CNQ Canadian Natural Resources Limited

together opposite · bar = ρ at each lag, −10 … 0 … +10 days · holdout ρ · click a card for the full picture

CNQ vs CVE

Both indexed to 100 at 2026-05-11.

CNQ CVE · range 84–126 · 2026-05-11 → 2026-11-06

Same day, ranked by what's left after the market and sector factors are removed ("beyond mkt").

CVE Cenovus Energy Inc.

ρ +0.83beyond mkt +0.49holdout +0.88stable 100%robust

IMO Imperial Oil Limited

ρ +0.76beyond mkt +0.42holdout +0.85stable 100%robust

SU Suncor Energy, Inc.

ρ +0.79beyond mkt +0.41holdout +0.87stable 100%robust

BTE Baytex Energy Corp.

ρ +0.75beyond mkt +0.33holdout +0.79stable 100%robust

VET VERMILION ENERGY INC.

ρ +0.78beyond mkt +0.33holdout +0.85stable 100%robust

OBE Obsidian Energy Ltd.

ρ +0.75beyond mkt +0.32holdout +0.71stable 100%robust

No day-to-day relationship, but 5- or 10-day returns move together.

CANE Teucrium Sugar Fund

horizon 5dρ +0.31holdout +0.43stable 50%moderate

Biggest shifts in same-day correlation over the last 63 trading days versus the year before.

FIP FTAI Infrastructure Inc. Common Stock

Δ -0.63recent -0.47prior +0.16beyond mkt -0.02

LEE Lee Enterprises, Incorporated Common Stock

Δ -0.59recent -0.45prior +0.13beyond mkt -0.00

TLRY Tilray Brands, Inc. Common Stock

Δ -0.54recent -0.43prior +0.11beyond mkt +0.05

SSTK SHUTTERSTOCK, INC.

Δ -0.50recent -0.40prior +0.10beyond mkt +0.06

MOOD Alpha Architect ETF Trust Relative Sentiment Tactical Allocation ETF

Δ -0.50recent -0.32prior +0.18beyond mkt -0.09

BDN Brandywine Realty Trust

Δ -0.47recent -0.37prior +0.09beyond mkt -0.00

Strong beyond-the-market co-movement with few shared neighbours.

Symbol	beyond mkt	raw ρ	shared
CVE Cenovus Energy Inc.	+0.49	+0.83	14
IMO Imperial Oil Limited	+0.42	+0.76	12
SU Suncor Energy, Inc.	+0.41	+0.79	12