Which stocks are most correlated with HMC?

Based on one year of daily returns, the stocks most correlated with Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Common Stock (HMC) are TM (0.73), TMH (0.66) and EWJV (0.58). 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 HMC?

Over the past year, the stocks most inversely correlated with Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Common Stock (HMC) are CARD (-0.53), EWV (-0.52) and EFU (-0.50). A negative correlation means the two stocks have tended to move in opposite directions.

Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Common Stock (HMC) — Stock Correlations & Overview

Over the past year, HMC has moved most closely with TM, TMH, EWJV. Explore the stocks most correlated and inversely correlated with HMC below, along with its price, financials, and company profile.

Stocks correlated with HMC

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

Most correlated with HMC

Symbol	Company	Correlation
TM	Toyota Motor Corporation American Depositary Shares (Each representing ten Ordinary Shares)	0.73
TMH	Toyota Motor Corporation ADRhedged	0.66
EWJV	iShares MSCI Japan Value ETF	0.58
IVAL	Alpha Architect International Quantitative Value ETF	0.58
DTAN	Sparkline International Intangible Value ETF	0.57

Most inversely correlated with HMC

Symbol	Company	Correlation
CARD	MAX Auto Industry -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.53
EWV	ProShares Trust UltraShort MSCI Japan	-0.52
EFU	ProShares Trust UltraShort MSCI EAFE	-0.50
MZZ	ProShares UltraShort MidCap400	-0.49
MYY	ProShares Short MidCap400	-0.49

Frequently asked questions about HMC correlations

Which stocks are most correlated with HMC?: Based on one year of daily returns, the stocks most correlated with Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Common Stock (HMC) are TM (0.73), TMH (0.66) and EWJV (0.58). 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 HMC?: Over the past year, the stocks most inversely correlated with Honda Motor Co., Ltd. American Depositary Share, each representing three (3) shares of Common Stock (HMC) are CARD (-0.53), EWV (-0.52) and EFU (-0.50). 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 HMC correlations calculated?: We compute the correlation of daily returns between HMC 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.