TMD Energy Limited (TMDE) — Stock Correlations & Overview
Over the past year, TMDE has moved most closely with TPET, BATL, EONR. Explore the stocks most correlated and inversely correlated with TMDE below, along with its price, financials, and company profile.
Stocks correlated with TMDE
Correlation of daily returns. Higher positive values move with TMDE; negative values move opposite it. Informational only, not investment advice.
Most correlated with TMDE
| Symbol | Company | Correlation |
|---|---|---|
| TPET | Trio Petroleum Corp.CRUDE PETROLEUM & NATURAL GAS | 0.66 |
| BATL | Battalion Oil CorporationCRUDE PETROLEUM & NATURAL GAS | 0.48 |
| EONR | EON Resources Inc.CRUDE PETROLEUM & NATURAL GAS | 0.42 |
| DBE | Invesco DB Energy FundCOMMODITY CONTRACTS BROKERS & DEALERS | 0.42 |
| GSG | iShares S&P GSCI Commodity-Indexed TrustCOMMODITY CONTRACTS BROKERS & DEALERS | 0.42 |
Most inversely correlated with TMDE
| Symbol | Company | Correlation |
|---|---|---|
| AARD | Aardvark Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.40 |
| TPB | Turning Point Brands, Inc.TOBACCO PRODUCTS | -0.36 |
| SCO | ProShares UltraShort Bloomberg Crude OilCOMMODITY CONTRACTS BROKERS & DEALERS | -0.36 |
| LTM | LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock) | -0.33 |
| DAX | Global X Funds Global X DAX Germany ETF | -0.33 |
Frequently asked questions about TMDE correlations
- Which stocks are most correlated with TMDE?
- Based on one year of daily returns, the stocks most correlated with TMD Energy Limited (TMDE) are TPET (0.66), BATL (0.48) and EONR (0.42). 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 TMDE?
- Over the past year, the stocks most inversely correlated with TMD Energy Limited (TMDE) are AARD (-0.40), TPB (-0.36) and SCO (-0.36). 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 TMDE correlations calculated?
- We compute the correlation of daily returns between TMDE 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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