Hongli Group Inc. Class A Ordinary Shares (HLP) — Stock Correlations & Overview
Over the past year, HLP has moved most closely with LICN, PERI, YMT. Explore the stocks most correlated and inversely correlated with HLP below, along with its price, financials, and company profile.
Stocks correlated with HLP
Correlation of daily returns. Higher positive values move with HLP; negative values move opposite it. Informational only, not investment advice.
Most correlated with HLP
| Symbol | Company | Correlation |
|---|---|---|
| LICN | Lichen China Limited Class A Ordinary Shares | 0.30 |
| PERI | Perion Network Ltd. | 0.26 |
| YMT | Yimutian Inc. American Depositary Shares | 0.23 |
| CWD | CaliberCos Inc. Class A Common StockREAL ESTATE | 0.23 |
| CEPO | Cantor Equity Partners I, Inc. Class A Ordinary SharesBLANK CHECKS | 0.22 |
Most inversely correlated with HLP
| Symbol | Company | Correlation |
|---|---|---|
| IMVT | Immunovant, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.22 |
| GCL | GCL Global Holdings Ltd Ordinary Shares | -0.21 |
| PETZ | TDH Holdings, Inc. Common Shares | -0.21 |
| WH | Wyndham Hotels & Resorts, Inc. Common StockHOTELS & MOTELS | -0.20 |
| ALGM | Allegro MicroSystems, Inc. Common StockSEMICONDUCTORS & RELATED DEVICES | -0.20 |
Frequently asked questions about HLP correlations
- Which stocks are most correlated with HLP?
- Based on one year of daily returns, the stocks most correlated with Hongli Group Inc. Class A Ordinary Shares (HLP) are LICN (0.30), PERI (0.26) and YMT (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 HLP?
- Over the past year, the stocks most inversely correlated with Hongli Group Inc. Class A Ordinary Shares (HLP) are IMVT (-0.22), GCL (-0.21) and PETZ (-0.21). 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 HLP correlations calculated?
- We compute the correlation of daily returns between HLP 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.