CVR Energy Correlations

CVI Stock

USD 18.74 0.04 0.21%

The current 90-days correlation between CVR Energy and Delek Logistics Partners is 0.04 (i.e., Significant diversification). The correlation of CVR 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.

CVR Energy Correlation With Market

Weak diversification

The correlation between CVR Energy and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVR Energy 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 CVR Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more detail on how to invest in CVR Stock please use our How to Invest in CVR Energy guide.

Moving together with CVR Stock

0.85	DINO	HF Sinclair Corp	Pair Corr
0.73	MPC	Marathon Petroleum Corp Sell-off Trend	Pair Corr
0.85	PBF	PBF Energy	Pair Corr
0.75	PSX	Phillips 66 Sell-off Trend	Pair Corr
0.67	PARR	Par Pacific Holdings	Pair Corr
0.65	CSAN	Cosan SA ADR Downward Rally	Pair Corr
0.69	E	Eni SpA ADR	Pair Corr
0.84	BP	BP PLC ADR	Pair Corr
0.71	EC	Ecopetrol SA ADR	Pair Corr

Moving against CVR Stock

0.71	BDCO	Blue Dolphin Energy	Pair Corr
0.66	REPYY	Repsol SA	Pair Corr
0.58	EE	Excelerate Energy	Pair Corr
0.55	MITSY	Mitsui Company	Pair Corr
0.53	AE	Adams Resources Energy	Pair Corr
0.51	AMTX	Aemetis	Pair Corr
0.65	TS	Tenaris SA ADR Sell-off Trend	Pair Corr
0.65	ENLC	EnLink Midstream LLC	Pair Corr
0.63	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.58	EFXT	Enerflex	Pair Corr
0.58	IMPPP	Imperial Petroleum	Pair Corr
0.57	DMLP	Dorchester Minerals	Pair Corr
0.5	VNOM	Viper Energy Ut	Pair Corr
0.45	EP	Empire Petroleum Corp	Pair Corr
0.37	DLNG	Dynagas LNG Partners Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	DKL	PBF	DINO	PARR	DK	VLO	MPC	CAPL	SUN
DKL		0.16	0.4	0.17	0.52	0.06	0.43	-0.03	0.34	DKL
PBF	0.16		0.86	0.77	0.7	0.7	0.81	-0.2	0.42	PBF
DINO	0.4	0.86		0.89	0.87	0.64	0.94	-0.35	0.5	DINO
PARR	0.17	0.77	0.89		0.81	0.63	0.88	-0.6	0.41	PARR
DK	0.52	0.7	0.87	0.81		0.72	0.92	-0.45	0.6	DK
VLO	0.06	0.7	0.64	0.63	0.72		0.77	-0.31	0.62	VLO
MPC	0.43	0.81	0.94	0.88	0.92	0.77		-0.46	0.57	MPC
CAPL	-0.03	-0.2	-0.35	-0.6	-0.45	-0.31	-0.46		-0.17	CAPL
SUN	0.34	0.42	0.5	0.41	0.6	0.62	0.57	-0.17		SUN
	DKL	PBF	DINO	PARR	DK	VLO	MPC	CAPL	SUN

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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

MPC	+ 0.94	DINO
MPC	+ 0.92	DK
PARR	+ 0.89	DINO
MPC	+ 0.88	PARR
DK	+ 0.87	DINO
DINO	+ 0.86	PBF

High negative correlations

CAPL	- 0.6	PARR
CAPL	- 0.46	MPC
CAPL	- 0.45	DK
CAPL	- 0.35	DINO
CAPL	- 0.31	VLO
CAPL	- 0.2	PBF

Risk-Adjusted Indicators

There is a big difference between CVR Stock performing well and CVR 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 CVR 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
DKL	1.06	0.13	0.00	(0.24)	2.29	(1.02)	2.84	(1.44)	16.59
PBF	1.93	(0.19)	0.00	(0.06)	0.00	0.00	3.52	(3.76)	15.94
DINO	1.57	(0.25)	0.00	(0.10)	0.00	0.00	3.44	(4.35)	11.77
PARR	2.42	(0.47)	0.00	(0.19)	0.00	0.00	3.34	(5.60)	14.28
DK	2.02	(0.25)	0.00	(0.11)	0.00	0.00	3.53	(3.90)	16.10
VLO	1.47	(0.06)	(0.03)	0.02	2.05	(1.42)	2.87	(3.31)	11.46
MPC	1.37	(0.15)	0.00	(0.11)	0.00	0.00	3.19	(3.01)	13.39
CAPL	1.12	0.01	(0.03)	0.11	1.21	(1.29)	3.11	(2.23)	6.78
SUN	1.05	0.00	(0.03)	0.08	1.08	(1.25)	2.68	(1.93)	5.70

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