Roku, Inc. Class A Common Stock (ROKU) — Stock Correlations & Overview
Over the past year, ROKU has moved most closely with BNGE, FDCF, DWLD. Explore the stocks most correlated and inversely correlated with ROKU below, along with its price, financials, and company profile.
Stocks correlated with ROKU
Correlation of daily returns. Higher positive values move with ROKU; negative values move opposite it. Informational only, not investment advice.
Most correlated with ROKU
| Symbol | Company | Correlation |
|---|---|---|
| BNGE | First Trust S-Network Streaming and Gaming ETF | 0.55 |
| FDCF | Fidelity Disruptive Communications ETF | 0.55 |
| DWLD | Davis Select Worldwide ETF | 0.53 |
| BUYZ | Franklin Disruptive Commerce ETF | 0.53 |
| FTGS | First Trust Growth Strength ETF | 0.53 |
Most inversely correlated with ROKU
| Symbol | Company | Correlation |
|---|---|---|
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.47 |
| SCC | ProShares UltraShort Consumer Discretionary | -0.47 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.46 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.46 |
| SPXU | ProShares UltraPro Short S&P 500 | -0.46 |
Frequently asked questions about ROKU correlations
- Which stocks are most correlated with ROKU?
- Based on one year of daily returns, the stocks most correlated with Roku, Inc. Class A Common Stock (ROKU) are BNGE (0.55), FDCF (0.55) and DWLD (0.53). 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 ROKU?
- Over the past year, the stocks most inversely correlated with Roku, Inc. Class A Common Stock (ROKU) are WEBS (-0.47), SCC (-0.47) and SPXS (-0.46). 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 ROKU correlations calculated?
- We compute the correlation of daily returns between ROKU 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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