Which stocks are most correlated with VECO?

Based on one year of daily returns, the stocks most correlated with Veeco Instruments Inc (VECO) are ACLS (0.94), PSI (0.71) and TINY (0.68). 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 VECO?

Over the past year, the stocks most inversely correlated with Veeco Instruments Inc (VECO) are SOXS (-0.66), HIBS (-0.61) and BTAL (-0.61). A negative correlation means the two stocks have tended to move in opposite directions.

Veeco Instruments Inc (VECO) — Stock Correlations & Overview

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

Stocks correlated with VECO

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

Most correlated with VECO

Symbol	Company	Correlation
ACLS	Axcelis Technologies IncSPECIAL INDUSTRY MACHINERY, NEC	0.94
PSI	Invesco Semiconductors ETF	0.71
TINY	ProShares Nanotechnology ETF	0.68
COHU	Cohu IncINSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS	0.67
CHPY	YieldMax Semiconductor Portfolio Option Income ETF	0.66

Most inversely correlated with VECO

Symbol	Company	Correlation
SOXS	Direxion Daily Semiconductor Bear 3X ETF	-0.66
HIBS	Direxion Daily S&P 500 High Beta Bear 3X ETF	-0.61
BTAL	AGF U.S. Market Neutral Anti-Beta Fund	-0.61
SSG	ProShares UltraShort Semiconductors	-0.60
TECS	Direxion Daily Technology Bear 3x ETF	-0.57

Frequently asked questions about VECO correlations

Which stocks are most correlated with VECO?: Based on one year of daily returns, the stocks most correlated with Veeco Instruments Inc (VECO) are ACLS (0.94), PSI (0.71) and TINY (0.68). 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 VECO?: Over the past year, the stocks most inversely correlated with Veeco Instruments Inc (VECO) are SOXS (-0.66), HIBS (-0.61) and BTAL (-0.61). 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 VECO correlations calculated?: We compute the correlation of daily returns between VECO 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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