Cross Timbers Royalty Trust (CRT) — Stock Correlations & Overview
Over the past year, CRT has moved most closely with BTE, RRC, OXY.WS. Explore the stocks most correlated and inversely correlated with CRT below, along with its price, financials, and company profile.
Stocks correlated with CRT
Correlation of daily returns. Higher positive values move with CRT; negative values move opposite it. Informational only, not investment advice.
Most correlated with CRT
| Symbol | Company | Correlation |
|---|---|---|
| BTE | Baytex Energy Corp. | 0.32 |
| RRC | Range Resources CorpCRUDE PETROLEUM & NATURAL GAS | 0.30 |
| OXY.WS | Occidental Petroleum Corporation Warrants to Purchase Common StockCRUDE PETROLEUM & NATURAL GAS | 0.28 |
| OXY | Occidental Petroleum CorporationCRUDE PETROLEUM & NATURAL GAS | 0.28 |
| FCG | First Trust Natural Gas ETF | 0.27 |
Most inversely correlated with CRT
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.25 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.25 |
| IIF | Morgan Stanley India Investment Fund, Inc. | -0.24 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.24 |
| IAGG | iShares Core International Aggregate Bond Fund | -0.23 |
Frequently asked questions about CRT correlations
- Which stocks are most correlated with CRT?
- Based on one year of daily returns, the stocks most correlated with Cross Timbers Royalty Trust (CRT) are BTE (0.32), RRC (0.30) and OXY.WS (0.28). 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 CRT?
- Over the past year, the stocks most inversely correlated with Cross Timbers Royalty Trust (CRT) are OILD (-0.25), DRIP (-0.25) and IIF (-0.24). 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 CRT correlations calculated?
- We compute the correlation of daily returns between CRT 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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