Which stocks are most correlated with ITP?

Based on one year of daily returns, the stocks most correlated with IT Tech Packaging, Inc. (ITP) are CHAI (0.38), YOUL (0.37) and CWD (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 ITP?

Over the past year, the stocks most inversely correlated with IT Tech Packaging, Inc. (ITP) are JETD (-0.21), WEEK (-0.21) and EFZ (-0.20). A negative correlation means the two stocks have tended to move in opposite directions.

IT Tech Packaging, Inc. (ITP) — Stock Correlations & Overview

Over the past year, ITP has moved most closely with CHAI, YOUL, CWD. Explore the stocks most correlated and inversely correlated with ITP below, along with its price, financials, and company profile.

Stocks correlated with ITP

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

Most correlated with ITP

Symbol	Company	Correlation
CHAI	Core AI Holdings, Inc. Common Shares	0.38
YOUL	Youlife Group Inc. American Depositary Shares	0.37
CWD	CaliberCos Inc. Class A Common StockREAL ESTATE	0.35
ADUR	Aduro Clean Technologies Inc. Common Stock	0.34
AWX	Avalon Holdings Corp.REFUSE SYSTEMS	0.33

Most inversely correlated with ITP

Symbol	Company	Correlation
JETD	MAX Airlines -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.21
WEEK	Roundhill Weekly T-Bill ETF	-0.21
EFZ	ProShares Trust Short MSCI EAFE	-0.20
TZA	Direxion Daily Small Cap Bear 3x ETF	-0.20
EPV	ProShares UltraShort FTSE Europe	-0.20

Frequently asked questions about ITP correlations

Which stocks are most correlated with ITP?: Based on one year of daily returns, the stocks most correlated with IT Tech Packaging, Inc. (ITP) are CHAI (0.38), YOUL (0.37) and CWD (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 ITP?: Over the past year, the stocks most inversely correlated with IT Tech Packaging, Inc. (ITP) are JETD (-0.21), WEEK (-0.21) and EFZ (-0.20). 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 ITP correlations calculated?: We compute the correlation of daily returns between ITP 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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