34 Stocks and 66 ETFs for diversifying Allegro Microsystems (ALGM)
The least correlated asset to Allegro Microsystems (ALGM) is ETF XCOM (Ultra Communication Services Select Sector ETF). The correlation is -0.9955.
Stocks that lowly correlated with ALGM
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| LIONU | Lionheart III Corp - Units (1 Ord Share Class A & 1/2 War) | $113M | N/A | N/A | -0.57 |
| RNERU | Mount Rainier Acquisition Corp - Unit (1 Ordinary share & 1 Wrt) | $125M | N/A | N/A | -0.52 |
| AII | American Integrity Insurance Group Inc | $358M | Financial Services | Insurance - Property & Casualty | -0.52 |
| NAMI | Jinxin Technology Holding Company | $7.41M | Communication Services | Internet Content & Information | -0.52 |
| ORIQU | Origin Investment Corp I - Units (1 Ord Cls & 1/2 War) | $22M | Financial Services | Shell Companies | -0.51 |
| SOCAU | Solarius Capital Acquisition Corp Units | $179M | Financial Services | Shell Companies | -0.49 |
| LHAI | Linkhome Holdings Inc | $19M | Real Estate | Real Estate Services | -0.49 |
| LGPS | LogProstyle Inc | $26M | Industrials | Conglomerates | -0.48 |
| QETAR | Quetta Acquisition Corp | $1.43M | N/A | N/A | -0.46 |
| EMPG | Empro Group Inc | $139M | Healthcare | Medical Distribution | -0.46 |
| JCAP | Jefferson Capital Inc | $1.06B | Financial Services | Credit Services | -0.45 |
| PVLA | Palvella Therapeutics Inc | $2.18B | Healthcare | Biotechnology | -0.44 |
| TMDE | TMD Energy Ltd | $21M | Energy | Oil & Gas Midstream | -0.43 |
| ANNA | AleAnna Inc - Class A | $131M | Energy | Oil & Gas E&p | -0.41 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.41 |
| OFSSO | OFS Capital Corp | $341M | N/A | N/A | -0.41 |
| APAD | Enhanced Group Inc - Class A | $161M | Financial Services | Shell Companies | -0.40 |
| HBNB | Hotel101 Global Holdings Corp | $1.31B | Real Estate | Real Estate Services | -0.40 |
| APADU | A Paradise Acquisition Corp Unit | $67M | Financial Services | Shell Companies | -0.40 |
| PLMKU | Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr) | $213M | Financial Services | Shell Companies | -0.40 |
| DGNX | Diginex Ltd | $28M | Industrials | Consulting Services | -0.39 |
| GRDN | Guardian Pharmacy Services Inc | $2.54B | Healthcare | Medical Care Facilities | -0.38 |
| MENS | Jyong Biotech Ltd | $174M | Healthcare | Biotechnology | -0.38 |
| LOAR | Loar Holdings Inc | $6.61B | Industrials | Aerospace & Defense | -0.38 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.38 |
| IVCPU | AleAnna Inc - Units (1 Ord Share Class A & 1/2 War) | $308M | N/A | N/A | -0.37 |
| MPTI | M-tron Industries Inc | $340M | Technology | Electronic Components | -0.37 |
| BBOT | BridgeBio Oncology Therapeutics Inc Com | $674M | Healthcare | Biotechnology | -0.37 |
| TTAN | ServiceTitan Inc - Class A | $7.44B | Technology | Software - Application | -0.37 |
| WGRX | Wellgistics Health Inc | $6.79M | Healthcare | Pharmaceutical Retailers | -0.36 |
| PLBL | Polibeli Group Ltd | $2.84B | Consumer Cyclical | Department Stores | -0.36 |
| MAMK | MaxsMaking Inc - Class A | $195M | Industrials | Conglomerates | -0.36 |
| CHACU | Crane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $72M | Financial Services | Shell Companies | -0.35 |
| NTWOU | Newbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $184M | Financial Services | Shell Companies | -0.34 |