Which stocks are most correlated with STM?

Based on one year of daily returns, the stocks most correlated with STMicroelectronics N.V. (STM) are STHH (0.99), SNSR (0.78) and XSD (0.73). 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 STM?

Over the past year, the stocks most inversely correlated with STMicroelectronics N.V. (STM) are SOXS (-0.73), HIBS (-0.67) and QID (-0.66). A negative correlation means the two stocks have tended to move in opposite directions.

STMicroelectronics N.V. (STM) — Stock Correlations & Overview

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

Stocks correlated with STM

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

Most correlated with STM

Symbol	Company	Correlation
STHH	STMicroelectronics NV ADRhedged	0.99
SNSR	Global X Funds Global X Internet of Things ETF	0.78
XSD	State Street SPDR S&P Semiconductor ETF	0.73
CARZ	First Trust Exchange-Traded Fund II First Trust S-Network Future Vehicles & Technology ETF	0.73
FTXL	First Trust Nasdaq Semiconductor ETF	0.73

Most inversely correlated with STM

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.73
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.67
QID	ProShares UltraShort QQQ	-0.66
PSQ	ProShares Short QQQ	-0.66
SQQQ	ProShares UltraPro Short QQQ	-0.66

Frequently asked questions about STM correlations

Which stocks are most correlated with STM?: Based on one year of daily returns, the stocks most correlated with STMicroelectronics N.V. (STM) are STHH (0.99), SNSR (0.78) and XSD (0.73). 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 STM?: Over the past year, the stocks most inversely correlated with STMicroelectronics N.V. (STM) are SOXS (-0.73), HIBS (-0.67) and QID (-0.66). 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 STM correlations calculated?: We compute the correlation of daily returns between STM 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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