PermRock Royalty Trust Trust Unit (PRT) — Stock Correlations & Overview
Over the past year, PRT has moved most closely with WTI, PIT, KOS. Explore the stocks most correlated and inversely correlated with PRT below, along with its price, financials, and company profile.
Stocks correlated with PRT
Correlation of daily returns. Higher positive values move with PRT; negative values move opposite it. Informational only, not investment advice.
Most correlated with PRT
| Symbol | Company | Correlation |
|---|---|---|
| WTI | W&T Offshore, Inc.CRUDE PETROLEUM & NATURAL GAS | 0.34 |
| PIT | VanEck Commodity Strategy ETF | 0.30 |
| KOS | Kosmos Energy Ltd.CRUDE PETROLEUM & NATURAL GAS | 0.30 |
| GSG | iShares S&P GSCI Commodity-Indexed TrustCOMMODITY CONTRACTS BROKERS & DEALERS | 0.29 |
| BGR | Blackrock Energy and Resources Trust | 0.29 |
Most inversely correlated with PRT
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.25 |
| NWG | NatWest Group plc American Depositary Shares, (each representing two (2) Ordinary Shares) | -0.25 |
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.25 |
| MAR | Marriott International Class A Common StockHOTELS & MOTELS | -0.25 |
| HIHO | Highway Holdings Ltd | -0.24 |
Frequently asked questions about PRT correlations
- Which stocks are most correlated with PRT?
- Based on one year of daily returns, the stocks most correlated with PermRock Royalty Trust Trust Unit (PRT) are WTI (0.34), PIT (0.30) and KOS (0.30). 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 PRT?
- Over the past year, the stocks most inversely correlated with PermRock Royalty Trust Trust Unit (PRT) are DRIP (-0.25), NWG (-0.25) and SCO (-0.25). 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 PRT correlations calculated?
- We compute the correlation of daily returns between PRT 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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