Expand Energy Correlations

EXEEL Stock

85.90 0.12 0.14%

The current 90-days correlation between Expand Energy and Antero Resources Corp is 0.36 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Expand Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Expand Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Expand Energy Correlation With Market

Average diversification

The correlation between Expand Energy and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expand Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Expand 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 income.

For more information on how to buy Expand Stock please use our How to buy in Expand Stock guide.

Moving together with Expand Stock

0.78	AR	Antero Resources Corp	Pair Corr
0.76	EP	Empire Petroleum Corp	Pair Corr
0.81	PR	Permian Resources	Pair Corr
0.92	DMLP	Dorchester Minerals	Pair Corr
0.7	VIST	Vista Oil Gas	Pair Corr
0.63	VTLE	Vital Energy	Pair Corr
0.61	BSM	Black Stone Minerals	Pair Corr
0.94	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.8	CRC	California Resources Corp	Pair Corr
0.92	CRK	Comstock Resources	Pair Corr
0.86	DEC	Diversified Energy	Pair Corr
0.64	EOG	EOG Resources	Pair Corr
0.94	EQT	EQT Corporation	Pair Corr
0.97	EXE	Expand Energy Symbol Change	Pair Corr
0.86	HES	Hess	Pair Corr
0.67	KRP	Kimbell Royalty Partners	Pair Corr
0.71	MGY	Magnolia Oil Gas	Pair Corr

Moving against Expand Stock

0.91	BRN	Barnwell Industries	Pair Corr
0.86	BRY	Berry Petroleum Corp	Pair Corr
0.69	APA	APA Corporation	Pair Corr
0.68	EGY	Vaalco Energy	Pair Corr
0.63	DVN	Devon Energy Sell-off Trend	Pair Corr
0.62	BTE	Baytex Energy Corp	Pair Corr
0.53	EONR	EON Resources Symbol Change	Pair Corr
0.38	SD	SandRidge Energy	Pair Corr
0.84	VRN	Veren Inc Symbol Change	Pair Corr
0.76	TBN	Tamboran Resources	Pair Corr
0.7	REI	Ring Energy	Pair Corr
0.64	PED	PEDEVCO Corp	Pair Corr
0.62	MUR	Murphy Oil Fiscal Year End 23rd of January 2025	Pair Corr
0.62	WDS	Woodside Energy Group	Pair Corr
0.59	KOS	Kosmos Energy	Pair Corr
0.53	OXY	Occidental Petroleum	Pair Corr
0.5	WTI	WT Offshore	Pair Corr
0.43	MNR	Mach Natural Resources	Pair Corr

Related Correlations Analysis

	AR	EP	PR	SD	SM	DMLP	VIST	VTLE	EONR	EPSN
AR		0.69	0.91	0.09	0.5	0.67	0.64	0.86	-0.5	0.32	AR
EP	0.69		0.64	-0.3	0.09	0.7	0.72	0.58	-0.6	0.2	EP
PR	0.91	0.64		0.11	0.69	0.8	0.6	0.92	-0.43	0.31	PR
SD	0.09	-0.3	0.11		0.37	-0.37	-0.37	0.29	0.42	-0.04	SD
SM	0.5	0.09	0.69	0.37		0.54	0.16	0.61	0.14	0.5	SM
DMLP	0.67	0.7	0.8	-0.37	0.54		0.64	0.65	-0.45	0.43	DMLP
VIST	0.64	0.72	0.6	-0.37	0.16	0.64		0.54	-0.55	0.28	VIST
VTLE	0.86	0.58	0.92	0.29	0.61	0.65	0.54		-0.41	0.17	VTLE
EONR	-0.5	-0.6	-0.43	0.42	0.14	-0.45	-0.55	-0.41		0.21	EONR
EPSN	0.32	0.2	0.31	-0.04	0.5	0.43	0.28	0.17	0.21		EPSN
	AR	EP	PR	SD	SM	DMLP	VIST	VTLE	EONR	EPSN

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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

VTLE	+ 0.92	PR
PR	+ 0.91	AR
VTLE	+ 0.86	AR
DMLP	+ 0.8	PR
VIST	+ 0.72	EP
DMLP	+ 0.7	EP

High negative correlations

EONR	- 0.6	EP
EONR	- 0.55	VIST
EONR	- 0.5	AR
EONR	- 0.45	DMLP
EONR	- 0.43	PR
EONR	- 0.41	VTLE

Risk-Adjusted Indicators

There is a big difference between Expand Stock performing well and Expand 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 Expand 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
AR	1.80	0.23	0.10	0.31	1.94	(1.95)	5.25	(2.59)	13.54
EP	2.65	0.34	0.11	0.27	3.19	(2.68)	6.76	(5.99)	15.67
PR	1.65	0.12	0.05	0.24	2.08	(1.75)	2.90	(3.87)	8.87
SD	1.35	(0.10)	0.00	(0.07)	0.00	0.00	3.24	(2.82)	10.79
SM	1.87	0.02	0.00	0.12	2.86	(1.64)	3.42	(4.03)	13.00
DMLP	0.95	0.20	0.08	1.78	1.12	(0.98)	2.24	(1.87)	8.42
VIST	2.09	0.37	0.13	(2.96)	1.82	(2.56)	5.43	(3.41)	12.65
VTLE	2.49	0.25	0.06	0.46	3.16	(2.66)	5.41	(6.20)	17.63
EONR	7.83	0.70	0.03	(0.11)	9.00	(9.01)	14.71	(16.29)	139.86
EPSN	1.97	0.32	0.09	(1.24)	2.10	(2.28)	4.46	(3.65)	11.32

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