NCI Neo-Concept International Group Holdings Limited Class A Ordinary Shares

NCI is bought and sold on the same days as BATL, BRNX, SAN.

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

Weekly, not daily

No day-to-day relationship, but 5- or 10-day returns move together.

HUMA Humacyte, Inc. Common Stock

horizon 10dρ +0.40holdout +0.49stable 25%moderate

CVU CPI Aerostructures, Inc.

horizon 10dρ +0.40holdout +0.50stable 12%moderate

SVC Service Properties Trust Common Shares of Beneficial Interest

horizon 10dρ +0.38holdout +0.47stable 25%moderate

ANGO AngioDynamics, Inc. Common Stock

horizon 10dρ +0.36holdout +0.34stable 38%moderate

BYND Beyond Meat, Inc. Common Stock

horizon 10dρ +0.36holdout +0.41stable 12%moderate

BSIN Big Sky Industrial Inc. Common Stock

horizon 10dρ +0.35holdout +0.53stable 25%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

AGIG Abundia Global Impact Group Inc.

Δ +0.47recent +0.44prior -0.03beyond mkt -0.02

TANH Tantech Holdings Ltd. Class A Common Shares

Δ -0.43recent -0.30prior +0.12beyond mkt +0.04

VPV Invesco Pennsylvania Value Municipal Income Trust

Δ -0.40recent -0.39prior +0.01beyond mkt -0.05

ALVO Alvotech Ordinary Shares

Δ +0.39recent +0.37prior -0.02beyond mkt -0.00

INVX Innovex International, Inc.

Δ +0.39recent +0.36prior -0.02beyond mkt -0.04

AETR Aetherion Technologies Inc. Common Shares

Δ +0.38recent +0.40prior +0.02beyond mkt +0.04

Abnormal volume rises and falls on the same days as NCI's, while prices do not move together: the same hands, not the same business.

Symbol	traded together ρ	big prints together ρ	priced together ρ	q
BATL Battalion Oil Corporation	+0.33	+0.26	-0.04	2e-10
BRNX BrenX Ltd. Ordinary Shares	+0.31	+0.22	-0.03	2e-9
SAN Banco Santander S.A.	+0.32	+0.21	+0.03	1e-9
FFAI Faraday Future Intelligent Electric Inc. Class A Common Stock	+0.34	-0.05	+0.01	3e-11