Which stocks are most correlated with RDAC?

Based on one year of daily returns, the stocks most correlated with Rising Dragon Acquisition Corp. Ordinary Shares (RDAC) are COCO (0.44), EXTR (0.42) and NXPI (0.36). 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 RDAC?

Over the past year, the stocks most inversely correlated with Rising Dragon Acquisition Corp. Ordinary Shares (RDAC) are ASH (-0.41), SITE (-0.40) and MKL (-0.39). A negative correlation means the two stocks have tended to move in opposite directions.

Rising Dragon Acquisition Corp. Ordinary Shares (RDAC) — Stock Correlations & Overview

Over the past year, RDAC has moved most closely with COCO, EXTR, NXPI. Explore the stocks most correlated and inversely correlated with RDAC below, along with its price, financials, and company profile.

Stocks correlated with RDAC

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

Most correlated with RDAC

Symbol	Company	Correlation
COCO	The Vita Coco Company, Inc. Common StockBEVERAGES	0.44
EXTR	Extreme NetworksCOMPUTER COMMUNICATIONS EQUIPMENT	0.42
NXPI	NXP Semiconductors N.V.SEMICONDUCTORS & RELATED DEVICES	0.36
PRG	PROG Holdings, Inc.SERVICES-EQUIPMENT RENTAL & LEASING, NEC	0.35
SIMO	Silicon Motion Technology Corporation	0.35

Most inversely correlated with RDAC

Symbol	Company	Correlation
ASH	Ashland Inc.WHOLESALE-CHEMICALS & ALLIED PRODUCTS	-0.41
SITE	SiteOne Landscape Supply, Inc.WHOLESALE-PROFESSIONAL & COMMERCIAL EQUIPMENT & SUPPLIES	-0.40
MKL	Markel Group Inc.FIRE, MARINE & CASUALTY INSURANCE	-0.39
ANIK	Anika Therapeutics IncSURGICAL & MEDICAL INSTRUMENTS & APPARATUS	-0.38
GEHC	GE HealthCare Technologies Inc. Common StockX-RAY APPARATUS & TUBES & RELATED IRRADIATION APPARATUS	-0.36

Frequently asked questions about RDAC correlations

Which stocks are most correlated with RDAC?: Based on one year of daily returns, the stocks most correlated with Rising Dragon Acquisition Corp. Ordinary Shares (RDAC) are COCO (0.44), EXTR (0.42) and NXPI (0.36). 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 RDAC?: Over the past year, the stocks most inversely correlated with Rising Dragon Acquisition Corp. Ordinary Shares (RDAC) are ASH (-0.41), SITE (-0.40) and MKL (-0.39). 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 RDAC correlations calculated?: We compute the correlation of daily returns between RDAC 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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