New Oriental Education and Technology Group, Inc. American Depositary Shares (each representing ten (10) Common Shares) (EDU) — Stock Correlations & Overview
Over the past year, EDU has moved most closely with PGJ, TAL, CHIQ. Explore the stocks most correlated and inversely correlated with EDU below, along with its price, financials, and company profile.
Stocks correlated with EDU
Correlation of daily returns. Higher positive values move with EDU; negative values move opposite it. Informational only, not investment advice.
Most correlated with EDU
| Symbol | Company | Correlation |
|---|---|---|
| PGJ | Invesco Golden Dragon China ETF | 0.48 |
| TAL | TAL Education Group | 0.47 |
| CHIQ | Global X MSCI China Consumer Discretionary ETF | 0.46 |
| CWEB | Direxion Daily CSI China Internet Index Bull 2X ETF | 0.45 |
| MAGC | Roundhill China Magnificent Seven ETF | 0.45 |
Most inversely correlated with EDU
| Symbol | Company | Correlation |
|---|---|---|
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.41 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.41 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.40 |
| DAAQ | Digital Asset Acquisition Corp. Class A Ordinary sharesSTATE COMMERCIAL BANKS | -0.29 |
| PSN | Parsons CorporationSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | -0.24 |
Frequently asked questions about EDU correlations
- Which stocks are most correlated with EDU?
- Based on one year of daily returns, the stocks most correlated with New Oriental Education and Technology Group, Inc. American Depositary Shares (each representing ten (10) Common Shares) (EDU) are PGJ (0.48), TAL (0.47) and CHIQ (0.46). 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 EDU?
- Over the past year, the stocks most inversely correlated with New Oriental Education and Technology Group, Inc. American Depositary Shares (each representing ten (10) Common Shares) (EDU) are YXI (-0.41), YANG (-0.41) and FXP (-0.40). 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 EDU correlations calculated?
- We compute the correlation of daily returns between EDU 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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