Williams Companies Inc. (WMB) — Stock Correlations & Overview
Over the past year, WMB has moved most closely with KMI, TPYP, MLPX. Explore the stocks most correlated and inversely correlated with WMB below, along with its price, financials, and company profile.
Stocks correlated with WMB
Correlation of daily returns. Higher positive values move with WMB; negative values move opposite it. Informational only, not investment advice.
Most correlated with WMB
| Symbol | Company | Correlation |
|---|---|---|
| KMI | Kinder Morgan, Inc.NATURAL GAS TRANSMISSION | 0.83 |
| TPYP | Tortoise North American Pipeline ETF | 0.77 |
| MLPX | Global X MLP & Energy Infrastructure ETF | 0.77 |
| DTM | DT Midstream, Inc.NATURAL GAS TRANSMISSION | 0.77 |
| UMI | USCF Midstream Energy Income Fund | 0.75 |
Most inversely correlated with WMB
| Symbol | Company | Correlation |
|---|---|---|
| DUG | ProShares UltraShort Energy | -0.46 |
| ERY | Direxion Daily Energy Bear 2X ETF | -0.46 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.43 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.36 |
| SDP | ProShares UltraShort Utilities | -0.32 |
Frequently asked questions about WMB correlations
- Which stocks are most correlated with WMB?
- Based on one year of daily returns, the stocks most correlated with Williams Companies Inc. (WMB) are KMI (0.83), TPYP (0.77) and MLPX (0.77). 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 WMB?
- Over the past year, the stocks most inversely correlated with Williams Companies Inc. (WMB) are DUG (-0.46), ERY (-0.46) and OILD (-0.43). 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 WMB correlations calculated?
- We compute the correlation of daily returns between WMB 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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