Millennium Group International Holdings Limited Ordinary Shares (MGIH) — Stock Correlations & Overview
Over the past year, MGIH has moved most closely with RAPP, SNTG, TRON. Explore the stocks most correlated and inversely correlated with MGIH below, along with its price, financials, and company profile.
Stocks correlated with MGIH
Correlation of daily returns. Higher positive values move with MGIH; negative values move opposite it. Informational only, not investment advice.
Most correlated with MGIH
| Symbol | Company | Correlation |
|---|---|---|
| RAPP | Rapport Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.38 |
| SNTG | Sentage Holdings Inc. Class A Ordinary Shares | 0.34 |
| TRON | Tron Inc. Common StockFINANCE SERVICES | 0.32 |
| MBOT | Microbot Medical, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | 0.31 |
| PMTU | PennyMac Mortgage Investment Trust 8.50% Senior Notes due 2028REAL ESTATE INVESTMENT TRUSTS | 0.28 |
Most inversely correlated with MGIH
| Symbol | Company | Correlation |
|---|---|---|
| CNF | CNFinance Holdings Limited American Depositary Shares, each representing two hundred (200) Ordinary Shares | -0.33 |
| ATLCL | Atlanticus Holdings Corporation 6.125% Senior Notes due 2026PERSONAL CREDIT INSTITUTIONS | -0.24 |
| BDRX | Biodexa Pharmaceuticals plc American Depositary Shs | -0.20 |
| MHF | Western Asset Municipal High Income Fund, Inc | -0.20 |
| METCZ | Ramaco Resources, Inc. 8.375% Senior Notes due 2029BITUMINOUS COAL & LIGNITE MINING | -0.19 |
Frequently asked questions about MGIH correlations
- Which stocks are most correlated with MGIH?
- Based on one year of daily returns, the stocks most correlated with Millennium Group International Holdings Limited Ordinary Shares (MGIH) are RAPP (0.38), SNTG (0.34) and TRON (0.32). 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 MGIH?
- Over the past year, the stocks most inversely correlated with Millennium Group International Holdings Limited Ordinary Shares (MGIH) are CNF (-0.33), ATLCL (-0.24) and BDRX (-0.20). 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 MGIH correlations calculated?
- We compute the correlation of daily returns between MGIH 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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