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CAAS correlations (China Automotive Systems, Inc.)

Which assets move with CAAS and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)

34.5%

3y weekly

Beta vs S&P 500

0.49

3y weekly

1-year return

+24.8%

price, adjusted

5-year return

+72.1%

price, adjusted

Market cap

$0.2B

latest

P/E ratio

2.8

trailing

Max drawdown

-32.9%

3y, daily closes

CAAS over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with CAAS

Asset		Correlation (3Y)
NBR	Nabors Industries Ltd.	0.40
FRA	Blackrock Floating Rate Income Strategies Fund Inc	0.40
NOV	NOV Inc.	0.38
FUND	Sprott Focus Trust, Inc. - Closed End Fund	0.38
KYN	Kayne Anderson Energy Infrastructure Fund, Inc.	0.38

These are the assets whose returns had the least to do with CAAS's, historically the most independent picks in our universe.

Asset		Correlation (3Y)
VXX	iPath Series B S&P 500 VIX Short-Term Futures ETN	-0.26
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.22
MVST	Microvast Holdings, Inc.	-0.19

Free API · no key required

$ curl https://www.pairbook.io/api/v1/symbols/caas.json

Correlations, diversifiers, beta and volatility for CAAS, plus one endpoint per pair. API documentation.