Which stocks are most correlated with DTI?

Based on one year of daily returns, the stocks most correlated with Drilling Tools International Corporation Common Stock (DTI) are BP (0.29), SHEL (0.28) and SHEH (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 DTI?

Over the past year, the stocks most inversely correlated with Drilling Tools International Corporation Common Stock (DTI) are IHG (-0.25), WTID (-0.25) and OILD (-0.24). A negative correlation means the two stocks have tended to move in opposite directions.

Drilling Tools International Corporation Common Stock (DTI) — Stock Correlations & Overview

Over the past year, DTI has moved most closely with BP, SHEL, SHEH. Explore the stocks most correlated and inversely correlated with DTI below, along with its price, financials, and company profile.

Stocks correlated with DTI

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

Most correlated with DTI

Symbol	Company	Correlation
BP	BP p.l.c.	0.29
SHEL	Shell plc American Depositary Shares (Each represents two Ordinary shares)	0.28
SHEH	Shell plc ADRhedged	0.28
E	ENI S.p.A.	0.28
BPH	BP p.l.c. ADRhedged	0.28

Most inversely correlated with DTI

Symbol	Company	Correlation
IHG	InterContinental Hotels Group Plc	-0.25
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.25
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.24
DUG	ProShares UltraShort Energy	-0.24
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.23

Frequently asked questions about DTI correlations

Which stocks are most correlated with DTI?: Based on one year of daily returns, the stocks most correlated with Drilling Tools International Corporation Common Stock (DTI) are BP (0.29), SHEL (0.28) and SHEH (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 DTI?: Over the past year, the stocks most inversely correlated with Drilling Tools International Corporation Common Stock (DTI) are IHG (-0.25), WTID (-0.25) and OILD (-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 DTI correlations calculated?: We compute the correlation of daily returns between DTI 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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