Energy Transfer Correlations

Energy Transfer Correlation With Market

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

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 EPD + 0.86 MPLX SLB + 0.83 E OKE + 0.82 EPD OKE + 0.82 TRP E + 0.81 EPD TRP + 0.79 EPD

High negative correlations LNG - 0.8 SLB LNG - 0.68 E LNG - 0.66 EPD LNG - 0.62 MPLX LNG - 0.58 OKE LNG - 0.55 TRP

Risk-Adjusted Indicators

There is a big difference between Energy Stock performing well and Energy Transfer 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 Energy Transfer'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.