Gulfport Energy Correlations

GPOR Stock

USD 195.42 2.03 1.05%

The current 90-days correlation between Gulfport Energy Operating and SilverBow Resources is -0.17 (i.e., Good diversification). The correlation of Gulfport 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Gulfport Energy Correlation With Market

Significant diversification

The correlation between Gulfport Energy Operating and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gulfport Energy Operating and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gulfport Energy Operating. 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.

Moving together with Gulfport Stock

0.94	AR	Antero Resources Corp Sell-off Trend	Pair Corr
0.78	EP	Empire Petroleum Corp	Pair Corr
0.71	PR	Permian Resources	Pair Corr
0.79	DMLP	Dorchester Minerals	Pair Corr
0.81	VIST	Vista Oil Gas	Pair Corr
0.86	VTLE	Vital Energy	Pair Corr
0.97	BKV	BKV Corporation	Pair Corr
0.93	CRK	Comstock Resources	Pair Corr
0.95	DEC	Diversified Energy	Pair Corr
0.97	EQT	EQT Corporation	Pair Corr
0.97	EXE	Expand Energy Symbol Change	Pair Corr
0.68	GTE	Gran Tierra Energy	Pair Corr
0.66	HPK	Highpeak Energy Acqu	Pair Corr

Moving against Gulfport Stock

0.77	BRN	Barnwell Industries	Pair Corr
0.66	EONR	EON Resources Symbol Change	Pair Corr
0.63	CNQ	Canadian Natural Res	Pair Corr
0.62	BRY	Berry Petroleum Corp	Pair Corr
0.53	ROCLU	Roth CH Acquisition	Pair Corr
0.53	DVN	Devon Energy	Pair Corr
0.5	BTE	Baytex Energy Corp	Pair Corr
0.38	FANG	Diamondback Energy	Pair Corr
0.72	EGY	Vaalco Energy	Pair Corr
0.58	PED	PEDEVCO Corp	Pair Corr
0.38	KOS	Kosmos Energy	Pair Corr
0.34	REI	Ring Energy	Pair Corr

Related Correlations Analysis

	EPSN	GRNT	SBOW	NRT	CNX	DEN	GPRK	EPM	PHX	CRC
EPSN		0.45	-0.35	0.39	-0.65	-0.46	0.41	-0.01	0.51	-0.25	EPSN
GRNT	0.45		-0.16	0.01	-0.14	-0.12	0.52	0.66	0.37	0.49	GRNT
SBOW	-0.35	-0.16		-0.45	0.41	0.04	-0.11	-0.02	-0.12	0.16	SBOW
NRT	0.39	0.01	-0.45		-0.56	0.15	-0.26	-0.21	-0.23	-0.34	NRT
CNX	-0.65	-0.14	0.41	-0.56		0.5	-0.27	0.45	-0.24	0.64	CNX
DEN	-0.46	-0.12	0.04	0.15	0.5		-0.55	0.37	-0.62	0.43	DEN
GPRK	0.41	0.52	-0.11	-0.26	-0.27	-0.55		0.24	0.8	0.08	GPRK
EPM	-0.01	0.66	-0.02	-0.21	0.45	0.37	0.24		0.07	0.87	EPM
PHX	0.51	0.37	-0.12	-0.23	-0.24	-0.62	0.8	0.07		-0.15	PHX
CRC	-0.25	0.49	0.16	-0.34	0.64	0.43	0.08	0.87	-0.15		CRC
	EPSN	GRNT	SBOW	NRT	CNX	DEN	GPRK	EPM	PHX	CRC

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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

CRC	+ 0.87	EPM
PHX	+ 0.8	GPRK
EPM	+ 0.66	GRNT
CRC	+ 0.64	CNX
GPRK	+ 0.52	GRNT
PHX	+ 0.51	EPSN

High negative correlations

CNX	- 0.65	EPSN
PHX	- 0.62	DEN
CNX	- 0.56	NRT
GPRK	- 0.55	DEN
DEN	- 0.46	EPSN
NRT	- 0.45	SBOW

Risk-Adjusted Indicators

There is a big difference between Gulfport Stock performing well and Gulfport 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 Gulfport 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
EPSN	1.87	0.13	0.06	(2.72)	2.20	(2.01)	3.75	(3.69)	9.75
GRNT	1.63	0.21	0.10	0.48	1.85	(1.79)	3.34	(3.53)	14.83
SBOW	1.58	0.23	0.11	(0.47)	1.86	(1.98)	3.59	(2.41)	15.61
NRT	2.14	(0.02)	0.00	(0.11)	0.00	0.00	5.32	(4.33)	19.01
CNX	1.88	(0.23)	0.00	(0.67)	0.00	0.00	3.77	(3.97)	16.17
DEN	1.32	(0.12)	0.00	(0.41)	0.00	0.00	2.47	(3.21)	9.48
GPRK	2.68	0.43	0.15	1.94	2.65	(2.95)	7.32	(4.11)	15.41
EPM	1.35	0.02	0.01	0.06	1.95	(1.34)	3.21	(3.20)	9.77
PHX	1.56	0.23	0.12	0.74	1.65	(1.89)	4.55	(2.62)	13.02
CRC	1.55	0.03	0.02	0.16	1.89	(1.64)	4.05	(3.15)	10.08

Gulfport Energy Corporate Executives

Elected by the shareholders, the Gulfport Energy's board of directors comprises two types of representatives: Gulfport Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gulfport. The board's role is to monitor Gulfport Energy's management team and ensure that shareholders' interests are well served. Gulfport Energy'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, Gulfport Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Michael CPA	Executive CFO	Profile
	William Buese	Chief Financial Officer	Profile

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