iQIYI, Inc. American Depositary Shares (IQ) — Stock Correlations & Overview
Over the past year, IQ has moved most closely with PGJ, FDCF, FDNI. Explore the stocks most correlated and inversely correlated with IQ below, along with its price, financials, and company profile.
Stocks correlated with IQ
Correlation of daily returns. Higher positive values move with IQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with IQ
| Symbol | Company | Correlation |
|---|---|---|
| PGJ | Invesco Golden Dragon China ETF | 0.46 |
| FDCF | Fidelity Disruptive Communications ETF | 0.45 |
| FDNI | First Trust Dow Jones International Internet ETF | 0.44 |
| CGRO | CoreValues Alpha Greater China Growth ETFBLANK CHECKS | 0.44 |
| SOCL | Global X Funds Global X Social Media ETF | 0.44 |
Most inversely correlated with IQ
| Symbol | Company | Correlation |
|---|---|---|
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.38 |
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.38 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.37 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.37 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.37 |
Frequently asked questions about IQ correlations
- Which stocks are most correlated with IQ?
- Based on one year of daily returns, the stocks most correlated with iQIYI, Inc. American Depositary Shares (IQ) are PGJ (0.46), FDCF (0.45) and FDNI (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 IQ?
- Over the past year, the stocks most inversely correlated with iQIYI, Inc. American Depositary Shares (IQ) are QQQD (-0.38), YANG (-0.38) and WEBS (-0.37). 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 IQ correlations calculated?
- We compute the correlation of daily returns between IQ 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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