Jerash Holdings (US), Inc. Common Stock (JRSH) — Stock Correlations & Overview
Over the past year, JRSH has moved most closely with ALNT, FIX, HVAC. Explore the stocks most correlated and inversely correlated with JRSH below, along with its price, financials, and company profile.
Stocks correlated with JRSH
Correlation of daily returns. Higher positive values move with JRSH; negative values move opposite it. Informational only, not investment advice.
Most correlated with JRSH
| Symbol | Company | Correlation |
|---|---|---|
| ALNT | Allient Inc. Common StockINSTRUMENTS FOR MEAS & TESTING OF ELECTRICITY & ELEC SIGNALS | 0.36 |
| FIX | Comfort Systems USA, Inc.ELECTRICAL WORK | 0.31 |
| HVAC | AdvisorShares HVAC and Industrials ETF | 0.31 |
| PWRD | TCW Transform Systems ETF | 0.31 |
| NPO | Enpro Inc.GASKETS, PACKG & SEALG DEVICES & RUBBER & PLASTICS HOSE | 0.30 |
Most inversely correlated with JRSH
| Symbol | Company | Correlation |
|---|---|---|
| KD | Kyndryl Holdings, Inc.SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | -0.28 |
| AON | Aon plc Class AINSURANCE AGENTS, BROKERS & SERVICE | -0.26 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.25 |
| SIJ | ProShares UltraShort Industrials | -0.25 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.25 |
Frequently asked questions about JRSH correlations
- Which stocks are most correlated with JRSH?
- Based on one year of daily returns, the stocks most correlated with Jerash Holdings (US), Inc. Common Stock (JRSH) are ALNT (0.36), FIX (0.31) and HVAC (0.31). 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 JRSH?
- Over the past year, the stocks most inversely correlated with Jerash Holdings (US), Inc. Common Stock (JRSH) are KD (-0.28), AON (-0.26) and BTAL (-0.25). 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 JRSH correlations calculated?
- We compute the correlation of daily returns between JRSH 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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