MURPHY USA INC. (MUSA) — Stock Correlations & Overview
Over the past year, MUSA has moved most closely with CASY, SU, DOW. Explore the stocks most correlated and inversely correlated with MUSA below, along with its price, financials, and company profile.
Stocks correlated with MUSA
Correlation of daily returns. Higher positive values move with MUSA; negative values move opposite it. Informational only, not investment advice.
Most correlated with MUSA
| Symbol | Company | Correlation |
|---|---|---|
| CASY | Casey's General Stores IncRETAIL-AUTO DEALERS & GASOLINE STATIONS | 0.48 |
| SU | Suncor Energy, Inc. | 0.36 |
| DOW | Dow Inc.PLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS | 0.35 |
| EQNR | Equinor ASA American Depositary Shares (Each Representing One Ordinary Share, nominal value NOK 2.50 per share) | 0.34 |
| LYB | LyondellBasell Industries N.V. Class AINDUSTRIAL ORGANIC CHEMICALS | 0.34 |
Most inversely correlated with MUSA
| Symbol | Company | Correlation |
|---|---|---|
| PH | Parker-Hannifin CorporationMISCELLANEOUS FABRICATED METAL PRODUCTS | -0.33 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.33 |
| BDC | Belden Inc.DRAWING & INSULATING OF NONFERROUS WIRE | -0.32 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.32 |
| DUG | ProShares UltraShort Energy | -0.31 |
Frequently asked questions about MUSA correlations
- Which stocks are most correlated with MUSA?
- Based on one year of daily returns, the stocks most correlated with MURPHY USA INC. (MUSA) are CASY (0.48), SU (0.36) and DOW (0.35). 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 MUSA?
- Over the past year, the stocks most inversely correlated with MURPHY USA INC. (MUSA) are PH (-0.33), NRGD (-0.33) and BDC (-0.32). 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 MUSA correlations calculated?
- We compute the correlation of daily returns between MUSA 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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