EON Resources Inc. (EONR) — Stock Correlations & Overview
Over the past year, EONR has moved most closely with TPET, USL, UCO. Explore the stocks most correlated and inversely correlated with EONR below, along with its price, financials, and company profile.
Stocks correlated with EONR
Correlation of daily returns. Higher positive values move with EONR; negative values move opposite it. Informational only, not investment advice.
Most correlated with EONR
| Symbol | Company | Correlation |
|---|---|---|
| TPET | Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS | 0.54 |
| USL | United States 12 Month Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | 0.50 |
| UCO | ProShares Ultra Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | 0.50 |
| BNO | United States Brent Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | 0.50 |
| USO | United States Oil Fund, LPCOMMODITY CONTRACTS BROKERS & DEALERS | 0.49 |
Most inversely correlated with EONR
| Symbol | Company | Correlation |
|---|---|---|
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.50 |
| JPIB | JPMorgan International Bond Opportunities ETF | -0.43 |
| EMHY | iShares J.P. Morgan EM High Yield Bond ETF | -0.43 |
| EMB | iShares J.P. Morgan USD Emerging Markets Bond ETF | -0.42 |
| IMAR | Innovator International Developed Power Buffer ETF - March | -0.42 |
Frequently asked questions about EONR correlations
- Which stocks are most correlated with EONR?
- Based on one year of daily returns, the stocks most correlated with EON Resources Inc. (EONR) are TPET (0.54), USL (0.50) and UCO (0.50). 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 EONR?
- Over the past year, the stocks most inversely correlated with EON Resources Inc. (EONR) are SCO (-0.50), JPIB (-0.43) and EMHY (-0.43). 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 EONR correlations calculated?
- We compute the correlation of daily returns between EONR 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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