51Talk Online Education Group American Depositary Shares, each representing sixty (60) Class A Ordinary Shares (COE) — Stock Correlations & Overview
Over the past year, COE has moved most closely with QQQX, AUGW, FRSX. Explore the stocks most correlated and inversely correlated with COE below, along with its price, financials, and company profile.
Stocks correlated with COE
Correlation of daily returns. Higher positive values move with COE; negative values move opposite it. Informational only, not investment advice.
Most correlated with COE
| Symbol | Company | Correlation |
|---|---|---|
| QQQX | Nuveen NASDAQ 100 Dynamic Overwrite Fund - Shares of Beneficial Interest | 0.32 |
| AUGW | AllianzIM U.S. Equity Buffer20 Aug ETF | 0.32 |
| FRSX | Foresight Autonomous Holdings Ltd. American Depositary Shares | 0.30 |
| SQMX | FT Vest U.S. Equity Quarterly Max Buffer ETF | 0.28 |
| JCE | Nuveen Core Equity Alpha Fund | 0.28 |
Most inversely correlated with COE
| Symbol | Company | Correlation |
|---|---|---|
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.26 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.23 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.23 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.22 |
| SAJ | Saratoga Investment Corp. 8.00% Notes due 2027 | -0.22 |
Frequently asked questions about COE correlations
- Which stocks are most correlated with COE?
- Based on one year of daily returns, the stocks most correlated with 51Talk Online Education Group American Depositary Shares, each representing sixty (60) Class A Ordinary Shares (COE) are QQQX (0.32), AUGW (0.32) and FRSX (0.30). 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 COE?
- Over the past year, the stocks most inversely correlated with 51Talk Online Education Group American Depositary Shares, each representing sixty (60) Class A Ordinary Shares (COE) are QQQD (-0.26), QQDN (-0.23) and SPDN (-0.23). 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 COE correlations calculated?
- We compute the correlation of daily returns between COE 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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