Which stocks are most correlated with PENG?

Based on one year of daily returns, the stocks most correlated with Penguin Solutions, Inc. Ordinary Shares (PENG) are XSD (0.72), OPTZ (0.70) and SOXX (0.69). 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 PENG?

Over the past year, the stocks most inversely correlated with Penguin Solutions, Inc. Ordinary Shares (PENG) are SOXS (-0.70), REW (-0.66) and TECS (-0.65). A negative correlation means the two stocks have tended to move in opposite directions.

Penguin Solutions, Inc. Ordinary Shares (PENG) — Stock Correlations & Overview

Over the past year, PENG has moved most closely with XSD, OPTZ, SOXX. Explore the stocks most correlated and inversely correlated with PENG below, along with its price, financials, and company profile.

Stocks correlated with PENG

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

Most correlated with PENG

Symbol	Company	Correlation
XSD	State Street SPDR S&P Semiconductor ETF	0.72
OPTZ	Optimize Strategy Index ETF	0.70
SOXX	iShares Semiconductor ETF	0.69
CHPY	YieldMax Semiconductor Portfolio Option Income ETF	0.69
SOXY	YieldMax Target 12 Semiconductor Option Income ETF	0.69

Most inversely correlated with PENG

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.70
REW	Proshares UltraShort Technology	-0.66
TECS	Direxion Daily Technology Bear 3x ETF	-0.65
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.63
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.63

Frequently asked questions about PENG correlations

Which stocks are most correlated with PENG?: Based on one year of daily returns, the stocks most correlated with Penguin Solutions, Inc. Ordinary Shares (PENG) are XSD (0.72), OPTZ (0.70) and SOXX (0.69). 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 PENG?: Over the past year, the stocks most inversely correlated with Penguin Solutions, Inc. Ordinary Shares (PENG) are SOXS (-0.70), REW (-0.66) and TECS (-0.65). 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 PENG correlations calculated?: We compute the correlation of daily returns between PENG 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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