REX American Resources Corp. (REX) — Stock Correlations & Overview
Over the past year, REX has moved most closely with GPRE, PXI, PSCE. Explore the stocks most correlated and inversely correlated with REX below, along with its price, financials, and company profile.
Stocks correlated with REX
Correlation of daily returns. Higher positive values move with REX; negative values move opposite it. Informational only, not investment advice.
Most correlated with REX
| Symbol | Company | Correlation |
|---|---|---|
| GPRE | Green Plains, Inc.INDUSTRIAL ORGANIC CHEMICALS | 0.59 |
| PXI | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF | 0.50 |
| PSCE | Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE | 0.47 |
| ANDE | Andersons Inc/TheWHOLESALE-FARM PRODUCT RAW MATERIALS | 0.46 |
| GUSH | Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF | 0.43 |
Most inversely correlated with REX
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.43 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.40 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.39 |
| DUG | ProShares UltraShort Energy | -0.38 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.38 |
Frequently asked questions about REX correlations
- Which stocks are most correlated with REX?
- Based on one year of daily returns, the stocks most correlated with REX American Resources Corp. (REX) are GPRE (0.59), PXI (0.50) and PSCE (0.47). 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 REX?
- Over the past year, the stocks most inversely correlated with REX American Resources Corp. (REX) are DRIP (-0.43), NRGD (-0.40) and WTID (-0.39). 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 REX correlations calculated?
- We compute the correlation of daily returns between REX 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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