PETROLEO BRASILEIRO S.A.-PETROBRAS ADS (REP 1 COMMON SHARE) (PBR) — Stock Correlations & Overview
Over the past year, PBR has moved most closely with PBR.A, IXC, BP. Explore the stocks most correlated and inversely correlated with PBR below, along with its price, financials, and company profile.
Stocks correlated with PBR
Correlation of daily returns. Higher positive values move with PBR; negative values move opposite it. Informational only, not investment advice.
Most correlated with PBR
| Symbol | Company | Correlation |
|---|---|---|
| PBR.A | Petroleo Brasileiro S.A.-Petrobras | 0.97 |
| IXC | iShares Global Energy ETF | 0.70 |
| BP | BP p.l.c. | 0.67 |
| TTE | TotalEnergies SE | 0.66 |
| BPH | BP p.l.c. ADRhedged | 0.64 |
Most inversely correlated with PBR
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.62 |
| DUG | ProShares UltraShort Energy | -0.61 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.61 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.59 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.59 |
Frequently asked questions about PBR correlations
- Which stocks are most correlated with PBR?
- Based on one year of daily returns, the stocks most correlated with PETROLEO BRASILEIRO S.A.-PETROBRAS ADS (REP 1 COMMON SHARE) (PBR) are PBR.A (0.97), IXC (0.70) and BP (0.67). 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 PBR?
- Over the past year, the stocks most inversely correlated with PETROLEO BRASILEIRO S.A.-PETROBRAS ADS (REP 1 COMMON SHARE) (PBR) are OILD (-0.62), DUG (-0.61) and ERY (-0.61). 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 PBR correlations calculated?
- We compute the correlation of daily returns between PBR 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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