Zhongchao Inc. Class A Ordinary Shares (ZCMD) — Stock Correlations & Overview
Over the past year, ZCMD has moved most closely with WTIP, OCS, PLAB. Explore the stocks most correlated and inversely correlated with ZCMD below, along with its price, financials, and company profile.
Stocks correlated with ZCMD
Correlation of daily returns. Higher positive values move with ZCMD; negative values move opposite it. Informational only, not investment advice.
Most correlated with ZCMD
| Symbol | Company | Correlation |
|---|---|---|
| WTIP | WisdomTree Inflation Plus Fund | 0.35 |
| OCS | Oculis Holding AG Ordinary shares | 0.35 |
| PLAB | Photronics IncSEMICONDUCTORS & RELATED DEVICES | 0.29 |
| TSLP | Kurv Yield Premium Strategy Tesla (TSLA) ETF | 0.27 |
| TSII | REX TSLA Covered Call ETF | 0.27 |
Most inversely correlated with ZCMD
| Symbol | Company | Correlation |
|---|---|---|
| RBKB | Rhinebeck Bancorp, Inc. Common StockSAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED | -0.37 |
| PD | PagerDuty, Inc.SERVICES-PREPACKAGED SOFTWARE | -0.25 |
| MASK | 3 E Network Technology Group Ltd Class A Ordinary Shares | -0.24 |
| TSLS | Direxion Shares ETF Trust Direxion Daily TSLA Bear 1X ETF | -0.24 |
| TSLZ | T-Rex 2X Inverse Tesla Daily Target ETF | -0.24 |
Frequently asked questions about ZCMD correlations
- Which stocks are most correlated with ZCMD?
- Based on one year of daily returns, the stocks most correlated with Zhongchao Inc. Class A Ordinary Shares (ZCMD) are WTIP (0.35), OCS (0.35) and PLAB (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 ZCMD?
- Over the past year, the stocks most inversely correlated with Zhongchao Inc. Class A Ordinary Shares (ZCMD) are RBKB (-0.37), PD (-0.25) and MASK (-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 ZCMD correlations calculated?
- We compute the correlation of daily returns between ZCMD 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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