Presidio Production Company (FTW) — Stock Correlations & Overview
Over the past year, FTW has moved most closely with GBR, FTW.WS, XWEL. Explore the stocks most correlated and inversely correlated with FTW below, along with its price, financials, and company profile.
Stocks correlated with FTW
Correlation of daily returns. Higher positive values move with FTW; negative values move opposite it. Informational only, not investment advice.
Most correlated with FTW
| Symbol | Company | Correlation |
|---|---|---|
| GBR | New Concept Energy IncCRUDE PETROLEUM & NATURAL GAS | 0.33 |
| FTW.WS | Presidio Production Company Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per shareCRUDE PETROLEUM & NATURAL GAS | 0.30 |
| XWEL | XWELL, Inc. Common StockSERVICES-PERSONAL SERVICES | 0.29 |
| INDO | Indonesia Energy Corporation Limited | 0.29 |
| PED | PEDEVCO Corp.CRUDE PETROLEUM & NATURAL GAS | 0.27 |
Most inversely correlated with FTW
| Symbol | Company | Correlation |
|---|---|---|
| MDCX | Medicus Pharma Ltd. Common StockPHARMACEUTICAL PREPARATIONS | -0.28 |
| LXFR | Luxfer Holdings PLC Ordinary SharesINDUSTRIAL INORGANIC CHEMICALS | -0.26 |
| DRVN | Driven Brands Holdings Inc. Common StockSERVICES-AUTOMOTIVE REPAIR, SERVICES & PARKING | -0.26 |
| TLF | Tandy Leather Factory, Inc. Common StockLEATHER & LEATHER PRODUCTS | -0.26 |
| AMRN | Amarin Corp PlcPHARMACEUTICAL PREPARATIONS | -0.25 |
Frequently asked questions about FTW correlations
- Which stocks are most correlated with FTW?
- Based on one year of daily returns, the stocks most correlated with Presidio Production Company (FTW) are GBR (0.33), FTW.WS (0.30) and XWEL (0.29). 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 FTW?
- Over the past year, the stocks most inversely correlated with Presidio Production Company (FTW) are MDCX (-0.28), LXFR (-0.26) and DRVN (-0.26). 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 FTW correlations calculated?
- We compute the correlation of daily returns between FTW 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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