VEON Ltd. ADS (VEON) — Stock Correlations & Overview
Over the past year, VEON has moved most closely with KYIV, PSNL, EOD. Explore the stocks most correlated and inversely correlated with VEON below, along with its price, financials, and company profile.
Stocks correlated with VEON
Correlation of daily returns. Higher positive values move with VEON; negative values move opposite it. Informational only, not investment advice.
Most correlated with VEON
| Symbol | Company | Correlation |
|---|---|---|
| KYIV | Kyivstar Group Ltd. Common Shares | 0.53 |
| PSNL | Personalis, Inc. Common StockSERVICES-MEDICAL LABORATORIES | 0.39 |
| EOD | Allspring Global Dividend Opportunity Fund | 0.37 |
| DINT | Davis Select International ETF | 0.35 |
| AADR | AdvisorShares Dorsey Wright ADR ETF | 0.35 |
Most inversely correlated with VEON
| Symbol | Company | Correlation |
|---|---|---|
| EEV | ProShares Trust UltraShort MSCI Emerging Markets | -0.30 |
| EUM | ProShares Trust Short MSCI Emerging Markets | -0.30 |
| EDZ | Direxion Daily MSCI Emerging Markets Bear 3X ETF | -0.30 |
| SPDN | Direxion Daily S&P 500 Bear 1X ETF | -0.29 |
| SPXS | Direxion Daily S&P 500 Bear 3x ETF | -0.28 |
Frequently asked questions about VEON correlations
- Which stocks are most correlated with VEON?
- Based on one year of daily returns, the stocks most correlated with VEON Ltd. ADS (VEON) are KYIV (0.53), PSNL (0.39) and EOD (0.37). 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 VEON?
- Over the past year, the stocks most inversely correlated with VEON Ltd. ADS (VEON) are EEV (-0.30), EUM (-0.30) and EDZ (-0.30). 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 VEON correlations calculated?
- We compute the correlation of daily returns between VEON 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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