US Energy Correlations

USEG Stock

USD 1.75 0.11 5.91%

The current 90-days correlation between US Energy Corp and PEDEVCO Corp is 0.18 (i.e., Average diversification). The correlation of US 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.

US Energy Correlation With Market

Good diversification

The correlation between US Energy Corp and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding US Energy Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in US Energy Corp. 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.

Moving together with USEG Stock

0.71	AR	Antero Resources Corp	Pair Corr
0.88	LB	LandBridge Company Downward Rally	Pair Corr
0.64	PR	Permian Resources Aggressive Push	Pair Corr
0.88	DMLP	Dorchester Minerals	Pair Corr
0.81	EPSN	Epsilon Energy	Pair Corr
0.73	BSM	Black Stone Minerals	Pair Corr
0.95	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.74	CRC	California Resources Corp	Pair Corr
0.86	CRK	Comstock Resources	Pair Corr
0.7	DEC	Diversified Energy	Pair Corr
0.63	EOG	EOG Resources	Pair Corr
0.66	EPM	Evolution Petroleum	Pair Corr
0.86	EQT	EQT Corporation	Pair Corr
0.92	EXE	Expand Energy Symbol Change	Pair Corr
0.83	HES	Hess	Pair Corr
0.71	KRP	Kimbell Royalty Partners	Pair Corr
0.77	MGY	Magnolia Oil Gas	Pair Corr

Moving against USEG Stock

0.81	BRN	Barnwell Industries	Pair Corr
0.72	BRY	Berry Petroleum Corp	Pair Corr
0.52	APA	APA Corporation	Pair Corr
0.5	DVN	Devon Energy	Pair Corr
0.48	SD	SandRidge Energy	Pair Corr
0.46	BTE	Baytex Energy Corp	Pair Corr
0.38	EGY	Vaalco Energy	Pair Corr
0.35	EONR	EON Resources Symbol Change	Pair Corr
0.68	VRN	Veren Inc Symbol Change	Pair Corr
0.62	TBN	Tamboran Resources	Pair Corr
0.6	MUR	Murphy Oil Fiscal Year End 23rd of January 2025	Pair Corr
0.6	REI	Ring Energy	Pair Corr
0.47	MNR	Mach Natural Resources	Pair Corr
0.43	KOS	Kosmos Energy Potential Growth	Pair Corr
0.39	OXY	Occidental Petroleum	Pair Corr
0.37	OBE	Obsidian Energy	Pair Corr
0.33	WDS	Woodside Energy Group	Pair Corr

Related Correlations Analysis

	PED	HUSA	PHX	TPET	PNRG	TXO	XLEFF	COCBF	CKX
PED		0.38	0.06	0.03	0.08	0.27	-0.48	-0.07	0.6	PED
HUSA	0.38		0.59	-0.61	0.75	0.34	-0.44	0.16	-0.14	HUSA
PHX	0.06	0.59		-0.59	0.71	-0.01	-0.35	0.24	-0.21	PHX
TPET	0.03	-0.61	-0.59		-0.93	0.25	0.54	-0.09	0.47	TPET
PNRG	0.08	0.75	0.71	-0.93		-0.1	-0.55	0.09	-0.45	PNRG
TXO	0.27	0.34	-0.01	0.25	-0.1		0.3	0.13	0.18	TXO
XLEFF	-0.48	-0.44	-0.35	0.54	-0.55	0.3		-0.1	-0.21	XLEFF
COCBF	-0.07	0.16	0.24	-0.09	0.09	0.13	-0.1		0.15	COCBF
CKX	0.6	-0.14	-0.21	0.47	-0.45	0.18	-0.21	0.15		CKX
	PED	HUSA	PHX	TPET	PNRG	TXO	XLEFF	COCBF	CKX

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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

PNRG	+ 0.75	HUSA
PNRG	+ 0.71	PHX
CKX	+ 0.6	PED
PHX	+ 0.59	HUSA
XLEFF	+ 0.54	TPET
CKX	+ 0.47	TPET

High negative correlations

PNRG	- 0.93	TPET
TPET	- 0.61	HUSA
TPET	- 0.59	PHX
XLEFF	- 0.55	PNRG
XLEFF	- 0.48	PED
CKX	- 0.45	PNRG

Risk-Adjusted Indicators

There is a big difference between USEG Stock performing well and US 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 US 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
PED	2.04	(0.01)	(0.02)	0.11	2.27	(2.77)	3.49	(3.30)	22.97
HUSA	4.61	0.78	0.08	(0.34)	5.27	(5.34)	11.11	(7.14)	37.16
PHX	1.13	0.21	0.05	6.94	1.38	(1.46)	2.19	(1.75)	13.02
TPET	4.26	(1.72)	0.00	19.23	0.00	0.00	8.93	(9.04)	44.22
PNRG	2.46	0.57	0.26	0.52	1.97	(3.07)	5.88	(4.38)	12.61
TXO	1.16	(0.09)	0.00	(0.02)	0.00	0.00	3.18	(2.75)	7.52
XLEFF	2.95	(1.62)	0.00	(1.63)	0.00	0.00	0.00	0.00	99.00
COCBF	3.01	0.93	0.00	(0.50)	0.00	0.00	0.00	0.00	150.00
CKX	1.09	(0.09)	0.00	0.58	0.00	0.00	2.38	(3.25)	7.70

US Energy Corporate Management

Mark Zajac	Chief Officer	Profile
Reid Bundgard	Chief Officer	Profile
Donald Kessel	Chief Officer	Profile
Jason Petrossi	Controller	Profile
Jakob Hulcy	Vice Operations	Profile

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