Veren Correlations
| VRN Stock | 5.34 0.09 1.66% |
The current 90-days correlation between Veren Inc and Casio Computer Co is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Veren moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veren Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Veren Correlation With Market
Modest diversification
The correlation between Veren Inc and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Veren Inc and DJI in the same portfolio, assuming nothing else is changed.
Veren |
Moving together with Veren Stock
| 0.76 | SD | SandRidge Energy | PairCorr |
| 0.71 | EONR | EON Resources Symbol Change | PairCorr |
| 0.9 | APA | APA Corporation | PairCorr |
| 0.91 | BRN | Barnwell Industries | PairCorr |
| 0.85 | BRY | Berry Petroleum Corp | PairCorr |
| 0.75 | BTE | Baytex Energy Corp | PairCorr |
| 0.84 | DVN | Devon Energy | PairCorr |
| 0.83 | EGY | Vaalco Energy | PairCorr |
| 0.64 | GTE | Gran Tierra Energy Downward Rally | PairCorr |
| 0.86 | KOS | Kosmos Energy Potential Growth | PairCorr |
| 0.75 | MNR | Mach Natural Resources | PairCorr |
Moving against Veren Stock
| 0.81 | LB | LandBridge Company Downward Rally | PairCorr |
| 0.74 | EXE | Expand Energy Symbol Change | PairCorr |
| 0.73 | CNX | CNX Resources Corp Fiscal Year End 23rd of January 2025 | PairCorr |
| 0.73 | EQT | EQT Corporation | PairCorr |
| 0.71 | DMLP | Dorchester Minerals | PairCorr |
| 0.62 | CRK | Comstock Resources | PairCorr |
| 0.57 | CRC | California Resources Corp | PairCorr |
| 0.51 | DEC | Diversified Energy | PairCorr |
| 0.47 | EPM | Evolution Petroleum | PairCorr |
| 0.46 | BSM | Black Stone Minerals | PairCorr |
| 0.44 | EP | Empire Petroleum Corp | PairCorr |
| 0.43 | AR | Antero Resources Corp | PairCorr |
| 0.39 | EPSN | Epsilon Energy | PairCorr |
| 0.31 | PR | Permian Resources Aggressive Push | PairCorr |
| 0.8 | TPL | Texas Pacific Land | PairCorr |
| 0.59 | VTS | Vitesse Energy | PairCorr |
| 0.56 | RRC | Range Resources Corp | PairCorr |
| 0.56 | STR | Sitio Royalties Corp | PairCorr |
| 0.49 | GPOR | Gulfport Energy Operating | PairCorr |
| 0.44 | HES | Hess | PairCorr |
| 0.42 | MGY | Magnolia Oil Gas | PairCorr |
| 0.4 | PHX | PHX Minerals | PairCorr |
| 0.39 | KRP | Kimbell Royalty Partners | PairCorr |
Related Correlations Analysis
| -0.45 | -0.21 | 0.0 | 0.51 | -0.23 | SSYS | ||
| -0.45 | 0.26 | 0.0 | -0.62 | 0.36 | CSIOY | ||
| -0.21 | 0.26 | 0.0 | 0.38 | 0.57 | PINS | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | FIGI | ||
| 0.51 | -0.62 | 0.38 | 0.0 | 0.1 | IPXXU | ||
| -0.23 | 0.36 | 0.57 | 0.0 | 0.1 | SPHR | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Veren Stock performing well and Veren 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 Veren'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSYS | 2.95 | 0.16 | 0.08 | 0.20 | 3.00 | 9.26 | 25.45 | |||
| CSIOY | 2.27 | (0.11) | 0.00 | (0.97) | 0.00 | 4.72 | 12.94 | |||
| PINS | 1.61 | (0.18) | 0.00 | (0.08) | 0.00 | 2.79 | 17.91 | |||
| FIGI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IPXXU | 0.04 | (0.01) | 0.00 | 0.72 | 0.00 | 0.28 | 0.65 | |||
| SPHR | 2.14 | (0.41) | 0.00 | (0.19) | 0.00 | 5.06 | 14.27 |
Veren Corporate Management
| Mark Eade | General VP | Profile | |
| Sarfraz Somani | Manager Relations | Profile | |
| Michael Politeski | Senior Treasurer | Profile | |
| BCom BComm | Chief Officer | Profile | |
| Shant Madian | Vice Markets | Profile | |
| PEng BASc | Chief Officer | Profile |