Venture Global Correlations

VG Stock

USD 6.82 0.19 2.71%

The current 90-days correlation between Venture Global and Pembina Pipeline Corp is 0.23 (i.e., Modest diversification). The correlation of Venture Global 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.

Venture Global Correlation With Market

Weak diversification

The correlation between Venture Global and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Venture Global and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Venture Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Venture Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

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

Moving together with Venture Stock

0.88	EP	Empire Petroleum Corp	Pair Corr
0.9	SM	SM Energy	Pair Corr
0.84	CRC	California Resources Corp	Pair Corr
0.82	EGY	Vaalco Energy	Pair Corr
0.83	KOS	Kosmos Energy	Pair Corr
0.65	OBE	Obsidian Energy	Pair Corr
0.85	SOC	Sable Offshore Corp Buyout Trend	Pair Corr
0.71	BHFAL	Brighthouse Financial	Pair Corr
0.75	CIVI	Civitas Resources	Pair Corr

Moving against Venture Stock

0.8	VIST	Vista Oil Gas	Pair Corr
0.79	EFXT	Enerflex	Pair Corr
0.73	SD	SandRidge Energy	Pair Corr
0.7	CNX	CNX Resources Corp	Pair Corr
0.66	BTE	Baytex Energy Corp Aggressive Push	Pair Corr
0.55	BKV	BKV Corporation	Pair Corr
0.46	FANG	Diamondback Energy	Pair Corr
0.43	CRK	Comstock Resources	Pair Corr
0.63	TALO	Talos Energy	Pair Corr
0.6	XPRO	Expro Group Holdings	Pair Corr
0.59	GPRK	GeoPark	Pair Corr
0.48	MUR	Murphy Oil	Pair Corr
0.45	DEC	Diversified Energy	Pair Corr
0.82	PTAIY	Astra International Tbk	Pair Corr
0.81	CASXF	Casa Minerals	Pair Corr
0.79	TLK	Telkom Indonesia Tbk	Pair Corr
0.76	PPERY	Bank Mandiri Persero	Pair Corr

Related Correlations Analysis

	PBA	DVN	EC	CQP	CTRA	TS	FTI	TPL	HAL	WES
PBA		0.29	-0.07	0.27	-0.12	-0.23	-0.2	0.06	-0.35	-0.07	PBA
DVN	0.29		0.6	0.81	0.79	0.61	0.78	-0.42	0.51	0.81	DVN
EC	-0.07	0.6		0.51	0.82	0.82	0.77	-0.01	0.54	0.75	EC
CQP	0.27	0.81	0.51		0.62	0.54	0.71	-0.32	0.56	0.74	CQP
CTRA	-0.12	0.79	0.82	0.62		0.89	0.91	-0.24	0.72	0.89	CTRA
TS	-0.23	0.61	0.82	0.54	0.89		0.92	-0.14	0.77	0.8	TS
FTI	-0.2	0.78	0.77	0.71	0.91	0.92		-0.38	0.84	0.9	FTI
TPL	0.06	-0.42	-0.01	-0.32	-0.24	-0.14	-0.38		-0.21	-0.25	TPL
HAL	-0.35	0.51	0.54	0.56	0.72	0.77	0.84	-0.21		0.72	HAL
WES	-0.07	0.81	0.75	0.74	0.89	0.8	0.9	-0.25	0.72		WES
	PBA	DVN	EC	CQP	CTRA	TS	FTI	TPL	HAL	WES

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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

FTI	+ 0.92	TS
FTI	+ 0.91	CTRA
WES	+ 0.9	FTI
TS	+ 0.89	CTRA
WES	+ 0.89	CTRA
HAL	+ 0.84	FTI

High negative correlations

TPL	- 0.42	DVN
TPL	- 0.38	FTI
HAL	- 0.35	PBA
TPL	- 0.32	CQP
WES	- 0.25	TPL
TPL	- 0.24	CTRA

Risk-Adjusted Indicators

There is a big difference between Venture Stock performing well and Venture Global 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 Venture Global'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
PBA	0.95	(0.08)	0.00	(0.13)	0.00	0.00	2.16	(2.24)	10.20
DVN	1.39	0.04	0.01	0.12	1.78	(1.47)	3.20	(2.98)	8.63
EC	1.38	0.13	0.05	1.00	1.63	(1.49)	2.94	(3.07)	7.69
CQP	1.11	0.00	(0.02)	0.05	1.29	(1.21)	2.36	(2.19)	7.32
CTRA	1.43	0.17	0.07	0.52	1.66	(1.50)	2.88	(2.99)	9.69
TS	1.19	0.11	0.05	0.22	1.67	(1.15)	3.44	(2.43)	9.87
FTI	1.32	0.15	0.07	0.34	1.63	(1.39)	2.76	(3.01)	14.23
TPL	1.86	(0.11)	0.00	(0.10)	0.00	0.00	3.40	(3.90)	16.39
HAL	1.58	0.23	0.09	1.12	1.97	(1.69)	3.25	(3.16)	15.86
WES	0.89	0.06	0.02	0.27	1.04	(1.01)	2.05	(1.82)	4.94

Venture Global Corporate Management

Sarah Blake	Senior Officer	Profile
Michael Pasquarello	Senior Relations	Profile
Keith Larson	General Secretary	Profile
Brian Cothran	Chief Officer	Profile
Ngoni Murandu	Chief Officer	Profile
Thomas Earl	Chief Officer	Profile

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