Which stocks are most correlated with CVEO?

Based on one year of daily returns, the stocks most correlated with Civeo Corporation (CVEO) are TGE (0.40), NPKI (0.37) and PRLB (0.37). 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 CVEO?

Over the past year, the stocks most inversely correlated with Civeo Corporation (CVEO) are SDD (-0.32), SBB (-0.30) and CAOS (-0.29). A negative correlation means the two stocks have tended to move in opposite directions.

Civeo Corporation (CVEO) — Stock Correlations & Overview

Over the past year, CVEO has moved most closely with TGE, NPKI, PRLB. Explore the stocks most correlated and inversely correlated with CVEO below, along with its price, financials, and company profile.

Stocks correlated with CVEO

Correlation of daily returns. Higher positive values move with CVEO; negative values move opposite it. Informational only, not investment advice.

Most correlated with CVEO

Symbol	Company	Correlation
TGE	The Generation Essentials Group	0.40
NPKI	NPK International Inc.SERVICES-MISCELLANEOUS EQUIPMENT RENTAL & LEASING	0.37
PRLB	PROTO LABS, INC.FABRICATED STRUCTURAL METAL PRODUCTS	0.37
WTTR	Select Water Solutions, Inc.OIL & GAS FIELD SERVICES, NEC	0.36
MSBI	Midland States Bancorp, Inc. Common StockSTATE COMMERCIAL BANKS	0.36

Most inversely correlated with CVEO

Symbol	Company	Correlation
SDD	ProShares UltraShort SmallCap600	-0.32
SBB	ProShares Short SmallCap600	-0.30
CAOS	Alpha Architect Tail Risk ETF	-0.29
SMDD	ProShares UltraPro Short MidCap400	-0.29
MYY	ProShares Short MidCap400	-0.28

Frequently asked questions about CVEO correlations

Which stocks are most correlated with CVEO?: Based on one year of daily returns, the stocks most correlated with Civeo Corporation (CVEO) are TGE (0.40), NPKI (0.37) and PRLB (0.37). 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 CVEO?: Over the past year, the stocks most inversely correlated with Civeo Corporation (CVEO) are SDD (-0.32), SBB (-0.30) and CAOS (-0.29). 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 CVEO correlations calculated?: We compute the correlation of daily returns between CVEO 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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