D-Market Electronic Services & Trading American Depositary Shares (HEPS) — Stock Correlations & Overview
Over the past year, HEPS has moved most closely with MOTG, KCAI, KSPY. Explore the stocks most correlated and inversely correlated with HEPS below, along with its price, financials, and company profile.
Stocks correlated with HEPS
Correlation of daily returns. Higher positive values move with HEPS; negative values move opposite it. Informational only, not investment advice.
Most correlated with HEPS
| Symbol | Company | Correlation |
|---|---|---|
| MOTG | VanEck Morningstar Global Wide Moat ETF | 0.52 |
| KCAI | KraneShares China Alpha Index ETF | 0.51 |
| KSPY | KraneShares Hedgeye Hedged Equity Index ETF | 0.46 |
| EVMT | Invesco Electric Vehicle Metals Commodity Strategy No K-1 ETF | 0.44 |
| KPDD | KraneShares 2x Long PDD Daily ETF | 0.42 |
Most inversely correlated with HEPS
| Symbol | Company | Correlation |
|---|---|---|
| IAGG | iShares Core International Aggregate Bond Fund | -0.40 |
| GGOV | iShares Global Government Bond USD Hedged Active ETF | -0.38 |
| LW | Lamb Weston Holdings, Inc.CANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES | -0.34 |
| HXHX | Haoxin Holdings Limited Class A Ordinary Shares | -0.32 |
| FLIA | Franklin International Aggregate Bond ETF | -0.32 |
Frequently asked questions about HEPS correlations
- Which stocks are most correlated with HEPS?
- Based on one year of daily returns, the stocks most correlated with D-Market Electronic Services & Trading American Depositary Shares (HEPS) are MOTG (0.52), KCAI (0.51) and KSPY (0.46). 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 HEPS?
- Over the past year, the stocks most inversely correlated with D-Market Electronic Services & Trading American Depositary Shares (HEPS) are IAGG (-0.40), GGOV (-0.38) and LW (-0.34). 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 HEPS correlations calculated?
- We compute the correlation of daily returns between HEPS 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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