Calumet, Inc. Common Stock (CLMT) — Stock Correlations & Overview
Over the past year, CLMT has moved most closely with DAR, PXI, MPC. Explore the stocks most correlated and inversely correlated with CLMT below, along with its price, financials, and company profile.
Stocks correlated with CLMT
Correlation of daily returns. Higher positive values move with CLMT; negative values move opposite it. Informational only, not investment advice.
Most correlated with CLMT
| Symbol | Company | Correlation |
|---|---|---|
| DAR | DARLING INGREDIENTS INC.FATS & OILS | 0.46 |
| PXI | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF | 0.46 |
| MPC | MARATHON PETROLEUM CORPORATIONPETROLEUM REFINING | 0.45 |
| CRAK | VanEck Oil Refiners ETF | 0.45 |
| PBF | PBF ENERGY INC.PETROLEUM REFINING | 0.44 |
Most inversely correlated with CLMT
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.41 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.41 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.39 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.37 |
| DUG | ProShares UltraShort Energy | -0.37 |
Frequently asked questions about CLMT correlations
- Which stocks are most correlated with CLMT?
- Based on one year of daily returns, the stocks most correlated with Calumet, Inc. Common Stock (CLMT) are DAR (0.46), PXI (0.46) and MPC (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 CLMT?
- Over the past year, the stocks most inversely correlated with Calumet, Inc. Common Stock (CLMT) are DRIP (-0.41), NRGD (-0.41) and WTID (-0.39). 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 CLMT correlations calculated?
- We compute the correlation of daily returns between CLMT 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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