Which stocks are most correlated with POWI?

Based on one year of daily returns, the stocks most correlated with Power Integrations Inc (POWI) are XSD (0.75), PSI (0.70) and MAKX (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 POWI?

Over the past year, the stocks most inversely correlated with Power Integrations Inc (POWI) are SOXS (-0.67), HIBS (-0.65) and BTAL (-0.62). A negative correlation means the two stocks have tended to move in opposite directions.

Power Integrations Inc (POWI) — Stock Correlations & Overview

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

Stocks correlated with POWI

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

Most correlated with POWI

Symbol	Company	Correlation
XSD	State Street SPDR S&P Semiconductor ETF	0.75
PSI	Invesco Semiconductors ETF	0.70
MAKX	ProShares S&P Kensho Smart Factories ETF	0.69
QCLN	First Trust NASDAQ Clean Edge Green Energy Index Fund	0.68
ENTG	Entegris IncPLASTICS PRODUCTS, NEC	0.68

Most inversely correlated with POWI

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.67
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.65
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.62
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.60
SRTY	ProShares UltraPro Short Russell2000	-0.59

Frequently asked questions about POWI correlations

Which stocks are most correlated with POWI?: Based on one year of daily returns, the stocks most correlated with Power Integrations Inc (POWI) are XSD (0.75), PSI (0.70) and MAKX (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 POWI?: Over the past year, the stocks most inversely correlated with Power Integrations Inc (POWI) are SOXS (-0.67), HIBS (-0.65) and BTAL (-0.62). 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 POWI correlations calculated?: We compute the correlation of daily returns between POWI 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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