Pair Trades for QLYS (NASDAQ) - Qualys 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 |
|---|---|---|---|
| VRNS nasdaq | 91.1% | 3.28 | Systems Software |
| CYBR nasdaq | 89.5% | 1.12 | Systems Software |
| ZS nasdaq | 85.1% | 2.57 | Systems Software |
| NOW nyse | 84.9% | 0.90 | Systems Software |
| PLTR nyse | 83.4% | 2.15 | Systems Software |
| PANW nasdaq | 80.5% | 1.34 | Systems Software |
| CHKP nasdaq | 79.0% | 0.38 | Systems Software |
| VMW nyse | 78.3% | -0.32 | Systems Software |
| MSFT nasdaq | 76.2% | 0.23 | Systems Software |
| ORCL nyse | 68.7% | -0.07 | Systems Software |
| RPD nasdaq | 58.1% | -0.20 | Systems Software |
| PATH nyse | 57.2% | 0.27 | Systems Software |
| PGY nasdaq | 53.9% | 0.45 | Systems Software |
| CVLT nasdaq | 50.6% | -0.78 | Systems Software |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| INTZ nasdaq | -74.1% | -15.43 | Systems Software |
| ATEN nyse | -60.5% | -3.07 | Systems Software |
| OSPN nasdaq | -58.3% | -5.06 | Systems Software |
| TLS nasdaq | -41.0% | 1.13 | Systems Software |
| CRNC nasdaq | -38.8% | -5.90 | Systems Software |
| BILL nyse | -13.0% | -5.38 | Systems Software |
| FTNT nasdaq | -5.0% | -3.74 | Systems Software |
| BB nyse | -2.9% | -4.75 | Systems Software |
| LSPD nyse | 0.8% | 1.08 | Systems Software |
| ZUO nyse | 16.0% | -3.27 | Systems Software |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| CLS nyse | 94.7% | 6.43 | Electronic Manufactu.. |
| CAMT nasdaq | 94.2% | 6.82 | Semiconductor Materi.. |
| PSN nyse | 93.9% | 2.44 | Aerospace & Defense |
| DAKT nasdaq | 93.7% | 4.80 | Electronic Equipment.. |
| ANET nyse | 93.1% | 1.39 | Communications Equip.. |
| CRWD nasdaq | 92.8% | 1.84 | Application Software |
| DELL nyse | 92.6% | 3.31 | Technology Hardware,.. |
| INTU nasdaq | 92.3% | 1.88 | Application Software |
| INFA nyse | 92.1% | 2.67 | Application Software |
| APP nasdaq | 91.1% | 3.48 | Application Software |
| VRNS nasdaq | 91.1% | 3.28 | Systems Software |
| ADBE nasdaq | 90.4% | 2.95 | Application Software |
| JBL nyse | 90.1% | 2.49 | Electronic Manufactu.. |
| SNPS nasdaq | 89.9% | 0.68 | Application Software |
| CYBR nasdaq | 89.5% | 1.12 | Systems Software |
| ONTO nyse | 89.0% | 1.19 | Semiconductor Materi.. |
| AVPT nasdaq | 88.8% | 1.46 | Application Software |
| INTC nasdaq | 88.5% | 2.88 | Semiconductors |
| SPLK nasdaq | 88.4% | 3.04 | Application Software |
| BR nyse | 88.1% | 1.16 | Data Processing & Ou.. |
| BRZE nasdaq | 88.0% | 4.07 | Application Software |
| ROP nasdaq | 87.0% | 0.75 | Industrial Conglomer.. |
| ROP nyse | 87.0% | 0.75 | Industrial Conglomer.. |
| NTNX nasdaq | 86.9% | 2.15 | Application Software |
| ACMR nasdaq | 86.6% | 4.08 | Semiconductor Materi.. |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SEDG nasdaq | -92.3% | -14.65 | Semiconductor Materi.. |
| TSEM nasdaq | -90.6% | -4.90 | Semiconductors |
| TGL nasdaq | -90.0% | -21.04 | Application Software |
| EXFY nasdaq | -89.3% | -11.34 | Application Software |
| TIXT nyse | -88.7% | -9.18 | Data Processing & Ou.. |
| TWKS nasdaq | -87.2% | -8.29 | Application Software |
| SOL nyse | -86.2% | -4.51 | Construction & Engin.. |
| AKTS nasdaq | -86.1% | -17.15 | Electronic Component.. |
| KNW nyse mkt | -84.2% | -11.74 | Electronic Equipment.. |
| TTEC nasdaq | -83.4% | -6.58 | Data Processing & Ou.. |
| ENV nyse | -83.2% | -4.72 | Application Software |
| MODN nyse | -83.1% | -4.00 | Application Software |
| CSIQ nasdaq | -82.5% | -8.67 | Semiconductors |
| ZI nasdaq | -82.4% | -6.84 | Interactive Media &.. |
| APPS nasdaq | -82.3% | -7.89 | Application Software |
| COMM nasdaq | -82.1% | -10.07 | Communications Equip.. |
| SPWR nasdaq | -81.6% | -10.77 | Semiconductors |
| DQ nyse | -81.5% | -5.46 | Semiconductor Materi.. |
| SOPA nasdaq | -81.3% | -10.65 | Application Software |
| VRNT nasdaq | -80.8% | -4.90 | Application Software |
| JKS nyse | -80.4% | -3.87 | Semiconductors |
| MXL nasdaq | -80.1% | -6.12 | Semiconductors |
| GPRO nasdaq | -79.9% | -2.58 | Consumer Electronics |
| DDD nyse | -79.5% | -5.17 | Industrial Machinery.. |
| SONO nasdaq | -79.1% | -1.29 | Consumer Electronics |