Which stocks are most correlated with TIGO?

Based on one year of daily returns, the stocks most correlated with Millicom International Cellular S.A. Common Stock (TIGO) are IYZ (0.38), ATNI (0.35) and ILF (0.34). 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 TIGO?

Over the past year, the stocks most inversely correlated with Millicom International Cellular S.A. Common Stock (TIGO) are BZQ (-0.30), HUBS (-0.29) and TEAM (-0.26). A negative correlation means the two stocks have tended to move in opposite directions.

Millicom International Cellular S.A. Common Stock (TIGO) — Stock Correlations & Overview

Over the past year, TIGO has moved most closely with IYZ, ATNI, ILF. Explore the stocks most correlated and inversely correlated with TIGO below, along with its price, financials, and company profile.

Stocks correlated with TIGO

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

Most correlated with TIGO

Symbol	Company	Correlation
IYZ	iShares U.S. Telecommunications ETF	0.38
ATNI	ATN International, IncTELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)	0.35
ILF	iShares Latin America 40 ETF	0.34
INSM	Insmed, Inc.PHARMACEUTICAL PREPARATIONS	0.34
TIMB	TIM S.A. American Depositary Shares (Each representing 5 Common Shares)	0.34

Most inversely correlated with TIGO

Symbol	Company	Correlation
BZQ	ProShares UltraShort MSCI Brazil Capped	-0.30
HUBS	HUBSPOT, INC.SERVICES-PREPACKAGED SOFTWARE	-0.29
TEAM	Atlassian Corporation Class A Common StockSERVICES-PREPACKAGED SOFTWARE	-0.26
DDOG	Datadog, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE	-0.24
CRM	Salesforce, Inc.SERVICES-PREPACKAGED SOFTWARE	-0.24

Frequently asked questions about TIGO correlations

Which stocks are most correlated with TIGO?: Based on one year of daily returns, the stocks most correlated with Millicom International Cellular S.A. Common Stock (TIGO) are IYZ (0.38), ATNI (0.35) and ILF (0.34). 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 TIGO?: Over the past year, the stocks most inversely correlated with Millicom International Cellular S.A. Common Stock (TIGO) are BZQ (-0.30), HUBS (-0.29) and TEAM (-0.26). 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 TIGO correlations calculated?: We compute the correlation of daily returns between TIGO 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.