PDC Energy Correlations
The correlation of PDC 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.
PDC |
Related Correlations Analysis
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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 PDC Stock performing well and PDC 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 PDC 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DVN | 1.46 | (0.23) | 0.00 | (0.84) | 0.00 | 2.39 | 6.58 | |||
| CTRA | 1.37 | 0.21 | 0.07 | 1.18 | 1.71 | 3.02 | 9.38 | |||
| FANG | 1.36 | (0.13) | 0.00 | 1.91 | 0.00 | 2.25 | 8.10 | |||
| EOG | 1.05 | 0.05 | (0.01) | 0.32 | 1.26 | 2.30 | 9.26 | |||
| COP | 0.99 | (0.15) | 0.00 | (0.60) | 0.00 | 2.13 | 9.10 | |||
| PXD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PR | 1.49 | 0.05 | 0.00 | 0.18 | 1.77 | 2.70 | 8.87 | |||
| MGY | 1.39 | (0.17) | 0.00 | (0.33) | 0.00 | 2.47 | 10.48 | |||
| SM | 1.65 | (0.18) | 0.00 | (0.70) | 0.00 | 2.92 | 12.99 | |||
| CIVI | 1.67 | (0.02) | (0.04) | 0.02 | 2.01 | 3.11 | 11.48 |
View PDC Energy Related Equities
| Risk & Return | Correlation |
PDC Energy Corporate Management
| Lance Lauck | Executive VP of Corporate Devel. and Strategy | Profile | |
| Nicole Martinet | General Counsel and Corporate Secretary | Profile | |
| David Lillo | VP Operations | Profile | |
| Aaron Vandeford | Director Relations | Profile | |
| Erik Roach | Director Technology | Profile | |
| Scott Meyers | Chief Accounting Officer | Profile | |
| Troy Welling | Chief Plan | Profile |
Still Interested in PDC Energy?
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