MACOM Technology Solutions Holdings, Inc (MTSI) — Stock Correlations & Overview
Over the past year, MTSI has moved most closely with PSI, SITM, XSD. Explore the stocks most correlated and inversely correlated with MTSI below, along with its price, financials, and company profile.
Stocks correlated with MTSI
Correlation of daily returns. Higher positive values move with MTSI; negative values move opposite it. Informational only, not investment advice.
Most correlated with MTSI
| Symbol | Company | Correlation |
|---|---|---|
| PSI | Invesco Semiconductors ETF | 0.79 |
| SITM | SiTime Corporation Common StockSEMICONDUCTORS & RELATED DEVICES | 0.76 |
| XSD | State Street SPDR S&P Semiconductor ETF | 0.76 |
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | 0.74 |
| SOXQ | Invesco PHLX Semiconductor ETFINVESTMENT ADVICE | 0.74 |
Most inversely correlated with MTSI
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.73 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.65 |
| SSG | ProShares UltraShort Semiconductors | -0.64 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.61 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.61 |
Frequently asked questions about MTSI correlations
- Which stocks are most correlated with MTSI?
- Based on one year of daily returns, the stocks most correlated with MACOM Technology Solutions Holdings, Inc (MTSI) are PSI (0.79), SITM (0.76) and XSD (0.76). 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 MTSI?
- Over the past year, the stocks most inversely correlated with MACOM Technology Solutions Holdings, Inc (MTSI) are SOXS (-0.73), TSXD (-0.65) and SSG (-0.64). 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 MTSI correlations calculated?
- We compute the correlation of daily returns between MTSI 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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