Fastly, Inc. Class A Common Stock (FSLY) — Stock Correlations & Overview
Over the past year, FSLY has moved most closely with AKAM, IDGT, DOCN. Explore the stocks most correlated and inversely correlated with FSLY below, along with its price, financials, and company profile.
Stocks correlated with FSLY
Correlation of daily returns. Higher positive values move with FSLY; negative values move opposite it. Informational only, not investment advice.
Most correlated with FSLY
| Symbol | Company | Correlation |
|---|---|---|
| AKAM | Akamai Technologies IncSERVICES-BUSINESS SERVICES, NEC | 0.50 |
| IDGT | iShares U.S. Digital Infrastructure and Real Estate ETF | 0.46 |
| DOCN | DigitalOcean Holdings, Inc.SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | 0.46 |
| CLOU | Global X Cloud Computing ETF | 0.43 |
| WCBR | WisdomTree Cybersecurity Fund | 0.41 |
Most inversely correlated with FSLY
| Symbol | Company | Correlation |
|---|---|---|
| COLD | Americold Realty Trust, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.29 |
| ACVA | ACV Auctions Inc.SERVICES-BUSINESS SERVICES, NEC | -0.27 |
| FBRT | Franklin BSP Realty Trust, Inc.REAL ESTATE INVESTMENT TRUSTS | -0.27 |
| APT | Alpha Pro Tech, Ltd.ORTHOPEDIC, PROSTHETIC & SURGICAL APPLIANCES & SUPPLIES | -0.25 |
| WCN | Waste Connections, Inc.REFUSE SYSTEMS | -0.24 |
Frequently asked questions about FSLY correlations
- Which stocks are most correlated with FSLY?
- Based on one year of daily returns, the stocks most correlated with Fastly, Inc. Class A Common Stock (FSLY) are AKAM (0.50), IDGT (0.46) and DOCN (0.46). 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 FSLY?
- Over the past year, the stocks most inversely correlated with Fastly, Inc. Class A Common Stock (FSLY) are COLD (-0.29), ACVA (-0.27) and FBRT (-0.27). 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 FSLY correlations calculated?
- We compute the correlation of daily returns between FSLY 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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