LexinFintech Holdings Ltd. American Depositary Shares (LX) — Stock Correlations & Overview
Over the past year, LX has moved most closely with QFIN, FINV, LU. Explore the stocks most correlated and inversely correlated with LX below, along with its price, financials, and company profile.
Stocks correlated with LX
Correlation of daily returns. Higher positive values move with LX; negative values move opposite it. Informational only, not investment advice.
Most correlated with LX
| Symbol | Company | Correlation |
|---|---|---|
| QFIN | Qfin Holdings, Inc. American Depositary Shares | 0.60 |
| FINV | FinVolution Group American depositary shares, each representing five Class A ordinary shares | 0.51 |
| LU | Lufax Holding Ltd. American Depositary Shares, each representing two (2) Ordinary Shares | 0.47 |
| HKD | AMTD Digital Inc. American Depositary Shares (every five of which represent two Class A Ordinary Shares) | 0.36 |
| QQQJ | Invesco NASDAQ Next Gen 100 ETFINVESTMENT ADVICE | 0.34 |
Most inversely correlated with LX
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.33 |
| TWM | ProShares UltraShort Russell2000 | -0.30 |
| TZA | Direxion Daily Small Cap Bear 3x ETF | -0.30 |
| RWM | ProShares Short Russell2000 | -0.30 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.30 |
Frequently asked questions about LX correlations
- Which stocks are most correlated with LX?
- Based on one year of daily returns, the stocks most correlated with LexinFintech Holdings Ltd. American Depositary Shares (LX) are QFIN (0.60), FINV (0.51) and LU (0.47). 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 LX?
- Over the past year, the stocks most inversely correlated with LexinFintech Holdings Ltd. American Depositary Shares (LX) are SARK (-0.33), TWM (-0.30) and TZA (-0.30). 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 LX correlations calculated?
- We compute the correlation of daily returns between LX 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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