Silicon Laboratories Inc (SLAB) — Stock Correlations & Overview
Over the past year, SLAB has moved most closely with EGHT, ENPH, COLM. Explore the stocks most correlated and inversely correlated with SLAB below, along with its price, financials, and company profile.
Stocks correlated with SLAB
Correlation of daily returns. Higher positive values move with SLAB; negative values move opposite it. Informational only, not investment advice.
Most correlated with SLAB
| Symbol | Company | Correlation |
|---|---|---|
| EGHT | 8x8, Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.49 |
| ENPH | Enphase Energy, Inc.SEMICONDUCTORS & RELATED DEVICES | 0.47 |
| COLM | Columbia Sportswear CoAPPAREL & OTHER FINISHD PRODS OF FABRICS & SIMILAR MATL | 0.43 |
| FTV | Fortive CorporationINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | 0.43 |
| INNV | InnovAge Holding Corp. Common StockSERVICES-HEALTH SERVICES | 0.41 |
Most inversely correlated with SLAB
| Symbol | Company | Correlation |
|---|---|---|
| BSX | Boston Scientific Corp.SURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.39 |
| SBB | ProShares Short SmallCap600 | -0.34 |
| SDD | ProShares UltraShort SmallCap600 | -0.31 |
| DSS | DSS, Inc.PAPERBOARD CONTAINERS & BOXES | -0.31 |
| SLTY | YieldMax Ultra Short Option Income Strategy ETF | -0.30 |
Frequently asked questions about SLAB correlations
- Which stocks are most correlated with SLAB?
- Based on one year of daily returns, the stocks most correlated with Silicon Laboratories Inc (SLAB) are EGHT (0.49), ENPH (0.47) and COLM (0.43). 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 SLAB?
- Over the past year, the stocks most inversely correlated with Silicon Laboratories Inc (SLAB) are BSX (-0.39), SBB (-0.34) and SDD (-0.31). 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 SLAB correlations calculated?
- We compute the correlation of daily returns between SLAB 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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