31 Stocks and 69 ETFs for diversifying Allegro Microsystems (ALGM)
The least correlated asset to Allegro Microsystems (ALGM) is ETF JHDG (WISDOMTREE JAPAN HEDGED QUALITY DIVIDEND GROWTH FUND NA). The correlation is -1.
Stocks that lowly correlated with ALGM
| Symbol | Name | Market cap | Sector | Industry | Correlation |
|---|---|---|---|---|---|
| NAMI | Jinxin Technology Holding Company | $34M | Communication Services | Internet Content & Information | -0.60 |
| 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 |
| FIGXU | FIGX Capital Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $35M | Financial Services | Shell Companies | -0.51 |
| LGPS | LogProstyle Inc | $16M | Industrials | Conglomerates | -0.50 |
| AII | American Integrity Insurance Group Inc | $328M | Financial Services | Insurance - Property & Casualty | -0.49 |
| RIBBU | Ribbon Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $56M | Financial Services | Shell Companies | -0.47 |
| LOAR | Loar Holdings Inc | $5.82B | Industrials | Aerospace & Defense | -0.45 |
| GRDN | Guardian Pharmacy Services Inc | $2.49B | Healthcare | Medical Care Facilities | -0.44 |
| QETAR | Quetta Acquisition Corp | $1.33M | N/A | N/A | -0.43 |
| TMDE | TMD Energy Ltd | $18M | Energy | Oil & Gas Midstream | -0.42 |
| PVLA | Palvella Therapeutics Inc | $1.66B | Healthcare | Biotechnology | -0.42 |
| MPTI | M-tron Industries Inc | $368M | Technology | Electronic Components | -0.41 |
| TTAN | ServiceTitan Inc - Class A | $5.85B | Technology | Software - Application | -0.41 |
| INHD | Inno Holdings Inc | $9.59M | Basic Materials | Steel | -0.41 |
| ANNA | AleAnna Inc - Class A | $122M | Energy | Oil & Gas E&p | -0.41 |
| JCAP | Jefferson Capital Inc | $950M | Financial Services | Credit Services | -0.41 |
| PLMKU | Plum Acquisition Corp IV - Units (1 Ord cls A & 1/2 Warr) | $54M | Financial Services | Shell Companies | -0.40 |
| APUS | Apimeds Pharmaceuticals US Inc | $1.82M | Healthcare | Drug Manufacturers - Specialty & Generic | -0.40 |
| HBNB | Hotel101 Global Holdings Corp | $1.36B | Real Estate | Real Estate Services | -0.39 |
| TACH | Titan Acquisition Corp - Class A | $286M | Financial Services | Shell Companies | -0.39 |
| DGNX | Diginex Ltd | $31M | Industrials | Consulting Services | -0.38 |
| MENS | Jyong Biotech Ltd | $164M | Healthcare | Biotechnology | -0.37 |
| IVCPU | AleAnna Inc - Units (1 Ord Share Class A & 1/2 War) | $308M | N/A | N/A | -0.37 |
| CDTG | CDT Environmental Technology Investment Holdings Ltd | $3.77M | Industrials | Waste Management | -0.36 |
| SDHIR | Siddhi Acquisition Corp | $1.38M | N/A | N/A | -0.36 |
| NTWOU | Newbury Street II Acquisition Corp - Units (1 Ord Cls A & 1/2 War) | $183M | Financial Services | Shell Companies | -0.36 |
| WGRX | Wellgistics Health Inc | $7.55M | Healthcare | Pharmaceutical Retailers | -0.35 |
| CHACU | Crane Harbor Acquisition Corp - Units (1 Ord Cls A & 1 Rts) | $72M | Financial Services | Shell Companies | -0.35 |
| WAY | Waystar Holding Corp | $3.65B | Healthcare | Health Information Services | -0.34 |
| AZI | Autozi Internet Technology (Global) Ltd - Class A | $9.05M | Consumer Cyclical | Auto & Truck Dealerships | -0.33 |