Least-correlated names to AAPL
The names in a liquid mega-cap universe with the lowest return correlation to AAPL, from approximately two years of daily returns, ranked least correlated first. A negative correlation means the name has tended to move opposite AAPL in this window. Correlations typically rise toward 1 in stress periods; a low correlation measured in a calm window may not hold under stress. Candidates without a computable correlation are excluded and counted in the coverage figure.
| Open | ||||
|---|---|---|---|---|
| UNH | -0.01 | +0.10 | -0.01 | ChartPairCompare |
| KO | +0.13 | +0.20 | 0.21 | ChartPairCompare |
| XOM | +0.14 | -0.06 | 0.16 | ChartPairCompare |
| INTC | +0.17 | +0.06 | 0.06 | ChartPairCompare |
| CVX | +0.18 | -0.03 | 0.21 | ChartPairCompare |
| PEP | +0.21 | +0.33 | 0.27 | ChartPairCompare |
| AVGO | +0.24 | -0.01 | 0.13 | ChartPairCompare |
| NFLX | +0.25 | +0.38 | 0.21 | ChartPairCompare |
Pearson correlation of daily log-returns over ~2 years (and a recent 63-day window), sorted least-correlated first; column headers sort. AAPL is excluded. β on AAPL: slope of the name's daily log-return on AAPL's over the full window. Correlation ranges from −1 to +1. Your decisions, your risk.