XCHG Limited American Depositary Share (XCH) — Stock Correlations & Overview
Over the past year, XCH has moved most closely with ELBM, BEAG, NMG. Explore the stocks most correlated and inversely correlated with XCH below, along with its price, financials, and company profile.
Stocks correlated with XCH
Correlation of daily returns. Higher positive values move with XCH; negative values move opposite it. Informational only, not investment advice.
Most correlated with XCH
| Symbol | Company | Correlation |
|---|---|---|
| ELBM | Electra Battery Materials Corporation Common Stock | 0.38 |
| BEAG | Bold Eagle Acquisition Corp. Class A Ordinary SharesBLANK CHECKS | 0.29 |
| NMG | Nouveau Monde Graphite Inc. | 0.29 |
| MNPR | Monopar Therapeutics Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.28 |
| CHNR | China Natural Resources, Inc.WHOLESALE-MISCELLANEOUS NONDURABLE GOODS | 0.28 |
Most inversely correlated with XCH
| Symbol | Company | Correlation |
|---|---|---|
| TVRD | Tvardi Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.42 |
| QNRX | Quoin Pharmaceuticals, Ltd. American Depositary SharesPHARMACEUTICAL PREPARATIONS | -0.28 |
| MCGA | Yorkville Acquisition Corp. Class A Ordinary ShareFINANCE SERVICES | -0.27 |
| RGTZ | Defiance Daily Target 2x Short RGTI ETF | -0.24 |
| PTGX | Protagonist Therapeutics, IncPHARMACEUTICAL PREPARATIONS | -0.23 |
Frequently asked questions about XCH correlations
- Which stocks are most correlated with XCH?
- Based on one year of daily returns, the stocks most correlated with XCHG Limited American Depositary Share (XCH) are ELBM (0.38), BEAG (0.29) and NMG (0.29). 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 XCH?
- Over the past year, the stocks most inversely correlated with XCHG Limited American Depositary Share (XCH) are TVRD (-0.42), QNRX (-0.28) and MCGA (-0.27). 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 XCH correlations calculated?
- We compute the correlation of daily returns between XCH 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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