Which stocks are most correlated with CAF?

Based on one year of daily returns, the stocks most correlated with MORGAN STANLEY CHINA A SHARE FUND, INC (CAF) are CHAU (0.75), ASHR (0.74) and CNYA (0.73). 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 CAF?

Over the past year, the stocks most inversely correlated with MORGAN STANLEY CHINA A SHARE FUND, INC (CAF) are EEV (-0.50), EUM (-0.50) and FXP (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.

MORGAN STANLEY CHINA A SHARE FUND, INC (CAF) — Stock Correlations & Overview

Over the past year, CAF has moved most closely with CHAU, ASHR, CNYA. Explore the stocks most correlated and inversely correlated with CAF below, along with its price, financials, and company profile.

Stocks correlated with CAF

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

Most correlated with CAF

Symbol	Company	Correlation
CHAU	Direxion Daily CSI 300 China A Share Bull 2X ETF	0.75
ASHR	Xtrackers Harvest CSI 300 China A-Shares ETF	0.74
CNYA	iShares MSCI China A ETF	0.73
KBA	KraneShares Bosera MSCI China A 50 Connect Index ETF	0.71
NBCE	Neuberger China Equity ETF	0.71

Most inversely correlated with CAF

Symbol	Company	Correlation
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.50
EUM	ProShares Trust Short MSCI Emerging Markets	-0.50
FXP	ProShares UltraShort FTSE China 50 of ProShares Trust	-0.50
EDZ	Direxion Daily MSCI Emerging Markets Bear 3X ETF	-0.50
YANG	Direxion Daily FTSE China Bear 3X ETF	-0.49

Frequently asked questions about CAF correlations

Which stocks are most correlated with CAF?: Based on one year of daily returns, the stocks most correlated with MORGAN STANLEY CHINA A SHARE FUND, INC (CAF) are CHAU (0.75), ASHR (0.74) and CNYA (0.73). 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 CAF?: Over the past year, the stocks most inversely correlated with MORGAN STANLEY CHINA A SHARE FUND, INC (CAF) are EEV (-0.50), EUM (-0.50) and FXP (-0.50). 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 CAF correlations calculated?: We compute the correlation of daily returns between CAF 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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