Which stocks are most correlated with SIFY?

Based on one year of daily returns, the stocks most correlated with Sify Technologies Limited (SIFY) are WQTM (0.44), ARKQ (0.43) and KOMP (0.42). 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 SIFY?

Over the past year, the stocks most inversely correlated with Sify Technologies Limited (SIFY) are QID (-0.38), SQQQ (-0.38) and PSQ (-0.38). A negative correlation means the two stocks have tended to move in opposite directions.

Sify Technologies Limited (SIFY) — Stock Correlations & Overview

Over the past year, SIFY has moved most closely with WQTM, ARKQ, KOMP. Explore the stocks most correlated and inversely correlated with SIFY below, along with its price, financials, and company profile.

Stocks correlated with SIFY

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

Most correlated with SIFY

Symbol	Company	Correlation
WQTM	WisdomTree Quantum Computing Fund	0.44
ARKQ	ARK Autonomous Technology & Robotics ETF	0.43
KOMP	State Street SPDR S&P Kensho New Economies Composite ETF	0.42
SFYF	SoFi Social 50 ETF	0.41
ABAT	American Battery Technology Company Common StockMINING & QUARRYING OF NONMETALLIC MINERALS (NO FUELS)	0.41

Most inversely correlated with SIFY

Symbol	Company	Correlation
QID	ProShares UltraShort QQQ	-0.38
SQQQ	ProShares UltraPro Short QQQ	-0.38
PSQ	ProShares Short QQQ	-0.38
BERZ	MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.37
TSLS	Direxion Shares ETF Trust Direxion Daily TSLA Bear 1X ETF	-0.36

Frequently asked questions about SIFY correlations

Which stocks are most correlated with SIFY?: Based on one year of daily returns, the stocks most correlated with Sify Technologies Limited (SIFY) are WQTM (0.44), ARKQ (0.43) and KOMP (0.42). 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 SIFY?: Over the past year, the stocks most inversely correlated with Sify Technologies Limited (SIFY) are QID (-0.38), SQQQ (-0.38) and PSQ (-0.38). 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 SIFY correlations calculated?: We compute the correlation of daily returns between SIFY 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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