Tortoise Energy Infrastructure Corp. (TYG) — Stock Correlations & Overview
Over the past year, TYG has moved most closely with EMO, NML, KYN. Explore the stocks most correlated and inversely correlated with TYG below, along with its price, financials, and company profile.
Stocks correlated with TYG
Correlation of daily returns. Higher positive values move with TYG; negative values move opposite it. Informational only, not investment advice.
Most correlated with TYG
| Symbol | Company | Correlation |
|---|---|---|
| EMO | ClearBridge Energy Midstream Opportunity Fund Inc. | 0.58 |
| NML | Neuberger Energy Infrastructure and Income Fund Inc. | 0.49 |
| KYN | Kayne Anderson Energy Infrastructure Fund, Inc. | 0.48 |
| PEO | Adams Natural Resources Fund, Inc. | 0.47 |
| PIPE | Invesco SteelPath MLP & Energy Infrastructure ETF | 0.47 |
Most inversely correlated with TYG
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.37 |
| CYCN | Cyclerion Therapeutics, Inc. Common StockPHARMACEUTICAL PREPARATIONS | -0.37 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.37 |
| DUG | ProShares UltraShort Energy | -0.37 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.37 |
Frequently asked questions about TYG correlations
- Which stocks are most correlated with TYG?
- Based on one year of daily returns, the stocks most correlated with Tortoise Energy Infrastructure Corp. (TYG) are EMO (0.58), NML (0.49) and KYN (0.48). 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 TYG?
- Over the past year, the stocks most inversely correlated with Tortoise Energy Infrastructure Corp. (TYG) are OILD (-0.37), CYCN (-0.37) and ERY (-0.37). 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 TYG correlations calculated?
- We compute the correlation of daily returns between TYG 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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