Gen Digital Inc. Common Stock (GEN) — Stock Correlations & Overview
Over the past year, GEN has moved most closely with INVN, XSW, GENVR. Explore the stocks most correlated and inversely correlated with GEN below, along with its price, financials, and company profile.
Stocks correlated with GEN
Correlation of daily returns. Higher positive values move with GEN; negative values move opposite it. Informational only, not investment advice.
Most correlated with GEN
| Symbol | Company | Correlation |
|---|---|---|
| INVN | Alger Russell Innovation ETF | 0.69 |
| XSW | State Street SPDR S&P Software & Services ETF | 0.69 |
| GENVR | Gen Digital Inc. Contingent Value RightsSERVICES-PREPACKAGED SOFTWARE | 0.69 |
| ABOT | Abacus FCF Innovation Leaders ETF | 0.69 |
| WCLD | WisdomTree Cloud Computing Fund | 0.68 |
Most inversely correlated with GEN
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.60 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.53 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.50 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.45 |
| SEF | ProShares Short Financials | -0.39 |
Frequently asked questions about GEN correlations
- Which stocks are most correlated with GEN?
- Based on one year of daily returns, the stocks most correlated with Gen Digital Inc. Common Stock (GEN) are INVN (0.69), XSW (0.69) and GENVR (0.69). 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 GEN?
- Over the past year, the stocks most inversely correlated with Gen Digital Inc. Common Stock (GEN) are HDGE (-0.60), DWSH (-0.53) and WEBS (-0.50). 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 GEN correlations calculated?
- We compute the correlation of daily returns between GEN 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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