NGL Energy Partners LP 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests (NGLpC) — Stock Correlations & Overview
Over the past year, NGLpC has moved most closely with NGLpB, MTC, ATLCZ. Explore the stocks most correlated and inversely correlated with NGLpC below, along with its price, financials, and company profile.
Stocks correlated with NGLpC
Correlation of daily returns. Higher positive values move with NGLpC; negative values move opposite it. Informational only, not investment advice.
Most correlated with NGLpC
| Symbol | Company | Correlation |
|---|---|---|
| NGLpB | NGL Energy Partners LP 9.00% Class B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partnership interestsNATURAL GAS TRANSMISSION | 0.44 |
| MTC | MMTec, Inc. Common Shares | 0.38 |
| ATLCZ | Atlanticus Holdings Corporation 9.25% Senior Notes due 2029PERSONAL CREDIT INSTITUTIONS | 0.32 |
| CORT | Corcept Therapeutics Inc.PHARMACEUTICAL PREPARATIONS | 0.30 |
| MG | Mistras Group Inc.SERVICES-ENGINEERING SERVICES | 0.30 |
Most inversely correlated with NGLpC
| Symbol | Company | Correlation |
|---|---|---|
| TREX | Trex Company, Inc.LUMBER & WOOD PRODUCTS (NO FURNITURE) | -0.29 |
| NHTC | Natural Health Trends Corp.WHOLESALE-MISCELLANEOUS NONDURABLE GOODS | -0.27 |
| BHVN | Biohaven Ltd.PHARMACEUTICAL PREPARATIONS | -0.26 |
| PINS | Pinterest, Inc. Class A Common StockSERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC. | -0.25 |
| WWW | Wolverine World Wide, Inc.FOOTWEAR, (NO RUBBER) | -0.23 |
Frequently asked questions about NGLpC correlations
- Which stocks are most correlated with NGLpC?
- Based on one year of daily returns, the stocks most correlated with NGL Energy Partners LP 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests (NGLpC) are NGLpB (0.44), MTC (0.38) and ATLCZ (0.32). 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 NGLpC?
- Over the past year, the stocks most inversely correlated with NGL Energy Partners LP 9.625% Class C Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units representing limited partner interests (NGLpC) are TREX (-0.29), NHTC (-0.27) and BHVN (-0.26). 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 NGLpC correlations calculated?
- We compute the correlation of daily returns between NGLpC 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.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.