Phoenix Asia Holdings Limited Ordinary Shares (PHOE) — Stock Correlations & Overview
Over the past year, PHOE has moved most closely with ELPW, BOIL, TPST. Explore the stocks most correlated and inversely correlated with PHOE below, along with its price, financials, and company profile.
Stocks correlated with PHOE
Correlation of daily returns. Higher positive values move with PHOE; negative values move opposite it. Informational only, not investment advice.
Most correlated with PHOE
| Symbol | Company | Correlation |
|---|---|---|
| ELPW | Elong Power Holding Limited Class A Ordinary Shares | 0.76 |
| BOIL | ProShares Ultra Bloomberg Natural GasCOMMODITY CONTRACTS BROKERS & DEALERS | 0.52 |
| TPST | Tempest Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.51 |
| UNG | United States Natural Gas Fund, LP UnitCOMMODITY CONTRACTS BROKERS & DEALERS | 0.47 |
| UNL | United States 12 Month Natural Gas Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | 0.47 |
Most inversely correlated with PHOE
| Symbol | Company | Correlation |
|---|---|---|
| PFSI | PennyMac Financial Services, Inc. Common StockMORTGAGE BANKERS & LOAN CORRESPONDENTS | -0.49 |
| KXIN | Kaixin Holdings Ordinary SharesRETAIL-AUTO DEALERS & GASOLINE STATIONS | -0.48 |
| KOLD | ProShares UltraShort Bloomberg Natural GasCOMMODITY CONTRACTS BROKERS & DEALERS | -0.47 |
| RITMpE | Rithm Capital Corp. 8.75% Series E Fixed-Rate Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | -0.45 |
| AGQ | ProShares Ultra SilverCOMMODITY CONTRACTS BROKERS & DEALERS | -0.45 |
Frequently asked questions about PHOE correlations
- Which stocks are most correlated with PHOE?
- Based on one year of daily returns, the stocks most correlated with Phoenix Asia Holdings Limited Ordinary Shares (PHOE) are ELPW (0.76), BOIL (0.52) and TPST (0.51). 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 PHOE?
- Over the past year, the stocks most inversely correlated with Phoenix Asia Holdings Limited Ordinary Shares (PHOE) are PFSI (-0.49), KXIN (-0.48) and KOLD (-0.47). 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 PHOE correlations calculated?
- We compute the correlation of daily returns between PHOE 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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