Expand Energy Correlations

EXE Stock

108.49 0.57 0.53%

The current 90-days correlation between Expand Energy and Ultrapar Participacoes SA is 0.12 (i.e., Average diversification). The correlation of Expand 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.

Expand Energy Correlation With Market

Pay attention - limited upside

The correlation between Expand Energy and DJI is -0.74 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expand Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Expand Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Expand 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 small area income & poverty estimates.

For information on how to trade Expand Stock refer to our How to Trade Expand Stock guide.

Moving together with Expand Stock

0.73	AR	Antero Resources Corp	Pair Corr
0.76	VIVK	Vivakor	Pair Corr
0.63	L5K	Lekoil Limited	Pair Corr
0.64	LGN	Logan Energy Corp	Pair Corr
0.7	KEY	KEY Petroleum Earnings Call Tomorrow	Pair Corr

Moving against Expand Stock

0.65	JP9	Japan Petroleum Expl	Pair Corr
0.61	CDA	Canuc Resources Corp Split	Pair Corr
0.5	DMLP	Dorchester Minerals	Pair Corr
0.48	VG	Venture Global Earnings Call Tomorrow	Pair Corr
0.35	PR	Permian Resources Aggressive Push	Pair Corr
0.31	SD	SandRidge Energy Earnings Call Today	Pair Corr
0.64	SEPL	Seplat Petroleum Dev Earnings Call Tomorrow	Pair Corr
0.64	6BW	BW ENERGY LTD	Pair Corr
0.62	RO1	Caspian Sunrise plc	Pair Corr
0.51	EFXT	Enerflex	Pair Corr
0.46	SDE	Spartan Delta Corp	Pair Corr
0.34	1PZ	Panoro Energy ASA	Pair Corr
0.33	BLOE	Block Energy PLC	Pair Corr
0.72	RG8	Regal Asian Investments	Pair Corr
0.47	PXK	Peyto Exploration Earnings Call This Week	Pair Corr
0.42	OBE	Obsidian Energy	Pair Corr
0.37	PSK	PrairieSky Royalty	Pair Corr

Related Correlations Analysis

	VAL	PBF	VVV	UGP
VAL		0.67	0.92	0.83	VAL
PBF	0.67		0.72	0.72	PBF
VVV	0.92	0.72		0.94	VVV
UGP	0.83	0.72	0.94		UGP
	VAL	PBF	VVV	UGP

Risk-Adjusted Indicators

There is a big difference between Expand Stock performing well and Expand 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 Expand 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
VAL	2.85	0.79	0.26	0.57	2.40	(3.34)	7.22	(6.28)	41.60
PBF	2.63	0.27	0.07	0.78	3.24	(2.84)	6.11	(5.33)	19.71
VVV	1.47	0.23	0.13	0.28	1.39	(1.60)	3.36	(2.86)	10.00
UGP	1.75	0.28	0.11	0.27	2.31	(1.84)	3.25	(2.80)	13.99

Expand Energy Corporate Management

Christopher JD	General VP	Profile
Colby Arnold	Investor Manager	Profile
Chris Ayres	Vice Projects	Profile
Michael Wichterich	Interim Board	Profile
Dan Turco	Executive Commercial	Profile

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