Freedom Holding Corp. (FRHC) — Stock Correlations & Overview
Over the past year, FRHC has moved most closely with CONY, COIW, OND. Explore the stocks most correlated and inversely correlated with FRHC below, along with its price, financials, and company profile.
Stocks correlated with FRHC
Correlation of daily returns. Higher positive values move with FRHC; negative values move opposite it. Informational only, not investment advice.
Most correlated with FRHC
| Symbol | Company | Correlation |
|---|---|---|
| CONY | YieldMax COIN Option Income Strategy ETF | 0.37 |
| COIW | Roundhill COIN WeeklyPay ETF | 0.37 |
| OND | ProShares On-Demand ETF | 0.37 |
| ARKF | ARK Blockchain & Fintech Innovation ETF | 0.37 |
| FMET | Fidelity Metaverse ETF | 0.37 |
Most inversely correlated with FRHC
| Symbol | Company | Correlation |
|---|---|---|
| CONI | GraniteShares ETF Trust GraniteShares 2x Short COIN Daily ETF | -0.36 |
| FIAT | YieldMax Short COIN Option Income Strategy ETF | -0.34 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.33 |
| AIBD | Direxion Daily AI and Big Data Bear 2X ETF | -0.32 |
| IBIE | iShares iBonds Oct 2028 Term TIPS ETF | -0.31 |
Frequently asked questions about FRHC correlations
- Which stocks are most correlated with FRHC?
- Based on one year of daily returns, the stocks most correlated with Freedom Holding Corp. (FRHC) are CONY (0.37), COIW (0.37) and OND (0.37). 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 FRHC?
- Over the past year, the stocks most inversely correlated with Freedom Holding Corp. (FRHC) are CONI (-0.36), FIAT (-0.34) and SARK (-0.33). 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 FRHC correlations calculated?
- We compute the correlation of daily returns between FRHC 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.