Wolfspeed, Inc. (WOLF) — Stock Correlations & Overview
Over the past year, WOLF has moved most closely with ENTA, CHPX, MEME. Explore the stocks most correlated and inversely correlated with WOLF below, along with its price, financials, and company profile.
Stocks correlated with WOLF
Correlation of daily returns. Higher positive values move with WOLF; negative values move opposite it. Informational only, not investment advice.
Most correlated with WOLF
| Symbol | Company | Correlation |
|---|---|---|
| ENTA | Enanta Pharmaceuticals, IncPHARMACEUTICAL PREPARATIONS | 0.69 |
| CHPX | Global X AI Semiconductor & Quantum ETF | 0.58 |
| MEME | Roundhill Meme Stock ETF | 0.57 |
| WQTM | WisdomTree Quantum Computing Fund | 0.56 |
| TSXU | Direxion Daily Semiconductors Top 5 Bull 2X ETF | 0.54 |
Most inversely correlated with WOLF
| Symbol | Company | Correlation |
|---|---|---|
| MLTX | MoonLake Immunotherapeutics Class A Ordinary SharesPHARMACEUTICAL PREPARATIONS | -0.84 |
| KALA | KALA BIO, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.73 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.53 |
| MTEK | Maris-Tech Ltd. Ordinary Shares | -0.53 |
| TTXD | Direxion Daily Technology Top 5 Bear 2X ETF | -0.49 |
Frequently asked questions about WOLF correlations
- Which stocks are most correlated with WOLF?
- Based on one year of daily returns, the stocks most correlated with Wolfspeed, Inc. (WOLF) are ENTA (0.69), CHPX (0.58) and MEME (0.57). 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 WOLF?
- Over the past year, the stocks most inversely correlated with Wolfspeed, Inc. (WOLF) are MLTX (-0.84), KALA (-0.73) and TSXD (-0.53). 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 WOLF correlations calculated?
- We compute the correlation of daily returns between WOLF 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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