Liberty Energy Inc. (LBRT) — Stock Correlations & Overview
Over the past year, LBRT has moved most closely with PUMP, XES, AESI. Explore the stocks most correlated and inversely correlated with LBRT below, along with its price, financials, and company profile.
Stocks correlated with LBRT
Correlation of daily returns. Higher positive values move with LBRT; negative values move opposite it. Informational only, not investment advice.
Most correlated with LBRT
| Symbol | Company | Correlation |
|---|---|---|
| PUMP | ProPetro Holding Corp.OIL & GAS FIELD SERVICES, NEC | 0.68 |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.59 |
| AESI | Atlas Energy Solutions Inc.CRUDE PETROLEUM & NATURAL GAS | 0.54 |
| ACDC | ProFrac Holding Corp. Class A Common StockOIL & GAS FIELD SERVICES, NEC | 0.54 |
| PSCE | Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE | 0.53 |
Most inversely correlated with LBRT
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.33 |
| SSG | ProShares UltraShort Semiconductors | -0.32 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.31 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.29 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.29 |
Frequently asked questions about LBRT correlations
- Which stocks are most correlated with LBRT?
- Based on one year of daily returns, the stocks most correlated with Liberty Energy Inc. (LBRT) are PUMP (0.68), XES (0.59) and AESI (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 LBRT?
- Over the past year, the stocks most inversely correlated with Liberty Energy Inc. (LBRT) are DRIP (-0.33), SSG (-0.32) and SOXS (-0.31). 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 LBRT correlations calculated?
- We compute the correlation of daily returns between LBRT 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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