Crescent Energy Company (CRGY) — Stock Correlations & Overview
Over the past year, CRGY has moved most closely with OILT, FCG, PXE. Explore the stocks most correlated and inversely correlated with CRGY below, along with its price, financials, and company profile.
Stocks correlated with CRGY
Correlation of daily returns. Higher positive values move with CRGY; negative values move opposite it. Informational only, not investment advice.
Most correlated with CRGY
| Symbol | Company | Correlation |
|---|---|---|
| OILT | Texas Capital Texas Oil Index ETF | 0.87 |
| FCG | First Trust Natural Gas ETF | 0.86 |
| PXE | Invesco Energy Exploration & Production ETF | 0.85 |
| FXN | First Trust Energy AlphaDEX Fund | 0.84 |
| GUSH | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF | 0.84 |
Most inversely correlated with CRGY
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.84 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.77 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.75 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.75 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.75 |
Frequently asked questions about CRGY correlations
- Which stocks are most correlated with CRGY?
- Based on one year of daily returns, the stocks most correlated with Crescent Energy Company (CRGY) are OILT (0.87), FCG (0.86) and PXE (0.85). 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 CRGY?
- Over the past year, the stocks most inversely correlated with Crescent Energy Company (CRGY) are DRIP (-0.84), OILD (-0.77) and NRGD (-0.75). 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 CRGY correlations calculated?
- We compute the correlation of daily returns between CRGY 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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