Sandisk Corporation Common Stock (SNDK) — Stock Correlations & Overview
Over the past year, SNDK has moved most closely with FCUS, MUU, MULL. Explore the stocks most correlated and inversely correlated with SNDK below, along with its price, financials, and company profile.
Stocks correlated with SNDK
Correlation of daily returns. Higher positive values move with SNDK; negative values move opposite it. Informational only, not investment advice.
Most correlated with SNDK
| Symbol | Company | Correlation |
|---|---|---|
| FCUS | Pinnacle Focused Opportunities ETF | 0.79 |
| MUU | Direxion Shares ETF Trust Direxion Daily MU Bull 2X ETF | 0.78 |
| MULL | GraniteShares 2x Long MU Daily ETF | 0.78 |
| MU | Micron Technology, Inc.SEMICONDUCTORS & RELATED DEVICES | 0.78 |
| PTF | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Technology Momentum ETF | 0.75 |
Most inversely correlated with SNDK
| Symbol | Company | Correlation |
|---|---|---|
| MUD | Direxion Shares ETF Trust Direxion Daily MU Bear 1X ETF | -0.77 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.68 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.67 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.62 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.62 |
Frequently asked questions about SNDK correlations
- Which stocks are most correlated with SNDK?
- Based on one year of daily returns, the stocks most correlated with Sandisk Corporation Common Stock (SNDK) are FCUS (0.79), MUU (0.78) and MULL (0.78). 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 SNDK?
- Over the past year, the stocks most inversely correlated with Sandisk Corporation Common Stock (SNDK) are MUD (-0.77), SOXS (-0.68) and TSXD (-0.67). 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 SNDK correlations calculated?
- We compute the correlation of daily returns between SNDK 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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