Vermilion Energy Correlations

VET Stock

USD 10.24 0.04 0.39%

The current 90-days correlation between Vermilion Energy and Crescent Energy Co is 0.62 (i.e., Poor diversification). The correlation of Vermilion 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Vermilion Energy Correlation With Market

Average diversification

The correlation between Vermilion Energy and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vermilion 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 Vermilion 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 Vermilion Stock please use our How to Invest in Vermilion Energy guide.

Moving together with Vermilion Stock

0.72	AR	Antero Resources Corp Potential Growth	Pair Corr
0.78	PR	Permian Resources	Pair Corr
0.83	SM	SM Energy	Pair Corr
0.65	EPSN	Epsilon Energy	Pair Corr
0.75	BSM	Black Stone Minerals	Pair Corr
0.63	COP	ConocoPhillips	Pair Corr
0.67	CRC	California Resources Corp	Pair Corr
0.66	CRK	Comstock Resources	Pair Corr
0.62	DEC	Diversified Energy	Pair Corr
0.79	EOG	EOG Resources	Pair Corr
0.68	EPM	Evolution Petroleum	Pair Corr
0.61	EQT	EQT Corporation	Pair Corr
0.62	EXE	Expand Energy Symbol Change	Pair Corr
0.81	HES	Hess	Pair Corr
0.73	KRP	Kimbell Royalty Partners	Pair Corr
0.77	MGY	Magnolia Oil Gas	Pair Corr

Related Correlations Analysis

	EPSN	CRGY	EPM	XLEFF	CKX	GPRK	PHX	MXC	REPX
EPSN		0.68	0.5	-0.46	-0.1	0.38	0.55	0.48	0.41	EPSN
CRGY	0.68		0.76	-0.28	-0.62	0.63	0.68	0.15	0.9	CRGY
EPM	0.5	0.76		-0.53	-0.39	0.39	0.48	0.32	0.77	EPM
XLEFF	-0.46	-0.28	-0.53		-0.07	0.24	-0.27	-0.24	-0.19	XLEFF
CKX	-0.1	-0.62	-0.39	-0.07		-0.5	-0.46	0.28	-0.75	CKX
GPRK	0.38	0.63	0.39	0.24	-0.5		0.43	0.27	0.59	GPRK
PHX	0.55	0.68	0.48	-0.27	-0.46	0.43		-0.08	0.6	PHX
MXC	0.48	0.15	0.32	-0.24	0.28	0.27	-0.08		0.02	MXC
REPX	0.41	0.9	0.77	-0.19	-0.75	0.59	0.6	0.02		REPX
	EPSN	CRGY	EPM	XLEFF	CKX	GPRK	PHX	MXC	REPX

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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

REPX	+ 0.9	CRGY
REPX	+ 0.77	EPM
EPM	+ 0.76	CRGY
CRGY	+ 0.68	EPSN
PHX	+ 0.68	CRGY
GPRK	+ 0.63	CRGY

High negative correlations

REPX	- 0.75	CKX
CKX	- 0.62	CRGY
XLEFF	- 0.53	EPM
GPRK	- 0.5	CKX
PHX	- 0.46	CKX
XLEFF	- 0.46	EPSN

Risk-Adjusted Indicators

There is a big difference between Vermilion Stock performing well and Vermilion 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 Vermilion 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
EPSN	1.90	0.14	0.01	2.50	2.30	(2.05)	4.46	(3.74)	11.32
CRGY	2.00	0.33	0.12	0.54	2.23	(2.32)	3.79	(3.20)	17.80
EPM	1.84	0.15	0.06	0.31	1.81	(2.22)	3.99	(3.20)	20.30
XLEFF	2.95	(1.16)	0.00	0.55	0.00	0.00	0.00	0.00	99.00
CKX	1.19	(0.08)	0.00	0.57	0.00	0.00	2.72	(3.25)	8.11
GPRK	2.18	0.02	(0.01)	0.15	2.49	(2.23)	5.09	(3.58)	12.81
PHX	1.21	0.19	0.04	2.45	1.45	(1.54)	2.42	(2.62)	13.02
MXC	2.37	(0.13)	0.00	(1.92)	0.00	0.00	4.55	(5.06)	18.69
REPX	1.97	0.17	0.11	0.24	1.90	(2.14)	3.98	(2.97)	12.71

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