Which stocks are most correlated with MXC?

Based on one year of daily returns, the stocks most correlated with Mexco Energy Corporation (MXC) are TPET (0.52), INDO (0.51) and TMDE (0.41). 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 MXC?

Over the past year, the stocks most inversely correlated with Mexco Energy Corporation (MXC) are DYLD (-0.33), MDCX (-0.33) and JBI (-0.32). A negative correlation means the two stocks have tended to move in opposite directions.

Mexco Energy Corporation (MXC) — Stock Correlations & Overview

Over the past year, MXC has moved most closely with TPET, INDO, TMDE. Explore the stocks most correlated and inversely correlated with MXC below, along with its price, financials, and company profile.

Stocks correlated with MXC

Correlation of daily returns. Higher positive values move with MXC; negative values move opposite it. Informational only, not investment advice.

Most correlated with MXC

Symbol	Company	Correlation
TPET	Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS	0.52
INDO	Indonesia Energy Corporation Limited	0.51
TMDE	TMD Energy Limited	0.41
PED	PEDEVCO Corp.CRUDE PETROLEUM & NATURAL GAS	0.39
DJP	iPath Bloomberg Commodity Index Total Return ETN due June 12, 2036	0.37

Most inversely correlated with MXC

Symbol	Company	Correlation
DYLD	LeaderShares Dynamic Yield ETF	-0.33
MDCX	Medicus Pharma Ltd. Common StockPHARMACEUTICAL PREPARATIONS	-0.33
JBI	Janus International Group, Inc.METAL DOORS, SASH, FRAMES, MOLDINGS & TRIM	-0.32
JBBB	Janus Henderson B-BBB CLO ETF	-0.31
AVAL	GRUPO AVAL ACCIONES Y VALORES S.A.	-0.31

Frequently asked questions about MXC correlations

Which stocks are most correlated with MXC?: Based on one year of daily returns, the stocks most correlated with Mexco Energy Corporation (MXC) are TPET (0.52), INDO (0.51) and TMDE (0.41). 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 MXC?: Over the past year, the stocks most inversely correlated with Mexco Energy Corporation (MXC) are DYLD (-0.33), MDCX (-0.33) and JBI (-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 MXC correlations calculated?: We compute the correlation of daily returns between MXC 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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