Phillips Correlations

PSX Stock

USD 159.78 0.40 0.25%

The current 90-days correlation between Phillips 66 and Marathon Petroleum Corp is 0.83 (i.e., Very poor diversification). The correlation of Phillips 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.

Phillips Correlation With Market

Poor diversification

The correlation between Phillips 66 and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phillips 66 and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Phillips Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Phillips Stock

0.78	DINO	HF Sinclair Corp	Pair Corr
0.76	TPIG	IRPC Public	Pair Corr
0.86	MPC	Marathon Petroleum Corp	Pair Corr
0.82	PBF	PBF Energy	Pair Corr
0.94	VLO	Valero Energy	Pair Corr
0.9	GPRE	Green Plains Renewable Buyout Trend	Pair Corr
0.75	PEN	PBF Energy	Pair Corr
0.74	MPN	Marathon Petroleum Corp	Pair Corr
0.88	BYNN	Rubis SCA	Pair Corr
0.9	V1L	Valero Energy	Pair Corr
0.76	NVPF	IRPC PCL NVDR	Pair Corr
0.93	0V4	Valvoline	Pair Corr
0.76	WIQ	Clean Energy Fuels	Pair Corr
0.9	JHJ	ENEOS Holdings	Pair Corr
0.77	MPN	Marathon Petroleum	Pair Corr
0.96	R66	Phillips 66	Pair Corr
0.71	NYY	NWF GROUP PLC	Pair Corr
0.61	LQZ	Thai Oil Public	Pair Corr
0.83	RUI	Rubis SCA	Pair Corr
0.62	VZ8	China Aviation Oil	Pair Corr

Moving against Phillips Stock

0.78	VEA	Viva Energy Group	Pair Corr
0.73	ALD	Ampol	Pair Corr
0.64	GEVO	Gevo Inc Earnings Call Tomorrow	Pair Corr
0.54	CLZ	Ampol Limited	Pair Corr
0.41	CVI	CVR Energy	Pair Corr
0.78	2AH	VIVA ENERGY GROUP	Pair Corr
0.65	RLI	Reliance Industries	Pair Corr
0.45	FL9	CVR Energy	Pair Corr
0.42	ALTO	Alto Ingredients Earnings Call This Week	Pair Corr

Related Correlations Analysis

	MPC	VLO	E	KMI	SLB	MPLX	ET	TRP	EOG	SU
MPC		0.78	0.67	0.67	0.45	0.7	0.64	0.64	0.81	0.62	MPC
VLO	0.78		0.88	0.88	0.85	0.78	0.9	0.83	0.86	0.91	VLO
E	0.67	0.88		0.98	0.83	0.89	0.94	0.98	0.93	0.94	E
KMI	0.67	0.88	0.98		0.85	0.9	0.96	0.98	0.93	0.95	KMI
SLB	0.45	0.85	0.83	0.85		0.7	0.92	0.8	0.71	0.94	SLB
MPLX	0.7	0.78	0.89	0.9	0.7		0.87	0.87	0.93	0.83	MPLX
ET	0.64	0.9	0.94	0.96	0.92	0.87		0.92	0.89	0.98	ET
TRP	0.64	0.83	0.98	0.98	0.8	0.87	0.92		0.91	0.92	TRP
EOG	0.81	0.86	0.93	0.93	0.71	0.93	0.89	0.91		0.86	EOG
SU	0.62	0.91	0.94	0.95	0.94	0.83	0.98	0.92	0.86		SU
	MPC	VLO	E	KMI	SLB	MPLX	ET	TRP	EOG	SU

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Risk-Adjusted Indicators

There is a big difference between Phillips Stock performing well and Phillips 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 Phillips' 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
MPC	1.50	0.16	0.08	0.27	1.65	(1.64)	4.45	(2.59)	11.12
VLO	1.55	0.34	0.21	0.65	1.28	(1.89)	4.40	(3.03)	12.66
E	1.12	0.35	0.20	1.11	1.24	(1.21)	2.45	(2.36)	6.47
KMI	0.95	0.39	0.26	(3.01)	0.98	(1.14)	2.24	(1.71)	6.33
SLB	1.72	0.45	0.28	0.37	1.38	(2.37)	4.46	(3.31)	12.54
MPLX	0.81	0.18	0.13	(1.06)	0.82	(0.84)	1.74	(1.75)	4.24
ET	0.81	0.25	0.24	(15.65)	0.57	(0.97)	1.69	(1.26)	4.31
TRP	0.94	0.31	0.26	(1.57)	0.71	(1.10)	2.11	(1.76)	5.58
EOG	1.49	0.31	0.18	22.28	1.36	(1.71)	2.94	(2.34)	6.26
SU	1.16	0.40	0.29	35.44	0.92	(1.36)	2.44	(1.80)	5.08

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