Peabody Energy Correlations

Stocks . USA . 
Stock . Peabody Energy Corp
BTU Stock  USD 18.35  0.08  0.44%   
The current 90-days correlation between Peabody Energy Corp and Alliance Resource Partners is -0.03 (i.e., Good diversification). The correlation of Peabody 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.

Peabody Energy Correlation With Market

Modest diversification

The correlation between Peabody Energy Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peabody Energy Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Peabody Energy 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.

Moving together with Peabody Stock

  0.64E Eni SpA ADRPairCorr
  0.8DINO HF Sinclair CorpPairCorr
  0.68EU enCore Energy CorpPairCorr
  0.94VIVK VivakorPairCorr
  0.66DWSN Dawson GeophysicalPairCorr
  0.75VNOM Viper Energy UtPairCorr
  0.62ENLC EnLink Midstream LLC Sell-off TrendPairCorr

Moving against Peabody Stock

  0.83DLNG Dynagas LNG PartnersPairCorr
  0.76AR Antero Resources CorpPairCorr
  0.76ET Energy Transfer LPPairCorr
  0.64EE Excelerate EnergyPairCorr
  0.59AE Adams Resources EnergyPairCorr
  0.59EC Ecopetrol SA ADR Buyout TrendPairCorr
  0.58EP Empire Petroleum CorpPairCorr
  0.57BP BP PLC ADR Earnings Call This WeekPairCorr
  0.54TS Tenaris SA ADRPairCorr
  0.4AM Antero Midstream PartnersPairCorr
  0.36NRP Natural Resource PartnersPairCorr
  0.31DK Delek EnergyPairCorr
  0.8BKV BKV CorporationPairCorr
  0.76VIST Vista Oil GasPairCorr
  0.76EFXT EnerflexPairCorr
  0.65EPSN Epsilon EnergyPairCorr
  0.52VTLE Vital EnergyPairCorr
  0.41EQNR Equinor ASA ADR Earnings Call This WeekPairCorr

Related Correlations Analysis

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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   
NC
+ 0.7
ARLP
NRP
+ 0.59
ARLP
HNRG
+ 0.58
NRP
HNRG
+ 0.57
ARLP
NC
+ 0.48
NRP
CEIX
+ 0.42
HNRG
  
High negative correlations   
ADOOY
- 0.4
CEIX
ITAYY
- 0.38
CEIX
ITAYY
- 0.3
NC
ADOOY
- 0.27
HNRG
ADOOY
- 0.23
NC
ADOOY
- 0.15
ARLP

Risk-Adjusted Indicators

There is a big difference between Peabody Stock performing well and Peabody 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 Peabody 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.

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