Talos Energy Correlations

TALO Stock

USD 9.96 0.04 0.40%

The current 90-days correlation between Talos Energy and SilverBow Resources is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Talos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Talos Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Talos Energy Correlation With Market

Modest diversification

The correlation between Talos Energy and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Talos Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Talos 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 bureau of economic analysis.

To learn how to invest in Talos Stock, please use our How to Invest in Talos Energy guide.

Moving together with Talos Stock

0.76

COP

ConocoPhillips

Pair Corr

Related Correlations Analysis

	SBOW	VTLE	PR	MGY	REI	ESTE	CRK	OBE	MTDR	MUR
SBOW		-0.08	0.1	0.31	0.09	-0.32	-0.19	0.27	0.06	0.13	SBOW
VTLE	-0.08		0.92	0.79	-0.09	0.56	0.76	-0.11	0.9	0.04	VTLE
PR	0.1	0.92		0.89	-0.28	0.56	0.85	-0.15	0.97	-0.15	PR
MGY	0.31	0.79	0.89		-0.17	0.24	0.65	0.11	0.87	0.0	MGY
REI	0.09	-0.09	-0.28	-0.17		-0.38	-0.62	0.65	-0.34	0.88	REI
ESTE	-0.32	0.56	0.56	0.24	-0.38		0.68	-0.48	0.59	-0.42	ESTE
CRK	-0.19	0.76	0.85	0.65	-0.62	0.68		-0.41	0.86	-0.54	CRK
OBE	0.27	-0.11	-0.15	0.11	0.65	-0.48	-0.41		-0.17	0.66	OBE
MTDR	0.06	0.9	0.97	0.87	-0.34	0.59	0.86	-0.17		-0.24	MTDR
MUR	0.13	0.04	-0.15	0.0	0.88	-0.42	-0.54	0.66	-0.24		MUR
	SBOW	VTLE	PR	MGY	REI	ESTE	CRK	OBE	MTDR	MUR

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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

MTDR	+ 0.97	PR
PR	+ 0.92	VTLE
MTDR	+ 0.9	VTLE
MGY	+ 0.89	PR
MUR	+ 0.88	REI
MTDR	+ 0.87	MGY

High negative correlations

CRK	- 0.62	REI
MUR	- 0.54	CRK
OBE	- 0.48	ESTE
MUR	- 0.42	ESTE
OBE	- 0.41	CRK
ESTE	- 0.38	REI

Risk-Adjusted Indicators

There is a big difference between Talos Stock performing well and Talos 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 Talos 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
SBOW	1.58	0.00	0.07	0.00	1.86	(1.98)	3.59	(2.41)	15.61
VTLE	2.49	0.25	0.06	0.46	3.16	(2.66)	5.41	(6.20)	17.63
PR	1.65	0.12	0.05	0.24	2.08	(1.75)	2.90	(3.87)	8.87
MGY	1.61	0.03	0.02	0.11	2.05	(1.57)	2.89	(3.67)	10.45
REI	2.22	(0.32)	0.00	(0.34)	0.00	0.00	4.11	(4.02)	18.99
ESTE	2.25	0.20	0.02	(0.27)	2.66	(2.41)	4.37	(4.80)	10.76
CRK	2.31	0.74	0.32	0.61	1.72	(2.67)	6.84	(3.55)	13.81
OBE	2.07	(0.07)	0.00	0.71	0.00	0.00	3.76	(4.08)	14.69
MTDR	1.75	0.15	0.05	0.29	2.28	(1.79)	3.24	(3.39)	12.94
MUR	1.50	(0.21)	0.00	(0.19)	0.00	0.00	2.83	(3.67)	10.12

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