SiTime Corporation Common Stock (SITM) — Stock Correlations & Overview
Over the past year, SITM has moved most closely with MTSI, PSI, XSD. Explore the stocks most correlated and inversely correlated with SITM below, along with its price, financials, and company profile.
Stocks correlated with SITM
Correlation of daily returns. Higher positive values move with SITM; negative values move opposite it. Informational only, not investment advice.
Most correlated with SITM
| Symbol | Company | Correlation |
|---|---|---|
| MTSI | MACOM Technology Solutions Holdings, IncSEMICONDUCTORS & RELATED DEVICES | 0.76 |
| PSI | Invesco Semiconductors ETF | 0.69 |
| XSD | State Street SPDR S&P Semiconductor ETF | 0.68 |
| MKSI | MKS Inc. Common StockINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | 0.65 |
| SMHX | VanEck Fabless Semiconductor ETF | 0.64 |
Most inversely correlated with SITM
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.60 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.53 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.53 |
| YQQQ | YieldMax Short N100 Option Income Strategy ETF | -0.52 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.52 |
Frequently asked questions about SITM correlations
- Which stocks are most correlated with SITM?
- Based on one year of daily returns, the stocks most correlated with SiTime Corporation Common Stock (SITM) are MTSI (0.76), PSI (0.69) and XSD (0.68). 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 SITM?
- Over the past year, the stocks most inversely correlated with SiTime Corporation Common Stock (SITM) are SOXS (-0.60), HIBS (-0.53) and TECS (-0.53). 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 SITM correlations calculated?
- We compute the correlation of daily returns between SITM 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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