Li Auto Inc. American Depositary Shares (LI) — Stock Correlations & Overview
Over the past year, LI has moved most closely with CHIQ, KGRN, PGJ. Explore the stocks most correlated and inversely correlated with LI below, along with its price, financials, and company profile.
Stocks correlated with LI
Correlation of daily returns. Higher positive values move with LI; negative values move opposite it. Informational only, not investment advice.
Most correlated with LI
| Symbol | Company | Correlation |
|---|---|---|
| CHIQ | Global X MSCI China Consumer Discretionary ETF | 0.60 |
| KGRN | KraneShares MSCI China Clean Technology Index ETF | 0.60 |
| PGJ | Invesco Golden Dragon China ETF | 0.57 |
| KTEC | KraneShares Hang Seng TECH Index ETF | 0.57 |
| CGRO | CoreValues Alpha Greater China Growth ETFBLANK CHECKS | 0.56 |
Most inversely correlated with LI
| Symbol | Company | Correlation |
|---|---|---|
| YANG | Direxion Daily FTSE China Bear 3X ETF | -0.55 |
| FXP | ProShares UltraShort FTSE China 50 of ProShares Trust | -0.54 |
| YXI | ProShares Short FTSE China 50 of PROSHARES TRUST | -0.53 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.29 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.29 |
Frequently asked questions about LI correlations
- Which stocks are most correlated with LI?
- Based on one year of daily returns, the stocks most correlated with Li Auto Inc. American Depositary Shares (LI) are CHIQ (0.60), KGRN (0.60) and PGJ (0.57). 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 LI?
- Over the past year, the stocks most inversely correlated with Li Auto Inc. American Depositary Shares (LI) are YANG (-0.55), FXP (-0.54) and YXI (-0.53). 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 LI correlations calculated?
- We compute the correlation of daily returns between LI 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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