CIEN Ciena Corporation

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

CIEN vs LITE

Both indexed to 100 at 2026-05-11.

CIEN LITE · range 40–108 · 2026-05-11 → 2026-11-06

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

LITE Lumentum Holdings Inc. Common Stock

ρ +0.70beyond mkt +0.43holdout +0.75stable 100%robust

XTL State Street SPDR S&P Telecom ETF

ρ +0.72beyond mkt +0.42holdout +0.72stable 100%robust

COHR Coherent Corp.

ρ +0.74beyond mkt +0.41holdout +0.78stable 100%robust

IYZ iShares U.S. Telecommunications ETF

ρ +0.65beyond mkt +0.39holdout +0.69stable 100%robust

UFOX ETF Series Solutions Defiance Space and Connective Tech ETF

ρ +0.74beyond mkt +0.37holdout +0.73stable 100%robust

VIAV Viavi Solutions Inc. Common Stock

ρ +0.68beyond mkt +0.37holdout +0.78stable 100%robust

AWK American Water Works Company, Inc

ρ -0.32beyond mkt -0.11holdout -0.38stable 100%robust

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

ρ -0.63beyond mkt -0.11holdout -0.61stable 100%robust

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

ρ -0.42beyond mkt +0.08holdout -0.29stable 100%robust

TAIL Cambria Tail Risk ETF

ρ -0.42beyond mkt +0.06holdout -0.28stable 100%robust

VIXM ProShares VIX Mid-Term Futures ETF

ρ -0.38beyond mkt +0.00holdout -0.22stable 88%robust

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

BINV Brandes International ETF

Δ -0.64recent -0.43prior +0.21beyond mkt +0.07

CHWY Chewy, Inc.

Δ -0.64recent -0.51prior +0.13beyond mkt +0.03

DIVB iShares Core Dividend ETF

Δ -0.62recent -0.37prior +0.25beyond mkt +0.08

GCOW Pacer Global Cash Cows Dividend ETF

Δ -0.61recent -0.52prior +0.09beyond mkt +0.08

PLGO Pelagos Insurance Capital Limited

Δ -0.61recent -0.54prior +0.06beyond mkt +0.05

TPR Tapestry, Inc. Common Stock

Δ -0.60recent -0.26prior +0.34beyond mkt +0.05

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

Symbol	beyond mkt	raw ρ	shared
IYZ iShares U.S. Telecommunications ETF	+0.39	+0.65	5
XTL State Street SPDR S&P Telecom ETF	+0.42	+0.72	9
UFOX ETF Series Solutions Defiance Space and Connective Tech ETF	+0.37	+0.74	10
VIAV Viavi Solutions Inc. Common Stock	+0.37	+0.68	11
LITE Lumentum Holdings Inc. Common Stock	+0.43	+0.70	18
COHR Coherent Corp.	+0.41	+0.74	18