Futu Holdings Limited American Depositary Shares (FUTU) — Stock Correlations & Overview
Over the past year, FUTU has moved most closely with TIGR, DINT, CGRO. Explore the stocks most correlated and inversely correlated with FUTU below, along with its price, financials, and company profile.
Stocks correlated with FUTU
Correlation of daily returns. Higher positive values move with FUTU; negative values move opposite it. Informational only, not investment advice.
Most correlated with FUTU
| Symbol | Company | Correlation |
|---|---|---|
| TIGR | UP Fintech Holding Ltd American Depositary Share representing fifteen Class A Ordinary Shares | 0.83 |
| DINT | Davis Select International ETF | 0.56 |
| CGRO | CoreValues Alpha Greater China Growth ETFBLANK CHECKS | 0.53 |
| DWLD | Davis Select Worldwide ETF | 0.53 |
| EMQQ | EMQQ The Emerging Markets Internet ETF | 0.51 |
Most inversely correlated with FUTU
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.46 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.46 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.46 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.45 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.44 |
Frequently asked questions about FUTU correlations
- Which stocks are most correlated with FUTU?
- Based on one year of daily returns, the stocks most correlated with Futu Holdings Limited American Depositary Shares (FUTU) are TIGR (0.83), DINT (0.56) and CGRO (0.53). 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 FUTU?
- Over the past year, the stocks most inversely correlated with Futu Holdings Limited American Depositary Shares (FUTU) are EEV (-0.46), EDZ (-0.46) and EUM (-0.46). 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 FUTU correlations calculated?
- We compute the correlation of daily returns between FUTU 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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