EQT CORP (EQT) — Stock Correlations & Overview
Over the past year, EQT has moved most closely with EXE, RRC, AR. Explore the stocks most correlated and inversely correlated with EQT below, along with its price, financials, and company profile.
Stocks correlated with EQT
Correlation of daily returns. Higher positive values move with EQT; negative values move opposite it. Informational only, not investment advice.
Most correlated with EQT
| Symbol | Company | Correlation |
|---|---|---|
| EXE | Expand Energy Corporation Common StockCRUDE PETROLEUM & NATURAL GAS | 0.81 |
| RRC | Range Resources CorpCRUDE PETROLEUM & NATURAL GAS | 0.80 |
| AR | ANTERO RESOURCES CORPORATIONCRUDE PETROLEUM & NATURAL GAS | 0.77 |
| CRK | Comstock Resources, Inc.CRUDE PETROLEUM & NATURAL GAS | 0.71 |
| GPOR | Gulfport Energy CorporationCRUDE PETROLEUM & NATURAL GAS | 0.69 |
Most inversely correlated with EQT
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.52 |
| KOLD | ProShares UltraShort Bloomberg Natural GasCOMMODITY CONTRACTS BROKERS & DEALERS | -0.52 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.51 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.50 |
| DUG | ProShares UltraShort Energy | -0.46 |
Frequently asked questions about EQT correlations
- Which stocks are most correlated with EQT?
- Based on one year of daily returns, the stocks most correlated with EQT CORP (EQT) are EXE (0.81), RRC (0.80) and AR (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 EQT?
- Over the past year, the stocks most inversely correlated with EQT CORP (EQT) are DRIP (-0.52), KOLD (-0.52) and OILD (-0.51). 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 EQT correlations calculated?
- We compute the correlation of daily returns between EQT 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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