Luda Technology Group Limited (LUD) — Stock Correlations & Overview
Over the past year, LUD has moved most closely with ONCY, GEMI, HYEM. Explore the stocks most correlated and inversely correlated with LUD below, along with its price, financials, and company profile.
Stocks correlated with LUD
Correlation of daily returns. Higher positive values move with LUD; negative values move opposite it. Informational only, not investment advice.
Most correlated with LUD
| Symbol | Company | Correlation |
|---|---|---|
| ONCY | Oncolytics Biotech, Inc. Common SharesPHARMACEUTICAL PREPARATIONS | 0.27 |
| GEMI | Gemini Space Station, Inc. Class A Common StockFINANCE SERVICES | 0.26 |
| HYEM | VanEck Emerging Markets High Yield Bond ETF | 0.26 |
| CLSKW | CleanSpark, Inc. WarrantFINANCE SERVICES | 0.25 |
| BNGO | Bionano Genomics, Inc. Common StockLABORATORY ANALYTICAL INSTRUMENTS | 0.24 |
Most inversely correlated with LUD
| Symbol | Company | Correlation |
|---|---|---|
| TURB | Turbo Energy, S.A. American Depositary Shares | -0.22 |
| LPCN | Lipocine Inc.PHARMACEUTICAL PREPARATIONS | -0.19 |
| CMPR | Cimpress PLC Ordinary Shares (Ireland)COMMERCIAL PRINTING | -0.19 |
| BATL | Battalion Oil CorporationCRUDE PETROLEUM & NATURAL GAS | -0.18 |
| CTNT | Cheetah Net Supply Chain Service Inc. Class A Common StockWHOLESALE-MOTOR VEHICLES & MOTOR VEHICLE PARTS & SUPPLIES | -0.17 |
Frequently asked questions about LUD correlations
- Which stocks are most correlated with LUD?
- Based on one year of daily returns, the stocks most correlated with Luda Technology Group Limited (LUD) are ONCY (0.27), GEMI (0.26) and HYEM (0.26). 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 LUD?
- Over the past year, the stocks most inversely correlated with Luda Technology Group Limited (LUD) are TURB (-0.22), LPCN (-0.19) and CMPR (-0.19). 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 LUD correlations calculated?
- We compute the correlation of daily returns between LUD 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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