Which stocks are most correlated with RELL?

Based on one year of daily returns, the stocks most correlated with Richardson Electronics Ltd (RELL) are NVEC (0.55), SUPP (0.54) and OPTZ (0.54). 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 RELL?

Over the past year, the stocks most inversely correlated with Richardson Electronics Ltd (RELL) are HIBS (-0.50), SOXS (-0.50) and REW (-0.48). A negative correlation means the two stocks have tended to move in opposite directions.

Richardson Electronics Ltd (RELL) — Stock Correlations & Overview

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

Stocks correlated with RELL

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

Most correlated with RELL

Symbol	Company	Correlation
NVEC	NVE CorpSEMICONDUCTORS & RELATED DEVICES	0.55
SUPP	TCW Transform Supply Chain ETF	0.54
OPTZ	Optimize Strategy Index ETF	0.54
MAKX	ProShares S&P Kensho Smart Factories ETF	0.54
FTC	First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index--symbol DEFILGOI)	0.53

Most inversely correlated with RELL

Symbol	Company	Correlation
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.50
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.50
REW	Proshares UltraShort Technology	-0.48
TECS	Direxion Daily Technology Bear 3x ETF	-0.48
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.48

Frequently asked questions about RELL correlations

Which stocks are most correlated with RELL?: Based on one year of daily returns, the stocks most correlated with Richardson Electronics Ltd (RELL) are NVEC (0.55), SUPP (0.54) and OPTZ (0.54). 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 RELL?: Over the past year, the stocks most inversely correlated with Richardson Electronics Ltd (RELL) are HIBS (-0.50), SOXS (-0.50) and REW (-0.48). 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 RELL correlations calculated?: We compute the correlation of daily returns between RELL 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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