Which stocks are most correlated with NIPG?

Based on one year of daily returns, the stocks most correlated with NIP Group Inc. American Depositary Shares (NIPG) are DAAQ (0.37), UTZ (0.32) and PSN (0.31). 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 NIPG?

Over the past year, the stocks most inversely correlated with NIP Group Inc. American Depositary Shares (NIPG) are CLBK (-0.36), EGG (-0.25) and MANH (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.

NIP Group Inc. American Depositary Shares (NIPG) — Stock Correlations & Overview

Over the past year, NIPG has moved most closely with DAAQ, UTZ, PSN. Explore the stocks most correlated and inversely correlated with NIPG below, along with its price, financials, and company profile.

Stocks correlated with NIPG

Correlation of daily returns. Higher positive values move with NIPG; negative values move opposite it. Informational only, not investment advice.

Most correlated with NIPG

Symbol	Company	Correlation
DAAQ	Digital Asset Acquisition Corp. Class A Ordinary sharesSTATE COMMERCIAL BANKS	0.37
UTZ	Utz Brands, Inc.MISCELLANEOUS FOOD PREPARATIONS & KINDRED PRODUCTS	0.32
PSN	Parsons CorporationSERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN	0.31
EJUL	Innovator Emerging Markets Power Buffer ETF - July	0.26
LII	Lennox International Inc.AIR-COND & WARM AIR HEATG EQUIP & COMM & INDL REFRIG EQUIP	0.26

Most inversely correlated with NIPG

Symbol	Company	Correlation
CLBK	Columbia Financial, Inc. Common StockSAVINGS INSTITUTION, FEDERALLY CHARTERED	-0.36
EGG	Enigmatig Limited	-0.25
MANH	Manhattan Associates IncSERVICES-PREPACKAGED SOFTWARE	-0.25
ATER	Aterian, Inc. Common StockELECTRIC HOUSEWARES & FANS	-0.23
UCIB	ETRACS UBS Bloomberg Constant Maturity Commodity Index (CMCI) Total Return ETN Series B due April 5, 2038	-0.22

Frequently asked questions about NIPG correlations

Which stocks are most correlated with NIPG?: Based on one year of daily returns, the stocks most correlated with NIP Group Inc. American Depositary Shares (NIPG) are DAAQ (0.37), UTZ (0.32) and PSN (0.31). 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 NIPG?: Over the past year, the stocks most inversely correlated with NIP Group Inc. American Depositary Shares (NIPG) are CLBK (-0.36), EGG (-0.25) and MANH (-0.25). 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 NIPG correlations calculated?: We compute the correlation of daily returns between NIPG 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.

Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.