Pair Trades for AVGO (NASDAQ) - Broadcom Inc
Pair Trades are recommended against US Stocks, ETFs or Funds (min. 1+ Year Historical Data and ≥300k Daily Trading Volume)Sector Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| NVDA nasdaq | 97.9% | 0.73 | Semiconductors |
| ASX nyse | 91.2% | -0.16 | Semiconductors |
| QUIK nasdaq | 90.1% | 5.08 | Semiconductors |
| RMBS nasdaq | 88.6% | -0.96 | Semiconductors |
| AMD nasdaq | 87.6% | -1.26 | Semiconductors |
| MRVL nasdaq | 87.0% | -2.57 | Semiconductors |
| INTC nasdaq | 86.9% | 1.96 | Semiconductors |
| NXPI nasdaq | 81.9% | 0.13 | Semiconductors |
| OLED nasdaq | 76.5% | 0.54 | Semiconductors |
| MPWR nasdaq | 67.7% | 0.05 | Semiconductors |
| TSM nyse | 67.4% | -1.29 | Semiconductors |
| NVTS nasdaq | 65.7% | -3.36 | Semiconductors |
| CRDO nasdaq | 58.4% | 0.21 | Semiconductors |
| MTSI nasdaq | 56.7% | 2.29 | Semiconductors |
| ON nasdaq | 56.4% | -3.03 | Semiconductors |
| SGH nasdaq | 56.4% | -4.40 | Semiconductors |
| MCHP nasdaq | 50.4% | -0.43 | Semiconductors |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SPWR nasdaq | -87.8% | -9.37 | Semiconductors |
| TSEM nasdaq | -79.6% | -4.39 | Semiconductors |
| PI nasdaq | -79.4% | -3.20 | Semiconductors |
| PRSO nasdaq | -76.7% | -12.59 | Semiconductors |
| JKS nyse | -76.3% | -3.24 | Semiconductors |
| MXL nasdaq | -74.3% | -5.19 | Semiconductors |
| WOLF nyse | -70.0% | -3.81 | Semiconductors |
| CSIQ nasdaq | -61.0% | -7.09 | Semiconductors |
| SLAB nasdaq | -57.3% | -4.23 | Semiconductors |
| CRUS nasdaq | -54.9% | -1.11 | Semiconductors |
| AMBA nasdaq | -54.2% | -4.37 | Semiconductors |
| SMTC nasdaq | -52.5% | -4.01 | Semiconductors |
| SYNA nasdaq | -49.8% | 0.80 | Semiconductors |
| MX nyse | -45.3% | -5.65 | Semiconductors |
| FTCI nasdaq | -45.2% | -15.12 | Semiconductors |
| HIMX nasdaq | -43.9% | -2.98 | Semiconductors |
| SIMO nasdaq | -43.7% | -2.56 | Semiconductors |
| POET nasdaq | -39.3% | -16.21 | Semiconductors |
| DIOD nasdaq | -39.2% | -4.03 | Semiconductors |
| TXN nasdaq | -33.7% | -1.92 | Semiconductors |
| GFS nasdaq | -33.3% | -2.34 | Semiconductors |
| INDI nasdaq | -24.7% | -3.91 | Semiconductors |
| FSLR nasdaq | -12.4% | -3.74 | Semiconductors |
| SWKS nasdaq | -10.4% | -1.48 | Semiconductors |
| LSCC nasdaq | 0.2% | -4.08 | Semiconductors |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| NVDA nasdaq | 97.9% | 0.73 | Semiconductors |
| PLTR nyse | 97.9% | 0.71 | Systems Software |
| SMCI nasdaq | 96.7% | -0.08 | Technology Hardware,.. |
| APPF nasdaq | 96.6% | 0.94 | Application Software |
| MDB nasdaq | 96.6% | -0.19 | Internet Services &.. |
| ADBE nasdaq | 96.5% | 2.32 | Application Software |
| AMAT nasdaq | 96.0% | -0.25 | Semiconductor Materi.. |
| LRCX nasdaq | 95.9% | 0.29 | Semiconductor Materi.. |
| NOW nyse | 95.9% | 1.26 | Systems Software |
| SNPS nasdaq | 95.3% | 0.74 | Application Software |
| MANH nasdaq | 95.0% | 0.92 | Application Software |
| ONTO nyse | 94.6% | 1.26 | Semiconductor Materi.. |
| UBER nyse | 94.5% | 3.24 | Passenger Ground Tra.. |
| BSY nasdaq | 94.4% | -0.64 | Application Software |
| ORCL nyse | 93.7% | -0.36 | Systems Software |
| PANW nasdaq | 93.7% | 1.62 | Systems Software |
| KLAC nasdaq | 93.3% | 0.40 | Semiconductor Materi.. |
| CDNS nasdaq | 93.2% | 0.31 | Application Software |
| MSFT nasdaq | 93.2% | 0.11 | Systems Software |
| BRZE nasdaq | 93.1% | 4.04 | Application Software |
| NTAP nasdaq | 93.0% | 1.41 | Technology Hardware,.. |
| VECO nasdaq | 92.7% | -0.08 | Semiconductor Materi.. |
| JBL nyse | 92.4% | 1.01 | Electronic Manufactu.. |
| FICO nyse | 92.2% | 2.54 | Application Software |
| PRO nyse | 91.8% | 1.36 | Application Software |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SOPA nasdaq | -94.8% | -9.05 | Application Software |
| TIXT nyse | -90.7% | -8.92 | Data Processing & Ou.. |
| G nyse | -89.7% | -1.91 | Data Processing & Ou.. |
| SPWR nasdaq | -87.8% | -9.37 | Semiconductors |
| INFN nasdaq | -87.7% | -2.07 | Communications Equip.. |
| MRIN nasdaq | -85.6% | -8.12 | Application Software |
| NTGR nasdaq | -85.6% | -1.15 | Communications Equip.. |
| ADTN nasdaq | -83.3% | -5.30 | Communications Equip.. |
| TTEC nasdaq | -83.2% | -6.71 | Data Processing & Ou.. |
| EXLS nasdaq | -83.1% | -1.76 | Data Processing & Ou.. |
| APPS nasdaq | -83.0% | -5.84 | Application Software |
| CNXC nasdaq | -82.9% | -0.23 | Data Processing & Ou.. |
| CMBM nasdaq | -82.8% | -14.12 | Communications Equip.. |
| SOL nyse | -82.6% | -4.49 | Construction & Engin.. |
| ENPH nasdaq | -82.2% | -6.40 | Semiconductor Materi.. |
| NOK nyse | -82.2% | -3.58 | Communications Equip.. |
| COMM nasdaq | -81.9% | -10.31 | Communications Equip.. |
| GDS nasdaq | -81.8% | -2.65 | Data Processing & Ou.. |
| GPRO nasdaq | -80.0% | -2.71 | Consumer Electronics |
| TSEM nasdaq | -79.6% | -4.39 | Semiconductors |
| PI nasdaq | -79.4% | -3.20 | Semiconductors |
| DQ nyse | -79.2% | -6.06 | Semiconductor Materi.. |
| INTZ nasdaq | -79.1% | -16.54 | Systems Software |
| VERI nasdaq | -79.0% | -6.38 | Application Software |
| SEDG nasdaq | -78.7% | -13.88 | Semiconductor Materi.. |