WaterBridge Infrastructure LLC (WBI) — Stock Correlations & Overview
Over the past year, WBI has moved most closely with NVIR, PXI, INFL. Explore the stocks most correlated and inversely correlated with WBI below, along with its price, financials, and company profile.
Stocks correlated with WBI
Correlation of daily returns. Higher positive values move with WBI; negative values move opposite it. Informational only, not investment advice.
Most correlated with WBI
| Symbol | Company | Correlation |
|---|---|---|
| NVIR | Horizon Kinetics Energy and Remediation ETF | 0.60 |
| PXI | Invesco Exchange-Traded Fund Trust Invesco Dorsey Wright Energy Momentum ETF | 0.54 |
| INFL | Horizon Kinetics Inflation Beneficiaries ETF | 0.52 |
| RSPG | Invesco S&P 500 Equal Weight Energy ETF | 0.52 |
| FXN | First Trust Energy AlphaDEX Fund | 0.51 |
Most inversely correlated with WBI
| Symbol | Company | Correlation |
|---|---|---|
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.49 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.47 |
| DUG | ProShares UltraShort Energy | -0.46 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.46 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.44 |
Frequently asked questions about WBI correlations
- Which stocks are most correlated with WBI?
- Based on one year of daily returns, the stocks most correlated with WaterBridge Infrastructure LLC (WBI) are NVIR (0.60), PXI (0.54) and INFL (0.52). 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 WBI?
- Over the past year, the stocks most inversely correlated with WaterBridge Infrastructure LLC (WBI) are DRIP (-0.49), OILD (-0.47) and DUG (-0.46). 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 WBI correlations calculated?
- We compute the correlation of daily returns between WBI 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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