Battalion Oil Correlations

Battalion Oil Correlation With Market

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

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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    PPIH + 0.8 CZWI AINC + 0.6 EPSN AINC + 0.55 CZWI AINC + 0.23 PPIH CZWI + 0.12 EPSN

High negative correlations    AMPY - 0.8 AINC AMPY - 0.6 CZWI AMPY - 0.33 EPSN AMPY - 0.23 PPIH PPIH - 0.13 EPSN

Risk-Adjusted Indicators

There is a big difference between Battalion Stock performing well and Battalion Oil 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 Battalion Oil'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.