Murphy USA Correlations

MUSA Stock

USD 545.34 14.00 2.63%

The current 90-days correlation between Murphy USA and Group 1 Automotive is 0.12 (i.e., Average diversification). The correlation of Murphy USA 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.

Murphy USA Correlation With Market

Weak diversification

The correlation between Murphy USA and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Murphy USA 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 Murphy USA. 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.

For information on how to trade Murphy Stock refer to our How to Trade Murphy Stock guide.

Moving against Murphy Stock

0.57	PDD	PDD Holdings Earnings Call This Week	Pair Corr
0.54	KIRK	Kirklands Earnings Call This Week	Pair Corr
0.48	AEO	American Eagle Outfitters Sell-off Trend	Pair Corr
0.42	HD	Home Depot	Pair Corr
0.32	BC	Brunswick	Pair Corr
0.69	MBC	MasterBrand	Pair Corr
0.55	LEG	Leggett Platt	Pair Corr
0.55	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.36	FOXF	Fox Factory Holding	Pair Corr
0.33	AGS	PlayAGS	Pair Corr
0.33	DAN	Dana Inc	Pair Corr

Related Correlations Analysis

	GPI	MUR	LCII	PAG	MTX
GPI		-0.15	0.2	0.46	0.63	GPI
MUR	-0.15		0.29	0.6	-0.37	MUR
LCII	0.2	0.29		0.35	0.12	LCII
PAG	0.46	0.6	0.35		0.21	PAG
MTX	0.63	-0.37	0.12	0.21		MTX
	GPI	MUR	LCII	PAG	MTX

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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

MTX	+ 0.63	GPI
PAG	+ 0.6	MUR
PAG	+ 0.46	GPI
PAG	+ 0.35	LCII
LCII	+ 0.29	MUR
MTX	+ 0.21	PAG

High negative correlations

MTX	- 0.37	MUR
MUR	- 0.15	GPI

Risk-Adjusted Indicators

There is a big difference between Murphy Stock performing well and Murphy USA 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 Murphy USA'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
GPI	1.59	0.05	0.06	0.13	1.50	(1.79)	3.60	(2.70)	11.29
MUR	1.53	(0.24)	0.00	(0.13)	0.00	0.00	2.83	(3.67)	9.23
LCII	1.68	(0.12)	(0.01)	0.04	2.09	(1.71)	3.85	(3.74)	9.65
PAG	1.13	(0.17)	0.00	(0.04)	0.00	0.00	2.50	(2.44)	6.98
MTX	1.30	(0.04)	0.04	0.08	1.29	(1.50)	2.94	(2.51)	11.90

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