Which stocks are most correlated with AMTD?

Based on one year of daily returns, the stocks most correlated with AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (AMTD) are HKD (0.46), CABA (0.31) and BHF (0.27). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with AMTD?

Over the past year, the stocks most inversely correlated with AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (AMTD) are TGE (-0.36), RHLD (-0.29) and OSPN (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.

AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (AMTD) — Stock Correlations & Overview

Over the past year, AMTD has moved most closely with HKD, CABA, BHF. Explore the stocks most correlated and inversely correlated with AMTD below, along with its price, financials, and company profile.

Stocks correlated with AMTD

Correlation of daily returns. Higher positive values move with AMTD; negative values move opposite it. Informational only, not investment advice.

Most correlated with AMTD

Symbol	Company	Correlation
HKD	AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares)	0.46
CABA	Cabaletta Bio, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.31
BHF	Brighthouse Financial, Inc.LIFE INSURANCE	0.27
NIHI	NEOS MSCI EAFE High Income ETF	0.27
ILMN	Illumina IncLABORATORY ANALYTICAL INSTRUMENTS	0.27

Most inversely correlated with AMTD

Symbol	Company	Correlation
TGE	The Generation Essentials Group	-0.36
RHLD	Resolute Holdings Management, Inc.FINANCE SERVICES	-0.29
OSPN	OneSpan Inc. Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN	-0.28
MOLN	Molecular Partners AG American Depositary Shares	-0.24
ZYBT	Zhengye Biotechnology Holding Limited Class A Ordinary Shares	-0.22

Frequently asked questions about AMTD correlations

Which stocks are most correlated with AMTD?: Based on one year of daily returns, the stocks most correlated with AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (AMTD) are HKD (0.46), CABA (0.31) and BHF (0.27). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with AMTD?: Over the past year, the stocks most inversely correlated with AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares (AMTD) are TGE (-0.36), RHLD (-0.29) and OSPN (-0.28). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these AMTD correlations calculated?: We compute the correlation of daily returns between AMTD and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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