Tradr 2X Long LRCX Daily ETF (LRCU) — Stock Correlations & Overview
Over the past year, LRCU has moved most closely with LRCX, AMAT, PSI. Explore the stocks most correlated and inversely correlated with LRCU below, along with its price, financials, and company profile.
Stocks correlated with LRCU
Correlation of daily returns. Higher positive values move with LRCU; negative values move opposite it. Informational only, not investment advice.
Most correlated with LRCU
| Symbol | Company | Correlation |
|---|---|---|
| LRCX | Lam Research CorpSPECIAL INDUSTRY MACHINERY, NEC | 1.00 |
| AMAT | Applied Materials IncSEMICONDUCTORS & RELATED DEVICES | 0.90 |
| PSI | Invesco Semiconductors ETF | 0.90 |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 0.89 |
| SOXX | iShares Semiconductor ETF | 0.89 |
Most inversely correlated with LRCU
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.89 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.84 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.80 |
| SSG | ProShares UltraShort Semiconductors | -0.79 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.79 |
Frequently asked questions about LRCU correlations
- Which stocks are most correlated with LRCU?
- Based on one year of daily returns, the stocks most correlated with Tradr 2X Long LRCX Daily ETF (LRCU) are LRCX (1.00), AMAT (0.90) and PSI (0.90). 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 LRCU?
- Over the past year, the stocks most inversely correlated with Tradr 2X Long LRCX Daily ETF (LRCU) are SOXS (-0.89), TSXD (-0.84) and HIBS (-0.80). 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 LRCU correlations calculated?
- We compute the correlation of daily returns between LRCU 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.