Evolution Petroleum Correlations

EPM Stock

USD 4.05 0.07 1.70%

The current 90-days correlation between Evolution Petroleum and Kolibri Global Energy is 0.52 (i.e., Very weak 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

Very good diversification

The correlation between Evolution Petroleum and DJI is -0.29 (i.e., Very good 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.

Build AI portfolio with Evolution Stock

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 inflation.

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

Moving together with Evolution Stock

0.72

HME

Hemisphere Energy

Pair Corr

Moving against Evolution Stock

0.54	PPERY	Bank Mandiri Persero Normal Trading	Pair Corr
0.51	KKC	KKR Credit Income	Pair Corr
0.49	SOC	Sable Offshore Corp	Pair Corr
0.38	RF1	Regal Investment	Pair Corr
0.35	LONE	Lithium One Metals Split	Pair Corr
0.7	IVVD	Invivyd	Pair Corr
0.64	OMC	Omnicom Group Earnings Call Today	Pair Corr
0.53	BNKHF	BOC Hong Kong	Pair Corr
0.44	FIBK	First Interstate Ban	Pair Corr
0.42	JUPGF	Jupiter Gold	Pair Corr
0.37	GGLDF	Getchell Gold Corp	Pair Corr
0.36	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.35	FCAP	First Capital	Pair Corr

Related Correlations Analysis

	KGEI	INR	ANNA	HUSA	NUAI	GTE	BOOM	AMPY	TYGO	SAFX
KGEI		-0.23	0.72	0.25	0.15	-0.09	-0.39	0.46	-0.04	0.63	KGEI
INR	-0.23		-0.53	-0.84	0.21	0.64	0.62	-0.17	0.47	-0.62	INR
ANNA	0.72	-0.53		0.62	-0.04	-0.3	-0.66	0.64	-0.28	0.88	ANNA
HUSA	0.25	-0.84	0.62		-0.56	-0.78	-0.85	0.35	-0.77	0.75	HUSA
NUAI	0.15	0.21	-0.04	-0.56		0.7	0.62	0.0	0.8	-0.21	NUAI
GTE	-0.09	0.64	-0.3	-0.78	0.7		0.75	0.11	0.83	-0.42	GTE
BOOM	-0.39	0.62	-0.66	-0.85	0.62	0.75		-0.45	0.76	-0.8	BOOM
AMPY	0.46	-0.17	0.64	0.35	0.0	0.11	-0.45		-0.07	0.7	AMPY
TYGO	-0.04	0.47	-0.28	-0.77	0.8	0.83	0.76	-0.07		-0.45	TYGO
SAFX	0.63	-0.62	0.88	0.75	-0.21	-0.42	-0.8	0.7	-0.45		SAFX
	KGEI	INR	ANNA	HUSA	NUAI	GTE	BOOM	AMPY	TYGO	SAFX

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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

SAFX	+ 0.88	ANNA
TYGO	+ 0.83	GTE
TYGO	+ 0.8	NUAI
TYGO	+ 0.76	BOOM
SAFX	+ 0.75	HUSA
BOOM	+ 0.75	GTE

High negative correlations

BOOM	- 0.85	HUSA
HUSA	- 0.84	INR
SAFX	- 0.8	BOOM
GTE	- 0.78	HUSA
TYGO	- 0.77	HUSA
BOOM	- 0.66	ANNA

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
KGEI	2.02	(0.13)	0.00	(0.36)	0.00	0.00	3.91	(4.30)	11.55
INR	2.24	0.58	0.28	0.75	1.64	(2.85)	5.59	(3.09)	19.95
ANNA	3.20	(0.28)	0.00	2.43	0.00	0.00	7.00	(4.88)	20.01
HUSA	4.77	(1.75)	0.00	1.38	0.00	0.00	7.08	(11.54)	44.49
NUAI	8.97	0.43	0.04	0.89	10.31	(10.02)	19.87	(13.15)	56.80
GTE	3.30	0.69	0.12	(3.47)	4.29	(3.60)	6.71	(5.52)	23.69
BOOM	2.69	0.12	0.03	0.17	4.26	(2.78)	6.18	(4.12)	18.62
AMPY	2.77	0.25	0.06	0.62	3.11	(2.92)	6.16	(3.74)	17.71
TYGO	5.64	0.95	0.19	0.60	4.84	(7.73)	18.24	(8.95)	46.00
SAFX	9.16	(1.03)	0.00	1.18	0.00	0.00	19.12	(16.67)	150.95

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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