JINKOSOLAR HOLDINGS CO (JKS) — Stock Correlations & Overview
Over the past year, JKS has moved most closely with TAN, DQ, CSIQ. Explore the stocks most correlated and inversely correlated with JKS below, along with its price, financials, and company profile.
Stocks correlated with JKS
Correlation of daily returns. Higher positive values move with JKS; negative values move opposite it. Informational only, not investment advice.
Most correlated with JKS
| Symbol | Company | Correlation |
|---|---|---|
| TAN | Invesco Solar ETFINVESTMENT ADVICE | 0.62 |
| DQ | Daqo New Energy Corp. American Depositary Shares (each representing 5 Ordinary Shares) | 0.60 |
| CSIQ | Canadian Solar Inc. Common Shares (ON) | 0.59 |
| FRNW | Fidelity Clean Energy ETF | 0.57 |
| CTEX | ProShares S&P Kensho Cleantech ETF | 0.56 |
Frequently asked questions about JKS correlations
- Which stocks are most correlated with JKS?
- Based on one year of daily returns, the stocks most correlated with JINKOSOLAR HOLDINGS CO (JKS) are TAN (0.62), DQ (0.60) and CSIQ (0.59). 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 JKS?
- Over the past year, the stocks most inversely correlated with JINKOSOLAR HOLDINGS CO (JKS) are QQDN (-0.42), BTAL (-0.39) and PSQ (-0.39). 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 JKS correlations calculated?
- We compute the correlation of daily returns between JKS 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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