Deswell Industries Inc (DSWL) — Stock Correlations & Overview
Over the past year, DSWL has moved most closely with JRSH, LOBpA, LABX. Explore the stocks most correlated and inversely correlated with DSWL below, along with its price, financials, and company profile.
Stocks correlated with DSWL
Correlation of daily returns. Higher positive values move with DSWL; negative values move opposite it. Informational only, not investment advice.
Most correlated with DSWL
| Symbol | Company | Correlation |
|---|---|---|
| JRSH | Jerash Holdings (US), Inc. Common StockAPPAREL & OTHER FINISHD PRODS OF FABRICS & SIMILAR MATL | 0.28 |
| LOBpA | Live Oak Bancshares, Inc. Depositary Shares, Each Representing a 1/40th Interest in a Share of 8.375% Fixed Rate Series A Non-Cumulative Perpetual Preferred StockSTATE COMMERCIAL BANKS | 0.27 |
| LABX | Tradr 2X Long ALAB Daily ETF | 0.25 |
| ALAB | Astera Labs, Inc. Common StockSEMICONDUCTORS & RELATED DEVICES | 0.25 |
| GCV | The Gabelli Convertible and Income Securities Fund, Inc. | 0.24 |
Most inversely correlated with DSWL
| Symbol | Company | Correlation |
|---|---|---|
| COTG | Leverage Shares 2X Long COST Daily ETF | -0.20 |
| NATH | Nathan's Famous IncRETAIL-EATING PLACES | -0.20 |
| FICO | Fair Isaac CorporationSERVICES-BUSINESS SERVICES, NEC | -0.20 |
| COST | Costco Wholesale CorpRETAIL-VARIETY STORES | -0.19 |
| AKA | a.k.a. Brands Holding Corp.RETAIL-CATALOG & MAIL-ORDER HOUSES | -0.19 |
Frequently asked questions about DSWL correlations
- Which stocks are most correlated with DSWL?
- Based on one year of daily returns, the stocks most correlated with Deswell Industries Inc (DSWL) are JRSH (0.28), LOBpA (0.27) and LABX (0.25). 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 DSWL?
- Over the past year, the stocks most inversely correlated with Deswell Industries Inc (DSWL) are COTG (-0.20), NATH (-0.20) and FICO (-0.20). 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 DSWL correlations calculated?
- We compute the correlation of daily returns between DSWL 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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