Cloudflare, Inc. Class A common stock, par value $0.001 per share (NET) — Stock Correlations & Overview
Over the past year, NET has moved most closely with XDAT, HACK, LRNZ. Explore the stocks most correlated and inversely correlated with NET below, along with its price, financials, and company profile.
Stocks correlated with NET
Correlation of daily returns. Higher positive values move with NET; negative values move opposite it. Informational only, not investment advice.
Most correlated with NET
| Symbol | Company | Correlation |
|---|---|---|
| XDAT | Franklin Exponential Data ETF | 0.73 |
| HACK | Amplify Cybersecurity ETF | 0.69 |
| LRNZ | TrueShares Technology, AI & Deep Learning ETF | 0.68 |
| SKYY | First Trust Cloud Computing ETF | 0.67 |
| SKYU | ProShares Ultra Nasdaq Cloud Computing ETF | 0.67 |
Most inversely correlated with NET
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.54 |
| PALD | Direxion Shares ETF Trust Direxion Daily PANW Bear 1X ETF | -0.44 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.43 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.41 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -0.40 |
Frequently asked questions about NET correlations
- Which stocks are most correlated with NET?
- Based on one year of daily returns, the stocks most correlated with Cloudflare, Inc. Class A common stock, par value $0.001 per share (NET) are XDAT (0.73), HACK (0.69) and LRNZ (0.68). 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 NET?
- Over the past year, the stocks most inversely correlated with Cloudflare, Inc. Class A common stock, par value $0.001 per share (NET) are WEBS (-0.54), PALD (-0.44) and AIBD (-0.43). 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 NET correlations calculated?
- We compute the correlation of daily returns between NET 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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