Which stocks are most correlated with NTCT?

Based on one year of daily returns, the stocks most correlated with Netscout Systems Inc (NTCT) are PSWD (0.56), RSPT (0.56) and DDOG (0.56). 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 NTCT?

Over the past year, the stocks most inversely correlated with Netscout Systems Inc (NTCT) are HIBS (-0.47), TECS (-0.47) and REW (-0.47). A negative correlation means the two stocks have tended to move in opposite directions.

Netscout Systems Inc (NTCT) — Stock Correlations & Overview

Over the past year, NTCT has moved most closely with PSWD, RSPT, DDOG. Explore the stocks most correlated and inversely correlated with NTCT below, along with its price, financials, and company profile.

Stocks correlated with NTCT

Correlation of daily returns. Higher positive values move with NTCT; negative values move opposite it. Informational only, not investment advice.

Most correlated with NTCT

Symbol	Company	Correlation
PSWD	Xtrackers Cybersecurity Select Equity ETF	0.56
RSPT	Invesco S&P 500 Equal Weight Technology ETF	0.56
DDOG	Datadog, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE	0.56
UCYB	ProShares Ultra Nasdaq Cybersecurity ETF	0.55
CIBR	First Trust Exchange-Traded Fund II First Trust NASDAQ Cybersecurity ETF	0.55

Most inversely correlated with NTCT

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.47
TECS	Direxion Daily Technology Bear 3x ETF	-0.47
REW	Proshares UltraShort Technology	-0.47
SQQQ	ProShares UltraPro Short QQQ	-0.44
QID	ProShares UltraShort QQQ	-0.43

Frequently asked questions about NTCT correlations

Which stocks are most correlated with NTCT?: Based on one year of daily returns, the stocks most correlated with Netscout Systems Inc (NTCT) are PSWD (0.56), RSPT (0.56) and DDOG (0.56). 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 NTCT?: Over the past year, the stocks most inversely correlated with Netscout Systems Inc (NTCT) are HIBS (-0.47), TECS (-0.47) and REW (-0.47). 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 NTCT correlations calculated?: We compute the correlation of daily returns between NTCT 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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