Kulicke & Soffa Industries Inc (KLIC) — Stock Correlations & Overview
Over the past year, KLIC has moved most closely with PSI, COHU, MKSI. Explore the stocks most correlated and inversely correlated with KLIC below, along with its price, financials, and company profile.
Stocks correlated with KLIC
Correlation of daily returns. Higher positive values move with KLIC; negative values move opposite it. Informational only, not investment advice.
Most correlated with KLIC
| Symbol | Company | Correlation |
|---|---|---|
| PSI | Invesco Semiconductors ETF | 0.76 |
| COHU | Cohu IncINSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS | 0.72 |
| MKSI | MKS Inc. Common StockINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | 0.72 |
| OPTZ | Optimize Strategy Index ETF | 0.71 |
| KN | KNOWLES CORPORATIONHOUSEHOLD AUDIO & VIDEO EQUIPMENT | 0.71 |
Most inversely correlated with KLIC
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.69 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.65 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.62 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.61 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.61 |
Frequently asked questions about KLIC correlations
- Which stocks are most correlated with KLIC?
- Based on one year of daily returns, the stocks most correlated with Kulicke & Soffa Industries Inc (KLIC) are PSI (0.76), COHU (0.72) and MKSI (0.72). 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 KLIC?
- Over the past year, the stocks most inversely correlated with Kulicke & Soffa Industries Inc (KLIC) are SOXS (-0.69), HIBS (-0.65) and EDZ (-0.62). 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 KLIC correlations calculated?
- We compute the correlation of daily returns between KLIC 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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