Greenfire Resources Correlations
| GFR Stock | 6.90 0.13 1.85% |
The current 90-days correlation between Greenfire Resources and BJs Restaurants is 0.09 (i.e., Significant diversification). The correlation of Greenfire Resources 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.
Greenfire Resources Correlation With Market
Modest diversification
The correlation between Greenfire Resources and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Greenfire Resources and DJI in the same portfolio, assuming nothing else is changed.
Greenfire |
Moving together with Greenfire Stock
| 0.68 | SM | SM Energy | PairCorr |
| 0.65 | EONR | EON Resources Symbol Change | PairCorr |
| 0.77 | FANG | Diamondback Energy | PairCorr |
| 0.61 | BRN | Barnwell Industries | PairCorr |
| 0.82 | BTE | Baytex Energy Corp | PairCorr |
| 0.73 | CNQ | Canadian Natural Res | PairCorr |
| 0.64 | COP | ConocoPhillips | PairCorr |
| 0.74 | DVN | Devon Energy | PairCorr |
| 0.68 | KOS | Kosmos Energy | PairCorr |
| 0.74 | MUR | Murphy Oil Earnings Call This Week | PairCorr |
Moving against Greenfire Stock
| 0.38 | BKV | BKV Corporation | PairCorr |
| 0.37 | VIST | Vista Oil Gas | PairCorr |
| 0.35 | DEC | Diversified Energy | PairCorr |
| 0.39 | PHX | PHX Minerals | PairCorr |
Related Correlations Analysis
| 0.18 | 0.27 | 0.21 | -0.06 | 0.03 | ZIJMF | ||
| 0.18 | 0.61 | 0.64 | 0.46 | 0.53 | UEC | ||
| 0.27 | 0.61 | 0.23 | 0.22 | 0.07 | FOSYF | ||
| 0.21 | 0.64 | 0.23 | 0.45 | 0.52 | RAVE | ||
| -0.06 | 0.46 | 0.22 | 0.45 | 0.3 | BJRI | ||
| 0.03 | 0.53 | 0.07 | 0.52 | 0.3 | IIIN | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Greenfire Stock performing well and Greenfire Resources 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 Greenfire Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ZIJMF | 2.12 | (0.16) | 0.00 | (0.29) | 0.00 | 8.06 | 16.52 | |||
| UEC | 2.86 | 0.01 | 0.00 | 0.03 | 3.09 | 5.98 | 18.47 | |||
| FOSYF | 3.38 | (0.10) | 0.00 | 0.32 | 0.00 | 8.51 | 26.48 | |||
| RAVE | 2.60 | 0.17 | 0.06 | 0.28 | 2.91 | 6.91 | 17.26 | |||
| BJRI | 1.89 | 0.02 | 0.01 | 0.04 | 2.60 | 3.99 | 13.05 | |||
| IIIN | 1.52 | (0.20) | 0.00 | (0.73) | 0.00 | 3.46 | 11.82 |
Greenfire Resources Corporate Management
| Jonathan PEng | Chief Officer | Profile | |
| Anton CA | Chief Officer | Profile | |
| Charles Esq | Corporate Secretary | Profile | |
| Jonathan Kanderka | Chief Officer | Profile | |
| PEng MBA | Senior Development | Profile | |
| Albert PEng | Senior Engineering | Profile |