Cisco Systems, Inc. Common Stock (DE) (CSCO) — Stock Correlations & Overview
Over the past year, CSCO has moved most closely with CSCL, IYZ, XPND. Explore the stocks most correlated and inversely correlated with CSCO below, along with its price, financials, and company profile.
Stocks correlated with CSCO
Correlation of daily returns. Higher positive values move with CSCO; negative values move opposite it. Informational only, not investment advice.
Most correlated with CSCO
| Symbol | Company | Correlation |
|---|---|---|
| CSCL | Direxion Daily CSCO Bull 2X ETF | 1.00 |
| IYZ | iShares U.S. Telecommunications ETF | 0.64 |
| XPND | First Trust Expanded Technology ETF | 0.51 |
| HPE | Hewlett Packard Enterprise CompanyCOMPUTER & OFFICE EQUIPMENT | 0.51 |
| HPEpC | Hewlett Packard Enterprise Company 7.625% Series C Mandatory Convertible Preferred StockCOMPUTER & OFFICE EQUIPMENT | 0.50 |
Frequently asked questions about CSCO correlations
- Which stocks are most correlated with CSCO?
- Based on one year of daily returns, the stocks most correlated with Cisco Systems, Inc. Common Stock (DE) (CSCO) are CSCL (1.00), IYZ (0.64) and XPND (0.51). 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 CSCO?
- Over the past year, the stocks most inversely correlated with Cisco Systems, Inc. Common Stock (DE) (CSCO) are CSCS (-0.99), TECS (-0.44) and REW (-0.44). 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 CSCO correlations calculated?
- We compute the correlation of daily returns between CSCO 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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