Which stocks are most correlated with FINV?

Based on one year of daily returns, the stocks most correlated with FinVolution Group American depositary shares, each representing five Class A ordinary shares (FINV) are QFIN (0.63), LX (0.51) and LU (0.39). 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 FINV?

Over the past year, the stocks most inversely correlated with FinVolution Group American depositary shares, each representing five Class A ordinary shares (FINV) are SARK (-0.31), FLYD (-0.30) and FXP (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.

FinVolution Group American depositary shares, each representing five Class A ordinary shares (FINV) — Stock Correlations & Overview

Over the past year, FINV has moved most closely with QFIN, LX, LU. Explore the stocks most correlated and inversely correlated with FINV below, along with its price, financials, and company profile.

Stocks correlated with FINV

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

Most correlated with FINV

Symbol	Company	Correlation
QFIN	Qfin Holdings, Inc. American Depositary Shares	0.63
LX	LexinFintech Holdings Ltd. American Depositary Shares	0.51
LU	Lufax Holding Ltd. American Depositary Shares, each representing two (2) Ordinary Shares	0.39
DWLD	Davis Select Worldwide ETF	0.39
BAMY	Brookstone Yield ETF	0.37

Most inversely correlated with FINV

Symbol	Company	Correlation
SARK	Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF	-0.31
FLYD	MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.30
FXP	ProShares UltraShort FTSE China 50 of ProShares Trust	-0.29
MZZ	ProShares UltraShort MidCap400	-0.29
MYY	ProShares Short MidCap400	-0.29

Frequently asked questions about FINV correlations

Which stocks are most correlated with FINV?: Based on one year of daily returns, the stocks most correlated with FinVolution Group American depositary shares, each representing five Class A ordinary shares (FINV) are QFIN (0.63), LX (0.51) and LU (0.39). 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 FINV?: Over the past year, the stocks most inversely correlated with FinVolution Group American depositary shares, each representing five Class A ordinary shares (FINV) are SARK (-0.31), FLYD (-0.30) and FXP (-0.29). 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 FINV correlations calculated?: We compute the correlation of daily returns between FINV 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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