Vaalco Energy, Inc. (EGY) — Stock Correlations & Overview
Over the past year, EGY has moved most closely with FCG, OILT, OXY. Explore the stocks most correlated and inversely correlated with EGY below, along with its price, financials, and company profile.
Stocks correlated with EGY
Correlation of daily returns. Higher positive values move with EGY; negative values move opposite it. Informational only, not investment advice.
Most correlated with EGY
| Symbol | Company | Correlation |
|---|---|---|
| FCG | First Trust Natural Gas ETF | 0.69 |
| OILT | Texas Capital Texas Oil Index ETF | 0.68 |
| OXY | Occidental Petroleum CorporationCRUDE PETROLEUM & NATURAL GAS | 0.67 |
| OXY.WS | Occidental Petroleum Corporation Warrants to Purchase Common StockCRUDE PETROLEUM & NATURAL GAS | 0.67 |
| VET | VERMILION ENERGY INC. | 0.66 |
Most inversely correlated with EGY
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.66 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.63 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.63 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.62 |
| DUG | ProShares UltraShort Energy | -0.61 |
Frequently asked questions about EGY correlations
- Which stocks are most correlated with EGY?
- Based on one year of daily returns, the stocks most correlated with Vaalco Energy, Inc. (EGY) are FCG (0.69), OILT (0.68) and OXY (0.67). 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 EGY?
- Over the past year, the stocks most inversely correlated with Vaalco Energy, Inc. (EGY) are DRIP (-0.66), WTID (-0.63) and OILD (-0.63). 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 EGY correlations calculated?
- We compute the correlation of daily returns between EGY 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.