Shengfeng Development Limited Class A Ordinary Shares (SFWL) — Stock Correlations & Overview
Over the past year, SFWL has moved most closely with CPAC, RILYP, RILYL. Explore the stocks most correlated and inversely correlated with SFWL below, along with its price, financials, and company profile.
Stocks correlated with SFWL
Correlation of daily returns. Higher positive values move with SFWL; negative values move opposite it. Informational only, not investment advice.
Most correlated with SFWL
| Symbol | Company | Correlation |
|---|---|---|
| CPAC | CEMENTOS PACASMAYO S.A.A. | 0.33 |
| RILYP | BRC Group Holdings, Inc. Depositary Shares, each representing a 1/1000th fractional interest in a share of Series A Cumulative Perpetual Preferred StockINVESTMENT ADVICE | 0.28 |
| RILYL | BRC Group Holdings, Inc. Depositary Shares each representing 1/1000th in a share of 7.375% Series B Cumulative Perpetual Preferred Stock, par value $0.0001INVESTMENT ADVICE | 0.28 |
| CHOW | ChowChow Cloud International Holdings Limited | 0.28 |
| MSFU | Direxion Shares ETF Trust Direxion Daily MSFT Bull 2X ETF | 0.27 |
Most inversely correlated with SFWL
| Symbol | Company | Correlation |
|---|---|---|
| AVGB | Avantis Credit ETF | -0.30 |
| FTGC | First Trust Global Tactical Commodity Strategy Fund | -0.29 |
| MSFD | Direxion Shares ETF Trust Direxion Daily MSFT Bear 1X ETF | -0.28 |
| CMDY | iShares Bloomberg Roll Select Commodity Strategy ETF | -0.26 |
| CCB | Coastal Financial CorporationSTATE COMMERCIAL BANKS | -0.25 |
Frequently asked questions about SFWL correlations
- Which stocks are most correlated with SFWL?
- Based on one year of daily returns, the stocks most correlated with Shengfeng Development Limited Class A Ordinary Shares (SFWL) are CPAC (0.33), RILYP (0.28) and RILYL (0.28). 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 SFWL?
- Over the past year, the stocks most inversely correlated with Shengfeng Development Limited Class A Ordinary Shares (SFWL) are AVGB (-0.30), FTGC (-0.29) and MSFD (-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 SFWL correlations calculated?
- We compute the correlation of daily returns between SFWL 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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