SuperCom, Ltd (SPCB) — Stock Correlations & Overview
Over the past year, SPCB has moved most closely with AZTD, PEXL, TRFM. Explore the stocks most correlated and inversely correlated with SPCB below, along with its price, financials, and company profile.
Stocks correlated with SPCB
Correlation of daily returns. Higher positive values move with SPCB; negative values move opposite it. Informational only, not investment advice.
Most correlated with SPCB
| Symbol | Company | Correlation |
|---|---|---|
| AZTD | Aztlan Global Stock Selection DM SMID ETF | 0.43 |
| PEXL | Pacer US Export Leaders ETF | 0.41 |
| TRFM | AAM Transformers ETF | 0.40 |
| BUZZ | VanEck Social Sentiment ETF | 0.40 |
| KOMP | State Street SPDR S&P Kensho New Economies Composite ETF | 0.40 |
Most inversely correlated with SPCB
| Symbol | Company | Correlation |
|---|---|---|
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.38 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.36 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.36 |
| PSQ | ProShares Short QQQ | -0.36 |
| MYY | ProShares Short MidCap400 | -0.36 |
Frequently asked questions about SPCB correlations
- Which stocks are most correlated with SPCB?
- Based on one year of daily returns, the stocks most correlated with SuperCom, Ltd (SPCB) are AZTD (0.43), PEXL (0.41) and TRFM (0.40). 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 SPCB?
- Over the past year, the stocks most inversely correlated with SuperCom, Ltd (SPCB) are HIBS (-0.38), BERZ (-0.36) and BTAL (-0.36). 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 SPCB correlations calculated?
- We compute the correlation of daily returns between SPCB 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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