Brooge Energy Correlations
| BROGWDelisted Stock | USD 0.0007 0.0001 16.67% |
The current 90-days correlation between Brooge Energy Limited and Brooge Holdings is -0.13 (i.e., Good diversification). The correlation of Brooge 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Brooge Energy Correlation With Market
Significant diversification
The correlation between Brooge Energy Limited and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brooge Energy Limited and DJI in the same portfolio, assuming nothing else is changed.
Brooge |
Moving together with Brooge Stock
Moving against Brooge Stock
| 0.57 | EE | Excelerate Energy | PairCorr |
| 0.57 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.56 | CQP | Cheniere Energy Partners | PairCorr |
| 0.52 | DTM | DT Midstream | PairCorr |
| 0.52 | EPD | Enterprise Products Sell-off Trend | PairCorr |
| 0.48 | DLNG | Dynagas LNG Partners | PairCorr |
| 0.4 | ENB | Enbridge | PairCorr |
| 0.32 | IMPPP | Imperial Petroleum | PairCorr |
| 0.55 | GLOP-PC | GasLog Partners LP | PairCorr |
| 0.54 | LNG | Cheniere Energy | PairCorr |
| 0.5 | KMI | Kinder Morgan Aggressive Push | PairCorr |
| 0.47 | NGL | NGL Energy Partners | PairCorr |
| 0.45 | PAA | Plains All American | PairCorr |
| 0.43 | GLOP-PB | GasLog Partners LP | PairCorr |
| 0.37 | SMC | Summit Midstream Symbol Change | PairCorr |
| 0.6 | GLP-PB | Global Partners LP | PairCorr |
| 0.55 | HMLPF | Hoegh LNG Partners | PairCorr |
| 0.53 | MPLX | MPLX LP | PairCorr |
| 0.52 | GLNG | Golar LNG Limited | PairCorr |
Related Correlations Analysis
| 0.59 | -0.02 | 0.03 | 0.43 | ADILW | ||
| 0.59 | 0.1 | -0.29 | 0.47 | BROG | ||
| -0.02 | 0.1 | 0.24 | -0.24 | CREXW | ||
| 0.03 | -0.29 | 0.24 | -0.01 | THWWW | ||
| 0.43 | 0.47 | -0.24 | -0.01 | ARTLW | ||
| 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 Brooge Stock performing well and Brooge 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 Brooge 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADILW | 25.83 | 3.89 | 0.11 | (1.85) | 25.95 | 95.66 | 199.49 | |||
| BROG | 5.68 | (0.13) | 0.00 | 0.24 | 0.00 | 11.88 | 32.39 | |||
| CREXW | 47.98 | 14.88 | 0.42 | 3.10 | 27.98 | 235.85 | 370.19 | |||
| THWWW | 6.01 | 0.12 | 0.02 | 0.03 | 6.18 | 15.26 | 65.09 | |||
| ARTLW | 23.23 | 2.73 | 0.09 | (1.10) | 23.45 | 68.38 | 147.53 |
Brooge Energy Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Brooge Energy stock to make a market-neutral strategy. Peer analysis of Brooge Energy could also be used in its relative valuation, which is a method of valuing Brooge Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Brooge Energy Corporate Management
| Lina Saheb | Chief Officer | Profile | |
| Nicolaas Paardenkooper | CEO Director | Profile | |
| Faisal Selim | Chief Officer | Profile | |
| Paul Ditchburn | Chief Officer | Profile | |
| Syed Ali | Acting Officer | Profile |
Still Interested in Brooge Energy Limited?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.