Ring Energy Correlations

REI Stock

USD 1.60 0.01 0.63%

The current 90-days correlation between Ring Energy and SilverBow Resources is 0.1 (i.e., Average diversification). The correlation of Ring 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.

Ring Energy Correlation With Market

Weak diversification

The correlation between Ring Energy and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ring Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ring 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 income.

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

Moving together with Ring Stock

0.9	SD	SandRidge Energy	Pair Corr
0.67	VTLE	Vital Energy	Pair Corr
0.66	EONR	EON Resources Symbol Change	Pair Corr
0.73	APA	APA Corporation	Pair Corr
0.71	BRN	Barnwell Industries	Pair Corr
0.71	BRY	Berry Petroleum Corp	Pair Corr
0.88	BTE	Baytex Energy Corp Aggressive Push	Pair Corr
0.77	DVN	Devon Energy	Pair Corr
0.76	EGY	Vaalco Energy	Pair Corr
0.69	GTE	Gran Tierra Energy	Pair Corr
0.72	HPK	Highpeak Energy Acqu	Pair Corr
0.79	KOS	Kosmos Energy	Pair Corr
0.75	MNR	Mach Natural Resources	Pair Corr

Moving against Ring Stock

0.62	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.57	LB	LandBridge Company Upward Rally	Pair Corr
0.55	EXE	Expand Energy Symbol Change	Pair Corr
0.5	DMLP	Dorchester Minerals	Pair Corr
0.46	EQT	EQT Corporation	Pair Corr
0.45	EPSN	Epsilon Energy	Pair Corr
0.36	CRK	Comstock Resources	Pair Corr
0.53	TPL	Texas Pacific Land Upward Rally	Pair Corr
0.5	PHX	PHX Minerals	Pair Corr

Related Correlations Analysis

	SBOW	VTLE	PR	MGY	SM	MTDR	OBE	PTALF	EGY	CPE
SBOW		-0.39	-0.43	-0.23	-0.31	-0.43	-0.2	0.07	0.01	-0.22	SBOW
VTLE	-0.39		0.56	0.32	0.76	0.76	0.74	0.42	0.53	0.16	VTLE
PR	-0.43	0.56		0.91	0.77	0.91	0.11	-0.1	0.03	0.47	PR
MGY	-0.23	0.32	0.91		0.74	0.77	-0.01	-0.09	0.0	0.5	MGY
SM	-0.31	0.76	0.77	0.74		0.84	0.6	0.45	0.49	0.37	SM
MTDR	-0.43	0.76	0.91	0.77	0.84		0.37	0.06	0.11	0.49	MTDR
OBE	-0.2	0.74	0.11	-0.01	0.6	0.37		0.76	0.79	-0.06	OBE
PTALF	0.07	0.42	-0.1	-0.09	0.45	0.06	0.76		0.79	-0.04	PTALF
EGY	0.01	0.53	0.03	0.0	0.49	0.11	0.79	0.79		-0.3	EGY
CPE	-0.22	0.16	0.47	0.5	0.37	0.49	-0.06	-0.04	-0.3		CPE
	SBOW	VTLE	PR	MGY	SM	MTDR	OBE	PTALF	EGY	CPE

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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	+ 0.91	PR
MTDR	+ 0.91	PR
MTDR	+ 0.84	SM
EGY	+ 0.79	OBE
EGY	+ 0.79	PTALF
SM	+ 0.77	PR

High negative correlations

MTDR	- 0.43	SBOW
PR	- 0.43	SBOW
VTLE	- 0.39	SBOW
SM	- 0.31	SBOW
CPE	- 0.3	EGY
MGY	- 0.23	SBOW

Risk-Adjusted Indicators

There is a big difference between Ring Stock performing well and Ring 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 Ring 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
SBOW	1.58	0.16	0.05	0.38	1.86	(1.98)	3.59	(2.41)	15.61
VTLE	2.64	(0.23)	0.00	(0.05)	0.00	0.00	5.41	(6.77)	17.63
PR	1.64	0.10	0.05	0.21	1.94	(1.79)	2.90	(3.33)	7.95
MGY	1.58	0.08	0.06	0.18	1.98	(1.63)	2.89	(3.67)	8.54
SM	1.98	(0.06)	(0.01)	0.07	2.87	(1.77)	3.42	(4.03)	10.72
MTDR	1.78	0.02	0.01	0.14	2.38	(1.76)	3.24	(3.39)	10.18
OBE	2.16	(0.25)	0.00	(0.26)	0.00	0.00	3.76	(4.26)	13.07
PTALF	1.64	(0.19)	0.00	(1.26)	0.00	0.00	4.26	(4.17)	10.78
EGY	2.03	(0.35)	0.00	(0.10)	0.00	0.00	2.93	(3.96)	12.36
CPE	2.33	0.11	(0.03)	(0.05)	3.03	(2.30)	4.32	(5.23)	12.38

Ring Energy Corporate Executives

Elected by the shareholders, the Ring Energy's board of directors comprises two types of representatives: Ring Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ring. The board's role is to monitor Ring Energy's management team and ensure that shareholders' interests are well served. Ring Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ring Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.

William Broaddrick

CFO, VP, Treasurer and Corporate Secretary

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