Which stocks are most correlated with PI?

Based on one year of daily returns, the stocks most correlated with Impinj, Inc. Common Stock (PI) are SNSR (0.48), XSD (0.47) and HLAL (0.47). 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 PI?

Over the past year, the stocks most inversely correlated with Impinj, Inc. Common Stock (PI) are PSQ (-0.43), SQQQ (-0.43) and QID (-0.43). A negative correlation means the two stocks have tended to move in opposite directions.

Impinj, Inc. Common Stock (PI) — Stock Correlations & Overview

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

Stocks correlated with PI

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

Most correlated with PI

Symbol	Company	Correlation
SNSR	Global X Funds Global X Internet of Things ETF	0.48
XSD	State Street SPDR S&P Semiconductor ETF	0.47
HLAL	Wahed FTSE USA Shariah ETF	0.47
PSCT	Invesco S&P SmallCap Information Technology ETFINVESTMENT ADVICE	0.46
IQSU	NYLIM Candriam U.S. Large Cap Equity ETF	0.46

Most inversely correlated with PI

Symbol	Company	Correlation
PSQ	ProShares Short QQQ	-0.43
SQQQ	ProShares UltraPro Short QQQ	-0.43
QID	ProShares UltraShort QQQ	-0.43
YQQQ	YieldMax Short N100 Option Income Strategy ETF	-0.42
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.42

Frequently asked questions about PI correlations

Which stocks are most correlated with PI?: Based on one year of daily returns, the stocks most correlated with Impinj, Inc. Common Stock (PI) are SNSR (0.48), XSD (0.47) and HLAL (0.47). 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 PI?: Over the past year, the stocks most inversely correlated with Impinj, Inc. Common Stock (PI) are PSQ (-0.43), SQQQ (-0.43) and QID (-0.43). 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 PI correlations calculated?: We compute the correlation of daily returns between PI 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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