Clean Energy Fuels Corp. (CLNE) — Stock Correlations & Overview
Over the past year, CLNE has moved most closely with REX, PXI, PSCE. Explore the stocks most correlated and inversely correlated with CLNE below, along with its price, financials, and company profile.
Stocks correlated with CLNE
Correlation of daily returns. Higher positive values move with CLNE; negative values move opposite it. Informational only, not investment advice.
Most correlated with CLNE
| Symbol | Company | Correlation |
|---|---|---|
| REX | REX American Resources Corp.INDUSTRIAL ORGANIC CHEMICALS | 0.41 |
| PXI | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF | 0.41 |
| PSCE | Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE | 0.38 |
| XOP | State Street SPDR S&P Oil & Gas Exploration & Production ETF | 0.37 |
| GUSH | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF | 0.37 |
Most inversely correlated with CLNE
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.37 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.33 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.33 |
| DUG | ProShares UltraShort Energy | -0.33 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.33 |
Frequently asked questions about CLNE correlations
- Which stocks are most correlated with CLNE?
- Based on one year of daily returns, the stocks most correlated with Clean Energy Fuels Corp. (CLNE) are REX (0.41), PXI (0.41) and PSCE (0.38). 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 CLNE?
- Over the past year, the stocks most inversely correlated with Clean Energy Fuels Corp. (CLNE) are DRIP (-0.37), OILD (-0.33) and NRGD (-0.33). 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 CLNE correlations calculated?
- We compute the correlation of daily returns between CLNE 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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