Which stocks are most correlated with PARR?

Based on one year of daily returns, the stocks most correlated with Par Pacific Holdings, Inc. Common Stock (PARR) are DK (0.78), PBF (0.74) and DINO (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 PARR?

Over the past year, the stocks most inversely correlated with Par Pacific Holdings, Inc. Common Stock (PARR) are DRIP (-0.63), NRGD (-0.61) and WTID (-0.57). A negative correlation means the two stocks have tended to move in opposite directions.

Par Pacific Holdings, Inc. Common Stock (PARR) — Stock Correlations & Overview

Over the past year, PARR has moved most closely with DK, PBF, DINO. Explore the stocks most correlated and inversely correlated with PARR below, along with its price, financials, and company profile.

Stocks correlated with PARR

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

Most correlated with PARR

Symbol	Company	Correlation
DK	Delek US Holdings, Inc.PETROLEUM REFINING	0.78
PBF	PBF ENERGY INC.PETROLEUM REFINING	0.74
DINO	HF Sinclair CorporationPIPE LINES (NO NATURAL GAS)	0.73
VLO	Valero Energy CorporationPETROLEUM REFINING	0.73
MPC	MARATHON PETROLEUM CORPORATIONPETROLEUM REFINING	0.68

Most inversely correlated with PARR

Symbol	Company	Correlation
DRIP	Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF	-0.63
NRGD	MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC	-0.61
WTID	MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC	-0.57
ERY	Direxion Daily Energy Bear 2X ETF	-0.51
OILD	MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC	-0.50

Frequently asked questions about PARR correlations

Which stocks are most correlated with PARR?: Based on one year of daily returns, the stocks most correlated with Par Pacific Holdings, Inc. Common Stock (PARR) are DK (0.78), PBF (0.74) and DINO (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 PARR?: Over the past year, the stocks most inversely correlated with Par Pacific Holdings, Inc. Common Stock (PARR) are DRIP (-0.63), NRGD (-0.61) and WTID (-0.57). 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 PARR correlations calculated?: We compute the correlation of daily returns between PARR 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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