Which stocks are most correlated with CRNC?

Based on one year of daily returns, the stocks most correlated with Cerence Inc. Common Stock (CRNC) are WISE (0.54), KOMP (0.52) and HAIL (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with CRNC?

Over the past year, the stocks most inversely correlated with Cerence Inc. Common Stock (CRNC) are SARK (-0.48), SDS (-0.45) and QID (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.

Cerence Inc. Common Stock (CRNC) — Stock Correlations & Overview

Over the past year, CRNC has moved most closely with WISE, KOMP, HAIL. Explore the stocks most correlated and inversely correlated with CRNC below, along with its price, financials, and company profile.

Stocks correlated with CRNC

Correlation of daily returns. Higher positive values move with CRNC; negative values move opposite it. Informational only, not investment advice.

Most correlated with CRNC

Symbol	Company	Correlation
WISE	Themes Generative Artificial Intelligence ETF	0.54
KOMP	State Street SPDR S&P Kensho New Economies Composite ETF	0.52
HAIL	State Street SPDR S&P Kensho Smart Mobility ETF	0.52
ROBT	First Trust Nasdaq Artificial Intelligence and Robotics ETF	0.52
AUR	Aurora Innovation, Inc. Class A Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN	0.52

Most inversely correlated with CRNC

Symbol	Company	Correlation
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.48
SDS	ProShares UltraShort S&P500	-0.45
QID	ProShares UltraShort QQQ	-0.45
SQQQ	ProShares UltraPro Short QQQ	-0.45
SPXS	Direxion Daily S&P 500 Bear 3x ETF	-0.45

Frequently asked questions about CRNC correlations

Which stocks are most correlated with CRNC?: Based on one year of daily returns, the stocks most correlated with Cerence Inc. Common Stock (CRNC) are WISE (0.54), KOMP (0.52) and HAIL (0.52). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with CRNC?: Over the past year, the stocks most inversely correlated with Cerence Inc. Common Stock (CRNC) are SARK (-0.48), SDS (-0.45) and QID (-0.45). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these CRNC correlations calculated?: We compute the correlation of daily returns between CRNC and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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