Sanmina Corp (SANM) — Stock Correlations & Overview
Over the past year, SANM has moved most closely with PSCT, BHE, PSI. Explore the stocks most correlated and inversely correlated with SANM below, along with its price, financials, and company profile.
Stocks correlated with SANM
Correlation of daily returns. Higher positive values move with SANM; negative values move opposite it. Informational only, not investment advice.
Most correlated with SANM
| Symbol | Company | Correlation |
|---|---|---|
| PSCT | Invesco S&P SmallCap Information Technology ETFINVESTMENT ADVICE | 0.62 |
| BHE | Benchmark ElectronicsPRINTED CIRCUIT BOARDS | 0.62 |
| PSI | Invesco Semiconductors ETF | 0.61 |
| AMD | Advanced Micro DevicesSEMICONDUCTORS & RELATED DEVICES | 0.61 |
| AMDL | GraniteShares 2x Long AMD Daily ETF | 0.61 |
Most inversely correlated with SANM
| Symbol | Company | Correlation |
|---|---|---|
| AMDD | Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF | -0.61 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.59 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.57 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.55 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.54 |
Frequently asked questions about SANM correlations
- Which stocks are most correlated with SANM?
- Based on one year of daily returns, the stocks most correlated with Sanmina Corp (SANM) are PSCT (0.62), BHE (0.62) and PSI (0.61). 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 SANM?
- Over the past year, the stocks most inversely correlated with Sanmina Corp (SANM) are AMDD (-0.61), SOXS (-0.59) and HIBS (-0.57). 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 SANM correlations calculated?
- We compute the correlation of daily returns between SANM 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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