Tidewater, Inc. (TDW) — Stock Correlations & Overview
Over the past year, TDW has moved most closely with PXJ, XES, NE. Explore the stocks most correlated and inversely correlated with TDW below, along with its price, financials, and company profile.
Stocks correlated with TDW
Correlation of daily returns. Higher positive values move with TDW; negative values move opposite it. Informational only, not investment advice.
Most correlated with TDW
| Symbol | Company | Correlation |
|---|---|---|
| PXJ | Invesco Oil & Gas Services ETF | 0.67 |
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.65 |
| NE | Noble Corporation plcDRILLING OIL & GAS WELLS | 0.64 |
| OIH | VanEck Oil Services ETF | 0.63 |
| IEZ | iShares U.S. Oil Equipment & Services ETF | 0.63 |
Most inversely correlated with TDW
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.49 |
| DUG | ProShares UltraShort Energy | -0.48 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.48 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.45 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.44 |
Frequently asked questions about TDW correlations
- Which stocks are most correlated with TDW?
- Based on one year of daily returns, the stocks most correlated with Tidewater, Inc. (TDW) are PXJ (0.67), XES (0.65) and NE (0.64). 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 TDW?
- Over the past year, the stocks most inversely correlated with Tidewater, Inc. (TDW) are OILD (-0.49), DUG (-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 TDW correlations calculated?
- We compute the correlation of daily returns between TDW 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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