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Data notes on how US-listed stocks move together, based on the Correlworks correlation distributions (Pearson correlation of daily closing prices, about five years, data as of June 18, 2025). See the methodology.
Are Oil Stocks a Hedge Against Tech? XOM, CVX and COP vs. 6,809 US Stocks
· DATAUNION
Exxon's 5-year price correlation was negative with 64.1% of 6,809 US-listed stocks, and 32.4% of its pairs were strongly negative (≤ −0.7), against 7.7% for Nvidia. How oil majors, refiners and services compare with megacap tech. Read →
Is Apple Still a Tech Stock? AAPL's Correlation With 6,809 US Stocks
· DATAUNION
Apple's correlation with the Nasdaq 100 just turned negative. Over 5 years, 59.7% of AAPL's 6,809 stock pairs were already negative. How Apple compares with the other megacaps and its own sector. Read →