Which stocks are most correlated with ELPW?

Based on one year of daily returns, the stocks most correlated with Elong Power Holding Limited Class A Ordinary Shares (ELPW) are PHOE (0.76), INLF (0.42) and TPST (0.41). 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 ELPW?

Over the past year, the stocks most inversely correlated with Elong Power Holding Limited Class A Ordinary Shares (ELPW) are KXIN (-0.48), PFSI (-0.46) and RITMpE (-0.40). A negative correlation means the two stocks have tended to move in opposite directions.

Elong Power Holding Limited Class A Ordinary Shares (ELPW) — Stock Correlations & Overview

Over the past year, ELPW has moved most closely with PHOE, INLF, TPST. Explore the stocks most correlated and inversely correlated with ELPW below, along with its price, financials, and company profile.

Stocks correlated with ELPW

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

Most correlated with ELPW

Symbol	Company	Correlation
PHOE	Phoenix Asia Holdings Limited Ordinary Shares	0.76
INLF	INLIF LIMITED Class A Ordinary Shares	0.42
TPST	Tempest Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS	0.41
VIVS	VivoSim Labs, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.39
SPME	Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030	0.36

Most inversely correlated with ELPW

Symbol	Company	Correlation
KXIN	Kaixin Holdings Ordinary SharesRETAIL-AUTO DEALERS & GASOLINE STATIONS	-0.48
PFSI	PennyMac Financial Services, Inc. Common StockMORTGAGE BANKERS & LOAN CORRESPONDENTS	-0.46
RITMpE	Rithm Capital Corp. 8.75% Series E Fixed-Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS	-0.40
AGQ	ProShares Ultra SilverCOMMODITY CONTRACTS BROKERS & DEALERS	-0.40
GOLY	Strategy Shares Gold Enhanced Yield ETF	-0.36

Frequently asked questions about ELPW correlations

Which stocks are most correlated with ELPW?: Based on one year of daily returns, the stocks most correlated with Elong Power Holding Limited Class A Ordinary Shares (ELPW) are PHOE (0.76), INLF (0.42) and TPST (0.41). 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 ELPW?: Over the past year, the stocks most inversely correlated with Elong Power Holding Limited Class A Ordinary Shares (ELPW) are KXIN (-0.48), PFSI (-0.46) and RITMpE (-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 ELPW correlations calculated?: We compute the correlation of daily returns between ELPW 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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