Evolution Petroleum Correlations

EPM Stock

USD 5.47 0.03 0.55%

The current 90-days correlation between Evolution Petroleum and PHX Minerals is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evolution Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolution Petroleum moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Evolution Petroleum Correlation With Market

Average diversification

The correlation between Evolution Petroleum and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolution Petroleum and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evolution Petroleum. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

To learn how to invest in Evolution Stock, please use our How to Invest in Evolution Petroleum guide.

Moving together with Evolution Stock

0.89	PR	Permian Resources	Pair Corr
0.61	SD	SandRidge Energy	Pair Corr
0.73	SM	SM Energy	Pair Corr
0.65	VTLE	Vital Energy	Pair Corr
0.86	BSM	Black Stone Minerals	Pair Corr
0.65	COP	ConocoPhillips Earnings Call This Week	Pair Corr
0.8	CRC	California Resources Corp	Pair Corr
0.88	EOG	EOG Resources Sell-off Trend	Pair Corr
0.89	HES	Hess	Pair Corr
0.81	MGY	Magnolia Oil Gas	Pair Corr

Moving against Evolution Stock

0.4

CKX

CKX Lands

Pair Corr

Related Correlations Analysis

	GPRK	GRNT	PHX	CRC	REI	WTI	GTE	ESTE	SBOW	VTLE
GPRK		0.44	0.76	-0.03	-0.27	-0.53	0.65	0.17	0.25	0.59	GPRK
GRNT	0.44		0.36	0.39	0.35	-0.03	0.51	0.34	0.21	0.89	GRNT
PHX	0.76	0.36		-0.29	-0.49	-0.72	0.54	0.44	0.11	0.6	PHX
CRC	-0.03	0.39	-0.29		0.68	0.47	-0.19	-0.45	0.27	0.27	CRC
REI	-0.27	0.35	-0.49	0.68		0.87	-0.12	-0.21	0.04	0.15	REI
WTI	-0.53	-0.03	-0.72	0.47	0.87		-0.28	-0.27	-0.06	-0.24	WTI
GTE	0.65	0.51	0.54	-0.19	-0.12	-0.28		0.26	0.41	0.46	GTE
ESTE	0.17	0.34	0.44	-0.45	-0.21	-0.27	0.26		-0.32	0.48	ESTE
SBOW	0.25	0.21	0.11	0.27	0.04	-0.06	0.41	-0.32		0.07	SBOW
VTLE	0.59	0.89	0.6	0.27	0.15	-0.24	0.46	0.48	0.07		VTLE
	GPRK	GRNT	PHX	CRC	REI	WTI	GTE	ESTE	SBOW	VTLE

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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

VTLE	+ 0.89	GRNT
WTI	+ 0.87	REI
PHX	+ 0.76	GPRK
REI	+ 0.68	CRC
GTE	+ 0.65	GPRK
VTLE	+ 0.6	PHX

High negative correlations

WTI	- 0.72	PHX
WTI	- 0.53	GPRK
REI	- 0.49	PHX
ESTE	- 0.45	CRC
SBOW	- 0.32	ESTE
CRC	- 0.29	PHX

Risk-Adjusted Indicators

There is a big difference between Evolution Stock performing well and Evolution Petroleum 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 Evolution Petroleum'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
GPRK	2.74	0.30	0.07	24.50	2.84	(2.96)	7.32	(4.27)	15.41
GRNT	1.58	0.12	0.03	1.54	1.91	(1.76)	3.34	(3.53)	14.83
PHX	1.54	0.15	0.05	1.17	1.71	(1.81)	3.98	(2.62)	13.02
CRC	1.39	(0.05)	0.00	(0.11)	0.00	0.00	3.63	(3.11)	9.38
REI	2.27	(0.10)	0.00	(0.26)	0.00	0.00	4.92	(4.32)	18.99
WTI	2.63	(0.33)	0.00	(0.98)	0.00	0.00	5.11	(6.37)	20.24
GTE	2.62	(0.09)	0.00	10.89	0.00	0.00	5.83	(5.42)	19.49
ESTE	2.25	0.15	0.03	2.43	2.66	(2.41)	4.37	(4.80)	10.76
SBOW	1.58	0.25	0.08	(1.10)	1.86	(1.98)	3.59	(2.41)	15.61
VTLE	1.97	0.30	0.10	0.88	2.20	(2.18)	4.42	(4.48)	13.50

Evolution Petroleum Corporate Executives

Elected by the shareholders, the Evolution Petroleum's board of directors comprises two types of representatives: Evolution Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Evolution. The board's role is to monitor Evolution Petroleum's management team and ensure that shareholders' interests are well served. Evolution Petroleum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Evolution Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.

Ryan Stash

Chief Financial Officer

Profile

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