Which stocks are most correlated with HLIT?

Based on one year of daily returns, the stocks most correlated with Harmonic Inc (HLIT) are PSCT (0.68), MAKX (0.65) and OPTZ (0.65). 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 HLIT?

Over the past year, the stocks most inversely correlated with Harmonic Inc (HLIT) are HIBS (-0.59), SOXS (-0.56) and TZA (-0.55). A negative correlation means the two stocks have tended to move in opposite directions.

Harmonic Inc (HLIT) — Stock Correlations & Overview

Over the past year, HLIT has moved most closely with PSCT, MAKX, OPTZ. Explore the stocks most correlated and inversely correlated with HLIT below, along with its price, financials, and company profile.

Stocks correlated with HLIT

Correlation of daily returns. Higher positive values move with HLIT; negative values move opposite it. Informational only, not investment advice.

Most correlated with HLIT

Symbol	Company	Correlation
PSCT	Invesco S&P SmallCap Information Technology ETFINVESTMENT ADVICE	0.68
MAKX	ProShares S&P Kensho Smart Factories ETF	0.65
OPTZ	Optimize Strategy Index ETF	0.65
GTEK	Goldman Sachs Future Tech Leaders Equity ETF	0.63
XTL	State Street SPDR S&P Telecom ETF	0.63

Most inversely correlated with HLIT

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.59
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.56
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.55
SRTY	ProShares UltraPro Short Russell2000	-0.55
RWM	ProShares Short Russell2000	-0.54

Frequently asked questions about HLIT correlations

Which stocks are most correlated with HLIT?: Based on one year of daily returns, the stocks most correlated with Harmonic Inc (HLIT) are PSCT (0.68), MAKX (0.65) and OPTZ (0.65). 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 HLIT?: Over the past year, the stocks most inversely correlated with Harmonic Inc (HLIT) are HIBS (-0.59), SOXS (-0.56) and TZA (-0.55). 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 HLIT correlations calculated?: We compute the correlation of daily returns between HLIT 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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