HUTCHMED (China) Limited American Depositary Shares (HCM) — Stock Correlations & Overview
Over the past year, HCM has moved most closely with KURE, AAPG, ECNS. Explore the stocks most correlated and inversely correlated with HCM below, along with its price, financials, and company profile.
Stocks correlated with HCM
Correlation of daily returns. Higher positive values move with HCM; negative values move opposite it. Informational only, not investment advice.
Most correlated with HCM
| Symbol | Company | Correlation |
|---|---|---|
| KURE | KraneShares MSCI All China Health Care Index ETF | 0.53 |
| AAPG | Ascentage Pharma Group International American Depository Shares | 0.43 |
| ECNS | iShares MSCI China Small-Cap ETF | 0.43 |
| ZLAB | Zai Lab Limited American Depositary SharesPHARMACEUTICAL PREPARATIONS | 0.38 |
| CHPT | ChargePoint Holdings, Inc.MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | 0.37 |
Most inversely correlated with HCM
| Symbol | Company | Correlation |
|---|---|---|
| NCT | Intercont (Cayman) Limited Class A Ordinary shares | -0.35 |
| SMST | Tidal Trust II Defiance Daily Target 2x Short MSTR ETF | -0.33 |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | -0.33 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.31 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.31 |
Frequently asked questions about HCM correlations
- Which stocks are most correlated with HCM?
- Based on one year of daily returns, the stocks most correlated with HUTCHMED (China) Limited American Depositary Shares (HCM) are KURE (0.53), AAPG (0.43) and ECNS (0.43). 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 HCM?
- Over the past year, the stocks most inversely correlated with HUTCHMED (China) Limited American Depositary Shares (HCM) are NCT (-0.35), SMST (-0.33) and MSTZ (-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 HCM correlations calculated?
- We compute the correlation of daily returns between HCM 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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