FormFactor Inc. (FORM) — Stock Correlations & Overview
Over the past year, FORM has moved most closely with PSI, LRCX, LRCU. Explore the stocks most correlated and inversely correlated with FORM below, along with its price, financials, and company profile.
Stocks correlated with FORM
Correlation of daily returns. Higher positive values move with FORM; negative values move opposite it. Informational only, not investment advice.
Most correlated with FORM
| Symbol | Company | Correlation |
|---|---|---|
| PSI | Invesco Semiconductors ETF | 0.81 |
| LRCX | Lam Research CorpSPECIAL INDUSTRY MACHINERY, NEC | 0.78 |
| LRCU | Tradr 2X Long LRCX Daily ETF | 0.78 |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 0.76 |
| ONTO | Onto Innovation Inc.MEASURING & CONTROLLING DEVICES, NEC | 0.76 |
Most inversely correlated with FORM
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.75 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.65 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.65 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.64 |
| SSG | ProShares UltraShort Semiconductors | -0.63 |
Frequently asked questions about FORM correlations
- Which stocks are most correlated with FORM?
- Based on one year of daily returns, the stocks most correlated with FormFactor Inc. (FORM) are PSI (0.81), LRCX (0.78) and LRCU (0.78). 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 FORM?
- Over the past year, the stocks most inversely correlated with FormFactor Inc. (FORM) are SOXS (-0.75), TSXD (-0.65) and HIBS (-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 FORM correlations calculated?
- We compute the correlation of daily returns between FORM 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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