Sound Group Inc. American Depositary Shares (SOGP) — Stock Correlations & Overview
Over the past year, SOGP has moved most closely with SANA, FOSL, VERI. Explore the stocks most correlated and inversely correlated with SOGP below, along with its price, financials, and company profile.
Stocks correlated with SOGP
Correlation of daily returns. Higher positive values move with SOGP; negative values move opposite it. Informational only, not investment advice.
Most correlated with SOGP
| Symbol | Company | Correlation |
|---|---|---|
| SANA | Sana Biotechnology, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | 0.34 |
| FOSL | Fossil Group, Inc.WATCHES, CLOCKS, CLOCKWORK OPERATED DEVICES/PARTS | 0.32 |
| VERI | Veritone, Inc. Common StockSERVICES-COMPUTER PROCESSING & DATA PREPARATION | 0.31 |
| CCSB | Carbon Collective Short Duration Green Bond ETF | 0.30 |
| GNPX | Genprex, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.29 |
Most inversely correlated with SOGP
| Symbol | Company | Correlation |
|---|---|---|
| YDKG | Yueda Digital Holding Class A Ordinary Share | -0.26 |
| JBDI | JBDI Holdings Limited Ordinary Shares | -0.26 |
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.24 |
| QBTZ | Defiance Daily Target 2x Short QBTS ETF | -0.23 |
| RWM | ProShares Short Russell2000 | -0.22 |
Frequently asked questions about SOGP correlations
- Which stocks are most correlated with SOGP?
- Based on one year of daily returns, the stocks most correlated with Sound Group Inc. American Depositary Shares (SOGP) are SANA (0.34), FOSL (0.32) and VERI (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 SOGP?
- Over the past year, the stocks most inversely correlated with Sound Group Inc. American Depositary Shares (SOGP) are YDKG (-0.26), JBDI (-0.26) and SARK (-0.24). 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 SOGP correlations calculated?
- We compute the correlation of daily returns between SOGP 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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