Which stocks are most correlated with TER?

Based on one year of daily returns, the stocks most correlated with Teradyne, Inc. Common Stock (TER) are PSI (0.79), SOXX (0.79) and FWD (0.79). 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 TER?

Over the past year, the stocks most inversely correlated with Teradyne, Inc. Common Stock (TER) are SOXS (-0.79), HIBS (-0.73) and BTAL (-0.71). A negative correlation means the two stocks have tended to move in opposite directions.

Teradyne, Inc. Common Stock (TER) — Stock Correlations & Overview

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

Stocks correlated with TER

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

Most correlated with TER

Symbol	Company	Correlation
PSI	Invesco Semiconductors ETF	0.79
SOXX	iShares Semiconductor ETF	0.79
FWD	AB Disruptors ETF	0.79
SOXL	Direxion Daily Semiconductor Bull 3X ETF	0.79
IQM	Franklin Intelligent Machines ETF	0.78

Most inversely correlated with TER

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.79
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.73
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.71
TSXD	Direxion Daily Semiconductors Top 5 Bear 2X ETF	-0.71
SSG	ProShares UltraShort Semiconductors	-0.70

Frequently asked questions about TER correlations

Which stocks are most correlated with TER?: Based on one year of daily returns, the stocks most correlated with Teradyne, Inc. Common Stock (TER) are PSI (0.79), SOXX (0.79) and FWD (0.79). 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 TER?: Over the past year, the stocks most inversely correlated with Teradyne, Inc. Common Stock (TER) are SOXS (-0.79), HIBS (-0.73) and BTAL (-0.71). 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 TER correlations calculated?: We compute the correlation of daily returns between TER 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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