Alamo Energy Correlations
| ALME Stock | USD 0.0001 0.00 0.00% |
The correlation of Alamo 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.
Alamo |
Moving together with Alamo Stock
| 0.73 | EPSN | Epsilon Energy | PairCorr |
| 0.61 | BSM | Black Stone Minerals | PairCorr |
| 0.75 | CNX | CNX Resources Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.66 | EPM | Evolution Petroleum | PairCorr |
| 0.7 | EXE | Expand Energy Symbol Change | PairCorr |
| 0.72 | KRP | Kimbell Royalty Partners | PairCorr |
Moving against Alamo Stock
| 0.56 | BRY | Berry Petroleum Corp | PairCorr |
| 0.54 | BRN | Barnwell Industries | PairCorr |
| 0.5 | EONR | EON Resources Symbol Change | PairCorr |
| 0.5 | BTE | Baytex Energy Corp | PairCorr |
| 0.48 | SD | SandRidge Energy | PairCorr |
| 0.43 | APA | APA Corporation | PairCorr |
| 0.35 | VTLE | Vital Energy | PairCorr |
| 0.49 | DVN | Devon Energy | PairCorr |
| 0.47 | GTE | Gran Tierra Energy | PairCorr |
| 0.65 | MNR | Mach Natural Resources | PairCorr |
| 0.51 | MUR | Murphy Oil Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.5 | OBE | Obsidian Energy | PairCorr |
| 0.5 | REI | Ring Energy | PairCorr |
| 0.45 | OXY | Occidental Petroleum | PairCorr |
| 0.42 | KOS | Kosmos Energy Potential Growth | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alamo Stock performing well and Alamo 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 Alamo 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AERN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ATUUF | 2.47 | 0.82 | 0.22 | (4.39) | 2.04 | 6.34 | 24.98 | |||
| ARET | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BBLS | 2.91 | (1.72) | 0.00 | (0.78) | 0.00 | 0.00 | 97.50 | |||
| SPRL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PFNO | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CPPXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BPIGF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CYPE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IPRC | 8.91 | 0.47 | 0.00 | 0.18 | 0.00 | 50.00 | 150.00 |