Pair Trades for WOLF (NYSE) - Wolfspeed 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 |
|---|---|---|---|
| MXL nasdaq | 91.1% | -6.12 | Semiconductors |
| PRSO nasdaq | 90.8% | -9.32 | Semiconductors |
| SPWR nasdaq | 90.3% | -10.77 | Semiconductors |
| AMBA nasdaq | 84.7% | -4.73 | Semiconductors |
| SMTC nasdaq | 83.6% | -4.28 | Semiconductors |
| JKS nyse | 81.7% | -3.87 | Semiconductors |
| TSEM nasdaq | 77.9% | -4.90 | Semiconductors |
| HIMX nasdaq | 75.5% | -1.93 | Semiconductors |
| PI nasdaq | 74.6% | -3.19 | Semiconductors |
| SLAB nasdaq | 72.0% | -4.82 | Semiconductors |
| CSIQ nasdaq | 69.0% | -8.67 | Semiconductors |
| TXN nasdaq | 68.3% | -2.41 | Semiconductors |
| SYNA nasdaq | 66.9% | 0.60 | Semiconductors |
| SIMO nasdaq | 63.7% | -1.36 | Semiconductors |
| DIOD nasdaq | 61.9% | -4.41 | Semiconductors |
| FTCI nasdaq | 61.6% | -16.20 | Semiconductors |
| GFS nasdaq | 56.9% | -1.97 | Semiconductors |
| CRUS nasdaq | 52.0% | -1.33 | Semiconductors |
| QRVO nasdaq | 51.3% | -1.75 | Semiconductors |
Sector Anti-Correlations (Top 20)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| NVDA nasdaq | -75.5% | 1.00 | Semiconductors |
| OLED nasdaq | -73.5% | -0.22 | Semiconductors |
| INTC nasdaq | -70.8% | 2.88 | Semiconductors |
| AVGO nasdaq | -70.5% | 0.86 | Semiconductors |
| RMBS nasdaq | -67.5% | -0.78 | Semiconductors |
| AMD nasdaq | -64.7% | -1.32 | Semiconductors |
| ASX nyse | -56.3% | 0.48 | Semiconductors |
| MTSI nasdaq | -38.0% | 2.09 | Semiconductors |
| MRVL nasdaq | -37.0% | -1.98 | Semiconductors |
| NVTS nasdaq | -30.9% | -2.95 | Semiconductors |
| NXPI nasdaq | -30.2% | -0.05 | Semiconductors |
| ON nasdaq | -27.2% | -3.24 | Semiconductors |
| MPWR nasdaq | -27.0% | -0.39 | Semiconductors |
| TSM nyse | -23.0% | -1.47 | Semiconductors |
| SGH nasdaq | -14.4% | -4.35 | Semiconductors |
| UMC nyse | -10.7% | -1.17 | Semiconductors |
| ADI nasdaq | -3.5% | -0.82 | Semiconductors |
| CRDO nasdaq | -3.0% | 2.31 | Semiconductors |
| MCHP nasdaq | 6.0% | -0.48 | Semiconductors |
| LSCC nasdaq | 7.1% | -4.86 | Semiconductors |
| STM nyse | 7.2% | -0.74 | Semiconductors |
| KOPN nasdaq | 7.9% | -2.74 | Semiconductors |
| FSLR nasdaq | 15.3% | -3.88 | Semiconductors |
Overall Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| SUNW nasdaq | 96.2% | -15.73 | Electrical Component.. |
| KULR nyse mkt | 94.5% | -9.07 | Electronic Equipment.. |
| STEM nyse | 94.4% | -7.63 | Electrical Component.. |
| COMM nasdaq | 94.4% | -10.07 | Communications Equip.. |
| RUN nasdaq | 94.4% | -4.82 | Electrical Component.. |
| BMBL nasdaq | 93.9% | -2.92 | Interactive Media &.. |
| TTEC nasdaq | 92.7% | -6.58 | Data Processing & Ou.. |
| GPRO nasdaq | 92.3% | -2.58 | Consumer Electronics |
| SOL nyse | 91.7% | -4.51 | Construction & Engin.. |
| KEYS nyse | 91.5% | -2.92 | Electronic Equipment.. |
| ONDS nasdaq | 91.4% | 3.47 | Electronic Equipment.. |
| MODN nyse | 91.2% | -4.00 | Application Software |
| MXL nasdaq | 91.1% | -6.12 | Semiconductors |
| ADTN nasdaq | 91.0% | -6.18 | Communications Equip.. |
| PRSO nasdaq | 90.8% | -9.32 | Semiconductors |
| AEVA nyse | 90.3% | -9.43 | Automotive Parts & E.. |
| SPWR nasdaq | 90.3% | -10.77 | Semiconductors |
| YOU nyse | 90.1% | -3.06 | Application Software |
| EXFY nasdaq | 89.5% | -11.34 | Application Software |
| WBX nyse | 88.9% | -9.80 | Electronic Equipment.. |
| SANM nasdaq | 88.9% | -2.10 | Electronic Manufactu.. |
| VERI nasdaq | 88.7% | -7.36 | Application Software |
| INTZ nasdaq | 88.4% | -15.43 | Systems Software |
| TASK nasdaq | 88.2% | -0.26 | Data Processing & Ou.. |
| MICS nasdaq | 87.8% | -3.49 | Apparel, Accessories.. |
Overall Anti-Correlations (Top 30)
| Symbol | Correlation | Rel. Perf. | Sector |
|---|---|---|---|
| VERX nasdaq | -86.7% | 1.59 | Application Software |
| RELY nasdaq | -86.6% | 1.19 | Transaction & Paymen.. |
| DAKT nasdaq | -85.6% | 4.80 | Electronic Equipment.. |
| DUOL nasdaq | -82.4% | 2.84 | Education Services |
| MANH nasdaq | -81.3% | 1.04 | Application Software |
| CRWD nasdaq | -80.5% | 1.84 | Application Software |
| GWRE nyse | -79.9% | 0.58 | Application Software |
| APP nasdaq | -79.8% | 3.48 | Application Software |
| CDNS nasdaq | -78.9% | 0.45 | Application Software |
| MSFT nasdaq | -78.3% | 0.23 | Systems Software |
| ANET nyse | -77.6% | 1.39 | Communications Equip.. |
| DELL nyse | -77.4% | 3.31 | Technology Hardware,.. |
| SNPS nasdaq | -77.3% | 0.68 | Application Software |
| VNT nyse | -75.8% | -0.05 | Electronic Equipment.. |
| NVDA nasdaq | -75.5% | 1.00 | Semiconductors |
| ONTO nyse | -75.2% | 1.19 | Semiconductor Materi.. |
| SAP nyse | -74.7% | 0.48 | Application Software |
| CXM nyse | -74.1% | 0.28 | Application Software |
| ROP nasdaq | -73.9% | 0.75 | Industrial Conglomer.. |
| ROP nyse | -73.9% | 0.75 | Industrial Conglomer.. |
| CAMT nasdaq | -73.5% | 6.82 | Semiconductor Materi.. |
| OLED nasdaq | -73.5% | -0.22 | Semiconductors |
| AVPT nasdaq | -73.3% | 1.46 | Application Software |
| PANW nasdaq | -73.3% | 1.34 | Systems Software |
| INTU nasdaq | -73.1% | 1.88 | Application Software |