Xunlei Limited (XNET) — Stock Correlations & Overview
Over the past year, XNET has moved most closely with ARKT, METV, ARKW. Explore the stocks most correlated and inversely correlated with XNET below, along with its price, financials, and company profile.
Stocks correlated with XNET
Correlation of daily returns. Higher positive values move with XNET; negative values move opposite it. Informational only, not investment advice.
Most correlated with XNET
| Symbol | Company | Correlation |
|---|---|---|
| ARKT | ARK DIET Q4 Buffer ETF | 0.57 |
| METV | Roundhill Ball Metaverse ETF | 0.57 |
| ARKW | ARK Next Generation Internet ETF | 0.56 |
| WISE | Themes Generative Artificial Intelligence ETF | 0.56 |
| GINN | Goldman Sachs Innovate Equity ETF | 0.55 |
Most inversely correlated with XNET
| Symbol | Company | Correlation |
|---|---|---|
| SARK | Investment Managers Series Trust II Tradr 1X Short Innovation Daily ETF | -0.54 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.50 |
| PSQ | ProShares Short QQQ | -0.46 |
| TWM | ProShares UltraShort Russell2000 | -0.46 |
| SRTY | ProShares UltraPro Short Russell2000 | -0.46 |
Frequently asked questions about XNET correlations
- Which stocks are most correlated with XNET?
- Based on one year of daily returns, the stocks most correlated with Xunlei Limited (XNET) are ARKT (0.57), METV (0.57) and ARKW (0.56). 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 XNET?
- Over the past year, the stocks most inversely correlated with Xunlei Limited (XNET) are SARK (-0.54), BERZ (-0.50) and PSQ (-0.46). 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 XNET correlations calculated?
- We compute the correlation of daily returns between XNET 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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