Corning Incorporated (GLW) — Stock Correlations & Overview
Over the past year, GLW has moved most closely with CNAV, PSI, COHR. Explore the stocks most correlated and inversely correlated with GLW below, along with its price, financials, and company profile.
Stocks correlated with GLW
Correlation of daily returns. Higher positive values move with GLW; negative values move opposite it. Informational only, not investment advice.
Most correlated with GLW
| Symbol | Company | Correlation |
|---|---|---|
| CNAV | Mohr Company Nav ETF | 0.78 |
| PSI | Invesco Semiconductors ETF | 0.78 |
| COHR | Coherent Corp.OPTICAL INSTRUMENTS & LENSES | 0.77 |
| RULE | Adaptive Core ETF | 0.77 |
| PTF | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Technology Momentum ETF | 0.76 |
Most inversely correlated with GLW
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.74 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.67 |
| SSG | ProShares UltraShort Semiconductors | -0.66 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.65 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.65 |
Frequently asked questions about GLW correlations
- Which stocks are most correlated with GLW?
- Based on one year of daily returns, the stocks most correlated with Corning Incorporated (GLW) are CNAV (0.78), PSI (0.78) and COHR (0.77). 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 GLW?
- Over the past year, the stocks most inversely correlated with Corning Incorporated (GLW) are SOXS (-0.74), TSXD (-0.67) and SSG (-0.66). 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 GLW correlations calculated?
- We compute the correlation of daily returns between GLW 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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