Yimutian Inc. American Depositary Shares (YMT) — Stock Correlations & Overview
Over the past year, YMT has moved most closely with GYRE, ABRpE, JUNS. Explore the stocks most correlated and inversely correlated with YMT below, along with its price, financials, and company profile.
Stocks correlated with YMT
Correlation of daily returns. Higher positive values move with YMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with YMT
| Symbol | Company | Correlation |
|---|---|---|
| GYRE | Gyre Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.27 |
| ABRpE | Arbor Realty Trust, Inc. 6.25% Series E Cumulative Redeemable Preferred StockREAL ESTATE INVESTMENT TRUSTS | 0.27 |
| JUNS | Jupiter Neurosciences, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.27 |
| JYD | Jayud Global Logistics Limited Class A Ordinary Shares | 0.25 |
| ABRpD | Arbor Realty Trust, Inc. 6.375% Series D Cumulative Redeemable Preferred Stock, Liquidation Preference $25.00 per ShareREAL ESTATE INVESTMENT TRUSTS | 0.23 |
Most inversely correlated with YMT
| Symbol | Company | Correlation |
|---|---|---|
| MGYR | Magyar Bancorp, Inc.SAVINGS INSTITUTION, FEDERALLY CHARTERED | -0.28 |
| OXLCN | Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock | -0.26 |
| GDYN | Grid Dynamics Holdings, Inc. Class A Common StockSERVICES-PREPACKAGED SOFTWARE | -0.26 |
| GCL | GCL Global Holdings Ltd Ordinary Shares | -0.26 |
| PRIFpK | Priority Income Fund, Inc. 7.000% Series K Cumulative Preferred Stock | -0.23 |
Frequently asked questions about YMT correlations
- Which stocks are most correlated with YMT?
- Based on one year of daily returns, the stocks most correlated with Yimutian Inc. American Depositary Shares (YMT) are GYRE (0.27), ABRpE (0.27) and JUNS (0.27). 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 YMT?
- Over the past year, the stocks most inversely correlated with Yimutian Inc. American Depositary Shares (YMT) are MGYR (-0.28), OXLCN (-0.26) and GDYN (-0.26). 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 YMT correlations calculated?
- We compute the correlation of daily returns between YMT 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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