Golar LNG Ltd (GLNG) — Stock Correlations & Overview
Over the past year, GLNG has moved most closely with YPF, VIST, NEXT. Explore the stocks most correlated and inversely correlated with GLNG below, along with its price, financials, and company profile.
Stocks correlated with GLNG
Correlation of daily returns. Higher positive values move with GLNG; negative values move opposite it. Informational only, not investment advice.
Most correlated with GLNG
| Symbol | Company | Correlation |
|---|---|---|
| YPF | YPF Sociedad Anonima American Depositary Shares (Each representing ten (10) Class D shares of Capital Stock) | 0.45 |
| VIST | Vista Energy S.A.B. de C.V. | 0.42 |
| NEXT | NextDecade Corporation Common StockNATURAL GAS TRANSMISSION & DISTRIBUTION | 0.42 |
| TGS | Transportadora de Gas del Sur S.A. ADS | 0.41 |
| PSCE | Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE | 0.41 |
Most inversely correlated with GLNG
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.34 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.33 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.33 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.32 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.31 |
Frequently asked questions about GLNG correlations
- Which stocks are most correlated with GLNG?
- Based on one year of daily returns, the stocks most correlated with Golar LNG Ltd (GLNG) are YPF (0.45), VIST (0.42) and NEXT (0.42). 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 GLNG?
- Over the past year, the stocks most inversely correlated with Golar LNG Ltd (GLNG) are DRIP (-0.34), NRGD (-0.33) and OILD (-0.33). 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 GLNG correlations calculated?
- We compute the correlation of daily returns between GLNG 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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