Oasis Petroleum Correlations
| OASPW Stock | USD 55.01 0.32 0.59% |
The current 90-days correlation between Oasis Petroleum and Neogen is -0.2 (i.e., Good diversification). The correlation of Oasis 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Oasis Petroleum Correlation With Market
Significant diversification
The correlation between Oasis Petroleum and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Oasis Petroleum and DJI in the same portfolio, assuming nothing else is changed.
Oasis |
The ability to find closely correlated positions to Oasis Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Oasis Petroleum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Oasis Petroleum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Oasis Petroleum to buy it.
Moving together with Oasis Pink Sheet
| 0.84 | LCID | Lucid Group Aggressive Push | PairCorr |
| 0.86 | RIVN | Rivian Automotive Aggressive Push | PairCorr |
Moving against Oasis Pink Sheet
| 0.78 | META | Meta Platforms | PairCorr |
| 0.77 | HD | Home Depot | PairCorr |
| 0.74 | AMZN | Amazon Inc | PairCorr |
| 0.71 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.7 | NVDA | NVIDIA | PairCorr |
| 0.62 | GOOG | Alphabet Class C | PairCorr |
| 0.51 | BMYMP | Bristol Myers Squibb | PairCorr |
| 0.45 | FNMA | Federal National Mortgage | PairCorr |
| 0.38 | NIO | Nio Class A Aggressive Push | PairCorr |
| 0.36 | PLUG | Plug Power Aggressive Push | PairCorr |
| 0.82 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.82 | WMT | Walmart Aggressive Push | PairCorr |
| 0.8 | AXP | American Express Fiscal Year End 24th of January 2025 | PairCorr |
| 0.79 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
| 0.77 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.75 | INTC | Intel Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.62 | HPQ | HP Inc | PairCorr |
| 0.62 | BAC | Bank of America Fiscal Year End 10th of January 2025 | PairCorr |
| 0.6 | DIS | Walt Disney | PairCorr |
| 0.52 | XOM | Exxon Mobil Corp Sell-off Trend | PairCorr |
| 0.49 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.44 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.43 | MCD | McDonalds Fiscal Year End 3rd of February 2025 | PairCorr |
Related Correlations Analysis
| -0.39 | -0.7 | -0.02 | 0.0 | -0.81 | -0.14 | ALVO | ||
| -0.39 | 0.48 | -0.56 | 0.0 | 0.55 | 0.8 | AMGN | ||
| -0.7 | 0.48 | 0.09 | 0.0 | 0.7 | 0.14 | NEOG | ||
| -0.02 | -0.56 | 0.09 | 0.0 | -0.23 | -0.61 | MMSI | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | MAHN | ||
| -0.81 | 0.55 | 0.7 | -0.23 | 0.0 | 0.23 | NVNO | ||
| -0.14 | 0.8 | 0.14 | -0.61 | 0.0 | 0.23 | JBGS | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Oasis Pink Sheet performing well and Oasis 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 Oasis 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALVO | 1.17 | 0.03 | (0.07) | (0.03) | 1.51 | 3.15 | 8.63 | |||
| AMGN | 1.03 | (0.25) | 0.00 | (0.13) | 0.00 | 1.67 | 9.43 | |||
| NEOG | 2.11 | (0.30) | 0.00 | (0.04) | 0.00 | 4.11 | 11.75 | |||
| MMSI | 0.88 | 0.13 | 0.08 | 0.37 | 0.71 | 2.11 | 6.42 | |||
| MAHN | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NVNO | 2.75 | (0.67) | 0.00 | (0.86) | 0.00 | 4.22 | 33.20 | |||
| JBGS | 1.16 | (0.16) | 0.00 | (0.05) | 0.00 | 2.58 | 9.14 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Oasis Petroleum without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Oasis Petroleum Corporate Management
| Taylor Reid | Pres COO | Profile | |
| Lara Kroll | VP Controller | Profile | |
| Richard Robuck | Sr Treasurer | Profile | |
| Nickolas JD | Gen VP | Profile | |
| Bob Bakanauskas | Director Relations | Profile | |
| Daniel Brown | CEO Director | Profile | |
| Michael Lou | CFO VP | Profile |