TC Energy Corporation (TRP) — Stock Correlations & Overview
Over the past year, TRP has moved most closely with ENB, TPYP, MLPX. Explore the stocks most correlated and inversely correlated with TRP below, along with its price, financials, and company profile.
Stocks correlated with TRP
Correlation of daily returns. Higher positive values move with TRP; negative values move opposite it. Informational only, not investment advice.
Most correlated with TRP
| Symbol | Company | Correlation |
|---|---|---|
| ENB | Enbridge, IncPIPE LINES (NO NATURAL GAS) | 0.81 |
| TPYP | Tortoise North American Pipeline ETF | 0.74 |
| MLPX | Global X MLP & Energy Infrastructure ETF | 0.71 |
| EINC | VanEck Energy Income ETF | 0.70 |
| UMI | USCF Midstream Energy Income Fund | 0.70 |
Most inversely correlated with TRP
| Symbol | Company | Correlation |
|---|---|---|
| SDP | ProShares UltraShort Utilities | -0.42 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.36 |
| DUG | ProShares UltraShort Energy | -0.35 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.35 |
| CXM | Sprinklr, Inc.SERVICES-PREPACKAGED SOFTWARE | -0.30 |
Frequently asked questions about TRP correlations
- Which stocks are most correlated with TRP?
- Based on one year of daily returns, the stocks most correlated with TC Energy Corporation (TRP) are ENB (0.81), TPYP (0.74) and MLPX (0.71). 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 TRP?
- Over the past year, the stocks most inversely correlated with TC Energy Corporation (TRP) are SDP (-0.42), ERY (-0.36) and DUG (-0.35). 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 TRP correlations calculated?
- We compute the correlation of daily returns between TRP 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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