Hitek Global Inc. Class A Ordinary Share (HKIT) — Stock Correlations & Overview
Over the past year, HKIT has moved most closely with JZ, LNKS, CPII. Explore the stocks most correlated and inversely correlated with HKIT below, along with its price, financials, and company profile.
Stocks correlated with HKIT
Correlation of daily returns. Higher positive values move with HKIT; negative values move opposite it. Informational only, not investment advice.
Most correlated with HKIT
| Symbol | Company | Correlation |
|---|---|---|
| JZ | Jianzhi Education Technology Group Company Limited American Depositary Shares | 0.48 |
| LNKS | Linkers Industries Limited Class A Ordinary Shares | 0.46 |
| CPII | American Beacon Ionic Inflation Protection ETF | 0.41 |
| VALN | Valneva SE American Depositary Shares | 0.39 |
| SPCE | Virgin Galactic Holdings, Inc.TRANSPORTATION SERVICES | 0.35 |
Most inversely correlated with HKIT
| Symbol | Company | Correlation |
|---|---|---|
| LASE | Laser Photonics Corporation Common StockMISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES | -0.38 |
| CRMT | America's Car Mart IncRETAIL-AUTO DEALERS & GASOLINE STATIONS | -0.34 |
| PTLE | PTL LTD Class A Ordinary Shares | -0.31 |
| LEGN | Legend Biotech Corporation American Depositary Shares | -0.29 |
| DXST | Decent Holding Inc Class A Ordinary Shares | -0.29 |
Frequently asked questions about HKIT correlations
- Which stocks are most correlated with HKIT?
- Based on one year of daily returns, the stocks most correlated with Hitek Global Inc. Class A Ordinary Share (HKIT) are JZ (0.48), LNKS (0.46) and CPII (0.41). 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 HKIT?
- Over the past year, the stocks most inversely correlated with Hitek Global Inc. Class A Ordinary Share (HKIT) are LASE (-0.38), CRMT (-0.34) and PTLE (-0.31). 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 HKIT correlations calculated?
- We compute the correlation of daily returns between HKIT 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.