Obsidian Competitors
| OBE Stock | USD 8.03 0.28 3.61% |
Obsidian Energy vs GasLog Partners Correlation
Very weak diversification
The correlation between Obsidian Energy and GLOP-PA is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Obsidian Energy and GLOP-PA in the same portfolio, assuming nothing else is changed.
Moving together with Obsidian Stock
| 0.77 | FANG | Diamondback Energy | PairCorr |
| 0.95 | CNQ | Canadian Natural Res | PairCorr |
| 0.81 | COP | ConocoPhillips | PairCorr |
| 0.8 | EOG | EOG Resources | PairCorr |
Moving against Obsidian Stock
| 0.75 | PBCRY | Bank Central Asia | PairCorr |
| 0.56 | DEC | Diversified Energy | PairCorr |
| 0.49 | DEC | Diversified Energy | PairCorr |
Obsidian Energy Competition Correlation Matrix
Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Obsidian Energy and its competitors represents the degree of relationship between the price movements of corresponding stocks. A correlation of about +1.0 implies that the price of Obsidian and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Obsidian Energy does not affect the price movement of the other competitor.
High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Obsidian Stock performing well and Obsidian 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 Obsidian 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WTI | 2.94 | 0.38 | 0.12 | 0.71 | 2.63 | 7.14 | 15.72 | |||
| GFR | 2.90 | 0.52 | 0.12 | (1.51) | 3.25 | 5.87 | 14.81 | |||
| EGY | 2.13 | 0.35 | 0.11 | 0.61 | 2.54 | 5.48 | 18.23 | |||
| GPRK | 1.86 | 0.14 | 0.03 | 0.96 | 2.16 | 4.21 | 15.62 | |||
| FET | 2.09 | 0.69 | 0.29 | 0.93 | 1.83 | 5.40 | 13.46 | |||
| SGU | 0.84 | 0.19 | 0.11 | 5.49 | 0.78 | 2.00 | 5.44 | |||
| TBN | 2.15 | 0.28 | 0.11 | 0.52 | 2.12 | 5.49 | 14.63 | |||
| OIS | 1.91 | 0.46 | 0.24 | 0.38 | 1.58 | 5.17 | 9.88 | |||
| SD | 1.74 | 0.59 | 0.25 | (2.86) | 1.63 | 4.28 | 10.99 | |||
| GLOP-PA | 0.33 | 0.03 | (0.10) | 0.44 | 0.32 | 0.75 | 2.38 |
Cross Equities Net Income Analysis
Compare Obsidian Energy and related stocks such as WT Offshore, Greenfire Resources, and Vaalco Energy Net Income Over Time
Select Fundamental| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WTI | 48.2 M | 172.8 M | 72 M | 51.3 M | (11.7 M) | (1 B) | (249 M) | 79.7 M | 248.8 M | 74.1 M | 37.8 M | (41.5 M) | 231.1 M | 15.6 M | (87.1 M) | (78.4 M) | (74.5 M) |
| GFR | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (360 K) | (711.6 K) | 131.7 M | (135.7 M) | 121.4 M | 139.6 M | 146.6 M |
| EGY | (3.8 M) | 34.1 M | 631 K | 43.1 M | (77.5 M) | (158.7 M) | (26.6 M) | 9.7 M | 98.2 M | 2.6 M | (48.2 M) | 81.8 M | 51.9 M | 60.4 M | 57.8 M | 66.4 M | 69.8 M |
| GPRK | (3.2 M) | 54.4 K | 11.9 M | 22 M | 7.5 M | (234 M) | (49.1 M) | (24.2 M) | 72.4 M | 57.8 M | (232.9 M) | 61.1 M | 224.4 M | 111.1 M | 96.4 M | 110.8 M | 116.4 M |
| FET | 19.3 M | 93.3 M | 151.4 M | 129.6 M | 174.3 M | (119.4 M) | (82 M) | (57.1 M) | (374.1 M) | (567.1 M) | (96.9 M) | (82.7 M) | 3.7 M | (18.9 M) | (135.3 M) | (121.8 M) | (115.7 M) |
| SGU | 2.6 M | 24.8 M | 27.9 M | 32.9 M | 34.2 M | 40.4 M | 26 M | 49.2 M | 17.6 M | 55.9 M | 87.7 M | 35.3 M | 29.3 M | 32.1 M | 73.5 M | 84.5 M | 88.7 M |
| TBN | (4.2 M) | (4.2 M) | (4.2 M) | (4.2 M) | (4.2 M) | (4.2 M) | (4.2 M) | (4.2 M) | (15.4 M) | (14.5 M) | (23.8 M) | (7.8 M) | (32 M) | (21.9 M) | (36.9 M) | (33.2 M) | (31.6 M) |
| OIS | 902 K | 322.5 M | 448.6 M | 421.3 M | 179 M | 28.6 M | (46.4 M) | (84.8 M) | (19.1 M) | (231.8 M) | (468.4 M) | (64 M) | (9.5 M) | 12.9 M | (11.3 M) | (10.1 M) | (9.6 M) |
| SD | 12.9 M | 108.1 M | 141.6 M | (553.9 M) | 253.3 M | (3.7 B) | (3.7 B) | 47.1 M | (9.1 M) | (449.3 M) | (277.4 M) | 116.7 M | 242.2 M | 60.9 M | 63 M | 56.7 M | 59.5 M |
Obsidian Energy and related stocks such as WT Offshore, Greenfire Resources, and Vaalco Energy Net Income description
Net income is one of the most important fundamental items in finance. It plays a large role in Obsidian Energy financial statement analysis. It represents the amount of money remaining after all of Obsidian Energy operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.Obsidian Energy Competitive Analysis
The better you understand Obsidian Energy competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Obsidian Energy's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Obsidian Energy's competition over several years is one of the best ways to analyze its investment potential.| Better Than Average | Worse Than Peers | View Performance Chart |
Obsidian Energy Competition Performance Charts
Five steps to successful analysis of Obsidian Energy Competition
Obsidian Energy's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Obsidian Energy in relation to its competition. Obsidian Energy's competition analysis typically involves several steps, including:- Identifying the key players in the market: This involves identifying the major competitors of Obsidian Energy in the market, both direct and indirect, as well as new entrants and disruptive technologies.
- Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
- Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Obsidian Energy's competitive landscape.
- Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Obsidian Energy, and developing a strategy to address them.
- Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
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Check out Obsidian Energy Correlation with its peers. For information on how to trade Obsidian Stock refer to our How to Trade Obsidian Stock guide.You can also try the Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
Will Oil & Gas Exploration & Production sector continue expanding? Could Obsidian diversify its offerings? Factors like these will boost the valuation of Obsidian Energy. Anticipated expansion of Obsidian directly elevates investor willingness to pay premium valuations. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Obsidian Energy data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth (0.43) | Earnings Share (2.26) | Revenue Per Share | Quarterly Revenue Growth (0.41) | Return On Assets |
Obsidian Energy's market price often diverges from its book value, the accounting figure shown on Obsidian's balance sheet. Smart investors calculate Obsidian Energy's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Since Obsidian Energy's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
It's important to distinguish between Obsidian Energy's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Obsidian Energy should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. However, Obsidian Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.