Methode Electronics (MEI) — Stock Correlations & Overview
Over the past year, MEI has moved most closely with LFUS, OPTZ, VSH. Explore the stocks most correlated and inversely correlated with MEI below, along with its price, financials, and company profile.
Stocks correlated with MEI
Correlation of daily returns. Higher positive values move with MEI; negative values move opposite it. Informational only, not investment advice.
Most correlated with MEI
| Symbol | Company | Correlation |
|---|---|---|
| LFUS | Littelfuse IncSWITCHGEAR & SWITCHBOARD APPARATUS | 0.50 |
| OPTZ | Optimize Strategy Index ETF | 0.49 |
| VSH | Vishay Intertechnology, Inc.ELECTRONIC COMPONENTS & ACCESSORIES | 0.48 |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 0.48 |
| MTRN | Materion CorporationMETAL FORGINGS & STAMPINGS | 0.48 |
Most inversely correlated with MEI
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.46 |
| MUD | Direxion Shares ETF Trust Direxion Daily MU Bear 1X ETF | -0.42 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.41 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.41 |
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.41 |
Frequently asked questions about MEI correlations
- Which stocks are most correlated with MEI?
- Based on one year of daily returns, the stocks most correlated with Methode Electronics (MEI) are LFUS (0.50), OPTZ (0.49) and VSH (0.48). 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 MEI?
- Over the past year, the stocks most inversely correlated with Methode Electronics (MEI) are SOXS (-0.46), MUD (-0.42) and EUM (-0.41). 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 MEI correlations calculated?
- We compute the correlation of daily returns between MEI 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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