Pair Trades for MANH (NASDAQ) - Manhattan Associates 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 |
|---|---|---|---|
| CDNS nasdaq | 96.9% | 0.31 | Application Software |
| APPF nasdaq | 96.0% | 0.94 | Application Software |
| SNPS nasdaq | 95.5% | 0.74 | Application Software |
| CXM nyse | 95.0% | 0.45 | Application Software |
| FICO nyse | 94.8% | 2.54 | Application Software |
| BSY nasdaq | 94.1% | -0.64 | Application Software |
| SAP nyse | 93.2% | 0.73 | Application Software |
| TYL nyse | 92.0% | -0.74 | Application Software |
| ADBE nasdaq | 91.6% | 2.32 | Application Software |
| CRM nyse | 91.3% | 0.65 | Application Software |
| IOT nyse | 91.0% | 1.43 | Application Software |
| APP nasdaq | 90.9% | 3.68 | Application Software |
| CLBT nasdaq | 90.8% | 2.44 | Application Software |
| CRWD nasdaq | 90.7% | 3.40 | Application Software |
| WDAY nasdaq | 90.5% | 1.35 | Application Software |
| BRZE nasdaq | 90.5% | 4.04 | Application Software |
| INTU nasdaq | 89.5% | 1.66 | Application Software |
| PRO nyse | 89.4% | 1.36 | Application Software |
| TTD nasdaq | 87.7% | -1.89 | Application Software |
| AVPT nasdaq | 87.5% | 0.80 | Application Software |
| PTC nasdaq | 87.2% | 0.36 | Application Software |
| MSTR nasdaq | 87.1% | 5.44 | Application Software |
| CCCS nasdaq | 86.9% | -0.58 | Application Software |
| DT nyse | 86.7% | -0.61 | Application Software |
| HUBS nyse | 85.3% | -1.41 | Application Software |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SOPA nasdaq | -92.0% | -9.05 | Application Software |
| MRIN nasdaq | -90.2% | -8.12 | Application Software |
| APPS nasdaq | -86.2% | -5.84 | Application Software |
| TWKS nasdaq | -82.5% | -7.63 | Application Software |
| MODN nyse | -82.2% | -4.46 | Application Software |
| VERI nasdaq | -81.8% | -6.38 | Application Software |
| GRRR nasdaq | -81.6% | -13.31 | Application Software |
| EXFY nasdaq | -80.8% | -11.56 | Application Software |
| YOU nyse | -80.3% | -2.00 | Application Software |
| LPSN nasdaq | -78.5% | -2.56 | Application Software |
| BL nasdaq | -78.5% | -0.01 | Application Software |
| API nasdaq | -77.8% | -2.44 | Application Software |
| EVBG nasdaq | -72.1% | -2.86 | Application Software |
| ETWO nyse | -71.7% | -4.66 | Application Software |
| ENV nyse | -71.0% | -4.02 | Application Software |
| ARQQ nasdaq | -70.3% | -11.60 | Application Software |
| EGIO nasdaq | -70.2% | -3.06 | Application Software |
| AYX nyse | -69.7% | -0.56 | Application Software |
| UPLD nasdaq | -69.2% | 2.58 | Application Software |
| SMSI nasdaq | -68.6% | -5.80 | Application Software |
| WAVD nasdaq | -67.2% | -7.75 | Application Software |
| RSKD nyse | -66.4% | -2.62 | Application Software |
| DOCU nasdaq | -64.9% | -3.29 | Application Software |
| NOTE nyse | -64.8% | -8.64 | Application Software |
| VRNT nasdaq | -64.2% | -5.47 | Application Software |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| NVDA nasdaq | 97.2% | 0.73 | Semiconductors |
| MSFT nasdaq | 97.2% | 0.11 | Systems Software |
| CDNS nasdaq | 96.9% | 0.31 | Application Software |
| APPF nasdaq | 96.0% | 0.94 | Application Software |
| VNT nyse | 96.0% | -0.12 | Electronic Equipment.. |
| UBER nyse | 95.7% | 3.24 | Passenger Ground Tra.. |
| SNPS nasdaq | 95.5% | 0.74 | Application Software |
| NOW nyse | 95.4% | 1.26 | Systems Software |
| PANW nasdaq | 95.1% | 1.62 | Systems Software |
| AVGO nasdaq | 95.0% | 0.36 | Semiconductors |
| CXM nyse | 95.0% | 0.45 | Application Software |
| FICO nyse | 94.8% | 2.54 | Application Software |
| BSY nasdaq | 94.1% | -0.64 | Application Software |
| LRCX nasdaq | 94.0% | 0.29 | Semiconductor Materi.. |
| PLTR nyse | 93.9% | 0.71 | Systems Software |
| ONTO nyse | 93.8% | 1.26 | Semiconductor Materi.. |
| DAKT nasdaq | 93.3% | 1.87 | Electronic Equipment.. |
| AAPL nasdaq | 93.2% | -0.38 | Technology Hardware,.. |
| SAP nyse | 93.2% | 0.73 | Application Software |
| MDB nasdaq | 92.6% | -0.19 | Internet Services &.. |
| AMAT nasdaq | 92.4% | -0.25 | Semiconductor Materi.. |
| TYL nyse | 92.0% | -0.74 | Application Software |
| RMBS nasdaq | 91.8% | -0.96 | Semiconductors |
| ORCL nyse | 91.8% | -0.36 | Systems Software |
| SMCI nasdaq | 91.7% | -0.08 | Technology Hardware,.. |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SPWR nasdaq | -92.6% | -9.37 | Semiconductors |
| ADTN nasdaq | -92.3% | -5.30 | Communications Equip.. |
| SOPA nasdaq | -92.0% | -9.05 | Application Software |
| NTGR nasdaq | -90.5% | -1.15 | Communications Equip.. |
| G nyse | -90.5% | -1.91 | Data Processing & Ou.. |
| MRIN nasdaq | -90.2% | -8.12 | Application Software |
| ENPH nasdaq | -88.3% | -6.40 | Semiconductor Materi.. |
| INFN nasdaq | -87.9% | -2.07 | Communications Equip.. |
| TTEC nasdaq | -87.8% | -6.71 | Data Processing & Ou.. |
| TIXT nyse | -87.8% | -8.92 | Data Processing & Ou.. |
| COMM nasdaq | -87.8% | -10.31 | Communications Equip.. |
| GDS nasdaq | -87.6% | -2.65 | Data Processing & Ou.. |
| CMBM nasdaq | -87.2% | -14.12 | Communications Equip.. |
| INTZ nasdaq | -86.9% | -16.54 | Systems Software |
| SOL nyse | -86.8% | -4.49 | Construction & Engin.. |
| CNXC nasdaq | -86.5% | -0.23 | Data Processing & Ou.. |
| KULR nyse mkt | -86.5% | -9.59 | Electronic Equipment.. |
| APPS nasdaq | -86.2% | -5.84 | Application Software |
| FARO nasdaq | -86.1% | 0.83 | Electronic Equipment.. |
| CLFD nasdaq | -85.5% | -6.19 | Communications Equip.. |
| PRSO nasdaq | -84.8% | -12.59 | Semiconductors |
| NOK nyse | -84.7% | -3.58 | Communications Equip.. |
| GPRO nasdaq | -84.4% | -2.71 | Consumer Electronics |
| RUN nasdaq | -83.8% | -3.88 | Electrical Component.. |
| CASA nasdaq | -83.1% | -8.48 | Communications Equip.. |