Antero Midstream Correlations
| AM Stock | USD 22.48 0.12 0.54% |
The current 90-days correlation between Antero Midstream Partners and ProFrac Holding Corp is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Antero Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Antero Midstream Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Antero Midstream Correlation With Market
Very weak diversification
The correlation between Antero Midstream Partners and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Antero Midstream Partners and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Antero Stock
| 0.89 | EE | Excelerate Energy Earnings Call This Week | PairCorr |
| 0.88 | ET | Energy Transfer LP | PairCorr |
| 0.93 | TK | Teekay | PairCorr |
| 0.72 | SRR | Source Rock Royalties | PairCorr |
| 0.65 | AQ30 | ALTAGAS LTD PRFG | PairCorr |
| 0.92 | ENB | Enbridge | PairCorr |
| 0.88 | ALA | AltaGas Earnings Call This Week | PairCorr |
| 0.91 | G2O | Golar LNG Limited | PairCorr |
| 0.96 | KEY | Keyera Corp | PairCorr |
| 0.91 | EN3 | Enbridge | PairCorr |
| 0.87 | TPZ | Topaz Energy Corp | PairCorr |
| 0.93 | P5P | Pembina Pipeline Corp | PairCorr |
| 0.82 | CHQ1 | Cheniere Energy | PairCorr |
| 0.89 | TK41 | Tsakos Energy Navigation Earnings Call This Week | PairCorr |
| 0.96 | K2Y | Keyera Corp | PairCorr |
| 0.9 | ASC | Ardmore Shpng | PairCorr |
| 0.94 | CQP | Cheniere Energy Partners | PairCorr |
| 0.85 | OCW | Euronav NV | PairCorr |
| 0.94 | DHT | DHT Holdings | PairCorr |
| 0.87 | DKL | Delek Logistics Partners Earnings Call This Week | PairCorr |
| 0.97 | DTM | DT Midstream | PairCorr |
| 0.95 | ENB | Enbridge | PairCorr |
| 0.94 | EPD | Enterprise Products | PairCorr |
| 0.89 | ETP | Energy Transfer Partners | PairCorr |
| 0.92 | FRO | Frontline | PairCorr |
| 0.85 | GEL | Genesis Energy LP | PairCorr |
| 0.89 | GLP | Global Partners LP | PairCorr |
| 0.95 | KMI | Kinder Morgan | PairCorr |
| 0.93 | KYN | Kayne Anderson MLP | PairCorr |
| 0.87 | LNG | Cheniere Energy | PairCorr |
| 0.92 | LPG | Dorian LPG | PairCorr |
| 0.9 | NAT | Nordic American Tankers Buyout Trend | PairCorr |
| 0.85 | NGL | NGL Energy Partners | PairCorr |
| 0.94 | OKE | ONEOK Inc | PairCorr |
| 0.86 | PAA | Plains All American | PairCorr |
| 0.93 | PBA | Pembina Pipeline Corp Sell-off Trend | PairCorr |
Related Correlations Analysis
| 0.65 | 0.92 | 0.82 | 0.79 | 0.89 | ACDC | ||
| 0.65 | 0.65 | 0.3 | 0.77 | 0.7 | WBI | ||
| 0.92 | 0.65 | 0.78 | 0.86 | 0.93 | PDS | ||
| 0.82 | 0.3 | 0.78 | 0.63 | 0.74 | TTI | ||
| 0.79 | 0.77 | 0.86 | 0.63 | 0.9 | TEN-PE | ||
| 0.89 | 0.7 | 0.93 | 0.74 | 0.9 | NBR | ||
Risk-Adjusted Indicators
There is a big difference between Antero Stock performing well and Antero Midstream 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 Antero Midstream'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ACDC | 3.16 | 0.57 | 0.20 | 0.38 | 2.90 | 8.48 | 24.77 | |||
| WBI | 1.99 | 0.28 | 0.09 | 0.56 | 2.21 | 3.73 | 11.64 | |||
| PDS | 1.63 | 0.58 | 0.29 | 0.75 | 1.64 | 3.79 | 12.76 | |||
| TTI | 2.84 | 0.17 | 0.05 | 0.17 | 4.25 | 5.47 | 29.14 | |||
| TEN-PE | 0.28 | 0.04 | (0.09) | 1.11 | 0.21 | 0.58 | 2.02 | |||
| NBR | 2.46 | 0.71 | 0.22 | 0.50 | 2.61 | 6.61 | 19.56 |