GENIE ENERGY LTD (GNE) — Stock Correlations & Overview
Over the past year, GNE has moved most closely with FDM, GSBC, THFF. Explore the stocks most correlated and inversely correlated with GNE below, along with its price, financials, and company profile.
Stocks correlated with GNE
Correlation of daily returns. Higher positive values move with GNE; negative values move opposite it. Informational only, not investment advice.
Most correlated with GNE
| Symbol | Company | Correlation |
|---|---|---|
| FDM | First Trust Dow Jones Select MicroCap Index Fund | 0.46 |
| GSBC | Great Southern Bancorp IncSTATE COMMERCIAL BANKS | 0.44 |
| THFF | First Financial Corporation Common StockSTATE COMMERCIAL BANKS | 0.42 |
| PCYO | Pure Cycle CorporationWATER SUPPLY | 0.42 |
| EBF | Ennis, Inc.MANIFOLD BUSINESS FORMS | 0.42 |
Frequently asked questions about GNE correlations
- Which stocks are most correlated with GNE?
- Based on one year of daily returns, the stocks most correlated with GENIE ENERGY LTD (GNE) are FDM (0.46), GSBC (0.44) and THFF (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 GNE?
- Over the past year, the stocks most inversely correlated with GENIE ENERGY LTD (GNE) are SDP (-0.35), SDD (-0.33) and SBB (-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 GNE correlations calculated?
- We compute the correlation of daily returns between GNE 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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