T1 Energy Inc. (TE) — Stock Correlations & Overview
Over the past year, TE has moved most closely with CTEX, PBW, CNRG. Explore the stocks most correlated and inversely correlated with TE below, along with its price, financials, and company profile.
Stocks correlated with TE
Correlation of daily returns. Higher positive values move with TE; negative values move opposite it. Informational only, not investment advice.
Most correlated with TE
| Symbol | Company | Correlation |
|---|---|---|
| CTEX | ProShares S&P Kensho Cleantech ETF | 0.61 |
| PBW | Invesco WilderHill Clean Energy ETF | 0.58 |
| CNRG | State Street SPDR S&P Kensho Clean Power ETF | 0.56 |
| ACES | ALPS Clean Energy ETF | 0.55 |
| TAN | Invesco Solar ETFINVESTMENT ADVICE | 0.54 |
Most inversely correlated with TE
| Symbol | Company | Correlation |
|---|---|---|
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.46 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.45 |
| BERZ | MicroSectors FANG & Innovation -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.45 |
| REW | Proshares UltraShort Technology | -0.45 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.45 |
Frequently asked questions about TE correlations
- Which stocks are most correlated with TE?
- Based on one year of daily returns, the stocks most correlated with T1 Energy Inc. (TE) are CTEX (0.61), PBW (0.58) and CNRG (0.56). 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 TE?
- Over the past year, the stocks most inversely correlated with T1 Energy Inc. (TE) are TSXD (-0.46), SOXS (-0.45) and BERZ (-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 TE correlations calculated?
- We compute the correlation of daily returns between TE 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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