Which stocks are most correlated with CAAS?

Based on one year of daily returns, the stocks most correlated with China Automotive Systems, Inc. Ordinary Share (CAAS) are STEP (0.23), CLRB (0.23) and ABCL (0.23). 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 CAAS?

Over the past year, the stocks most inversely correlated with China Automotive Systems, Inc. Ordinary Share (CAAS) are ZEO (-0.20), LWAY (-0.20) and PCGpX (-0.19). A negative correlation means the two stocks have tended to move in opposite directions.

China Automotive Systems, Inc. Ordinary Share (CAAS) — Stock Correlations & Overview

Over the past year, CAAS has moved most closely with STEP, CLRB, ABCL. Explore the stocks most correlated and inversely correlated with CAAS below, along with its price, financials, and company profile.

Stocks correlated with CAAS

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

Most correlated with CAAS

Symbol	Company	Correlation
STEP	StepStone Group Inc. Class A Common StockINVESTMENT ADVICE	0.23
CLRB	Cellectar Biosciences INC NEWPHARMACEUTICAL PREPARATIONS	0.23
ABCL	AbCellera Biologics Inc. Common SharesPHARMACEUTICAL PREPARATIONS	0.23
MCN	XAI Madison Equity Premium Income Fund	0.23
KRO	Kronos Worldwide, Inc.INDUSTRIAL INORGANIC CHEMICALS	0.23

Most inversely correlated with CAAS

Symbol	Company	Correlation
ZEO	Zeo Energy Corporation Class A Common StockCONSTRUCTION - SPECIAL TRADE CONTRACTORS	-0.20
LWAY	Lifeway Foods IncDAIRY PRODUCTS	-0.20
PCGpX	PG&E Corporation 6.000% Series A Mandatory Convertible Preferred StockELECTRIC & OTHER SERVICES COMBINED	-0.19
EIX	Edison InternationalELECTRIC SERVICES	-0.18
ANGX	Angel Studios, Inc.SERVICES-MOTION PICTURE & VIDEO TAPE PRODUCTION	-0.18

Frequently asked questions about CAAS correlations

Which stocks are most correlated with CAAS?: Based on one year of daily returns, the stocks most correlated with China Automotive Systems, Inc. Ordinary Share (CAAS) are STEP (0.23), CLRB (0.23) and ABCL (0.23). 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 CAAS?: Over the past year, the stocks most inversely correlated with China Automotive Systems, Inc. Ordinary Share (CAAS) are ZEO (-0.20), LWAY (-0.20) and PCGpX (-0.19). 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 CAAS correlations calculated?: We compute the correlation of daily returns between CAAS 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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