RPC, Inc. (RES) — Stock Correlations & Overview
Over the past year, RES has moved most closely with PSCE, XES, OIH. Explore the stocks most correlated and inversely correlated with RES below, along with its price, financials, and company profile.
Stocks correlated with RES
Correlation of daily returns. Higher positive values move with RES; negative values move opposite it. Informational only, not investment advice.
Most correlated with RES
| Symbol | Company | Correlation |
|---|---|---|
| PSCE | Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE | 0.66 |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.65 |
| OIH | VanEck Oil Services ETF | 0.60 |
| PTEN | Patterson-UTI Energy IncDRILLING OIL & GAS WELLS | 0.59 |
| PXJ | Invesco Oil & Gas Services ETF | 0.57 |
Most inversely correlated with RES
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.52 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.49 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.48 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.48 |
| DUG | ProShares UltraShort Energy | -0.47 |
Frequently asked questions about RES correlations
- Which stocks are most correlated with RES?
- Based on one year of daily returns, the stocks most correlated with RPC, Inc. (RES) are PSCE (0.66), XES (0.65) and OIH (0.60). 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 RES?
- Over the past year, the stocks most inversely correlated with RPC, Inc. (RES) are DRIP (-0.52), OILD (-0.49) and ERY (-0.48). 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 RES correlations calculated?
- We compute the correlation of daily returns between RES 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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