Core Natural Correlations

CNR Stock

USD 89.89 1.38 1.56%

The current 90-days correlation between Core Natural Resources and Warrior Met Coal is 0.75 (i.e., Poor diversification). The correlation of Core Natural 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.

Core Natural Correlation With Market

Modest diversification

The correlation between Core Natural Resources and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Natural Resources and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Core Stock

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

Moving together with Core Stock

0.62

LII

Lennox International

Pair Corr

Moving against Core Stock

0.4	002162	Everjoy Health Group	Pair Corr
0.37	MSAI	Infrared Cameras Holdings	Pair Corr
0.33	600202	Harbin Air Conditioning	Pair Corr
0.76	PBCRY	Bank Central Asia	Pair Corr
0.67	PBCRF	PT Bank Central	Pair Corr
0.59	TLK	Telkom Indonesia Tbk	Pair Corr
0.55	FLIDY	FLSmidth Co AS	Pair Corr
0.47	BKRKY	Bank Rakyat	Pair Corr
0.44	PPERY	Bank Mandiri Persero	Pair Corr
0.43	KBDC	Kayne Anderson BDC	Pair Corr
0.41	002205	XinJiang GuoTong Pipeline	Pair Corr
0.38	PTBRY	Bank Negara Indonesia	Pair Corr
0.35	BKRKF	PT Bank Rakyat	Pair Corr

Related Correlations Analysis

	HCC	BTU	ARLP	MGY	UGP	VVV	VAL	PBF	MUR	AROC
HCC		-0.04	-0.26	-0.48	0.3	-0.87	0.16	-0.05	0.72	-0.44	HCC
BTU	-0.04		0.24	-0.05	-0.26	0.28	-0.49	-0.41	-0.2	0.45	BTU
ARLP	-0.26	0.24		0.43	0.35	0.43	0.07	0.31	-0.18	0.01	ARLP
MGY	-0.48	-0.05	0.43		0.15	0.53	0.23	0.15	0.08	0.1	MGY
UGP	0.3	-0.26	0.35	0.15		-0.24	0.56	0.69	0.2	-0.6	UGP
VVV	-0.87	0.28	0.43	0.53	-0.24		-0.35	-0.1	-0.65	0.55	VVV
VAL	0.16	-0.49	0.07	0.23	0.56	-0.35		0.75	0.32	-0.64	VAL
PBF	-0.05	-0.41	0.31	0.15	0.69	-0.1	0.75		-0.14	-0.64	PBF
MUR	0.72	-0.2	-0.18	0.08	0.2	-0.65	0.32	-0.14		-0.34	MUR
AROC	-0.44	0.45	0.01	0.1	-0.6	0.55	-0.64	-0.64	-0.34		AROC
	HCC	BTU	ARLP	MGY	UGP	VVV	VAL	PBF	MUR	AROC

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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

PBF	+ 0.75	VAL
MUR	+ 0.72	HCC
PBF	+ 0.69	UGP
VAL	+ 0.56	UGP
AROC	+ 0.55	VVV
VVV	+ 0.53	MGY

High negative correlations

VVV	- 0.87	HCC
MUR	- 0.65	VVV
AROC	- 0.64	PBF
AROC	- 0.64	VAL
AROC	- 0.6	UGP
VAL	- 0.49	BTU

Risk-Adjusted Indicators

There is a big difference between Core Stock performing well and Core Natural 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 Core Natural'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
HCC	2.10	0.50	0.21	0.51	1.87	(2.39)	4.77	(3.66)	27.43
BTU	2.85	0.15	0.05	0.16	3.07	(3.36)	6.71	(5.56)	18.77
ARLP	0.98	(0.10)	0.00	(0.16)	0.00	0.00	1.96	(2.49)	7.01
MGY	1.32	(0.17)	0.00	(0.18)	0.00	0.00	2.59	(2.96)	6.80
UGP	1.88	(0.10)	0.00	(0.03)	0.00	0.00	3.92	(3.31)	13.99
VVV	1.36	(0.37)	0.00	(0.25)	0.00	0.00	3.27	(2.97)	10.22
VAL	2.11	(0.01)	0.01	0.04	2.81	(2.25)	5.02	(3.97)	20.91
PBF	2.49	(0.17)	0.00	(0.17)	0.00	0.00	5.06	(4.92)	26.68
MUR	2.00	0.10	0.04	0.13	2.41	(2.23)	4.80	(3.14)	13.82
AROC	1.33	(0.05)	0.00	(0.01)	0.00	0.00	2.43	(2.98)	8.36

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