Barnwell Industries, Inc. (BRN) — Stock Correlations & Overview
Over the past year, BRN has moved most closely with INDO, OXY.WS, CVE. Explore the stocks most correlated and inversely correlated with BRN below, along with its price, financials, and company profile.
Stocks correlated with BRN
Correlation of daily returns. Higher positive values move with BRN; negative values move opposite it. Informational only, not investment advice.
Most correlated with BRN
| Symbol | Company | Correlation |
|---|---|---|
| INDO | Indonesia Energy Corporation Limited | 0.48 |
| OXY.WS | Occidental Petroleum Corporation Warrants to Purchase Common StockCRUDE PETROLEUM & NATURAL GAS | 0.46 |
| CVE | Cenovus Energy Inc. | 0.45 |
| OXY | Occidental Petroleum CorporationCRUDE PETROLEUM & NATURAL GAS | 0.45 |
| GUSH | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF | 0.45 |
Most inversely correlated with BRN
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.46 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.43 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.41 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.41 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.40 |
Frequently asked questions about BRN correlations
- Which stocks are most correlated with BRN?
- Based on one year of daily returns, the stocks most correlated with Barnwell Industries, Inc. (BRN) are INDO (0.48), OXY.WS (0.46) and CVE (0.45). 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 BRN?
- Over the past year, the stocks most inversely correlated with Barnwell Industries, Inc. (BRN) are DRIP (-0.46), NRGD (-0.43) and WTID (-0.41). 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 BRN correlations calculated?
- We compute the correlation of daily returns between BRN 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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