South Bow Corporation (SOBO) — Stock Correlations & Overview
Over the past year, SOBO has moved most closely with PIPE, UMI, ENFR. Explore the stocks most correlated and inversely correlated with SOBO below, along with its price, financials, and company profile.
Stocks correlated with SOBO
Correlation of daily returns. Higher positive values move with SOBO; negative values move opposite it. Informational only, not investment advice.
Most correlated with SOBO
| Symbol | Company | Correlation |
|---|---|---|
| PIPE | Invesco SteelPath MLP & Energy Infrastructure ETF | 0.69 |
| UMI | USCF Midstream Energy Income Fund | 0.68 |
| ENFR | Alerian Energy Infrastructure ETF | 0.67 |
| EINC | VanEck Energy Income ETF | 0.67 |
| TPYP | Tortoise North American Pipeline ETF | 0.66 |
Most inversely correlated with SOBO
| Symbol | Company | Correlation |
|---|---|---|
| DUG | ProShares UltraShort Energy | -0.45 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.45 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.45 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.44 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.42 |
Frequently asked questions about SOBO correlations
- Which stocks are most correlated with SOBO?
- Based on one year of daily returns, the stocks most correlated with South Bow Corporation (SOBO) are PIPE (0.69), UMI (0.68) and ENFR (0.67). 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 SOBO?
- Over the past year, the stocks most inversely correlated with South Bow Corporation (SOBO) are DUG (-0.45), ERY (-0.45) and OILD (-0.45). 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 SOBO correlations calculated?
- We compute the correlation of daily returns between SOBO 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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