Which stocks are most correlated with SILC?

Based on one year of daily returns, the stocks most correlated with Silicom Ltd (SILC) are BHE (0.54), MAKX (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 SILC?

Over the past year, the stocks most inversely correlated with Silicom Ltd (SILC) are SOXS (-0.47), HIBS (-0.47) and PSQ (-0.44). A negative correlation means the two stocks have tended to move in opposite directions.

Silicom Ltd (SILC) — Stock Correlations & Overview

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

Stocks correlated with SILC

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

Most correlated with SILC

Symbol	Company	Correlation
BHE	Benchmark ElectronicsPRINTED CIRCUIT BOARDS	0.54
MAKX	ProShares S&P Kensho Smart Factories ETF	0.54
OPTZ	Optimize Strategy Index ETF	0.54
PSCT	Invesco S&P SmallCap Information Technology ETFINVESTMENT ADVICE	0.53
XSD	State Street SPDR S&P Semiconductor ETF	0.52

Most inversely correlated with SILC

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.47
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.47
PSQ	ProShares Short QQQ	-0.44
QID	ProShares UltraShort QQQ	-0.44
SQQQ	ProShares UltraPro Short QQQ	-0.44

Frequently asked questions about SILC correlations

Which stocks are most correlated with SILC?: Based on one year of daily returns, the stocks most correlated with Silicom Ltd (SILC) are BHE (0.54), MAKX (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 SILC?: Over the past year, the stocks most inversely correlated with Silicom Ltd (SILC) are SOXS (-0.47), HIBS (-0.47) and PSQ (-0.44). 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 SILC correlations calculated?: We compute the correlation of daily returns between SILC 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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