Mega Fortune Company Limited Ordinary Shares (MGRT) — Stock Correlations & Overview
Over the past year, MGRT has moved most closely with HXHX, PCSA, TWOpA. Explore the stocks most correlated and inversely correlated with MGRT below, along with its price, financials, and company profile.
Stocks correlated with MGRT
Correlation of daily returns. Higher positive values move with MGRT; negative values move opposite it. Informational only, not investment advice.
Most correlated with MGRT
| Symbol | Company | Correlation |
|---|---|---|
| HXHX | Haoxin Holdings Limited Class A Ordinary Shares | 0.31 |
| PCSA | Processa Pharmaceuticals, Inc. CommonPHARMACEUTICAL PREPARATIONS | 0.29 |
| TWOpA | Two Harbors Investment Corp 8.125% Series A Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ($25.00 liquidation preference per share)REAL ESTATE INVESTMENT TRUSTS | 0.24 |
| CGNX | Cognex CorpINDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL | 0.23 |
| KDKRW | Kodiak AI, Inc. WarrantsSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN | 0.22 |
Most inversely correlated with MGRT
| Symbol | Company | Correlation |
|---|---|---|
| BTF | CoinShares ETF Trust CoinShares Bitcoin and Ether ETF | -0.36 |
| ICLR | Icon Plc | -0.32 |
| MCRB | Seres Therapeutics, Inc.PHARMACEUTICAL PREPARATIONS | -0.28 |
| VTGN | Vistagen Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.28 |
| MENS | Jyong Biotech Ltd. Ordinary Shares | -0.28 |
Frequently asked questions about MGRT correlations
- Which stocks are most correlated with MGRT?
- Based on one year of daily returns, the stocks most correlated with Mega Fortune Company Limited Ordinary Shares (MGRT) are HXHX (0.31), PCSA (0.29) and TWOpA (0.24). 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 MGRT?
- Over the past year, the stocks most inversely correlated with Mega Fortune Company Limited Ordinary Shares (MGRT) are BTF (-0.36), ICLR (-0.32) and MCRB (-0.28). 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 MGRT correlations calculated?
- We compute the correlation of daily returns between MGRT 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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