Talos Energy Correlations

TALO Stock

USD 13.12 0.52 4.13%

The current 90-days correlation between Talos Energy and Calumet Specialty Products is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Talos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Talos Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Talos Energy Correlation With Market

Very weak diversification

The correlation between Talos Energy and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Talos Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Talos Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Talos 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 board of governors.

To learn how to invest in Talos Stock, please use our How to Invest in Talos Energy guide.

Moving together with Talos Stock

0.69	JP9	Japan Petroleum Expl	Pair Corr
0.94	PR	Permian Resources Aggressive Push	Pair Corr
0.92	SD	SandRidge Energy	Pair Corr
0.86	SM	SM Energy	Pair Corr
0.68	RBY	Rubellite Energy	Pair Corr
0.68	DMLP	Dorchester Minerals	Pair Corr
0.8	SDE	Spartan Delta Corp Earnings Call This Week	Pair Corr
0.69	VIST	Vista Oil Gas	Pair Corr
0.68	SEPL	Seplat Petroleum Dev	Pair Corr
0.86	VNOM	Viper Energy Ut	Pair Corr
0.73	EFXT	Enerflex	Pair Corr
0.77	OBE	Obsidian Energy Earnings Call This Week	Pair Corr
0.7	41Z0	SURGE ENERGY INC	Pair Corr
0.82	PXK	Peyto Exploration	Pair Corr

Moving against Talos Stock

0.65	INDI	Indus Gas Limited	Pair Corr
0.62	JGH	Jade Gas Holdings	Pair Corr
0.55	LGN	Logan Energy Corp	Pair Corr
0.42	VIVK	Vivakor	Pair Corr
0.62	EW	East West Petroleum	Pair Corr
0.58	SHE	Stonehorse Energy	Pair Corr
0.39	CGO	Contango Holdings PLC	Pair Corr
0.33	ERHE	ERHC Energy	Pair Corr

Related Correlations Analysis

	CLMT	NEXT	BTE	GEL	NOG	CRGY	EFXT	XPRO	SM	KRP
CLMT		-0.48	0.7	0.84	0.83	0.55	0.85	0.73	0.74	0.59	CLMT
NEXT	-0.48		-0.5	-0.48	-0.13	0.36	-0.66	-0.36	0.09	0.14	NEXT
BTE	0.7	-0.5		0.74	0.66	0.31	0.74	0.74	0.45	0.4	BTE
GEL	0.84	-0.48	0.74		0.81	0.45	0.83	0.87	0.55	0.59	GEL
NOG	0.83	-0.13	0.66	0.81		0.81	0.73	0.83	0.84	0.74	NOG
CRGY	0.55	0.36	0.31	0.45	0.81		0.32	0.51	0.82	0.79	CRGY
EFXT	0.85	-0.66	0.74	0.83	0.73	0.32		0.76	0.52	0.35	EFXT
XPRO	0.73	-0.36	0.74	0.87	0.83	0.51	0.76		0.54	0.62	XPRO
SM	0.74	0.09	0.45	0.55	0.84	0.82	0.52	0.54		0.6	SM
KRP	0.59	0.14	0.4	0.59	0.74	0.79	0.35	0.62	0.6		KRP
	CLMT	NEXT	BTE	GEL	NOG	CRGY	EFXT	XPRO	SM	KRP

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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

XPRO	+ 0.87	GEL
EFXT	+ 0.85	CLMT
GEL	+ 0.84	CLMT
SM	+ 0.84	NOG
NOG	+ 0.83	CLMT
EFXT	+ 0.83	GEL

High negative correlations

EFXT	- 0.66	NEXT
BTE	- 0.5	NEXT
GEL	- 0.48	NEXT
NEXT	- 0.48	CLMT
XPRO	- 0.36	NEXT
NOG	- 0.13	NEXT

Risk-Adjusted Indicators

There is a big difference between Talos Stock performing well and Talos 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 Talos 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
CLMT	1.33	0.45	0.24	2.60	1.27	(1.51)	3.07	(2.44)	7.83
NEXT	2.62	(0.18)	0.00	(0.08)	0.00	0.00	5.21	(6.04)	17.50
BTE	2.18	0.46	0.15	0.95	2.40	(2.43)	4.45	(3.97)	19.94
GEL	1.64	0.14	0.05	0.82	1.73	(1.81)	3.76	(2.86)	8.30
NOG	2.16	0.26	0.09	0.51	2.57	(2.22)	4.91	(4.28)	11.89
CRGY	2.40	0.19	0.06	0.24	3.19	(2.47)	5.24	(5.18)	15.66
EFXT	2.07	0.51	0.16	0.86	2.59	(2.31)	5.00	(4.22)	17.86
XPRO	2.33	0.19	0.08	0.18	2.47	(2.94)	5.94	(4.10)	14.14
SM	2.03	0.23	0.09	0.37	2.12	(2.24)	4.82	(3.99)	11.95
KRP	1.23	0.10	0.03	9.67	1.63	(1.24)	2.40	(2.41)	6.29

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