Which stocks are most correlated with KNDI?

Based on one year of daily returns, the stocks most correlated with Kandi Technologies Group, Inc. Ordinary Shares (KNDI) are TpA (0.36), LCAP (0.36) and QDEL (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 KNDI?

Over the past year, the stocks most inversely correlated with Kandi Technologies Group, Inc. Ordinary Shares (KNDI) are RWM (-0.32), SH (-0.32) and SRTY (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Kandi Technologies Group, Inc. Ordinary Shares (KNDI) — Stock Correlations & Overview

Over the past year, KNDI has moved most closely with TpA, LCAP, QDEL. Explore the stocks most correlated and inversely correlated with KNDI below, along with its price, financials, and company profile.

Stocks correlated with KNDI

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

Most correlated with KNDI

Symbol	Company	Correlation
TpA	AT&T Inc. Depositary Shares, each representing a 1/1,000th interest in a share of 5.000% Perpetual Preferred Stock, Series ATELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE)	0.36
LCAP	Principal Capital Appreciation Select ETFSERVICES-COMPUTER PROCESSING & DATA PREPARATION	0.36
QDEL	QuidelOrtho Corporation Common StockIN VITRO & IN VIVO DIAGNOSTIC SUBSTANCES	0.35
MRCP	PGIM S&P 500 Buffer 12 ETF - March	0.35
NEWT	NewtekOne, Inc. Common StockNATIONAL COMMERCIAL BANKS	0.35

Most inversely correlated with KNDI

Symbol	Company	Correlation
RWM	ProShares Short Russell2000	-0.32
SH	ProShares Short S&P500	-0.32
SRTY	ProShares UltraPro Short Russell2000	-0.32
SPXU	ProShares UltraPro Short S&P 500	-0.32
TWM	ProShares UltraShort Russell2000	-0.32

Frequently asked questions about KNDI correlations

Which stocks are most correlated with KNDI?: Based on one year of daily returns, the stocks most correlated with Kandi Technologies Group, Inc. Ordinary Shares (KNDI) are TpA (0.36), LCAP (0.36) and QDEL (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 KNDI?: Over the past year, the stocks most inversely correlated with Kandi Technologies Group, Inc. Ordinary Shares (KNDI) are RWM (-0.32), SH (-0.32) and SRTY (-0.32). 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 KNDI correlations calculated?: We compute the correlation of daily returns between KNDI 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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