New Concept Energy Inc (GBR) — Stock Correlations & Overview
Over the past year, GBR has moved most closely with TPET, TMDE, INDO. Explore the stocks most correlated and inversely correlated with GBR below, along with its price, financials, and company profile.
Stocks correlated with GBR
Correlation of daily returns. Higher positive values move with GBR; negative values move opposite it. Informational only, not investment advice.
Most correlated with GBR
| Symbol | Company | Correlation |
|---|---|---|
| TPET | Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS | 0.40 |
| TMDE | TMD Energy Limited | 0.39 |
| INDO | Indonesia Energy Corporation Limited | 0.38 |
| PED | PEDEVCO Corp.CRUDE PETROLEUM & NATURAL GAS | 0.32 |
| BRN | Barnwell Industries, Inc.CRUDE PETROLEUM & NATURAL GAS | 0.32 |
Most inversely correlated with GBR
| Symbol | Company | Correlation |
|---|---|---|
| JFLX | JPMorgan Flexible Debt ETF | -0.33 |
| FLXR | TCW Flexible Income ETF | -0.32 |
| DSGR | Distribution Solutions Group, Inc. Common StockWHOLESALE-MACHINERY, EQUIPMENT & SUPPLIES | -0.31 |
| JPMB | JPMorgan USD Emerging Markets Sovereign Bond ETF | -0.29 |
| DYLD | LeaderShares Dynamic Yield ETF | -0.29 |
Frequently asked questions about GBR correlations
- Which stocks are most correlated with GBR?
- Based on one year of daily returns, the stocks most correlated with New Concept Energy Inc (GBR) are TPET (0.40), TMDE (0.39) and INDO (0.38). 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 GBR?
- Over the past year, the stocks most inversely correlated with New Concept Energy Inc (GBR) are JFLX (-0.33), FLXR (-0.32) and DSGR (-0.31). 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 GBR correlations calculated?
- We compute the correlation of daily returns between GBR 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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