Sky Quarry Inc. Common Stock (SKYQ) — Stock Correlations & Overview
Over the past year, SKYQ has moved most closely with ACRV, VNOM, DVN. Explore the stocks most correlated and inversely correlated with SKYQ below, along with its price, financials, and company profile.
Stocks correlated with SKYQ
Correlation of daily returns. Higher positive values move with SKYQ; negative values move opposite it. Informational only, not investment advice.
Most correlated with SKYQ
| Symbol | Company | Correlation |
|---|---|---|
| ACRV | Acrivon Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | 0.24 |
| VNOM | Viper Energy, Inc. Class A Common StockCRUDE PETROLEUM & NATURAL GAS | 0.23 |
| DVN | Devon Energy CorporationCRUDE PETROLEUM & NATURAL GAS | 0.23 |
| MEOH | Methanex Corp | 0.23 |
| CHRD | Chord Energy Corporation Common StockCRUDE PETROLEUM & NATURAL GAS | 0.22 |
Most inversely correlated with SKYQ
| Symbol | Company | Correlation |
|---|---|---|
| LPCN | Lipocine Inc.PHARMACEUTICAL PREPARATIONS | -0.29 |
| TIL | Instil Bio, Inc. Common StockBIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES) | -0.28 |
| BBAR | Banco BBVA Argentina S.A. | -0.26 |
| SUPV | Grupo Supervielle S.A. | -0.23 |
| IRS | IRSA Inversiones y Representaciones S.A. Global Depositary Shares | -0.22 |
Frequently asked questions about SKYQ correlations
- Which stocks are most correlated with SKYQ?
- Based on one year of daily returns, the stocks most correlated with Sky Quarry Inc. Common Stock (SKYQ) are ACRV (0.24), VNOM (0.23) and DVN (0.23). 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 SKYQ?
- Over the past year, the stocks most inversely correlated with Sky Quarry Inc. Common Stock (SKYQ) are LPCN (-0.29), TIL (-0.28) and BBAR (-0.26). 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 SKYQ correlations calculated?
- We compute the correlation of daily returns between SKYQ 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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