Which stocks are most correlated with SMTC?

Based on one year of daily returns, the stocks most correlated with Semtech Corp (SMTC) are PSI (0.76), XSD (0.76) and PTF (0.75). 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 SMTC?

Over the past year, the stocks most inversely correlated with Semtech Corp (SMTC) are SOXS (-0.71), TECS (-0.65) and REW (-0.64). A negative correlation means the two stocks have tended to move in opposite directions.

Semtech Corp (SMTC) — Stock Correlations & Overview

Over the past year, SMTC has moved most closely with PSI, XSD, PTF. Explore the stocks most correlated and inversely correlated with SMTC below, along with its price, financials, and company profile.

Stocks correlated with SMTC

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

Most correlated with SMTC

Symbol	Company	Correlation
PSI	Invesco Semiconductors ETF	0.76
XSD	State Street SPDR S&P Semiconductor ETF	0.76
PTF	Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Technology Momentum ETF	0.75
MTSI	MACOM Technology Solutions Holdings, IncSEMICONDUCTORS & RELATED DEVICES	0.74
CHPY	YieldMax Semiconductor Portfolio Option Income ETF	0.73

Most inversely correlated with SMTC

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.71
TECS	Direxion Daily Technology Bear 3x ETF	-0.65
REW	Proshares UltraShort Technology	-0.64
SSG	ProShares UltraShort Semiconductors	-0.64
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.63

Frequently asked questions about SMTC correlations

Which stocks are most correlated with SMTC?: Based on one year of daily returns, the stocks most correlated with Semtech Corp (SMTC) are PSI (0.76), XSD (0.76) and PTF (0.75). 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 SMTC?: Over the past year, the stocks most inversely correlated with Semtech Corp (SMTC) are SOXS (-0.71), TECS (-0.65) and REW (-0.64). 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 SMTC correlations calculated?: We compute the correlation of daily returns between SMTC 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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