CN Energy Group Inc. Class A Ordinary Shares (CNEY) — Stock Correlations & Overview
Over the past year, CNEY has moved most closely with INM, NXXT, LEDS. Explore the stocks most correlated and inversely correlated with CNEY below, along with its price, financials, and company profile.
Stocks correlated with CNEY
Correlation of daily returns. Higher positive values move with CNEY; negative values move opposite it. Informational only, not investment advice.
Most correlated with CNEY
| Symbol | Company | Correlation |
|---|---|---|
| INM | InMed Pharmaceuticals Inc. Common SharesPHARMACEUTICAL PREPARATIONS | 0.44 |
| NXXT | NextNRG, Inc. Common StockRETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.28 |
| LEDS | SemiLEDS CorporationSEMICONDUCTORS & RELATED DEVICES | 0.27 |
| AMST | Amesite Inc.SERVICES-PREPACKAGED SOFTWARE | 0.26 |
| NXTC | NextCure, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.23 |
Most inversely correlated with CNEY
| Symbol | Company | Correlation |
|---|---|---|
| ONCO | Onconetix, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.28 |
| EBF | Ennis, Inc.MANIFOLD BUSINESS FORMS | -0.26 |
| NRIM | Northrim BanCorp IncSAVINGS INSTITUTION, FEDERALLY CHARTERED | -0.25 |
| JYD | Jayud Global Logistics Limited Class A Ordinary Shares | -0.24 |
| GSBC | Great Southern Bancorp IncSTATE COMMERCIAL BANKS | -0.24 |
Frequently asked questions about CNEY correlations
- Which stocks are most correlated with CNEY?
- Based on one year of daily returns, the stocks most correlated with CN Energy Group Inc. Class A Ordinary Shares (CNEY) are INM (0.44), NXXT (0.28) and LEDS (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 CNEY?
- Over the past year, the stocks most inversely correlated with CN Energy Group Inc. Class A Ordinary Shares (CNEY) are ONCO (-0.28), EBF (-0.26) and NRIM (-0.25). 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 CNEY correlations calculated?
- We compute the correlation of daily returns between CNEY 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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