Coterra Energy Correlations

CTRA Stock

USD 26.72 0.04 0.15%

The current 90-days correlation between Coterra Energy and Devon Energy is 0.58 (i.e., Very weak diversification). The correlation of Coterra Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Coterra Energy Correlation With Market

Weak diversification

The correlation between Coterra Energy and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coterra Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coterra Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For information on how to trade Coterra Stock refer to our How to Trade Coterra Stock guide.

Moving together with Coterra Stock

0.93	AR	Antero Resources Corp Potential Growth	Pair Corr
0.64	EP	Empire Petroleum Corp	Pair Corr
0.95	PR	Permian Resources	Pair Corr
0.76	SM	SM Energy	Pair Corr
0.75	DMLP	Dorchester Minerals	Pair Corr
0.61	VIST	Vista Oil Gas	Pair Corr
0.86	BSM	Black Stone Minerals	Pair Corr
0.79	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.87	CRC	California Resources Corp	Pair Corr
0.92	CRK	Comstock Resources	Pair Corr
0.93	DEC	Diversified Energy	Pair Corr
0.87	EOG	EOG Resources	Pair Corr
0.77	EPM	Evolution Petroleum	Pair Corr
0.91	EQT	EQT Corporation	Pair Corr
0.85	EXE	Expand Energy Symbol Change	Pair Corr
0.87	HES	Hess	Pair Corr
0.67	KRP	Kimbell Royalty Partners	Pair Corr
0.87	MGY	Magnolia Oil Gas	Pair Corr

Moving against Coterra Stock

0.72	BRY	Berry Petroleum Corp	Pair Corr
0.69	CKX	CKX Lands	Pair Corr
0.62	BRN	Barnwell Industries	Pair Corr
0.37	APA	APA Corporation	Pair Corr
0.33	EONR	EON Resources Symbol Change	Pair Corr

Related Correlations Analysis

	DVN	FANG	EOG	COP	PXD	OXY	RRC	AR	SWN	PR
DVN		0.77	-0.01	0.3	0.27	0.93	-0.47	-0.38	-0.07	-0.21	DVN
FANG	0.77		0.5	0.63	0.21	0.82	0.08	0.12	-0.3	0.32	FANG
EOG	-0.01	0.5		0.77	0.21	0.13	0.82	0.84	-0.18	0.92	EOG
COP	0.3	0.63	0.77		0.34	0.41	0.5	0.5	-0.19	0.65	COP
PXD	0.27	0.21	0.21	0.34		0.38	0.06	0.08	0.56	0.25	PXD
OXY	0.93	0.82	0.13	0.41	0.38		-0.28	-0.18	-0.04	-0.05	OXY
RRC	-0.47	0.08	0.82	0.5	0.06	-0.28		0.97	-0.04	0.92	RRC
AR	-0.38	0.12	0.84	0.5	0.08	-0.18	0.97		0.01	0.91	AR
SWN	-0.07	-0.3	-0.18	-0.19	0.56	-0.04	-0.04	0.01		0.03	SWN
PR	-0.21	0.32	0.92	0.65	0.25	-0.05	0.92	0.91	0.03		PR
	DVN	FANG	EOG	COP	PXD	OXY	RRC	AR	SWN	PR

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AR	+ 0.97	RRC
OXY	+ 0.93	DVN
PR	+ 0.92	EOG
PR	+ 0.92	RRC
PR	+ 0.91	AR
AR	+ 0.84	EOG

High negative correlations

RRC	- 0.47	DVN
AR	- 0.38	DVN
SWN	- 0.3	FANG
RRC	- 0.28	OXY
PR	- 0.21	DVN
SWN	- 0.19	COP

Risk-Adjusted Indicators

There is a big difference between Coterra Stock performing well and Coterra Energy Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Coterra Energy's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DVN	1.31	(0.30)	0.00	(0.37)	0.00	0.00	2.14	(2.99)	7.08
FANG	1.68	(0.20)	0.00	(0.17)	0.00	0.00	3.00	(3.91)	9.60
EOG	1.16	(0.01)	(0.04)	0.11	1.56	(1.11)	1.92	(3.19)	9.26
COP	1.29	(0.08)	0.00	(0.09)	0.00	0.00	2.59	(3.41)	11.42
PXD	1.23	(0.08)	0.00	(0.12)	0.00	0.00	2.43	(2.71)	6.32
OXY	1.19	(0.23)	0.00	(0.35)	0.00	0.00	2.00	(2.84)	7.68
RRC	1.40	0.19	0.10	0.35	1.47	(1.53)	3.64	(2.66)	8.94
AR	1.79	0.19	0.08	0.30	2.03	(1.87)	4.91	(2.73)	13.54
SWN	1.27	0.08	(0.02)	1.18	1.50	(1.37)	2.82	(2.32)	6.63
PR	1.62	0.05	0.02	0.19	1.97	(1.76)	2.90	(3.33)	8.22

Coterra Energy Corporate Management

Jeffrey Hutton	Senior Vice President of Marketing	Profile
Todd Roemer	Chief Accounting Officer, Vice President	Profile
Marcus Watts	Independent Director	Profile
Charles Dyson	Vice President - Information Services	Profile
Marcus Bolinder	Corporate Secretary	Profile
Todd Liebl	Senior Vice President - Land and Business Development	Profile

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