USA COMPRESSION PARTNERS LP (USAC) — Stock Correlations & Overview
Over the past year, USAC has moved most closely with AMUB, MLPA, MLPR. Explore the stocks most correlated and inversely correlated with USAC below, along with its price, financials, and company profile.
Stocks correlated with USAC
Correlation of daily returns. Higher positive values move with USAC; negative values move opposite it. Informational only, not investment advice.
Most correlated with USAC
| Symbol | Company | Correlation |
|---|---|---|
| AMUB | ETRACS Alerian MLP Index ETN Series B due July 18, 2042 | 0.56 |
| MLPA | Global X MLP ETF | 0.55 |
| MLPR | ETRACS Quarterly Pay 1.5X Leveraged Alerian MLP Index ETN | 0.55 |
| GLP | Global Partners LPWHOLESALE-PETROLEUM BULK STATIONS & TERMINALS | 0.53 |
| AMLP | Alerian MLP ETF | 0.52 |
Most inversely correlated with USAC
| Symbol | Company | Correlation |
|---|---|---|
| ERY | Direxion Daily Energy Bear 2X ETF | -0.35 |
| DUG | ProShares UltraShort Energy | -0.34 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.34 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.29 |
| NRGD | MicroSectors U.S. Big Oil -3x Inverse Leveraged ETNs due February 17, 2045COMMERCIAL BANKS, NEC | -0.29 |
Frequently asked questions about USAC correlations
- Which stocks are most correlated with USAC?
- Based on one year of daily returns, the stocks most correlated with USA COMPRESSION PARTNERS LP (USAC) are AMUB (0.56), MLPA (0.55) and MLPR (0.55). 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 USAC?
- Over the past year, the stocks most inversely correlated with USA COMPRESSION PARTNERS LP (USAC) are ERY (-0.35), DUG (-0.34) and OILD (-0.34). 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 USAC correlations calculated?
- We compute the correlation of daily returns between USAC 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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