Addentax Group Corp. Common Stock (ATXG) — Stock Correlations & Overview
Over the past year, ATXG has moved most closely with CPHC, EU, AUST. Explore the stocks most correlated and inversely correlated with ATXG below, along with its price, financials, and company profile.
Stocks correlated with ATXG
Correlation of daily returns. Higher positive values move with ATXG; negative values move opposite it. Informational only, not investment advice.
Most correlated with ATXG
| Symbol | Company | Correlation |
|---|---|---|
| CPHC | Canterbury Park Holding Corporation 'New' Common StockSERVICES-RACING, INCLUDING TRACK OPERATION | 0.31 |
| EU | enCore Energy Corp.MISCELLANEOUS METAL ORES | 0.27 |
| AUST | Austin Gold Corp. | 0.27 |
| GOEX | Global X Gold Explorers ETF (NEW) | 0.26 |
| AUMI | Themes Gold Miners ETF | 0.25 |
Most inversely correlated with ATXG
| Symbol | Company | Correlation |
|---|---|---|
| JDST | Direxion Daily Junior Gold Miners Index Bear 2X ETF | -0.23 |
| GDXD | MicroSectors Gold Miners -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.22 |
| DUST | Direxion Daily Gold Miners Index Bear 2X ETF | -0.22 |
| TKLF | Tokyo Lifestyle Co., Ltd. American Depositary Shares | -0.20 |
| OMSE | OMS Energy Technologies Inc. Ordinary Shares | -0.20 |
Frequently asked questions about ATXG correlations
- Which stocks are most correlated with ATXG?
- Based on one year of daily returns, the stocks most correlated with Addentax Group Corp. Common Stock (ATXG) are CPHC (0.31), EU (0.27) and AUST (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 ATXG?
- Over the past year, the stocks most inversely correlated with Addentax Group Corp. Common Stock (ATXG) are JDST (-0.23), GDXD (-0.22) and DUST (-0.22). 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 ATXG correlations calculated?
- We compute the correlation of daily returns between ATXG 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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