Phoenix Energy One, LLC Series A Cumulative Redeemable Preferred Shares (PHXEp) — Stock Correlations & Overview
Over the past year, PHXEp has moved most closely with ARQ, MI, HSY. Explore the stocks most correlated and inversely correlated with PHXEp below, along with its price, financials, and company profile.
Stocks correlated with PHXEp
Correlation of daily returns. Higher positive values move with PHXEp; negative values move opposite it. Informational only, not investment advice.
Most correlated with PHXEp
| Symbol | Company | Correlation |
|---|---|---|
| ARQ | Arq, Inc. Common StockMISCELLANEOUS CHEMICAL PRODUCTS | 0.30 |
| MI | NFT Limited | 0.30 |
| HSY | The Hershey CompanySUGAR & CONFECTIONERY PRODUCTS | 0.24 |
| SHEN | Shenandoah Telecom CoTELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) | 0.23 |
| RVSB | Riverview Bancorp IncSAVINGS INSTITUTION, FEDERALLY CHARTERED | 0.23 |
Most inversely correlated with PHXEp
| Symbol | Company | Correlation |
|---|---|---|
| MGNX | MacroGenics, Inc.PHARMACEUTICAL PREPARATIONS | -0.25 |
| DXST | Decent Holding Inc Class A Ordinary Shares | -0.25 |
| VYGR | Voyager Therapeutics, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.24 |
| VALN | Valneva SE American Depositary Shares | -0.24 |
| MIST | Milestone Pharmaceuticals Inc. Common SharesPHARMACEUTICAL PREPARATIONS | -0.24 |
Frequently asked questions about PHXEp correlations
- Which stocks are most correlated with PHXEp?
- Based on one year of daily returns, the stocks most correlated with Phoenix Energy One, LLC Series A Cumulative Redeemable Preferred Shares (PHXEp) are ARQ (0.30), MI (0.30) and HSY (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 PHXEp?
- Over the past year, the stocks most inversely correlated with Phoenix Energy One, LLC Series A Cumulative Redeemable Preferred Shares (PHXEp) are MGNX (-0.25), DXST (-0.25) and VYGR (-0.24). 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 PHXEp correlations calculated?
- We compute the correlation of daily returns between PHXEp 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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