Smart Sand, Inc. Common Stock (SND) — Stock Correlations & Overview
Over the past year, SND has moved most closely with XES, IEZ, TWG. Explore the stocks most correlated and inversely correlated with SND below, along with its price, financials, and company profile.
Stocks correlated with SND
Correlation of daily returns. Higher positive values move with SND; negative values move opposite it. Informational only, not investment advice.
Most correlated with SND
| Symbol | Company | Correlation |
|---|---|---|
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.34 |
| IEZ | iShares U.S. Oil Equipment & Services ETF | 0.33 |
| TWG | Top Wealth Group Holding Limited Class A Ordinary Shares | 0.33 |
| OIH | VanEck Oil Services ETF | 0.33 |
| PSCE | Invesco S&P SmallCap Energy ETFINVESTMENT ADVICE | 0.33 |
Most inversely correlated with SND
| Symbol | Company | Correlation |
|---|---|---|
| ERY | Direxion Daily Energy Bear 2X ETF | -0.29 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.29 |
| DUG | ProShares UltraShort Energy | -0.28 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.28 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.27 |
Frequently asked questions about SND correlations
- Which stocks are most correlated with SND?
- Based on one year of daily returns, the stocks most correlated with Smart Sand, Inc. Common Stock (SND) are XES (0.34), IEZ (0.33) and TWG (0.33). 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 SND?
- Over the past year, the stocks most inversely correlated with Smart Sand, Inc. Common Stock (SND) are ERY (-0.29), OILD (-0.29) and DUG (-0.28). 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 SND correlations calculated?
- We compute the correlation of daily returns between SND 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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