OIH Components Most Correlated with Crude Oil Portfolio - Stockpickr! Your Source for Stock Ideas

OIH Components Most Correlated with Crude Oil

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Created by Omid Malekan

DESCRIPTION:

Date updated:01-30-2007

This is a portfolio of the members of the OIH ETF ranked according to their correlation to the price of front month NYMEX Light Sweet Crude in the past year.

In the description box for each stock is its Pearson Correlation Coefficient.

BHI
Baker Hughes Intl
$41.00
+0.07%
$40.90

Correlation Coefficient: 0.72

People owning BHI also tend to own: ANN AUY BAC ERIC F GE GLW

TheStreet.com Rating: C What is this?

BP
Bp Plc
$58.72
+0.14%
$58.85

Correlation Coefficient: 0.63

People owning BP also tend to own: BAC CBSH CL ED FITB FRE GE

TheStreet.com Rating: C+ What is this?

HAL
Halliburton Co
$30.46
+0.07%
$30.26

Correlation Coefficient: 0.60

People owning HAL also tend to own: ATI MFLX TEX TIE AIG BA C

TheStreet.com Rating: B- What is this?

OIH
Oil Service Holdr
$119.60
+0.81%
$118.68

Correlation Coefficient: 0.52

People owning OIH also tend to own: BTU SPY XLE XOM DVN MPET SUN

TheStreet.com Rating: No Rating What is this?

NBR
Nabors Inds Inc N
$20.71
+1.77%
$20.31

Correlation Coefficient: 0.50

People owning NBR also tend to own: ESV HP RDC AMTD BNI GLW UNH

TheStreet.com Rating: C What is this?

SLB
Schlumberger Ltd
$65.56
+1.44%
$64.37

Correlation Coefficient: 0.38

People owning SLB also tend to own: AXA FDX NOK NUE RTP TM AAPL

TheStreet.com Rating: B- What is this?

DO
Diamond Offshore
$99.87
+0.52%
$99.16

Correlation Coefficient: 0.34

People owning DO also tend to own: ACI BJS BTU CNX CWEI DNR GSF

TheStreet.com Rating: B What is this?

BRG
Brg
$0.00
N/A
$N/A

Correlation Coefficient: 0.32

People owning BRG also tend to own: CCJ CGMFX CHK CP CVA HLX PCU

TheStreet.com Rating: No Rating What is this?

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03/14/2007 07:56 AM CDT Asked by DMO Investments
Most of the stocks listed are not components of the OIH

02/02/2007 21:43 PM CST Asked by Dan A
I would think the Canadian Royalties like CNE and ENT would also benefit.

02/01/2007 17:08 PM CST Asked by bluefish
This is a great resource. I've decided that instead of complaining about the price of gas this coming summer I'm going to use my gas budget for that season and sink it into some of these stocks. Then I'll sell in July and use the money to bring down my gas costs. I got this idea from the airlines. It doesn't help them much, but I'll see how it works for me.

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