Coorelation between crude and HES

R

reno4nook

I recently read that the stock HES (Hess Corporation) mirrors the price movements of oil closer than any other stock..

Does anyone here have trading experience with this to confirm?

Any ideas what the correlation factor might be?
 
heres rank correlation over the last 85 days

CLG07 COP 0.715137346580947
CLG07 CVX 0.667679719462303
CLG07 HES 0.711046171829339
CLG07 XOM 0.63635300993571
COP CVX 0.747165400350672
COP HES 0.72875511396844
COP XOM 0.679193454120397
CVX HES 0.710578609000584
CVX XOM 0.80905902980713
HES XOM 0.630391583869082
 
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