ENI S.p.A. (E) — Stock Correlations & Overview
Over the past year, E has moved most closely with TTE, BP, IXC. Explore the stocks most correlated and inversely correlated with E below, along with its price, financials, and company profile.
Stocks correlated with E
Correlation of daily returns. Higher positive values move with E; negative values move opposite it. Informational only, not investment advice.
Most correlated with E
| Symbol | Company | Correlation |
|---|---|---|
| TTE | TotalEnergies SE | 0.79 |
| BP | BP p.l.c. | 0.79 |
| IXC | iShares Global Energy ETF | 0.77 |
| EQNR | Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) | 0.77 |
| SHEL | Shell plc American Depositary Shares (Each represents two Ordinary shares) | 0.76 |
Most inversely correlated with E
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.68 |
| DUG | ProShares UltraShort Energy | -0.67 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.67 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.67 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.66 |
Frequently asked questions about E correlations
- Which stocks are most correlated with E?
- Based on one year of daily returns, the stocks most correlated with ENI S.p.A. (E) are TTE (0.79), BP (0.79) and IXC (0.77). 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 E?
- Over the past year, the stocks most inversely correlated with ENI S.p.A. (E) are OILD (-0.68), DUG (-0.67) and NRGD (-0.67). 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 E correlations calculated?
- We compute the correlation of daily returns between E 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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