PBF Energy Correlations

PBF Stock

USD 34.49 0.80 2.27%

The current 90-days correlation between PBF Energy and Valvoline is 0.16 (i.e., Average diversification). The correlation of PBF Energy 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.

PBF Energy Correlation With Market

Very good diversification

The correlation between PBF Energy and DJI is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PBF Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PBF Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PBF 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 bureau of labor statistics.

For more detail on how to invest in PBF Stock please use our How to Invest in PBF Energy guide.

Moving together with PBF Stock

0.94	DINO	HF Sinclair Corp	Pair Corr
0.88	HL80	HF SINCLAIR P	Pair Corr
0.64	BROGF	BROGF	Pair Corr

Moving against PBF Stock

0.78	FCAP	First Capital Normal Trading	Pair Corr
0.65	JUPGF	Jupiter Gold	Pair Corr
0.61	FIBK	First Interstate Ban	Pair Corr
0.6	BNKHF	BOC Hong Kong	Pair Corr
0.51	IVVD	Invivyd	Pair Corr
0.5	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.43	OBYCF	Obayashi Earnings Call This Week	Pair Corr

Related Correlations Analysis

	VVV	UGP	CVI	CRC	VAL	MUR	MGY	RIG	UUUU	GLNG
VVV		0.73	-0.14	0.74	0.56	-0.24	0.65	0.58	0.69	0.72	VVV
UGP	0.73		-0.41	0.9	0.54	0.01	0.89	0.86	0.73	0.62	UGP
CVI	-0.14	-0.41		-0.24	0.28	-0.48	-0.29	-0.55	-0.61	-0.39	CVI
CRC	0.74	0.9	-0.24		0.73	0.04	0.93	0.84	0.65	0.63	CRC
VAL	0.56	0.54	0.28	0.73		-0.03	0.7	0.56	0.3	0.38	VAL
MUR	-0.24	0.01	-0.48	0.04	-0.03		0.19	0.31	0.02	-0.19	MUR
MGY	0.65	0.89	-0.29	0.93	0.7	0.19		0.88	0.6	0.52	MGY
RIG	0.58	0.86	-0.55	0.84	0.56	0.31	0.88		0.71	0.59	RIG
UUUU	0.69	0.73	-0.61	0.65	0.3	0.02	0.6	0.71		0.85	UUUU
GLNG	0.72	0.62	-0.39	0.63	0.38	-0.19	0.52	0.59	0.85		GLNG
	VVV	UGP	CVI	CRC	VAL	MUR	MGY	RIG	UUUU	GLNG

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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

MGY	+ 0.93	CRC
CRC	+ 0.9	UGP
MGY	+ 0.89	UGP
RIG	+ 0.88	MGY
RIG	+ 0.86	UGP
GLNG	+ 0.85	UUUU

High negative correlations

UUUU	- 0.61	CVI
RIG	- 0.55	CVI
MUR	- 0.48	CVI
CVI	- 0.41	UGP
GLNG	- 0.39	CVI
MGY	- 0.29	CVI

Risk-Adjusted Indicators

There is a big difference between PBF Stock performing well and PBF Energy 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 PBF Energy'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
VVV	1.53	0.04	0.03	0.09	1.64	(1.75)	3.83	(2.86)	8.27
UGP	1.78	0.44	0.15	0.87	2.34	(1.93)	3.92	(2.79)	13.99
CVI	1.96	(0.65)	0.00	(2.37)	0.00	0.00	3.43	(4.12)	19.04
CRC	1.43	0.27	0.13	0.77	1.48	(1.58)	3.31	(3.01)	7.25
VAL	1.81	0.08	0.03	0.13	2.47	(1.80)	3.95	(3.39)	13.35
MUR	2.18	0.19	0.06	0.33	2.71	(2.42)	3.97	(3.78)	19.80
MGY	1.38	0.25	0.12	0.97	1.45	(1.49)	2.97	(2.90)	7.67
RIG	1.84	0.44	0.16	0.53	1.99	(2.08)	5.53	(3.37)	12.06
UUUU	4.98	0.13	0.02	0.21	6.13	(5.01)	10.73	(10.25)	24.98
GLNG	1.20	0.00	(0.03)	0.07	1.33	(1.35)	2.75	(2.23)	5.56

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