Alpine Summit Correlations

Summary

ALPSDelisted Stock

USD 0.12 0.02 20.00%

The current 90-days correlation between Alpine Summit Energy and Permianville Royalty Trust is -0.07 (i.e., Good diversification). The correlation of Alpine Summit 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.

Alpine Summit Correlation With Market

Very good diversification

The correlation between Alpine Summit Energy and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alpine Summit Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Alpine Stock

0.85	VLKAF	Volkswagen AG	Pair Corr
0.86	VWAGY	Volkswagen AG 110	Pair Corr
0.84	VLKPF	Volkswagen AG VZO	Pair Corr
0.88	VWAPY	Volkswagen AG Pref	Pair Corr
0.82	DPSTF	Deutsche Post AG	Pair Corr
0.82	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.65	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Moving against Alpine Stock

0.95	AXON	Axon Enterprise	Pair Corr
0.86	WMT	Walmart Aggressive Push	Pair Corr
0.83	VRT	Vertiv Holdings	Pair Corr
0.75	AMZN	Amazon Inc Aggressive Push	Pair Corr
0.73	EOG	EOG Resources	Pair Corr
0.66	NVDA	NVIDIA	Pair Corr
0.46	HNHPF	Hon Hai Precision	Pair Corr
0.45	ACN	Accenture plc Sell-off Trend	Pair Corr
0.34	COP	ConocoPhillips	Pair Corr
0.94	DIS	Walt Disney Aggressive Push	Pair Corr
0.91	IONQ	IONQ Inc	Pair Corr
0.9	NDAQ	Nasdaq Inc	Pair Corr
0.85	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.85	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.81	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.79	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.74	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.7	T	ATT Inc Aggressive Push	Pair Corr
0.68	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.62	HD	Home Depot Sell-off Trend	Pair Corr
0.53	PDYN	Palladyne AI Corp Symbol Change	Pair Corr
0.53	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.48	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr

Related Correlations Analysis

	PVL	CHKR	GULTU	CRT	SJT	HUSA	CEI	TPET	USEG
PVL		-0.59	-0.21	-0.27	-0.45	-0.31	0.49	0.56	-0.48	PVL
CHKR	-0.59		0.4	0.46	0.63	0.59	-0.53	-0.82	0.76	CHKR
GULTU	-0.21	0.4		-0.05	0.02	0.16	-0.61	-0.56	0.4	GULTU
CRT	-0.27	0.46	-0.05		0.83	0.71	-0.03	-0.42	0.71	CRT
SJT	-0.45	0.63	0.02	0.83		0.7	-0.27	-0.65	0.77	SJT
HUSA	-0.31	0.59	0.16	0.71	0.7		-0.1	-0.6	0.86	HUSA
CEI	0.49	-0.53	-0.61	-0.03	-0.27	-0.1		0.69	-0.47	CEI
TPET	0.56	-0.82	-0.56	-0.42	-0.65	-0.6	0.69		-0.86	TPET
USEG	-0.48	0.76	0.4	0.71	0.77	0.86	-0.47	-0.86		USEG
	PVL	CHKR	GULTU	CRT	SJT	HUSA	CEI	TPET	USEG

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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

USEG	+ 0.86	HUSA
SJT	+ 0.83	CRT
USEG	+ 0.77	SJT
USEG	+ 0.76	CHKR
HUSA	+ 0.71	CRT
USEG	+ 0.71	CRT

High negative correlations

USEG	- 0.86	TPET
TPET	- 0.82	CHKR
TPET	- 0.65	SJT
CEI	- 0.61	GULTU
TPET	- 0.6	HUSA
CHKR	- 0.59	PVL

Risk-Adjusted Indicators

There is a big difference between Alpine Stock performing well and Alpine Summit 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 Alpine Summit'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
PVL	1.50	(0.32)	0.00	(0.22)	0.00	0.00	3.38	(4.91)	12.07
CHKR	0.89	0.06	(0.04)	0.98	0.97	(1.47)	2.63	(1.75)	6.12
GULTU	3.74	0.56	0.04	(1.92)	4.32	(7.80)	7.69	(10.00)	28.72
CRT	1.79	0.08	0.03	0.21	1.66	(2.29)	4.27	(2.86)	13.90
SJT	2.06	0.18	0.09	0.31	1.74	(2.73)	5.57	(2.75)	10.70
HUSA	4.53	0.56	0.04	(0.18)	5.30	(5.17)	11.11	(7.14)	37.16
CEI	3.58	(0.22)	0.00	0.30	0.00	0.00	7.62	(7.92)	29.62
TPET	4.51	(1.74)	0.00	5.32	0.00	0.00	9.80	(11.94)	44.22
USEG	3.84	1.06	0.18	(2.96)	3.55	(5.07)	10.18	(5.76)	28.99

View Alpine Summit Related Equities

Permianville Royalty Trust Chesapeake Granite Wash Gulf Coast Cross Timbers Royalty San Juan Basin Houston American Energy Camber Energy Trio Petroleum Corp US Energy Corp PEDEVCO Corp GeoPark Crescent Energy Co PrimeEnergy Epsilon Energy PHX Minerals

Risk & Return

Correlation

Alpine Summit Corporate Management

Michael McCoy	Chief Officer	Profile
Craig Perry	Chairman CEO	Profile
Darren Moulds	Chief Officer	Profile
Reagan Brown	Chief Officer	Profile
Chris Nilan	Managing Director	Profile
Chrystie Holmstrom	Chief Sec	Profile
William Wicker	Chief Officer	Profile

Still Interested in Alpine Summit Energy?

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