Solowin Holdings Class A Ordinary Share (AXG) — Stock Correlations & Overview
Over the past year, AXG has moved most closely with QNCX, PFSI, GUTS. Explore the stocks most correlated and inversely correlated with AXG below, along with its price, financials, and company profile.
Stocks correlated with AXG
Correlation of daily returns. Higher positive values move with AXG; negative values move opposite it. Informational only, not investment advice.
Most correlated with AXG
| Symbol | Company | Correlation |
|---|---|---|
| QNCX | Quince Therapeutics, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.30 |
| PFSI | PennyMac Financial Services, Inc. Common StockMORTGAGE BANKERS & LOAN CORRESPONDENTS | 0.29 |
| GUTS | Fractyl Health, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.28 |
| CVCO | Cavco Industries Inc.MOBILE HOMES | 0.25 |
| HWKN | Hawkins IncWHOLESALE-CHEMICALS & ALLIED PRODUCTS | 0.25 |
Most inversely correlated with AXG
| Symbol | Company | Correlation |
|---|---|---|
| ANL | Adlai Nortye Group Ltd. American Depositary Shares | -0.26 |
| PHOE | Phoenix Asia Holdings Limited Ordinary Shares | -0.26 |
| TYLD | Cambria Tactical Yield ETF | -0.24 |
| UNG | United States Natural Gas Fund, LP UnitCOMMODITY CONTRACTS BROKERS & DEALERS | -0.22 |
| UNL | United States 12 Month Natural Gas Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | -0.22 |
Frequently asked questions about AXG correlations
- Which stocks are most correlated with AXG?
- Based on one year of daily returns, the stocks most correlated with Solowin Holdings Class A Ordinary Share (AXG) are QNCX (0.30), PFSI (0.29) and GUTS (0.28). 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 AXG?
- Over the past year, the stocks most inversely correlated with Solowin Holdings Class A Ordinary Share (AXG) are ANL (-0.26), PHOE (-0.26) and TYLD (-0.24). 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 AXG correlations calculated?
- We compute the correlation of daily returns between AXG 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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