Which stocks are most correlated with ONTO?

Based on one year of daily returns, the stocks most correlated with Onto Innovation Inc. (ONTO) are PSI (0.86), AMAT (0.83) and SOXQ (0.82). 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 ONTO?

Over the past year, the stocks most inversely correlated with Onto Innovation Inc. (ONTO) are SOXS (-0.82), HIBS (-0.77) and BTAL (-0.75). A negative correlation means the two stocks have tended to move in opposite directions.

Onto Innovation Inc. (ONTO) — Stock Correlations & Overview

Over the past year, ONTO has moved most closely with PSI, AMAT, SOXQ. Explore the stocks most correlated and inversely correlated with ONTO below, along with its price, financials, and company profile.

Stocks correlated with ONTO

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

Most correlated with ONTO

Symbol	Company	Correlation
PSI	Invesco Semiconductors ETF	0.86
AMAT	Applied Materials IncSEMICONDUCTORS & RELATED DEVICES	0.83
SOXQ	Invesco PHLX Semiconductor ETFINVESTMENT ADVICE	0.82
SOXX	iShares Semiconductor ETF	0.82
FTXL	First Trust Nasdaq Semiconductor ETF	0.82

Most inversely correlated with ONTO

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.82
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.77
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.75
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.73
SSG	ProShares UltraShort Semiconductors	-0.73

Frequently asked questions about ONTO correlations

Which stocks are most correlated with ONTO?: Based on one year of daily returns, the stocks most correlated with Onto Innovation Inc. (ONTO) are PSI (0.86), AMAT (0.83) and SOXQ (0.82). 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 ONTO?: Over the past year, the stocks most inversely correlated with Onto Innovation Inc. (ONTO) are SOXS (-0.82), HIBS (-0.77) and BTAL (-0.75). 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 ONTO correlations calculated?: We compute the correlation of daily returns between ONTO 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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