Which stocks are most correlated with HIHO?

Based on one year of daily returns, the stocks most correlated with Highway Holdings Ltd (HIHO) are PIM (0.25), RAIL (0.24) and SPME (0.23). 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 HIHO?

Over the past year, the stocks most inversely correlated with Highway Holdings Ltd (HIHO) are SPAQ (-0.45), TRIO (-0.35) and CAS (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Highway Holdings Ltd (HIHO) — Stock Correlations & Overview

Over the past year, HIHO has moved most closely with PIM, RAIL, SPME. Explore the stocks most correlated and inversely correlated with HIHO below, along with its price, financials, and company profile.

Stocks correlated with HIHO

Correlation of daily returns. Higher positive values move with HIHO; negative values move opposite it. Informational only, not investment advice.

Most correlated with HIHO

Symbol	Company	Correlation
PIM	Franklin Master Intermediate Income Trust	0.25
RAIL	FreightCar America, Inc.RAILROAD EQUIPMENT	0.24
SPME	Sound Point Meridian Capital, Inc. 7.875% Series B Preferred Shares due 2030	0.23
PHOE	Phoenix Asia Holdings Limited Ordinary Shares	0.23
PCLA	PicoCELA Inc. American Depositary Shares	0.23

Most inversely correlated with HIHO

Symbol	Company	Correlation
SPAQ	Horizon Kinetics SPAC Active ETF	-0.45
TRIO	MC Trio Equity Buffered ETF	-0.35
CAS	Simplify China A Shares PLUS Income ETFBLANK CHECKS	-0.30
HIDE	Alpha Architect High Inflation and Deflation ETF	-0.29
MMAX	iShares Large Cap Max Buffer Mar ETF	-0.27

Frequently asked questions about HIHO correlations

Which stocks are most correlated with HIHO?: Based on one year of daily returns, the stocks most correlated with Highway Holdings Ltd (HIHO) are PIM (0.25), RAIL (0.24) and SPME (0.23). 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 HIHO?: Over the past year, the stocks most inversely correlated with Highway Holdings Ltd (HIHO) are SPAQ (-0.45), TRIO (-0.35) and CAS (-0.30). 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 HIHO correlations calculated?: We compute the correlation of daily returns between HIHO 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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