PrimeEnergy Correlations

PNRG Stock

USD 165.62 7.08 4.10%

The current 90-days correlation between PrimeEnergy and Amplify Energy Corp is -0.05 (i.e., Good diversification). The correlation of PrimeEnergy 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.

PrimeEnergy Correlation With Market

Average diversification

The correlation between PrimeEnergy and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PrimeEnergy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with PrimeEnergy Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PrimeEnergy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving together with PrimeEnergy Stock

0.61	CNX	CNX Resources Corp	Pair Corr
0.79	MUR	Murphy Oil	Pair Corr
0.78	MTDR	Matador Resources	Pair Corr
0.7	CHRD	Chord Energy Corp	Pair Corr
0.81	PPERF	Bank Mandiri Persero	Pair Corr
0.65	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.7	SMXWW	SMX Public Limited	Pair Corr
0.63	FTV	Fortive Corp	Pair Corr

Moving against PrimeEnergy Stock

0.61	BKRKY	Bank Rakyat	Pair Corr
0.6	KOS	Kosmos Energy	Pair Corr
0.55	WTI	WT Offshore	Pair Corr
0.46	BHFAL	Brighthouse Financial	Pair Corr
0.41	LUMN	Lumen Technologies Buyout Trend	Pair Corr
0.4	NMRD	Nemaura Medical	Pair Corr

Related Correlations Analysis

	AMPY	IMPP	INR	REI	HUSA	OMSE	KGEI	BRY	VAL	TOYO
AMPY		0.33	0.35	0.12	0.11	-0.04	-0.15	-0.27	0.58	-0.19	AMPY
IMPP	0.33		-0.61	0.33	0.6	0.46	0.03	-0.13	0.47	0.41	IMPP
INR	0.35	-0.61		-0.29	-0.64	-0.46	-0.26	-0.22	-0.01	-0.67	INR
REI	0.12	0.33	-0.29		0.69	-0.13	0.82	0.71	0.04	0.47	REI
HUSA	0.11	0.6	-0.64	0.69		0.05	0.66	0.55	0.19	0.71	HUSA
OMSE	-0.04	0.46	-0.46	-0.13	0.05		-0.44	-0.51	0.59	0.07	OMSE
KGEI	-0.15	0.03	-0.26	0.82	0.66	-0.44		0.92	-0.36	0.46	KGEI
BRY	-0.27	-0.13	-0.22	0.71	0.55	-0.51	0.92		-0.49	0.45	BRY
VAL	0.58	0.47	-0.01	0.04	0.19	0.59	-0.36	-0.49		-0.02	VAL
TOYO	-0.19	0.41	-0.67	0.47	0.71	0.07	0.46	0.45	-0.02		TOYO
	AMPY	IMPP	INR	REI	HUSA	OMSE	KGEI	BRY	VAL	TOYO

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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

BRY	+ 0.92	KGEI
KGEI	+ 0.82	REI
BRY	+ 0.71	REI
TOYO	+ 0.71	HUSA
HUSA	+ 0.69	REI
KGEI	+ 0.66	HUSA

High negative correlations

TOYO	- 0.67	INR
HUSA	- 0.64	INR
INR	- 0.61	IMPP
BRY	- 0.51	OMSE
VAL	- 0.49	BRY
OMSE	- 0.46	INR

Risk-Adjusted Indicators

There is a big difference between PrimeEnergy Stock performing well and PrimeEnergy 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 PrimeEnergy'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
AMPY	3.08	(0.18)	0.00	(0.83)	0.00	0.00	6.16	(7.27)	17.71
IMPP	3.39	(0.36)	0.00	(0.23)	0.00	0.00	6.24	(7.80)	43.25
INR	2.17	0.05	0.02	0.13	2.43	(2.38)	4.11	(4.49)	19.95
REI	2.21	(0.34)	0.00	(0.14)	0.00	0.00	4.76	(4.72)	16.88
HUSA	4.77	(1.92)	0.00	(2.91)	0.00	0.00	7.08	(11.54)	44.49
OMSE	4.35	0.32	0.06	0.45	5.08	(5.53)	12.03	(8.20)	42.45
KGEI	2.01	(0.65)	0.00	(1.71)	0.00	0.00	3.70	(4.52)	11.55
BRY	1.47	(0.28)	0.00	(11.43)	0.00	0.00	2.46	(4.20)	8.78
VAL	2.06	(0.01)	0.01	0.08	2.82	(2.19)	4.22	(3.97)	20.91
TOYO	2.59	(0.05)	0.00	(0.03)	0.00	0.00	5.96	(4.99)	15.80

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