China Yuchai International Ltd. (CYD) — Stock Correlations & Overview
Over the past year, CYD has moved most closely with AADR, QMOM, PRN. Explore the stocks most correlated and inversely correlated with CYD below, along with its price, financials, and company profile.
Stocks correlated with CYD
Correlation of daily returns. Higher positive values move with CYD; negative values move opposite it. Informational only, not investment advice.
Most correlated with CYD
| Symbol | Company | Correlation |
|---|---|---|
| AADR | AdvisorShares Dorsey Wright ADR ETF | 0.50 |
| QMOM | Alpha Architect U.S. Quantitative Momentum ETF | 0.47 |
| PRN | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Industrials Momentum ETF | 0.45 |
| HUMN | Roundhill Humanoid Robotics ETF | 0.45 |
| WQTM | WisdomTree Quantum Computing Fund | 0.45 |
Most inversely correlated with CYD
| Symbol | Company | Correlation |
|---|---|---|
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.38 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.38 |
| EFU | ProShares Trust UltraShort MSCI EAFE | -0.38 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.38 |
| SIJ | ProShares UltraShort Industrials | -0.38 |
Frequently asked questions about CYD correlations
- Which stocks are most correlated with CYD?
- Based on one year of daily returns, the stocks most correlated with China Yuchai International Ltd. (CYD) are AADR (0.50), QMOM (0.47) and PRN (0.45). 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 CYD?
- Over the past year, the stocks most inversely correlated with China Yuchai International Ltd. (CYD) are HIBS (-0.38), SOXS (-0.38) and EFU (-0.38). 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 CYD correlations calculated?
- We compute the correlation of daily returns between CYD 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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