NVE Corp (NVEC) — Stock Correlations & Overview
Over the past year, NVEC has moved most closely with THRM, RELL, KN. Explore the stocks most correlated and inversely correlated with NVEC below, along with its price, financials, and company profile.
Stocks correlated with NVEC
Correlation of daily returns. Higher positive values move with NVEC; negative values move opposite it. Informational only, not investment advice.
Most correlated with NVEC
| Symbol | Company | Correlation |
|---|---|---|
| THRM | Gentherm IncMOTOR VEHICLE PARTS & ACCESSORIES | 0.58 |
| RELL | Richardson Electronics LtdWHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC | 0.55 |
| KN | KNOWLES CORPORATIONHOUSEHOLD AUDIO & VIDEO EQUIPMENT | 0.54 |
| MAKX | ProShares S&P Kensho Smart Factories ETF | 0.49 |
| XSD | State Street SPDR S&P Semiconductor ETF | 0.49 |
Most inversely correlated with NVEC
| Symbol | Company | Correlation |
|---|---|---|
| ACI | Albertsons Companies, Inc.RETAIL-GROCERY STORES | -0.46 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.44 |
| TMUS | T-Mobile US, Inc.RADIOTELEPHONE COMMUNICATIONS | -0.42 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.41 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.40 |
Frequently asked questions about NVEC correlations
- Which stocks are most correlated with NVEC?
- Based on one year of daily returns, the stocks most correlated with NVE Corp (NVEC) are THRM (0.58), RELL (0.55) and KN (0.54). 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 NVEC?
- Over the past year, the stocks most inversely correlated with NVE Corp (NVEC) are ACI (-0.46), SOXS (-0.44) and TMUS (-0.42). 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 NVEC correlations calculated?
- We compute the correlation of daily returns between NVEC 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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