Alliance Resource Partners LP (ARLP) — Stock Correlations & Overview
Over the past year, ARLP has moved most closely with CNR, BTU, COAL. Explore the stocks most correlated and inversely correlated with ARLP below, along with its price, financials, and company profile.
Stocks correlated with ARLP
Correlation of daily returns. Higher positive values move with ARLP; negative values move opposite it. Informational only, not investment advice.
Most correlated with ARLP
| Symbol | Company | Correlation |
|---|---|---|
| CNR | Core Natural Resources, Inc.BITUMINOUS COAL & LIGNITE MINING | 0.44 |
| BTU | Peabody Energy CorporationBITUMINOUS COAL & LIGNITE SURFACE MINING | 0.43 |
| COAL | Range Global Coal Index ETF | 0.41 |
| PSCE | Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE | 0.35 |
| SPH | Suburban Propane Partners L PRETAIL-MISCELLANEOUS RETAIL | 0.34 |
Most inversely correlated with ARLP
| Symbol | Company | Correlation |
|---|---|---|
| ERY | Direxion Daily Energy Bear 2X ETF | -0.30 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.30 |
| DUG | ProShares UltraShort Energy | -0.30 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.28 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.28 |
Frequently asked questions about ARLP correlations
- Which stocks are most correlated with ARLP?
- Based on one year of daily returns, the stocks most correlated with Alliance Resource Partners LP (ARLP) are CNR (0.44), BTU (0.43) and COAL (0.41). 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 ARLP?
- Over the past year, the stocks most inversely correlated with Alliance Resource Partners LP (ARLP) are ERY (-0.30), OILD (-0.30) and DUG (-0.30). 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 ARLP correlations calculated?
- We compute the correlation of daily returns between ARLP 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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