PrimeEnergy Resources Corporation Common Stock (PNRG) — Stock Correlations & Overview
Over the past year, PNRG has moved most closely with FCG, OILT, FTXN. Explore the stocks most correlated and inversely correlated with PNRG below, along with its price, financials, and company profile.
Stocks correlated with PNRG
Correlation of daily returns. Higher positive values move with PNRG; negative values move opposite it. Informational only, not investment advice.
Most correlated with PNRG
| Symbol | Company | Correlation |
|---|---|---|
| FCG | First Trust Natural Gas ETF | 0.55 |
| OILT | Texas Capital Texas Oil Index ETF | 0.54 |
| FTXN | First Trust Nasdaq Oil & Gas ETF | 0.54 |
| PXE | Invesco Energy Exploration & Production ETF | 0.53 |
| WEEI | Westwood Salient Enhanced Energy Income ETF | 0.53 |
Most inversely correlated with PNRG
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.53 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.52 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.52 |
| DUG | ProShares UltraShort Energy | -0.50 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.50 |
Frequently asked questions about PNRG correlations
- Which stocks are most correlated with PNRG?
- Based on one year of daily returns, the stocks most correlated with PrimeEnergy Resources Corporation Common Stock (PNRG) are FCG (0.55), OILT (0.54) and FTXN (0.54). 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 PNRG?
- Over the past year, the stocks most inversely correlated with PrimeEnergy Resources Corporation Common Stock (PNRG) are DRIP (-0.53), WTID (-0.52) and OILD (-0.52). 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 PNRG correlations calculated?
- We compute the correlation of daily returns between PNRG 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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