Which stocks are most correlated with BANL?

Based on one year of daily returns, the stocks most correlated with CBL International Limited Class B Ordinary Shares (BANL) are TPET (0.32), MTDR (0.27) and TMDE (0.26). 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 BANL?

Over the past year, the stocks most inversely correlated with CBL International Limited Class B Ordinary Shares (BANL) are TMCWW (-0.27), ADT (-0.27) and LTM (-0.25). A negative correlation means the two stocks have tended to move in opposite directions.

CBL International Limited Class B Ordinary Shares (BANL) — Stock Correlations & Overview

Over the past year, BANL has moved most closely with TPET, MTDR, TMDE. Explore the stocks most correlated and inversely correlated with BANL below, along with its price, financials, and company profile.

Stocks correlated with BANL

Correlation of daily returns. Higher positive values move with BANL; negative values move opposite it. Informational only, not investment advice.

Most correlated with BANL

Symbol	Company	Correlation
TPET	Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS	0.32
MTDR	MATADOR RESOURCES COMPANYCRUDE PETROLEUM & NATURAL GAS	0.27
TMDE	TMD Energy Limited	0.26
EOG	EOG Resources, Inc.CRUDE PETROLEUM & NATURAL GAS	0.26
LNG	Cheniere Energy IncNATURAL GAS DISTRIBUTION	0.25

Most inversely correlated with BANL

Symbol	Company	Correlation
TMCWW	TMC the metals company Inc. WarrantsMETAL MINING	-0.27
ADT	ADT Inc.SERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES	-0.27
LTM	LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock)	-0.25
KLC	KinderCare Learning Companies, Inc.SERVICES-CHILD DAY CARE SERVICES	-0.25
DFCA	Dimensional California Municipal Bond ETF	-0.25

Frequently asked questions about BANL correlations

Which stocks are most correlated with BANL?: Based on one year of daily returns, the stocks most correlated with CBL International Limited Class B Ordinary Shares (BANL) are TPET (0.32), MTDR (0.27) and TMDE (0.26). 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 BANL?: Over the past year, the stocks most inversely correlated with CBL International Limited Class B Ordinary Shares (BANL) are TMCWW (-0.27), ADT (-0.27) and LTM (-0.25). 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 BANL correlations calculated?: We compute the correlation of daily returns between BANL 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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