Trio Petroleum Correlations

TPET Stock

0.89 0.04 4.30%

The current 90-days correlation between Trio Petroleum Corp and Catalent is 0.08 (i.e., Significant diversification). The correlation of Trio Petroleum 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.

Trio Petroleum Correlation With Market

Good diversification

The correlation between Trio Petroleum Corp and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trio Petroleum Corp 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 Trio Petroleum Corp. 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.

Moving together with Trio Stock

0.64	EONR	EON Resources Symbol Change	Pair Corr
0.79	APA	APA Corporation	Pair Corr
0.94	BRN	Barnwell Industries	Pair Corr
0.9	BRY	Berry Petroleum Corp	Pair Corr
0.68	BTE	Baytex Energy Corp	Pair Corr
0.76	DVN	Devon Energy Sell-off Trend	Pair Corr
0.81	EGY	Vaalco Energy	Pair Corr
0.7	KOS	Kosmos Energy	Pair Corr
0.69	MUR	Murphy Oil Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Trio Stock

0.94	EQT	EQT Corporation	Pair Corr
0.94	EXE	Expand Energy Symbol Change	Pair Corr
0.93	CRK	Comstock Resources	Pair Corr
0.92	DEC	Diversified Energy	Pair Corr
0.91	LB	LandBridge Company	Pair Corr
0.91	DMLP	Dorchester Minerals	Pair Corr
0.87	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.82	EP	Empire Petroleum Corp	Pair Corr
0.8	CRC	California Resources Corp	Pair Corr
0.79	PR	Permian Resources	Pair Corr
0.79	VIST	Vista Oil Gas	Pair Corr
0.78	AR	Antero Resources Corp	Pair Corr
0.65	VTLE	Vital Energy	Pair Corr
0.59	EPM	Evolution Petroleum	Pair Corr
0.56	BSM	Black Stone Minerals	Pair Corr
0.55	EOG	EOG Resources	Pair Corr
0.37	EPSN	Epsilon Energy	Pair Corr
0.33	SM	SM Energy	Pair Corr
0.9	TPL	Texas Pacific Land	Pair Corr
0.9	VTS	Vitesse Energy	Pair Corr
0.88	RRC	Range Resources Corp	Pair Corr
0.83	GPOR	Gulfport Energy Operating	Pair Corr
0.82	NOG	Northern Oil Gas	Pair Corr
0.81	HES	Hess	Pair Corr
0.78	PHX	PHX Minerals	Pair Corr
0.72	GPRK	GeoPark	Pair Corr
0.63	MGY	Magnolia Oil Gas	Pair Corr
0.61	STR	Sitio Royalties Corp	Pair Corr

Related Correlations Analysis

	CTLT	FDUS	XTNT	AMP	SEIC	BK	SNDA	JYNT
CTLT		0.6	-0.36	0.19	0.34	0.31	-0.01	0.1	CTLT
FDUS	0.6		-0.88	0.75	0.85	0.79	-0.25	0.35	FDUS
XTNT	-0.36	-0.88		-0.85	-0.9	-0.87	0.31	-0.3	XTNT
AMP	0.19	0.75	-0.85		0.92	0.95	-0.36	0.29	AMP
SEIC	0.34	0.85	-0.9	0.92		0.92	-0.29	0.32	SEIC
BK	0.31	0.79	-0.87	0.95	0.92		-0.26	0.29	BK
SNDA	-0.01	-0.25	0.31	-0.36	-0.29	-0.26		0.48	SNDA
JYNT	0.1	0.35	-0.3	0.29	0.32	0.29	0.48		JYNT
	CTLT	FDUS	XTNT	AMP	SEIC	BK	SNDA	JYNT

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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

BK	+ 0.95	AMP
SEIC	+ 0.92	AMP
BK	+ 0.92	SEIC
SEIC	+ 0.85	FDUS
BK	+ 0.79	FDUS
AMP	+ 0.75	FDUS

High negative correlations

SEIC	- 0.9	XTNT
XTNT	- 0.88	FDUS
BK	- 0.87	XTNT
AMP	- 0.85	XTNT
SNDA	- 0.36	AMP
XTNT	- 0.36	CTLT

Risk-Adjusted Indicators

There is a big difference between Trio Stock performing well and Trio Petroleum 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 Trio Petroleum'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
CTLT	0.46	0.04	(0.03)	0.20	0.30	(0.53)	1.12	(0.69)	3.39
FDUS	0.51	0.10	0.06	0.37	0.42	(0.57)	1.17	(0.99)	3.66
XTNT	2.47	(0.65)	0.00	10.06	0.00	0.00	3.70	(5.17)	35.77
AMP	0.96	0.21	0.23	0.22	0.70	(1.12)	2.18	(1.37)	13.90
SEIC	0.79	0.31	0.30	0.48	0.41	(0.96)	1.57	(1.56)	7.23
BK	0.80	0.14	0.14	0.28	0.54	(0.91)	2.10	(1.20)	4.87
SNDA	2.39	(0.17)	0.00	(0.03)	0.00	0.00	5.59	(4.77)	12.89
JYNT	1.94	(0.15)	(0.03)	0.01	2.09	(2.49)	5.29	(2.97)	15.39

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