Intrepid Potash, Inc (IPI) — Stock Correlations & Overview
Over the past year, IPI has moved most closely with CF, NTR, LXU. Explore the stocks most correlated and inversely correlated with IPI below, along with its price, financials, and company profile.
Stocks correlated with IPI
Correlation of daily returns. Higher positive values move with IPI; negative values move opposite it. Informational only, not investment advice.
Most correlated with IPI
| Symbol | Company | Correlation |
|---|---|---|
| CF | CF Industries Holding, Inc.AGRICULTURAL CHEMICALS | 0.67 |
| NTR | Nutrien Ltd. Common Shares | 0.61 |
| LXU | LSB INDUSTRIES INCINDUSTRIAL INORGANIC CHEMICALS | 0.57 |
| MOS | The Mosaic CompanyAGRICULTURAL CHEMICALS | 0.54 |
| LYB | LyondellBasell Industries N.V. Class AINDUSTRIAL ORGANIC CHEMICALS | 0.52 |
Most inversely correlated with IPI
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.41 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.40 |
| DUG | ProShares UltraShort Energy | -0.40 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.40 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.39 |
Frequently asked questions about IPI correlations
- Which stocks are most correlated with IPI?
- Based on one year of daily returns, the stocks most correlated with Intrepid Potash, Inc (IPI) are CF (0.67), NTR (0.61) and LXU (0.57). 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 IPI?
- Over the past year, the stocks most inversely correlated with Intrepid Potash, Inc (IPI) are DRIP (-0.41), WTID (-0.40) and DUG (-0.40). 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 IPI correlations calculated?
- We compute the correlation of daily returns between IPI 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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