ADTN ADTRAN Holdings, Inc. Common Stock

Last close: 4.04
504-day return: -34.63%
Median $/day: $10.9M
Relationships shown: 14
Leader rank: #388

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

ADTN vs XTL

Both indexed to 100 at 2026-05-11.

ADTN XTL · range 26–124 · 2026-05-11 → 2026-11-06

Follows ADTN

These tend to repeat ADTN's moves later.

SRV NXG Cushing Midstream Energy Fund

lag 1dρ +0.21holdout +0.35stable 75%$/day $1.6Mrobust

Moves with ADTN

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

XTL State Street SPDR S&P Telecom ETF

ρ +0.65beyond mkt +0.38holdout +0.71stable 100%robust

HLIT Harmonic Inc. Common Stock

ρ +0.55beyond mkt +0.31holdout +0.64stable 100%robust

CALX CALIX, INC.

ρ +0.46beyond mkt +0.30holdout +0.32stable 100%robust

EXTR Extreme Networks, Inc. Common Stock

ρ +0.52beyond mkt +0.26holdout +0.53stable 100%robust

AAOI Applied Optoelectronics, Inc. Common Stock

ρ +0.53beyond mkt +0.25holdout +0.65stable 100%robust

VIAV Viavi Solutions Inc. Common Stock

ρ +0.54beyond mkt +0.25holdout +0.61stable 100%robust

Moves against ADTN

TAIL Cambria Tail Risk ETF

ρ -0.33beyond mkt +0.07holdout -0.22stable 88%robust

BTAL AGF U.S. Market Neutral Anti-Beta Fund

ρ -0.53beyond mkt -0.05holdout -0.51stable 100%robust

VXX iPath Series B S&P 500 VIX Short-Term Futures ETN

ρ -0.38beyond mkt +0.04holdout -0.22stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.33beyond mkt +0.02holdout -0.12stable 75%moderate

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

PPLI People Incorporated Common Stock

horizon 10dρ +0.36holdout +0.42stable 75%robust

LRN Stride, Inc.

horizon 10dρ +0.36holdout +0.42stable 50%moderate

LAZR Tema Photonics & Optical ETF

horizon 5dρ +0.30holdout +0.25stable 62%moderate

Changed this quarter

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

ACIW ACI Worldwide, Inc. Common Stock

Δ -0.53recent -0.34prior +0.20beyond mkt +0.07

INTA Intapp, Inc. Common Stock

Δ -0.50recent -0.34prior +0.16beyond mkt +0.04

LAZR Tema Photonics & Optical ETF

Δ +0.50recent +0.69prior +0.19beyond mkt -0.01

CLVT Clarivate Plc

Δ -0.50recent -0.42prior +0.08beyond mkt -0.04

RELX RELX PLC

Δ -0.49recent -0.44prior +0.05beyond mkt +0.03

EXLS ExlService Holdings, Inc. Common Stock

Δ -0.49recent -0.39prior +0.10beyond mkt +0.09

Hidden links

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared	isolation
XTL State Street SPDR S&P Telecom ETF	+0.38	+0.65	13