Ferrellgas Partners Correlations

FGPR Stock

USD 21.15 0.15 0.71%

The current 90-days correlation between Ferrellgas Partners and Tidewater Midstream and is -0.08 (i.e., Good diversification). The correlation of Ferrellgas Partners 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Ferrellgas Partners Correlation With Market

Poor diversification

The correlation between Ferrellgas Partners LP and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ferrellgas Partners LP and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ferrellgas Partners could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ferrellgas Partners when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ferrellgas Partners - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ferrellgas Partners LP to buy it.

Moving together with Ferrellgas Pink Sheet

0.76	VLO	Valero Energy	Pair Corr
0.76	NTOIF	Neste Oyj	Pair Corr
0.8	NTOIY	Neste Oyj	Pair Corr
0.76	SUN	Sunoco LP	Pair Corr
0.88	JXHGF	ENEOS Holdings	Pair Corr
0.89	JXHLY	Eneos Holdings ADR	Pair Corr
0.66	BLE	BlackRock MIT II	Pair Corr
0.9	TDY	Teledyne Technologies	Pair Corr
0.82	USAS	Americas Silver Corp	Pair Corr
0.66	AGLXY	AGL Energy	Pair Corr
0.86	TWMIF	Tidewater Midstream and	Pair Corr
0.81	SOJE	Southern Company	Pair Corr
0.85	CMI	Cummins	Pair Corr
0.89	BCO	Brinks Company Earnings Call Tomorrow	Pair Corr
0.88	UAA	Under Armour A	Pair Corr
0.83	SMGZY	Smiths Group Plc	Pair Corr
0.85	CING	Cingulate	Pair Corr
0.82	SNLAY	Sino Land Earnings Call This Week	Pair Corr
0.81	NINTF	Ninety One Group	Pair Corr
0.79	CIADY	China Mengniu Dairy	Pair Corr
0.91	WLK	Westlake Chemical Buyout Trend	Pair Corr
0.74	BKCYF	Bank Of Cyprus Holdings P Normal Trading	Pair Corr

Moving against Ferrellgas Pink Sheet

0.75	PBCRF	PT Bank Central	Pair Corr
0.33	CMWCF	Cromwell Property Earnings Call Tomorrow	Pair Corr
0.55	CDIO	Cardio Diagnostics Trending	Pair Corr
0.52	AFIIQ	Armstrong Flooring	Pair Corr

Related Correlations Analysis

	TWMIF	ZPHRF	BNEFF	CRNCY	BKRP	SEGYY	ROXIF	CNPRF	STGSF	QCLSF
TWMIF		0.77	0.86	0.84	0.0	-0.89	0.71	0.49	0.0	0.0	TWMIF
ZPHRF	0.77		0.6	0.66	0.0	-0.81	0.58	0.36	0.0	0.0	ZPHRF
BNEFF	0.86	0.6		0.78	0.0	-0.85	0.68	0.55	0.0	0.0	BNEFF
CRNCY	0.84	0.66	0.78		0.0	-0.72	0.86	0.24	0.0	0.0	CRNCY
BKRP	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	1.0	BKRP
SEGYY	-0.89	-0.81	-0.85	-0.72	0.0		-0.56	-0.61	0.0	0.0	SEGYY
ROXIF	0.71	0.58	0.68	0.86	0.0	-0.56		0.09	0.0	0.0	ROXIF
CNPRF	0.49	0.36	0.55	0.24	0.0	-0.61	0.09		0.0	0.0	CNPRF
STGSF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	STGSF
QCLSF	0.0	0.0	0.0	0.0	1.0	0.0	0.0	0.0	0.0		QCLSF
	TWMIF	ZPHRF	BNEFF	CRNCY	BKRP	SEGYY	ROXIF	CNPRF	STGSF	QCLSF

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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

QCLSF	+ 1.0	BKRP
BNEFF	+ 0.86	TWMIF
ROXIF	+ 0.86	CRNCY
CRNCY	+ 0.84	TWMIF
CRNCY	+ 0.78	BNEFF
ZPHRF	+ 0.77	TWMIF

High negative correlations

SEGYY	- 0.89	TWMIF
SEGYY	- 0.85	BNEFF
SEGYY	- 0.81	ZPHRF
SEGYY	- 0.72	CRNCY
CNPRF	- 0.61	SEGYY
ROXIF	- 0.56	SEGYY

Risk-Adjusted Indicators

There is a big difference between Ferrellgas Pink Sheet performing well and Ferrellgas Partners 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 Ferrellgas Partners' 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
TWMIF	1.72	0.43	0.17	1.32	1.68	(2.06)	4.62	(2.93)	10.60
ZPHRF	1.45	0.13	0.00	(0.75)	0.00	0.00	0.00	0.00	35.35
BNEFF	1.96	0.49	0.19	1.31	1.96	(2.27)	4.32	(3.09)	10.44
CRNCY	1.47	0.50	0.00	0.92	0.00	0.00	6.02	0.00	19.94
BKRP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SEGYY	1.72	(0.91)	0.00	(7.47)	0.00	0.00	0.00	0.00	32.86
ROXIF	1,042	565.13	0.00	(1.32)	0.00	0.00	0.00	0.00	34,900
CNPRF	2.32	0.35	0.05	(0.56)	2.52	(3.96)	6.09	(4.93)	19.33
STGSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
QCLSF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ferrellgas Partners without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Ferrellgas Partners Corporate Management

Kelly Wilkins	Sr Logistics	Profile
Cathy Brown	VP Inc	Profile
Tamria Zertuche	Chief Officer	Profile
Scott Brockelmeyer	VP Inc	Profile
James Ferrell	CEO Chairman	Profile
Thomas Buren	Ex Inc	Profile
Brent Banwart	VP HR	Profile

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