JD.com, Inc. (JD) — Stock Correlations & Overview
Over the past year, JD has moved most closely with PGJ, CWEB, KWEB. Explore the stocks most correlated and inversely correlated with JD below, along with its price, financials, and company profile.
Stocks correlated with JD
Correlation of daily returns. Higher positive values move with JD; negative values move opposite it. Informational only, not investment advice.
Most correlated with JD
| Symbol | Company | Correlation |
|---|---|---|
| PGJ | Invesco Golden Dragon China ETF | 0.76 |
| CWEB | Direxion Daily CSI China Internet Index Bull 2X ETF | 0.75 |
| KWEB | KraneShares CSI China Internet ETF | 0.74 |
| MAGC | Roundhill China Magnificent Seven ETF | 0.72 |
| CHIQ | Global X MSCI China Consumer Discretionary ETF | 0.70 |
Most inversely correlated with JD
| Symbol | Company | Correlation |
|---|---|---|
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.70 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.70 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.67 |
| QQQD | Direxion Daily Magnificent 7 Bear 1X ETF | -0.34 |
| QQDN | ProShares Trust ProShares UltraShort QQQ Mega | -0.34 |
Frequently asked questions about JD correlations
- Which stocks are most correlated with JD?
- Based on one year of daily returns, the stocks most correlated with JD.com, Inc. (JD) are PGJ (0.76), CWEB (0.75) and KWEB (0.74). 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 JD?
- Over the past year, the stocks most inversely correlated with JD.com, Inc. (JD) are YANG (-0.70), FXP (-0.70) and YXI (-0.67). 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 JD correlations calculated?
- We compute the correlation of daily returns between JD 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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