PDF Solutions Inc (PDFS) — Stock Correlations & Overview
Over the past year, PDFS has moved most closely with PSI, CHPS, SOXX. Explore the stocks most correlated and inversely correlated with PDFS below, along with its price, financials, and company profile.
Stocks correlated with PDFS
Correlation of daily returns. Higher positive values move with PDFS; negative values move opposite it. Informational only, not investment advice.
Most correlated with PDFS
| Symbol | Company | Correlation |
|---|---|---|
| PSI | Invesco Semiconductors ETF | 0.80 |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 0.78 |
| SOXX | iShares Semiconductor ETF | 0.77 |
| FTXL | First Trust Nasdaq Semiconductor ETF | 0.77 |
| SOXQ | Invesco PHLX Semiconductor ETFINVESTMENT ADVICE | 0.77 |
Most inversely correlated with PDFS
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.78 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.72 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.71 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.70 |
| REW | Proshares UltraShort Technology | -0.70 |
Frequently asked questions about PDFS correlations
- Which stocks are most correlated with PDFS?
- Based on one year of daily returns, the stocks most correlated with PDF Solutions Inc (PDFS) are PSI (0.80), CHPS (0.78) and SOXX (0.77). 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 PDFS?
- Over the past year, the stocks most inversely correlated with PDF Solutions Inc (PDFS) are SOXS (-0.78), HIBS (-0.72) and TSXD (-0.71). 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 PDFS correlations calculated?
- We compute the correlation of daily returns between PDFS 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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