New Fortress Energy Inc. Class A Common Stock (NFE) — Stock Correlations & Overview
Over the past year, NFE has moved most closely with CNF, QSI, PACS. Explore the stocks most correlated and inversely correlated with NFE below, along with its price, financials, and company profile.
Stocks correlated with NFE
Correlation of daily returns. Higher positive values move with NFE; negative values move opposite it. Informational only, not investment advice.
Most correlated with NFE
| Symbol | Company | Correlation |
|---|---|---|
| CNF | CNFinance Holdings Limited American Depositary Shares, each representing two hundred (200) Ordinary Shares | 0.26 |
| QSI | Quantum-Si Incorporated Class A Common StockMEASURING & CONTROLLING DEVICES, NEC | 0.24 |
| PACS | PACS Group, Inc.SERVICES-SKILLED NURSING CARE FACILITIES | 0.24 |
| PLUG | Plug Power Inc.ELECTRICAL INDUSTRIAL APPARATUS | 0.23 |
| CRNC | Cerence Inc. Common StockSERVICES-PREPACKAGED SOFTWARE | 0.23 |
Most inversely correlated with NFE
| Symbol | Company | Correlation |
|---|---|---|
| SNTG | Sentage Holdings Inc. Class A Ordinary Shares | -0.35 |
| RAPP | Rapport Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.29 |
| IVF | INVO Fertility, Inc. Common StockSURGICAL & MEDICAL INSTRUMENTS & APPARATUS | -0.21 |
| RAIN | Rain Enhancement Technologies Holdco, Inc. Class A Common StockMISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT | -0.21 |
| KRKR | 36Kr Holdings Inc. American Depositary Shares | -0.21 |
Frequently asked questions about NFE correlations
- Which stocks are most correlated with NFE?
- Based on one year of daily returns, the stocks most correlated with New Fortress Energy Inc. Class A Common Stock (NFE) are CNF (0.26), QSI (0.24) and PACS (0.24). 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 NFE?
- Over the past year, the stocks most inversely correlated with New Fortress Energy Inc. Class A Common Stock (NFE) are SNTG (-0.35), RAPP (-0.29) and IVF (-0.21). 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 NFE correlations calculated?
- We compute the correlation of daily returns between NFE 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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