AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) (HKD) — Stock Correlations & Overview
Over the past year, HKD has moved most closely with AMTD, MNOV, ILMN. Explore the stocks most correlated and inversely correlated with HKD below, along with its price, financials, and company profile.
Stocks correlated with HKD
Correlation of daily returns. Higher positive values move with HKD; negative values move opposite it. Informational only, not investment advice.
Most correlated with HKD
| Symbol | Company | Correlation |
|---|---|---|
| AMTD | AMTD IDEA Group American Depositary Shares, each representing six (6) Class A Ordinary Shares | 0.46 |
| MNOV | Medicinova, Inc.PHARMACEUTICAL PREPARATIONS | 0.46 |
| ILMN | Illumina IncLABORATORY ANALYTICAL INSTRUMENTS | 0.44 |
| CABA | Cabaletta Bio, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.43 |
| GDYN | Grid Dynamics Holdings, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | 0.38 |
Most inversely correlated with HKD
| Symbol | Company | Correlation |
|---|---|---|
| TGE | The Generation Essentials Group | -0.41 |
| OSPN | OneSpan Inc. Common StockSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | -0.37 |
| BQ | Boqii Holding Limited | -0.36 |
| NMFCZ | New Mountain Finance Corporation 8.250% Notes due 2028 | -0.34 |
| PMTV | PennyMac Mortgage Investment Trust 9.00% Senior Notes due 2030REAL ESTATE INVESTMENT TRUSTS | -0.32 |
Frequently asked questions about HKD correlations
- Which stocks are most correlated with HKD?
- Based on one year of daily returns, the stocks most correlated with AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) (HKD) are AMTD (0.46), MNOV (0.46) and ILMN (0.44). 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 HKD?
- Over the past year, the stocks most inversely correlated with AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) (HKD) are TGE (-0.41), OSPN (-0.37) and BQ (-0.36). 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 HKD correlations calculated?
- We compute the correlation of daily returns between HKD 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.