VAL Valaris Limited

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

VAL vs RIG

Both indexed to 100 at 2026-05-11.

VAL RIG · range 74–117 · 2026-05-11 → 2026-11-06

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

RIG Transocean LTD.

ρ +0.86beyond mkt +0.73holdout +0.99stable 100%robust

NE Noble Corporation plc

ρ +0.85beyond mkt +0.70holdout +0.81stable 100%robust

SDRL Seadrill Limited

ρ +0.78beyond mkt +0.58holdout +0.82stable 100%robust

BORR Borr Drilling Limited

ρ +0.70beyond mkt +0.52holdout +0.67stable 100%robust

OIH VanEck Oil Services ETF

ρ +0.75beyond mkt +0.48holdout +0.73stable 100%robust

TDW Tidewater, Inc.

ρ +0.70beyond mkt +0.45holdout +0.67stable 100%robust

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

CHRW C.H. Robinson Worldwide, Inc. Common Stock

Δ -0.66recent -0.44prior +0.22beyond mkt -0.04

ARCB ArcBest Corporation Common Stock

Δ -0.60recent -0.32prior +0.28beyond mkt -0.01

CRON Cronos Group Inc. Common Share

Δ -0.58recent -0.42prior +0.16beyond mkt -0.05

WMK Weis Markets, Inc.

Δ -0.56recent -0.40prior +0.16beyond mkt +0.06

SHOO Steven Madden, Ltd. Common Stock

Δ -0.55recent -0.35prior +0.19beyond mkt +0.01

CMTL Comtech Telecommunications Corp. Common Stock

Δ -0.54recent -0.37prior +0.18beyond mkt -0.01

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

Symbol	beyond mkt	raw ρ	shared
OIH VanEck Oil Services ETF	+0.48	+0.75	17
TDW Tidewater, Inc.	+0.45	+0.70	17
RIG Transocean LTD.	+0.73	+0.86	22
NE Noble Corporation plc	+0.70	+0.85	22
NBR Nabors Industries Ltd.	+0.38	+0.68	16
SDRL Seadrill Limited	+0.58	+0.78	22