Marathon Petroleum Correlations

MPC Stock

USD 149.96 1.43 0.94%

The current 90-days correlation between Marathon Petroleum Corp and Phillips 66 is 0.84 (i.e., Very poor diversification). The correlation of Marathon Petroleum 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.

Marathon Petroleum Correlation With Market

Modest diversification

The correlation between Marathon Petroleum Corp and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marathon Petroleum Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Marathon Petroleum Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Marathon Stock

0.86	DINO	HF Sinclair Corp	Pair Corr
0.65	IEP	Icahn Enterprises	Pair Corr
0.96	PBF	PBF Energy	Pair Corr
0.9	PSX	Phillips 66	Pair Corr
0.76	SGU	Star Gas Partners Earnings Call This Week	Pair Corr
0.96	VLO	Valero Energy	Pair Corr
0.64	PARR	Par Pacific Holdings	Pair Corr
0.73	E	Eni SpA ADR	Pair Corr
0.75	HP	Helmerich and Payne	Pair Corr
0.82	NE	Noble plc	Pair Corr
0.84	SM	SM Energy	Pair Corr
0.89	SU	Suncor Energy	Pair Corr

Moving against Marathon Stock

0.6	PTLE	PTL LTD Ordinary	Pair Corr
0.45	CAPL	Crossamerica Partners	Pair Corr
0.47	EP	Empire Petroleum Corp	Pair Corr
0.39	DLNG	Dynagas LNG Partners	Pair Corr

Related Correlations Analysis

	PSX	DINO	PBF	SUN	VLO	DK	CVI	DKL
PSX		0.92	0.9	0.55	0.81	0.4	0.12	-0.4	PSX
DINO	0.92		0.82	0.25	0.74	0.25	-0.09	-0.59	DINO
PBF	0.9	0.82		0.66	0.95	0.48	0.4	-0.1	PBF
SUN	0.55	0.25	0.66		0.66	0.15	0.54	0.37	SUN
VLO	0.81	0.74	0.95	0.66		0.45	0.47	0.05	VLO
DK	0.4	0.25	0.48	0.15	0.45		0.68	0.18	DK
CVI	0.12	-0.09	0.4	0.54	0.47	0.68		0.7	CVI
DKL	-0.4	-0.59	-0.1	0.37	0.05	0.18	0.7		DKL
	PSX	DINO	PBF	SUN	VLO	DK	CVI	DKL

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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

VLO	+ 0.95	PBF
DINO	+ 0.92	PSX
PBF	+ 0.9	PSX
PBF	+ 0.82	DINO
VLO	+ 0.81	PSX
VLO	+ 0.74	DINO

High negative correlations

DKL	- 0.59	DINO
DKL	- 0.4	PSX
DKL	- 0.1	PBF
CVI	- 0.09	DINO

Risk-Adjusted Indicators

There is a big difference between Marathon Stock performing well and Marathon Petroleum 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 Marathon Petroleum'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
PSX	1.13	(0.01)	(0.04)	0.07	1.62	(1.09)	1.80	(2.89)	10.22
DINO	1.43	(0.10)	0.00	(0.29)	0.00	0.00	2.85	(2.77)	10.71
PBF	1.84	0.12	0.03	0.47	2.24	(1.89)	3.84	(4.21)	11.78
SUN	1.01	0.19	0.09	0.37	1.22	(0.96)	2.47	(2.07)	7.24
VLO	1.36	0.09	0.01	0.42	1.58	(1.39)	2.87	(2.71)	8.22
DK	2.04	0.17	0.05	0.39	2.55	(2.09)	4.28	(4.20)	13.99
CVI	1.97	0.31	0.09	1.42	2.26	(2.06)	4.26	(3.86)	16.15
DKL	0.78	0.24	0.20	1.54	0.54	(0.94)	1.86	(1.24)	4.78

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