Diodes Inc (DIOD) — Stock Correlations & Overview
Over the past year, DIOD has moved most closely with XSD, PSI, LSCC. Explore the stocks most correlated and inversely correlated with DIOD below, along with its price, financials, and company profile.
Stocks correlated with DIOD
Correlation of daily returns. Higher positive values move with DIOD; negative values move opposite it. Informational only, not investment advice.
Most correlated with DIOD
| Symbol | Company | Correlation |
|---|---|---|
| XSD | State Street SPDR S&P Semiconductor ETF | 0.77 |
| PSI | Invesco Semiconductors ETF | 0.73 |
| LSCC | Lattice Semiconductor CorpSEMICONDUCTORS & RELATED DEVICES | 0.71 |
| FTXL | First Trust Nasdaq Semiconductor ETF | 0.71 |
| MCHP | Microchip Technology IncSEMICONDUCTORS & RELATED DEVICES | 0.70 |
Most inversely correlated with DIOD
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.69 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.63 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.59 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.58 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.58 |
Frequently asked questions about DIOD correlations
- Which stocks are most correlated with DIOD?
- Based on one year of daily returns, the stocks most correlated with Diodes Inc (DIOD) are XSD (0.77), PSI (0.73) and LSCC (0.71). 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 DIOD?
- Over the past year, the stocks most inversely correlated with Diodes Inc (DIOD) are SOXS (-0.69), HIBS (-0.63) and EUM (-0.59). 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 DIOD correlations calculated?
- We compute the correlation of daily returns between DIOD 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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