DT Midstream, Inc. (DTM) — Stock Correlations & Overview
Over the past year, DTM has moved most closely with WMB, KMI, TPYP. Explore the stocks most correlated and inversely correlated with DTM below, along with its price, financials, and company profile.
Stocks correlated with DTM
Correlation of daily returns. Higher positive values move with DTM; negative values move opposite it. Informational only, not investment advice.
Most correlated with DTM
| Symbol | Company | Correlation |
|---|---|---|
| WMB | Williams Companies Inc.NATURAL GAS TRANSMISSION | 0.77 |
| KMI | Kinder Morgan, Inc.NATURAL GAS TRANSMISSION | 0.74 |
| TPYP | Tortoise North American Pipeline ETF | 0.72 |
| UMI | USCF Midstream Energy Income Fund | 0.71 |
| MLPX | Global X MLP & Energy Infrastructure ETF | 0.71 |
Most inversely correlated with DTM
| Symbol | Company | Correlation |
|---|---|---|
| SDP | ProShares UltraShort Utilities | -0.41 |
| DUG | ProShares UltraShort Energy | -0.32 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.32 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.32 |
| DRV | Direxion Daily Real Estate Bear 3X ETF | -0.26 |
Frequently asked questions about DTM correlations
- Which stocks are most correlated with DTM?
- Based on one year of daily returns, the stocks most correlated with DT Midstream, Inc. (DTM) are WMB (0.77), KMI (0.74) and TPYP (0.72). 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 DTM?
- Over the past year, the stocks most inversely correlated with DT Midstream, Inc. (DTM) are SDP (-0.41), DUG (-0.32) and ERY (-0.32). 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 DTM correlations calculated?
- We compute the correlation of daily returns between DTM 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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