Hang Feng Technology Innovation Co., Ltd. Ordinary Shares (FOFO) — Stock Correlations & Overview
Over the past year, FOFO has moved most closely with CHR, NUAI, ANY. Explore the stocks most correlated and inversely correlated with FOFO below, along with its price, financials, and company profile.
Stocks correlated with FOFO
Correlation of daily returns. Higher positive values move with FOFO; negative values move opposite it. Informational only, not investment advice.
Most correlated with FOFO
| Symbol | Company | Correlation |
|---|---|---|
| CHR | Cheer Holding, Inc. Class A Ordinary ShareSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.32 |
| NUAI | New Era Energy & Digital, Inc. Common StockCRUDE PETROLEUM & NATURAL GAS | 0.28 |
| ANY | Sphere 3D Corp. Common SharesFINANCE SERVICES | 0.27 |
| AMPY | Amplify Energy Corp.CRUDE PETROLEUM & NATURAL GAS | 0.24 |
| NUAIW | New Era Energy & Digital, Inc. WarrantsCRUDE PETROLEUM & NATURAL GAS | 0.24 |
Most inversely correlated with FOFO
| Symbol | Company | Correlation |
|---|---|---|
| AZN | AstraZeneca PLC | -0.22 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.22 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.21 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.21 |
| DUG | ProShares UltraShort Energy | -0.21 |
Frequently asked questions about FOFO correlations
- Which stocks are most correlated with FOFO?
- Based on one year of daily returns, the stocks most correlated with Hang Feng Technology Innovation Co., Ltd. Ordinary Shares (FOFO) are CHR (0.32), NUAI (0.28) and ANY (0.27). 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 FOFO?
- Over the past year, the stocks most inversely correlated with Hang Feng Technology Innovation Co., Ltd. Ordinary Shares (FOFO) are AZN (-0.22), NRGD (-0.22) and WTID (-0.21). 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 FOFO correlations calculated?
- We compute the correlation of daily returns between FOFO 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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