LandBridge Company LLC (LB) — Stock Correlations & Overview
Over the past year, LB has moved most closely with INFL, NVIR, TPL. Explore the stocks most correlated and inversely correlated with LB below, along with its price, financials, and company profile.
Stocks correlated with LB
Correlation of daily returns. Higher positive values move with LB; negative values move opposite it. Informational only, not investment advice.
Most correlated with LB
| Symbol | Company | Correlation |
|---|---|---|
| INFL | Horizon Kinetics Inflation Beneficiaries ETF | 0.63 |
| NVIR | Horizon Kinetics Energy and Remediation ETF | 0.56 |
| TPL | Texas Pacific Land CorporationOIL ROYALTY TRADERS | 0.54 |
| CRGY | Crescent Energy CompanyCRUDE PETROLEUM & NATURAL GAS | 0.53 |
| WBI | WaterBridge Infrastructure LLCOIL & GAS FIELD SERVICES, NEC | 0.49 |
Most inversely correlated with LB
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.47 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.42 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.41 |
| DUG | ProShares UltraShort Energy | -0.41 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.39 |
Frequently asked questions about LB correlations
- Which stocks are most correlated with LB?
- Based on one year of daily returns, the stocks most correlated with LandBridge Company LLC (LB) are INFL (0.63), NVIR (0.56) and TPL (0.54). 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 LB?
- Over the past year, the stocks most inversely correlated with LandBridge Company LLC (LB) are DRIP (-0.47), OILD (-0.42) and ERY (-0.41). 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 LB correlations calculated?
- We compute the correlation of daily returns between LB 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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