GlobalFoundries Inc. Ordinary Shares (GFS) — Stock Correlations & Overview
Over the past year, GFS has moved most closely with XSD, PSI, FTXL. Explore the stocks most correlated and inversely correlated with GFS below, along with its price, financials, and company profile.
Stocks correlated with GFS
Correlation of daily returns. Higher positive values move with GFS; negative values move opposite it. Informational only, not investment advice.
Most correlated with GFS
| Symbol | Company | Correlation |
|---|---|---|
| XSD | State Street SPDR S&P Semiconductor ETF | 0.75 |
| PSI | Invesco Semiconductors ETF | 0.73 |
| FTXL | First Trust Nasdaq Semiconductor ETF | 0.73 |
| CHPY | YieldMax Semiconductor Portfolio Option Income ETF | 0.71 |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 0.71 |
Most inversely correlated with GFS
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.70 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.64 |
| REW | Proshares UltraShort Technology | -0.61 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.60 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.60 |
Frequently asked questions about GFS correlations
- Which stocks are most correlated with GFS?
- Based on one year of daily returns, the stocks most correlated with GlobalFoundries Inc. Ordinary Shares (GFS) are XSD (0.75), PSI (0.73) and FTXL (0.73). 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 GFS?
- Over the past year, the stocks most inversely correlated with GlobalFoundries Inc. Ordinary Shares (GFS) are SOXS (-0.70), HIBS (-0.64) and REW (-0.61). 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 GFS correlations calculated?
- We compute the correlation of daily returns between GFS 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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