Cheniere Energy Partners, LP (CQP) — Stock Correlations & Overview
Over the past year, CQP has moved most closely with MLPA, AMUB, MLPR. Explore the stocks most correlated and inversely correlated with CQP below, along with its price, financials, and company profile.
Stocks correlated with CQP
Correlation of daily returns. Higher positive values move with CQP; negative values move opposite it. Informational only, not investment advice.
Most correlated with CQP
| Symbol | Company | Correlation |
|---|---|---|
| MLPA | Global X MLP ETF | 0.69 |
| AMUB | ETRACS Alerian MLP Index ETN Series B due July 18, 2042 | 0.65 |
| MLPR | ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN | 0.64 |
| AMLP | Alerian MLP ETF | 0.64 |
| MLPB | ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040 | 0.62 |
Most inversely correlated with CQP
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.47 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.47 |
| DUG | ProShares UltraShort Energy | -0.47 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.46 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.45 |
Frequently asked questions about CQP correlations
- Which stocks are most correlated with CQP?
- Based on one year of daily returns, the stocks most correlated with Cheniere Energy Partners, LP (CQP) are MLPA (0.69), AMUB (0.65) and MLPR (0.64). 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 CQP?
- Over the past year, the stocks most inversely correlated with Cheniere Energy Partners, LP (CQP) are OILD (-0.47), ERY (-0.47) and DUG (-0.47). 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 CQP correlations calculated?
- We compute the correlation of daily returns between CQP 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.