ρ +0.87beyond mkt +0.82holdout +0.88stable 100%robust
CNXT VanEck ChiNext Innovators ETF
- Last close
- 35.75
- 504-day return
- +27.59%
- Median $/day
- $1.2M
- Relationships shown
- 12
together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture
CNXT vs ASHR
Both indexed to 100 at 2026-05-11.
Moves with CNXT
Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").
ρ +0.80beyond mkt +0.74holdout +0.80stable 100%robust
ρ +0.80beyond mkt +0.72holdout +0.79stable 100%robust
ρ +0.79beyond mkt +0.71holdout +0.80stable 100%robust
ρ +0.64beyond mkt +0.52holdout +0.63stable 100%robust
ρ +0.66beyond mkt +0.48holdout +0.62stable 100%robust
Moves against CNXT
ρ -0.38beyond mkt +0.02holdout -0.61stable 75%robust
Weekly, not daily
No day-to-day relationship, but 5- or 10-day returns move together.
horizon 10dρ +0.49holdout +0.82stable 38%moderate
horizon 10dρ +0.41holdout +0.15stable 38%moderate
horizon 10dρ +0.40holdout +0.51stable 50%moderate
horizon 10dρ +0.39holdout +0.09stable 50%moderate
horizon 5dρ +0.32holdout +0.40stable 100%robust
Changed this quarter
Biggest shifts in same-day correlation over the last 63 trading days versus the year before.
Δ -0.53recent -0.20prior +0.33beyond mkt +0.15
Δ -0.50recent -0.33prior +0.16beyond mkt +0.09
Δ -0.47recent -0.34prior +0.13beyond mkt -0.00
Δ +0.45recent +0.60prior +0.15beyond mkt +0.02
Δ +0.45recent +0.42prior -0.03beyond mkt -0.02
Δ -0.45recent -0.35prior +0.10beyond mkt -0.01
Hidden links
Strong beyond-the-market co-movement with few shared neighbours.
| Symbol | beyond mkt | raw ρ | shared | isolation |
|---|---|---|---|---|
| MINV Matthews Asia Innovators Active ETF | +0.41 | +0.63 | 2 | |
| EWX State Street SPDR S&P Emerging Markets Small Cap ETF | +0.40 | +0.62 | 5 | |
| LIT Global X Lithium & Battery Tech ETF | +0.46 | +0.64 | 12 | |
| CXSE WisdomTree Trust WisdomTree China ex-State-Owned Enterprises Fund | +0.72 | +0.80 | 21 | |
| CQQQ Invesco China Technology ETF | +0.71 | +0.79 | 21 | |
| KGRN KraneShares MSCI China Clean Technology Index ETF | +0.44 | +0.59 | 17 |