Hallador Energy Company (HNRG) — Stock Correlations & Overview
Over the past year, HNRG has moved most closely with PBW, ACES, CNRG. Explore the stocks most correlated and inversely correlated with HNRG below, along with its price, financials, and company profile.
Stocks correlated with HNRG
Correlation of daily returns. Higher positive values move with HNRG; negative values move opposite it. Informational only, not investment advice.
Most correlated with HNRG
| Symbol | Company | Correlation |
|---|---|---|
| PBW | Invesco WilderHill Clean Energy ETF | 0.46 |
| ACES | ALPS Clean Energy ETF | 0.44 |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 0.44 |
| CTEC | Global X Funds Global X ClimateTech ETF | 0.43 |
| AIPO | Defiance AI & Power Infrastructure ETF | 0.43 |
Most inversely correlated with HNRG
| Symbol | Company | Correlation |
|---|---|---|
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.38 |
| BTAL | AGF U.S. Market Neutral Anti-Beta Fund | -0.37 |
| PSQ | ProShares Short QQQ | -0.37 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.37 |
| REW | Proshares UltraShort Technology | -0.37 |
Frequently asked questions about HNRG correlations
- Which stocks are most correlated with HNRG?
- Based on one year of daily returns, the stocks most correlated with Hallador Energy Company (HNRG) are PBW (0.46), ACES (0.44) and CNRG (0.44). 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 HNRG?
- Over the past year, the stocks most inversely correlated with Hallador Energy Company (HNRG) are BERZ (-0.38), BTAL (-0.37) and PSQ (-0.37). 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 HNRG correlations calculated?
- We compute the correlation of daily returns between HNRG 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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