Which stocks are most correlated with DOYU?

Based on one year of daily returns, the stocks most correlated with DouYu International Holdings Limited ADS (DOYU) are CNNE (0.36), MUSQ (0.36) and SAGP (0.35). 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 DOYU?

Over the past year, the stocks most inversely correlated with DouYu International Holdings Limited ADS (DOYU) are CRCD (-0.31), TWM (-0.31) and RWM (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

DouYu International Holdings Limited ADS (DOYU) — Stock Correlations & Overview

Over the past year, DOYU has moved most closely with CNNE, MUSQ, SAGP. Explore the stocks most correlated and inversely correlated with DOYU below, along with its price, financials, and company profile.

Stocks correlated with DOYU

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

Most correlated with DOYU

Symbol	Company	Correlation
CNNE	Cannae Holdings, Inc. Common StockRETAIL-EATING & DRINKING PLACES	0.36
MUSQ	MUSQ Global Music Industry Index ETF	0.36
SAGP	Strategas Global Policy Opportunities ETF	0.35
FFND	One Global ETF	0.35
ANEW	ProShares MSCI Transformational Changes ETF	0.35

Most inversely correlated with DOYU

Symbol	Company	Correlation
CRCD	T-REX 2X Inverse CRCL Daily Target ETF	-0.31
TWM	ProShares UltraShort Russell2000	-0.31
RWM	ProShares Short Russell2000	-0.30
SBB	ProShares Short SmallCap600	-0.30
SRTY	ProShares UltraPro Short Russell2000	-0.30

Frequently asked questions about DOYU correlations

Which stocks are most correlated with DOYU?: Based on one year of daily returns, the stocks most correlated with DouYu International Holdings Limited ADS (DOYU) are CNNE (0.36), MUSQ (0.36) and SAGP (0.35). 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 DOYU?: Over the past year, the stocks most inversely correlated with DouYu International Holdings Limited ADS (DOYU) are CRCD (-0.31), TWM (-0.31) and RWM (-0.30). 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 DOYU correlations calculated?: We compute the correlation of daily returns between DOYU 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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