DCP Midstream Correlations
| DCPDelisted Stock | USD 41.69 0.00 0.00% |
The current 90-days correlation between DCP Midstream LP and EnLink Midstream LLC is -0.1 (i.e., Good diversification). The correlation of DCP Midstream 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. If the correlation is 0, the equities are not correlated; they are entirely random.
DCP Midstream Correlation With Market
Very good diversification
The correlation between DCP Midstream LP and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DCP Midstream LP and DJI in the same portfolio, assuming nothing else is changed.
DCP |
Moving together with DCP Stock
| 0.85 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.91 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
| 0.89 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.78 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.69 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.83 | WMT | Walmart Aggressive Push | PairCorr |
| 0.83 | CVX | Chevron Corp Sell-off Trend | PairCorr |
| 0.78 | BAC | Bank of America Aggressive Push | PairCorr |
| 0.69 | HPQ | HP Inc | PairCorr |
| 0.91 | AA | Alcoa Corp Fiscal Year End 15th of January 2025 | PairCorr |
Moving against DCP Stock
| 0.82 | PPERF | Bank Mandiri Persero | PairCorr |
| 0.82 | MRK | Merck Company Fiscal Year End 6th of February 2025 | PairCorr |
| 0.78 | KO | Coca Cola Aggressive Push | PairCorr |
| 0.76 | BKRKF | PT Bank Rakyat | PairCorr |
| 0.75 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.73 | BKRKY | Bank Rakyat | PairCorr |
| 0.69 | PPERY | Bank Mandiri Persero | PairCorr |
| 0.63 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.62 | SHG | Shinhan Financial | PairCorr |
| 0.39 | PBCRY | Bank Central Asia | PairCorr |
| 0.38 | PTBRY | Bank Negara Indonesia | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between DCP Stock performing well and DCP Midstream 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 DCP Midstream'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENLC | 0.84 | 0.26 | 0.23 | 0.75 | 0.38 | 1.71 | 11.30 | |||
| WES | 1.13 | 0.13 | 0.02 | 0.68 | 1.29 | 2.48 | 5.82 | |||
| CEQP | 1.40 | 0.28 | 0.12 | 2.79 | 1.19 | 3.48 | 11.57 | |||
| TRGP | 1.25 | 0.47 | 0.21 | 1.04 | 1.28 | 2.39 | 7.97 | |||
| HESM | 0.87 | 0.05 | (0.03) | 0.25 | 1.00 | 2.08 | 5.41 |
DCP Midstream Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with DCP Midstream stock to make a market-neutral strategy. Peer analysis of DCP Midstream could also be used in its relative valuation, which is a method of valuing DCP Midstream by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Still Interested in DCP Midstream LP?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.