COtwo Advisors Physical European Carbon Allowance Trust (CTWO) — Stock Correlations & Overview
Over the past year, CTWO has moved most closely with GRN, KRBN, RGT. Explore the stocks most correlated and inversely correlated with CTWO below, along with its price, financials, and company profile.
Stocks correlated with CTWO
Correlation of daily returns. Higher positive values move with CTWO; negative values move opposite it. Informational only, not investment advice.
Most correlated with CTWO
| Symbol | Company | Correlation |
|---|---|---|
| GRN | iPath Series B Carbon Exchange-Traded Notes | 0.33 |
| KRBN | KraneShares Global Carbon Strategy ETF | 0.29 |
| RGT | Royce Global Trust, Inc. | 0.28 |
| ZSC | USCF Sustainable Commodity Strategy Fund | 0.26 |
| IX | ORIX Corporation American Depositary Shares (each representing One (1) Share of Common Stock) | 0.25 |
Most inversely correlated with CTWO
| Symbol | Company | Correlation |
|---|---|---|
| OKE | Oneok, Inc.NATURAL GAS TRANSMISSION & DISTRIBUTION | -0.25 |
| FLNG | FLEX LNG Ltd. Ordinary Shares | -0.24 |
| TYL | Tyler Technologies, Inc.SERVICES-PREPACKAGED SOFTWARE | -0.24 |
| VLO | Valero Energy CorporationPETROLEUM REFINING | -0.22 |
| CRAI | CRA International, Inc.SERVICES-LEGAL SERVICES | -0.22 |
Frequently asked questions about CTWO correlations
- Which stocks are most correlated with CTWO?
- Based on one year of daily returns, the stocks most correlated with COtwo Advisors Physical European Carbon Allowance Trust (CTWO) are GRN (0.33), KRBN (0.29) and RGT (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 CTWO?
- Over the past year, the stocks most inversely correlated with COtwo Advisors Physical European Carbon Allowance Trust (CTWO) are OKE (-0.25), FLNG (-0.24) and TYL (-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 CTWO correlations calculated?
- We compute the correlation of daily returns between CTWO 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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