Which stocks are most correlated with PAGP?

Based on one year of daily returns, the stocks most correlated with Plains GP Holdings, L.P. Class A Units representing Limited Partner Interests (PAGP) are PAA (0.97), ATMP (0.74) and MLPB (0.73). 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 PAGP?

Over the past year, the stocks most inversely correlated with Plains GP Holdings, L.P. Class A Units representing Limited Partner Interests (PAGP) are DUG (-0.63), ERY (-0.63) and OILD (-0.62). A negative correlation means the two stocks have tended to move in opposite directions.

Plains GP Holdings, L.P. Class A Units representing Limited Partner Interests (PAGP) — Stock Correlations & Overview

Over the past year, PAGP has moved most closely with PAA, ATMP, MLPB. Explore the stocks most correlated and inversely correlated with PAGP below, along with its price, financials, and company profile.

Stocks correlated with PAGP

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

Most correlated with PAGP

Symbol	Company	Correlation
PAA	Plains All American Pipeline, L.P. Common Units representing Limited Partner InterestsPIPE LINES (NO NATURAL GAS)	0.97
ATMP	iPath Select MLP ETN	0.74
MLPB	ETRACS Alerian MLP Infrastructure Index ETN Series B due April 2, 2040	0.73
AMLP	Alerian MLP ETF	0.73
AMUB	ETRACS Alerian MLP Index ETN Series B due July 18, 2042	0.70

Most inversely correlated with PAGP

Symbol	Company	Correlation
DUG	ProShares UltraShort Energy	-0.63
ERY	Direxion Daily Energy Bear 2X ETF	-0.63
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.62
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.60
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.60

Frequently asked questions about PAGP correlations

Which stocks are most correlated with PAGP?: Based on one year of daily returns, the stocks most correlated with Plains GP Holdings, L.P. Class A Units representing Limited Partner Interests (PAGP) are PAA (0.97), ATMP (0.74) and MLPB (0.73). 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 PAGP?: Over the past year, the stocks most inversely correlated with Plains GP Holdings, L.P. Class A Units representing Limited Partner Interests (PAGP) are DUG (-0.63), ERY (-0.63) and OILD (-0.62). 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 PAGP correlations calculated?: We compute the correlation of daily returns between PAGP 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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