Cactus, Inc. (WHD) — Stock Correlations & Overview
Over the past year, WHD has moved most closely with XES, OIH, IEZ. Explore the stocks most correlated and inversely correlated with WHD below, along with its price, financials, and company profile.
Stocks correlated with WHD
Correlation of daily returns. Higher positive values move with WHD; negative values move opposite it. Informational only, not investment advice.
Most correlated with WHD
| Symbol | Company | Correlation |
|---|---|---|
| XES | State Street SPDR S&P Oil & Gas Equipment & Services ETF | 0.66 |
| OIH | VanEck Oil Services ETF | 0.64 |
| IEZ | iShares U.S. Oil Equipment & Services ETF | 0.64 |
| PXJ | Invesco Oil & Gas Services ETF | 0.62 |
| INVX | Innovex International, Inc.OIL & GAS FIELD MACHINERY & EQUIPMENT | 0.60 |
Most inversely correlated with WHD
| Symbol | Company | Correlation |
|---|---|---|
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.39 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.38 |
| DUG | ProShares UltraShort Energy | -0.38 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.36 |
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.34 |
Frequently asked questions about WHD correlations
- Which stocks are most correlated with WHD?
- Based on one year of daily returns, the stocks most correlated with Cactus, Inc. (WHD) are XES (0.66), OIH (0.64) and IEZ (0.64). 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 WHD?
- Over the past year, the stocks most inversely correlated with Cactus, Inc. (WHD) are OILD (-0.39), ERY (-0.38) and DUG (-0.38). 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 WHD correlations calculated?
- We compute the correlation of daily returns between WHD 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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