Alliance Resource Correlations

ARLP Stock

USD 23.31 0.02 0.09%

The current 90-days correlation between Alliance Resource and Whitehaven Coal Limited is 0.25 (i.e., Modest diversification). The correlation of Alliance Resource 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.

Alliance Resource Correlation With Market

Modest diversification

The correlation between Alliance Resource Partners and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alliance Resource Partners and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Alliance Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alliance Resource Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Alliance Stock

0.64

1AE

Aurora Energy Metals

Pair Corr

Moving against Alliance Stock

0.48	TTE	TotalEnergies SE ADR Sell-off Trend	Pair Corr
0.36	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.35	EVT	Economic Investment Trust	Pair Corr
0.52	NOEM	CO2 Energy Transition	Pair Corr
0.5	URU	URU Metals	Pair Corr
0.45	ATHA	Athira Pharma Downward Rally	Pair Corr
0.38	CTOWY	China TowerLimited	Pair Corr
0.32	TLK	Telkom Indonesia Tbk	Pair Corr

Related Correlations Analysis

	WHITF	BTU	NHPEF	FSHYF	NRP	EXXAF	PBATF	PADEF	MOGLF	HCC
WHITF		0.02	-0.14	0.0	-0.17	0.0	0.0	0.0	-0.43	0.81	WHITF
BTU	0.02		-0.15	0.0	0.52	0.0	0.0	0.0	0.38	-0.08	BTU
NHPEF	-0.14	-0.15		0.0	-0.32	0.0	0.0	0.0	0.14	-0.06	NHPEF
FSHYF	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FSHYF
NRP	-0.17	0.52	-0.32	0.0		0.0	0.0	0.0	0.09	-0.16	NRP
EXXAF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	EXXAF
PBATF	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PBATF
PADEF	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	PADEF
MOGLF	-0.43	0.38	0.14	0.0	0.09	0.0	0.0	0.0		-0.69	MOGLF
HCC	0.81	-0.08	-0.06	0.0	-0.16	0.0	0.0	0.0	-0.69		HCC
	WHITF	BTU	NHPEF	FSHYF	NRP	EXXAF	PBATF	PADEF	MOGLF	HCC

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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

HCC	+ 0.81	WHITF
NRP	+ 0.52	BTU
MOGLF	+ 0.38	BTU
MOGLF	+ 0.14	NHPEF
MOGLF	+ 0.09	NRP
BTU	+ 0.02	WHITF

High negative correlations

HCC	- 0.69	MOGLF
MOGLF	- 0.43	WHITF
NRP	- 0.32	NHPEF
NRP	- 0.17	WHITF
HCC	- 0.16	NRP
NHPEF	- 0.15	BTU

Risk-Adjusted Indicators

There is a big difference between Alliance Stock performing well and Alliance Resource 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 Alliance Resource'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
WHITF	2.13	0.33	0.10	5.25	2.08	(2.83)	4.65	(3.33)	13.35
BTU	2.79	0.08	0.03	0.13	3.11	(3.25)	6.71	(5.56)	18.77
NHPEF	1.91	0.10	(0.01)	(0.06)	2.87	(3.33)	6.43	(6.18)	19.63
FSHYF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NRP	0.82	(0.02)	(0.08)	(0.08)	0.98	(0.97)	1.60	(1.47)	5.12
EXXAF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PBATF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PADEF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MOGLF	2.26	(0.15)	0.00	(0.65)	0.00	0.00	6.90	(9.03)	24.14
HCC	2.10	0.58	0.21	1.96	1.91	(2.33)	4.77	(3.66)	27.43

Alliance Resource Corporate Management

Steven Schnitzer	General VP	Profile
Kirk Tholen	LLC Minerals	Profile
Mark Watson	Senior Technology	Profile
Megan Cordle	Controller VP	Profile
Andrew Woodward	LLC GP	Profile

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