Pair Trades for IOT - Samsara

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. Str. Sector
BOX nyse 88.2% 7.23 Application Software
CLBT nasdaq 87.9% 799.51 Application Software
GWRE nyse 87.9% 216.90 Application Software
QTWO nyse 87.4% 537.13 Application Software
ACIW nasdaq 86.9% 339.81 Application Software
SSNC nasdaq 85.2% 68.91 Application Software
BLND nyse 84.3% 148.56 Application Software
AZPN nasdaq 83.7% 29.33 Application Software
PEGA nasdaq 83.7% 572.77 Application Software
TTD nasdaq 83.6% 359.95 Application Software
GBTG nyse 83.4% 232.57 Application Software
SAP nyse 83.2% 265.72 Application Software
AVPT nasdaq 83.0% 572.39 Application Software
CWAN nyse 82.8% 172.77 Application Software
AUR nasdaq 82.5% 522.41 Application Software
APP nasdaq 81.9% 3899.60 Application Software
MNDY nasdaq 81.3% 11.77 Application Software
GRND nyse 81.3% 438.69 Application Software
ZETA nyse 80.9% 419.61 Application Software
YOU nyse 80.3% 110.40 Application Software
ALKT nasdaq 80.1% 145.04 Application Software
GEN nasdaq 79.8% 11.17 Application Software
VERX nasdaq 79.1% 607.84 Application Software
VMEO nasdaq 77.5% 298.63 Application Software
MANH nasdaq 77.5% 26.75 Application Software

Sector Anti-Correlations (Top 20)

Symbol Correlation Rel. Str. Sector
RZLV nasdaq -86.8% -529 Application Software
AILE nasdaq -83.0% -515 Application Software
RMNI nasdaq -79.0% -190 Application Software
PET nasdaq -76.0% -602 Application Software
SMRT nyse -74.9% -410 Application Software
TGL nasdaq -72.0% -661 Application Software
NRDY nyse -71.6% -375 Application Software
PRO nyse -71.5% -329 Application Software
MITK nasdaq -70.2% -213 Application Software
REKR nasdaq -68.9% -424 Application Software
MYSZ nasdaq -68.9% -260 Application Software
FIVN nasdaq -68.8% -408 Application Software
CXM nyse -67.3% -278 Application Software
ESTC nyse -66.3% -207 Application Software
PD nyse -65.9% -270 Application Software
SPT nasdaq -65.8% -383 Application Software
MQ nasdaq -65.4% -330 Application Software
HUBC nasdaq -64.1% -405 Application Software
APCX nasdaq -63.5% -505 Application Software
CYN nasdaq -62.0% -654 Application Software
BRZE nasdaq -60.6% -214 Application Software
DV nyse -59.9% -401 Application Software
INUV nyse mkt -58.5% -36.2 Application Software
AVDX nasdaq -58.4% -134 Application Software
VRNT nasdaq -58.4% -195 Application Software

Overall Correlations (Top 30)

Symbol Correlation Rel. Str. Sector
FI nyse 90.2% 181 Internet Services &..
ADP nasdaq 90.0% 53.3 Human Resource & Emp..
EXLS nasdaq 89.2% 83.3 Data Processing & Ou..
NOW nyse 89.0% 146 Systems Software
PAYX nasdaq 88.8% -2.58 Human Resource & Emp..
BOX nyse 88.2% 7.23 Application Software
GDS nasdaq 88.1% 1193 Data Processing & Ou..
CLBT nasdaq 87.9% 800 Application Software
GWRE nyse 87.9% 217 Application Software
PLTR nyse 87.5% 1685 Systems Software
PAYO nasdaq 87.4% 263 Transaction & Paymen..
QTWO nyse 87.4% 537 Application Software
ACIW nasdaq 86.9% 340 Application Software
FFIV nasdaq 86.6% 44 Communications Equip..
PLXS nasdaq 86.6% 296 Electronic Manufactu..
ZBRA nasdaq 86.6% 244 Electronic Equipment..
MSI nyse 86.4% 42 Communications Equip..
ORCL nyse 85.9% 178 Systems Software
IT nyse 85.6% -40.9 IT Consulting & Othe..
PSN nyse 85.5% 32.8 Aerospace & Defense
NEON nasdaq 85.3% 1597 Electronic Manufactu..
SSNC nasdaq 85.2% 68.9 Application Software
IDCC nasdaq 84.6% 99.5 Communications Equip..
BLND nyse 84.3% 149 Application Software
NTGR nasdaq 84.2% 186 Communications Equip..

Overall Anti-Correlations (Top 30)

Symbol Correlation Rel. Str. Sector
RZLV nasdaq -86.8% -529 Application Software
AILE nasdaq -83.0% -515 Application Software
STM nyse -82.4% -215 Semiconductors
AVNW nasdaq -80.3% -221 Communications Equip..
RMNI nasdaq -79.0% -190 Application Software
VSH nyse -78.7% -250 Electronic Component..
ARRY nasdaq -77.6% -296 Electrical Component..
INDI nasdaq -77.6% -206 Semiconductors
CRSR nasdaq -76.8% -329 Technology Hardware,..
WOLF nyse -76.2% -316 Semiconductors
COHU nasdaq -76.0% -276 Semiconductor Materi..
PET nasdaq -76.0% -602 Application Software
WLDS nasdaq -75.5% -343 Apparel, Accessories..
SMRT nyse -74.9% -410 Application Software
GFS nasdaq -74.6% -170 Semiconductors
NVTS nasdaq -73.4% -231 Semiconductors
ALGM nasdaq -72.3% -169 Semiconductor Materi..
TGL nasdaq -72.0% -661 Application Software
EB nyse -71.7% -275 Interactive Media &..
ACLS nasdaq -71.7% -379 Semiconductor Materi..
BMBL nasdaq -71.6% -243 Interactive Media &..
NRDY nyse -71.6% -375 Application Software
PRO nyse -71.5% -329 Application Software
SYNA nasdaq -70.9% -169 Semiconductors
PAGS nyse -70.8% -304 Data Processing & Ou..