Flex Ltd. Ordinary Shares (FLEX) — Stock Correlations & Overview
Over the past year, FLEX has moved most closely with JBL, XMMO, RULE. Explore the stocks most correlated and inversely correlated with FLEX below, along with its price, financials, and company profile.
Stocks correlated with FLEX
Correlation of daily returns. Higher positive values move with FLEX; negative values move opposite it. Informational only, not investment advice.
Most correlated with FLEX
| Symbol | Company | Correlation |
|---|---|---|
| JBL | Jabil Inc.PRINTED CIRCUIT BOARDS | 0.79 |
| XMMO | Invesco S&P MidCap Momentum ETF | 0.75 |
| RULE | Adaptive Core ETF | 0.74 |
| PSI | Invesco Semiconductors ETF | 0.74 |
| MTUM | iShares MSCI USA Momentum Factor ETF | 0.74 |
Most inversely correlated with FLEX
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.74 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.69 |
| SSG | ProShares UltraShort Semiconductors | -0.69 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.68 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.68 |
Frequently asked questions about FLEX correlations
- Which stocks are most correlated with FLEX?
- Based on one year of daily returns, the stocks most correlated with Flex Ltd. Ordinary Shares (FLEX) are JBL (0.79), XMMO (0.75) and RULE (0.74). 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 FLEX?
- Over the past year, the stocks most inversely correlated with Flex Ltd. Ordinary Shares (FLEX) are SOXS (-0.74), TSXD (-0.69) and SSG (-0.69). 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 FLEX correlations calculated?
- We compute the correlation of daily returns between FLEX 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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