Which stocks are most correlated with JOYY?

Based on one year of daily returns, the stocks most correlated with JOYY Inc. American Depositary Shares (JOYY) are FUTU (0.47), CWEB (0.45) and TIGR (0.45). 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 JOYY?

Over the past year, the stocks most inversely correlated with JOYY Inc. American Depositary Shares (JOYY) are YANG (-0.38), FXP (-0.38) and TTXD (-0.35). A negative correlation means the two stocks have tended to move in opposite directions.

JOYY Inc. American Depositary Shares (JOYY) — Stock Correlations & Overview

Over the past year, JOYY has moved most closely with FUTU, CWEB, TIGR. Explore the stocks most correlated and inversely correlated with JOYY below, along with its price, financials, and company profile.

Stocks correlated with JOYY

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

Most correlated with JOYY

Symbol	Company	Correlation
FUTU	Futu Holdings Limited American Depositary Shares	0.47
CWEB	Direxion Daily CSI China Internet Index Bull 2X ETF	0.45
TIGR	UP Fintech Holding Ltd American Depositary Share representing fifteen Class A Ordinary Shares	0.45
KWEB	KraneShares CSI China Internet ETF	0.45
FDNI	First Trust Dow Jones International Internet ETF	0.45

Most inversely correlated with JOYY

Symbol	Company	Correlation
YANG	Direxion Daily FTSE China Bear 3X ETF	-0.38
FXP	ProShares UltraShort FTSE China 50 of ProShares Trust	-0.38
TTXD	Direxion Daily Technology Top 5 Bear 2X ETF	-0.35
YXI	ProShares Short FTSE China 50 of PROSHARES TRUST	-0.35
EEV	ProShares Trust UltraShort MSCI Emerging Markets	-0.35

Frequently asked questions about JOYY correlations

Which stocks are most correlated with JOYY?: Based on one year of daily returns, the stocks most correlated with JOYY Inc. American Depositary Shares (JOYY) are FUTU (0.47), CWEB (0.45) and TIGR (0.45). 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 JOYY?: Over the past year, the stocks most inversely correlated with JOYY Inc. American Depositary Shares (JOYY) are YANG (-0.38), FXP (-0.38) and TTXD (-0.35). 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 JOYY correlations calculated?: We compute the correlation of daily returns between JOYY 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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