Phillips Correlations

PSX Stock

USD 130.57 1.53 1.19%

The current 90-days correlation between Phillips 66 and Marathon Petroleum Corp is 0.81 (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

Significant diversification

The correlation between Phillips 66 and DJI is 0.04 (i.e., Significant 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 real.

Moving together with Phillips Stock

0.66

CSAN

Cosan SA ADR

Pair Corr

Moving against Phillips Stock

0.37	EDRVY	EDP Renovveis SA	Pair Corr
0.5	RKLB	Rocket Lab USA Aggressive Push	Pair Corr

Related Correlations Analysis

	MPC	VLO	E	KMI	SLB	MPLX	ET	TRP	EOG	SU
MPC		0.56	-0.13	-0.29	-0.27	-0.14	0.47	-0.45	0.47	-0.12	MPC
VLO	0.56		0.66	0.11	0.31	0.38	0.65	0.2	0.36	0.45	VLO
E	-0.13	0.66		0.24	0.69	0.64	0.42	0.57	0.02	0.66	E
KMI	-0.29	0.11	0.24		0.01	0.12	0.15	0.72	0.46	0.36	KMI
SLB	-0.27	0.31	0.69	0.01		0.79	0.23	0.47	-0.13	0.66	SLB
MPLX	-0.14	0.38	0.64	0.12	0.79		0.4	0.61	-0.01	0.87	MPLX
ET	0.47	0.65	0.42	0.15	0.23	0.4		0.16	0.47	0.39	ET
TRP	-0.45	0.2	0.57	0.72	0.47	0.61	0.16		0.15	0.8	TRP
EOG	0.47	0.36	0.02	0.46	-0.13	-0.01	0.47	0.15		0.17	EOG
SU	-0.12	0.45	0.66	0.36	0.66	0.87	0.39	0.8	0.17		SU
	MPC	VLO	E	KMI	SLB	MPLX	ET	TRP	EOG	SU

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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

SU	+ 0.87	MPLX
SU	+ 0.8	TRP
MPLX	+ 0.79	SLB
TRP	+ 0.72	KMI
SLB	+ 0.69	E
E	+ 0.66	VLO

High negative correlations

TRP	- 0.45	MPC
KMI	- 0.29	MPC
SLB	- 0.27	MPC
MPLX	- 0.14	MPC
EOG	- 0.13	SLB
E	- 0.13	MPC

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	1.46	0.00	0.00	0.00	0.00	0.00	3.11	(3.66)	10.07
VLO	1.53	0.20	0.06	(0.73)	1.58	(1.85)	3.45	(2.85)	11.63
E	0.83	0.17	0.08	4.81	0.87	(0.89)	1.81	(1.64)	5.17
KMI	0.94	(0.03)	(0.06)	(0.02)	1.36	(0.94)	1.65	(1.85)	5.81
SLB	1.61	0.27	0.15	0.30	1.60	(1.88)	4.12	(3.08)	8.22
MPLX	0.78	0.11	0.06	0.46	0.84	(0.82)	1.71	(1.59)	4.74
ET	0.77	(0.04)	0.00	(0.15)	0.00	0.00	1.92	(1.43)	3.98
TRP	0.82	0.03	(0.02)	0.16	0.92	(0.88)	2.09	(1.32)	5.41
EOG	0.97	(0.09)	0.00	(0.13)	0.00	0.00	2.15	(2.03)	6.52
SU	0.99	0.14	0.06	1.14	1.03	(1.05)	2.22	(1.62)	7.59

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