eGain Corporation (EGAN) — Stock Correlations & Overview
Over the past year, EGAN has moved most closely with XSW, FINX, DTEC. Explore the stocks most correlated and inversely correlated with EGAN below, along with its price, financials, and company profile.
Stocks correlated with EGAN
Correlation of daily returns. Higher positive values move with EGAN; negative values move opposite it. Informational only, not investment advice.
Most correlated with EGAN
| Symbol | Company | Correlation |
|---|---|---|
| XSW | State Street SPDR S&P Software & Services ETF | 0.49 |
| FINX | Global X Funds Global X FinTech ETF | 0.49 |
| DTEC | ALPS Disruptive Technologies ETF | 0.47 |
| KRRO | Korro Bio, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.47 |
| PCLG | Polen Focus Growth ETF | 0.47 |
Most inversely correlated with EGAN
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.40 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.36 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.36 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.36 |
| TWM | ProShares UltraShort Russell2000 | -0.33 |
Frequently asked questions about EGAN correlations
- Which stocks are most correlated with EGAN?
- Based on one year of daily returns, the stocks most correlated with eGain Corporation (EGAN) are XSW (0.49), FINX (0.49) and DTEC (0.47). 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 EGAN?
- Over the past year, the stocks most inversely correlated with eGain Corporation (EGAN) are WEBS (-0.40), AIBD (-0.36) and HDGE (-0.36). 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 EGAN correlations calculated?
- We compute the correlation of daily returns between EGAN 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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