CMB.TECH NV (CMBT) — Stock Correlations & Overview
Over the past year, CMBT has moved most closely with NMM, TEN, FRO. Explore the stocks most correlated and inversely correlated with CMBT below, along with its price, financials, and company profile.
Stocks correlated with CMBT
Correlation of daily returns. Higher positive values move with CMBT; negative values move opposite it. Informational only, not investment advice.
Most correlated with CMBT
| Symbol | Company | Correlation |
|---|---|---|
| NMM | Navios Maritime Partners L.P. | 0.69 |
| TEN | Tsakos Energy Navigation Ltd. | 0.69 |
| FRO | Frontline Plc | 0.67 |
| INSW | International Seaways, Inc. Common StockWATER TRANSPORTATION | 0.63 |
| BOAT | SonicShares Global Shipping ETF | 0.63 |
Most inversely correlated with CMBT
| Symbol | Company | Correlation |
|---|---|---|
| BZQ | ProShares UltraShort MSCI Brazil Capped | -0.21 |
| WOOF | Petco Health and Wellness Company, Inc. Class A Common StockRETAIL-RETAIL STORES, NEC | -0.20 |
| ACHC | Acadia Healthcare Company, Inc.SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC | -0.20 |
| ETIp | Entergy Texas, Inc. 5.375% Series A Preferred StockELECTRIC SERVICES | -0.19 |
| MSTZ | T-Rex 2X Inverse MSTR Daily Target ETF | -0.17 |
Frequently asked questions about CMBT correlations
- Which stocks are most correlated with CMBT?
- Based on one year of daily returns, the stocks most correlated with CMB.TECH NV (CMBT) are NMM (0.69), TEN (0.69) and FRO (0.67). 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 CMBT?
- Over the past year, the stocks most inversely correlated with CMB.TECH NV (CMBT) are BZQ (-0.21), WOOF (-0.20) and ACHC (-0.20). 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 CMBT correlations calculated?
- We compute the correlation of daily returns between CMBT 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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