EHang Holdings Limited ADS (EH) — Stock Correlations & Overview
Over the past year, EH has moved most closely with HAIL, ARKQ, WQTM. Explore the stocks most correlated and inversely correlated with EH below, along with its price, financials, and company profile.
Stocks correlated with EH
Correlation of daily returns. Higher positive values move with EH; negative values move opposite it. Informational only, not investment advice.
Most correlated with EH
| Symbol | Company | Correlation |
|---|---|---|
| HAIL | State Street SPDR S&P Kensho Smart Mobility ETF | 0.59 |
| ARKQ | ARK Autonomous Technology & Robotics ETF | 0.58 |
| WQTM | WisdomTree Quantum Computing Fund | 0.57 |
| KOMP | State Street SPDR S&P Kensho New Economies Composite ETF | 0.56 |
| QTUM | Defiance Quantum ETF | 0.56 |
Most inversely correlated with EH
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.54 |
| PSQ | ProShares Short QQQ | -0.51 |
| QID | ProShares UltraShort QQQ | -0.51 |
| SQQQ | ProShares UltraPro Short QQQ | -0.51 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.51 |
Frequently asked questions about EH correlations
- Which stocks are most correlated with EH?
- Based on one year of daily returns, the stocks most correlated with EHang Holdings Limited ADS (EH) are HAIL (0.59), ARKQ (0.58) and WQTM (0.57). 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 EH?
- Over the past year, the stocks most inversely correlated with EHang Holdings Limited ADS (EH) are SARK (-0.54), PSQ (-0.51) and QID (-0.51). 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 EH correlations calculated?
- We compute the correlation of daily returns between EH 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.