Sabine Royalty Trust (SBR) — Stock Correlations & Overview
Over the past year, SBR has moved most closely with FCG, IXC, PXE. Explore the stocks most correlated and inversely correlated with SBR below, along with its price, financials, and company profile.
Stocks correlated with SBR
Correlation of daily returns. Higher positive values move with SBR; negative values move opposite it. Informational only, not investment advice.
Most correlated with SBR
| Symbol | Company | Correlation |
|---|---|---|
| FCG | First Trust Natural Gas ETF | 0.53 |
| IXC | iShares Global Energy ETF | 0.52 |
| PXE | Invesco Energy Exploration & Production ETF | 0.52 |
| OILT | Texas Capital Texas Oil Index ETF | 0.52 |
| OVV | Ovintiv Inc.CRUDE PETROLEUM & NATURAL GAS | 0.51 |
Most inversely correlated with SBR
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.51 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.48 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.48 |
| DUG | ProShares UltraShort Energy | -0.48 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.47 |
Frequently asked questions about SBR correlations
- Which stocks are most correlated with SBR?
- Based on one year of daily returns, the stocks most correlated with Sabine Royalty Trust (SBR) are FCG (0.53), IXC (0.52) and PXE (0.52). 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 SBR?
- Over the past year, the stocks most inversely correlated with Sabine Royalty Trust (SBR) are DRIP (-0.51), OILD (-0.48) 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 SBR correlations calculated?
- We compute the correlation of daily returns between SBR 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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