Looking to balance out your exposure to CENT? The ETFs below have the lowest correlation with CENT — they tend to move on their own, which can help reduce risk when CENT drops. The stock ideas table highlights individual companies that behave independently from CENT.
No Diversifiers Found for CENT
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CENT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CENT and solid risk/return profiles. The least correlated is Golar LNG Limited (GLNG) (Energy) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Golar LNG Limited | -0.02 | 0.09 | 0.16 | 65 | Energy | |
| Energy Transfer LP | 0.08 | 0.18 | 0.23 | 69 | Energy | |
| American Electric Power Company, Inc. | 0.08 | 0.19 | 0.22 | 79 | Utilities | |
| CECO Environmental Corp. | 0.08 | 0.18 | 0.25 | 92 | Industrials | |
| Huazhu Group Limited | 0.09 | 0.14 | 0.17 | 70 | Consumer Cyclical |
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