Direxion Daily CSCO Bear 1X ETF (CSCS) — Stock Correlations & Overview
Over the past year, CSCS has moved most closely with TECS, REW, HIBS. Explore the stocks most correlated and inversely correlated with CSCS below, along with its price, financials, and company profile.
Stocks correlated with CSCS
Correlation of daily returns. Higher positive values move with CSCS; negative values move opposite it. Informational only, not investment advice.
Most correlated with CSCS
| Symbol | Company | Correlation |
|---|---|---|
| TECS | Direxion Daily Technology Bear 3x ETF | 0.43 |
| REW | Proshares UltraShort Technology | 0.43 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | 0.40 |
| PSQ | ProShares Short QQQ | 0.39 |
| QID | ProShares UltraShort QQQ | 0.39 |
Most inversely correlated with CSCS
| Symbol | Company | Correlation |
|---|---|---|
| CSCO | Cisco Systems, Inc. Common Stock (DE)COMPUTER COMMUNICATIONS EQUIPMENT | -0.99 |
| CSCL | Direxion Daily CSCO Bull 2X ETF | -0.98 |
| IYZ | iShares U.S. Telecommunications ETF | -0.65 |
| 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 CSCS correlations
- Which stocks are most correlated with CSCS?
- Based on one year of daily returns, the stocks most correlated with Direxion Daily CSCO Bear 1X ETF (CSCS) are TECS (0.43), REW (0.43) and HIBS (0.40). 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 CSCS?
- Over the past year, the stocks most inversely correlated with Direxion Daily CSCO Bear 1X ETF (CSCS) are CSCO (-0.99), CSCL (-0.98) and IYZ (-0.65). 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 CSCS correlations calculated?
- We compute the correlation of daily returns between CSCS 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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