IHS Holding Limited (IHS) — Stock Correlations & Overview
Over the past year, IHS has moved most closely with PWS, CDIG, SIXO. Explore the stocks most correlated and inversely correlated with IHS below, along with its price, financials, and company profile.
Stocks correlated with IHS
Correlation of daily returns. Higher positive values move with IHS; negative values move opposite it. Informational only, not investment advice.
Most correlated with IHS
| Symbol | Company | Correlation |
|---|---|---|
| PWS | Pacer WealthShield ETF | 0.35 |
| CDIG | City Different Investments Global Equity ETF | 0.35 |
| SIXO | AllianzIM U.S. Equity 6 Month Buffer10 Apr/Oct ETF | 0.35 |
| EALT | Innovator U.S. Equity 5 to 15 Buffer ETF - Quarterly | 0.34 |
| NAUG | Innovator Growth-100 Power Buffer ETF - August | 0.34 |
Most inversely correlated with IHS
| Symbol | Company | Correlation |
|---|---|---|
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.27 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.27 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.27 |
| TWM | ProShares UltraShort Russell2000 | -0.27 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.27 |
Frequently asked questions about IHS correlations
- Which stocks are most correlated with IHS?
- Based on one year of daily returns, the stocks most correlated with IHS Holding Limited (IHS) are PWS (0.35), CDIG (0.35) and SIXO (0.35). 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 IHS?
- Over the past year, the stocks most inversely correlated with IHS Holding Limited (IHS) are BERZ (-0.27), TZA (-0.27) and SRTY (-0.27). 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 IHS correlations calculated?
- We compute the correlation of daily returns between IHS 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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