Houston American Correlations

HUSA Stock

USD 1.75 0.09 4.89%

The current 90-days correlation between Houston American Energy and Indonesia Energy is 0.55 (i.e., Very weak diversification). The correlation of Houston American 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.

Houston American Correlation With Market

Average diversification

The correlation between Houston American Energy and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Houston American Energy 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 Houston American 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 state.

Moving together with Houston Stock

0.62	AR	Antero Resources Corp	Pair Corr
0.7	SD	SandRidge Energy	Pair Corr
0.63	VTLE	Vital Energy	Pair Corr
0.65	EPSN	Epsilon Energy	Pair Corr
0.61	EOG	EOG Resources	Pair Corr
0.67	MNR	Mach Natural Resources	Pair Corr
0.67	MXC	Mexco Energy	Pair Corr

Moving against Houston Stock

0.55	CNX	CNX Resources Corp Earnings Call Today	Pair Corr
0.44	CKX	CKX Lands	Pair Corr

Related Correlations Analysis

	INDO	IMPP	ENSV	NINE	CEI
INDO		0.83	0.43	-0.31	0.48	INDO
IMPP	0.83		0.37	-0.21	0.53	IMPP
ENSV	0.43	0.37		-0.64	0.2	ENSV
NINE	-0.31	-0.21	-0.64		-0.12	NINE
CEI	0.48	0.53	0.2	-0.12		CEI
	INDO	IMPP	ENSV	NINE	CEI

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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

IMPP	+ 0.83	INDO
CEI	+ 0.53	IMPP
CEI	+ 0.48	INDO
ENSV	+ 0.43	INDO
ENSV	+ 0.37	IMPP
CEI	+ 0.2	ENSV

High negative correlations

NINE	- 0.64	ENSV
NINE	- 0.31	INDO
NINE	- 0.21	IMPP
CEI	- 0.12	NINE

Risk-Adjusted Indicators

There is a big difference between Houston Stock performing well and Houston American 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 Houston American'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
INDO	4.40	(0.24)	0.00	(0.21)	0.00	0.00	10.92	(9.64)	26.79
IMPP	1.58	(0.34)	0.00	0.72	0.00	0.00	3.13	(3.57)	18.03
ENSV	5.50	(1.28)	0.00	0.65	0.00	0.00	9.09	(8.33)	69.74
NINE	6.30	0.76	0.12	0.49	5.55	(9.46)	16.26	(10.34)	43.06
CEI	3.57	(0.56)	0.00	2.86	0.00	0.00	6.82	(7.57)	26.24

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