Marathon Petroleum Correlations

MPC Stock

USD 159.29 0.09 0.06%

The current 90-days correlation between Marathon Petroleum Corp and Phillips 66 is 0.86 (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

Weak diversification

The correlation between Marathon Petroleum Corp and DJI is 0.3 (i.e., Weak 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

0.94	DINO	HF Sinclair Corp	Pair Corr
0.92	DK	Delek Energy	Pair Corr
0.69	BPT	BP Prudhoe Bay	Pair Corr
0.73	CVI	CVR Energy	Pair Corr
0.81	PBF	PBF Energy	Pair Corr
0.81	PSX	Phillips 66 Sell-off Trend	Pair Corr
0.66	UGP	Ultrapar Participacoes	Pair Corr
0.77	VLO	Valero Energy Sell-off Trend	Pair Corr
0.88	PARR	Par Pacific Holdings	Pair Corr
0.77	CSAN	Cosan SA ADR Downward Rally	Pair Corr
0.62	E	Eni SpA ADR	Pair Corr
0.83	BP	BP PLC ADR	Pair Corr
0.85	EC	Ecopetrol SA ADR	Pair Corr
0.82	NE	Noble plc	Pair Corr
0.71	NR	Newpark Resources	Pair Corr
0.89	SD	SandRidge Energy	Pair Corr

Moving against Marathon Stock

0.75	REPYY	Repsol SA	Pair Corr
0.62	BDCO	Blue Dolphin Energy	Pair Corr
0.54	MITSY	Mitsui Company	Pair Corr
0.54	EE	Excelerate Energy	Pair Corr
0.46	CAPL	Crossamerica Partners	Pair Corr
0.38	AMTX	Aemetis	Pair Corr
0.37	AE	Adams Resources Energy	Pair Corr
0.68	IMPPP	Imperial Petroleum	Pair Corr
0.61	ENLC	EnLink Midstream LLC	Pair Corr
0.58	DMLP	Dorchester Minerals	Pair Corr
0.56	VNOM	Viper Energy Ut	Pair Corr
0.55	DWSN	Dawson Geophysical	Pair Corr
0.52	TS	Tenaris SA ADR Sell-off Trend	Pair Corr
0.43	EPSN	Epsilon Energy	Pair Corr
0.42	EFXT	Enerflex	Pair Corr
0.41	ET	Energy Transfer LP Aggressive Push	Pair Corr
0.31	HP	Helmerich and Payne	Pair Corr

Related Correlations Analysis

	PSX	DINO	PBF	SUN	VLO	DK	CVI	DKL
PSX		0.75	0.79	0.51	0.84	0.67	0.75	0.23	PSX
DINO	0.75		0.86	0.5	0.64	0.87	0.85	0.4	DINO
PBF	0.79	0.86		0.42	0.7	0.7	0.85	0.16	PBF
SUN	0.51	0.5	0.42		0.62	0.6	0.24	0.34	SUN
VLO	0.84	0.64	0.7	0.62		0.72	0.42	0.06	VLO
DK	0.67	0.87	0.7	0.6	0.72		0.59	0.52	DK
CVI	0.75	0.85	0.85	0.24	0.42	0.59		0.29	CVI
DKL	0.23	0.4	0.16	0.34	0.06	0.52	0.29		DKL
	PSX	DINO	PBF	SUN	VLO	DK	CVI	DKL

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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	1.14	(0.08)	(0.05)	0.01	1.69	(1.16)	1.81	(2.97)	7.77
DINO	1.57	(0.25)	0.00	(0.10)	0.00	0.00	3.44	(4.35)	11.77
PBF	1.93	(0.19)	0.00	(0.06)	0.00	0.00	3.52	(3.76)	15.94
SUN	1.05	0.00	(0.03)	0.08	1.08	(1.25)	2.68	(1.93)	5.70
VLO	1.47	(0.06)	(0.03)	0.02	2.05	(1.42)	2.87	(3.31)	11.46
DK	2.02	(0.25)	0.00	(0.11)	0.00	0.00	3.53	(3.90)	16.10
CVI	2.61	(0.47)	0.00	(0.17)	0.00	0.00	3.99	(5.81)	28.93
DKL	1.06	0.13	0.00	(0.24)	2.29	(1.02)	2.84	(1.44)	16.59

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