Ring Energy Correlations

REI Stock

USD 1.33 0.09 7.26%

The current 90-days correlation between Ring Energy and Imperial Petroleum is 0.16 (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

Very weak diversification

The correlation between Ring Energy and DJI is 0.45 (i.e., Very 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.

Build AI portfolio with Ring Stock

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 discontinued.

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

0.63	FANG	Diamondback Energy	Pair Corr
0.84	CNQ	Canadian Natural Res	Pair Corr
0.7	COP	ConocoPhillips	Pair Corr
0.77	EOG	EOG Resources	Pair Corr
0.9	WTI	WT Offshore	Pair Corr
0.93	IPO	InPlay Oil Corp	Pair Corr
0.69	MBFJF	Mitsubishi UFJ Financial Normal Trading	Pair Corr
0.7	JPSTF	JAPAN POST BANK Earnings Call This Week	Pair Corr
0.68	MZHOF	Mizuho Financial Normal Trading	Pair Corr
0.66	RCKY	Rocky Brands	Pair Corr
0.7	APETF	Alpha Esports Tech	Pair Corr
0.63	OBYCF	Obayashi	Pair Corr
0.65	RILYL	B Riley Financial	Pair Corr

Moving against Ring Stock

0.58	PBCRY	Bank Central Asia	Pair Corr
0.5	DEC	Diversified Energy	Pair Corr
0.44	DEC	Diversified Energy	Pair Corr
0.66	IVVD	Invivyd	Pair Corr
0.46	NVNIW	Nvni Group Limited	Pair Corr
0.4	OMC	Omnicom Group Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	IMPP	AMPY	HUSA	INR	PNRG	KGEI	NUAI	BOOM	EPM	GTE
IMPP		0.63	0.73	-0.74	-0.71	0.46	-0.15	-0.7	0.46	-0.39	IMPP
AMPY	0.63		0.35	-0.17	-0.13	0.46	0.0	-0.45	0.63	0.11	AMPY
HUSA	0.73	0.35		-0.84	-0.57	0.25	-0.56	-0.85	0.08	-0.78	HUSA
INR	-0.74	-0.17	-0.84		0.78	-0.23	0.21	0.62	-0.15	0.64	INR
PNRG	-0.71	-0.13	-0.57	0.78		-0.27	0.05	0.45	-0.29	0.45	PNRG
KGEI	0.46	0.46	0.25	-0.23	-0.27		0.15	-0.39	0.69	-0.09	KGEI
NUAI	-0.15	0.0	-0.56	0.21	0.05	0.15		0.62	0.34	0.7	NUAI
BOOM	-0.7	-0.45	-0.85	0.62	0.45	-0.39	0.62		-0.13	0.75	BOOM
EPM	0.46	0.63	0.08	-0.15	-0.29	0.69	0.34	-0.13		0.2	EPM
GTE	-0.39	0.11	-0.78	0.64	0.45	-0.09	0.7	0.75	0.2		GTE
	IMPP	AMPY	HUSA	INR	PNRG	KGEI	NUAI	BOOM	EPM	GTE

Please upgrade your account to get full access to Macroaxis premium features

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

PNRG	+ 0.78	INR
GTE	+ 0.75	BOOM
HUSA	+ 0.73	IMPP
GTE	+ 0.7	NUAI
EPM	+ 0.69	KGEI
GTE	+ 0.64	INR

High negative correlations

BOOM	- 0.85	HUSA
INR	- 0.84	HUSA
GTE	- 0.78	HUSA
INR	- 0.74	IMPP
PNRG	- 0.71	IMPP
BOOM	- 0.7	IMPP

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
IMPP	3.06	(0.51)	0.00	26.84	0.00	0.00	6.24	(6.94)	33.83
AMPY	2.77	0.25	0.06	0.62	3.11	(2.92)	6.16	(3.74)	17.71
HUSA	4.77	(1.75)	0.00	1.38	0.00	0.00	7.08	(11.54)	44.49
INR	2.24	0.58	0.28	0.75	1.64	(2.85)	5.59	(3.09)	19.95
PNRG	2.54	0.58	0.19	2.70	2.33	(2.96)	5.49	(4.10)	15.84
KGEI	2.02	(0.13)	0.00	(0.36)	0.00	0.00	3.91	(4.30)	11.55
NUAI	8.97	0.43	0.04	0.89	10.31	(10.02)	19.87	(13.15)	56.80
BOOM	2.69	0.12	0.03	0.17	4.26	(2.78)	6.18	(4.12)	18.62
EPM	1.80	(0.08)	0.00	(0.05)	0.00	0.00	3.66	(4.48)	10.47
GTE	3.30	0.69	0.12	(3.47)	4.29	(3.60)	6.71	(5.52)	23.69

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.

Travis Thomas	Executive CFO	Profile
William Broaddrick	CFO, VP, Treasurer and Corporate Secretary	Profile
Rocky Kwon	VP CFO	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC