Vitesse Energy Correlations

VTS Stock

27.82 0.02 0.07%

The current 90-days correlation between Vitesse Energy and Kimbell Royalty Partners is 0.67 (i.e., Poor diversification). The correlation of Vitesse 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Vitesse Energy Correlation With Market

Weak diversification

The correlation between Vitesse Energy and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vitesse Energy 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 Vitesse 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 estimate.

For more information on how to buy Vitesse Stock please use our How to Invest in Vitesse Energy guide.

Moving together with Vitesse Stock

0.8	AR	Antero Resources Corp	Pair Corr
0.76	EP	Empire Petroleum Corp	Pair Corr
0.86	LB	LandBridge Company	Pair Corr
0.89	PR	Permian Resources Aggressive Push	Pair Corr
0.87	DMLP	Dorchester Minerals	Pair Corr
0.82	BSM	Black Stone Minerals	Pair Corr
0.83	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.68	COP	ConocoPhillips	Pair Corr
0.93	CRC	California Resources Corp	Pair Corr
0.91	CRK	Comstock Resources	Pair Corr
0.82	DEC	Diversified Energy	Pair Corr
0.84	EOG	EOG Resources	Pair Corr
0.73	EPM	Evolution Petroleum	Pair Corr
0.9	EQT	EQT Corporation	Pair Corr
0.87	EXE	Expand Energy Symbol Change	Pair Corr
0.87	HES	Hess	Pair Corr
0.8	KRP	Kimbell Royalty Partners	Pair Corr
0.92	MGY	Magnolia Oil Gas	Pair Corr
0.72	MRO	Marathon Oil	Pair Corr

Moving against Vitesse Stock

0.7	BRN	Barnwell Industries	Pair Corr
0.58	BRY	Berry Petroleum Corp	Pair Corr
0.42	APA	APA Corporation	Pair Corr
0.59	VRN	Veren Inc Symbol Change	Pair Corr
0.36	TBN	Tamboran Resources	Pair Corr

Related Correlations Analysis

	KRP	DMLP	STR	CTRA	SJT	BSM	MVO	VOC	PVL	SBR
KRP		0.79	0.79	0.66	0.72	0.84	0.4	0.65	-0.13	0.52	KRP
DMLP	0.79		0.9	0.67	0.69	0.7	0.12	0.65	-0.32	0.4	DMLP
STR	0.79	0.9		0.78	0.52	0.73	0.18	0.45	-0.18	0.56	STR
CTRA	0.66	0.67	0.78		0.36	0.79	0.27	0.46	-0.09	0.68	CTRA
SJT	0.72	0.69	0.52	0.36		0.56	0.45	0.77	-0.48	0.07	SJT
BSM	0.84	0.7	0.73	0.79	0.56		0.28	0.49	-0.21	0.46	BSM
MVO	0.4	0.12	0.18	0.27	0.45	0.28		0.48	-0.11	0.24	MVO
VOC	0.65	0.65	0.45	0.46	0.77	0.49	0.48		-0.26	0.32	VOC
PVL	-0.13	-0.32	-0.18	-0.09	-0.48	-0.21	-0.11	-0.26		0.44	PVL
SBR	0.52	0.4	0.56	0.68	0.07	0.46	0.24	0.32	0.44		SBR
	KRP	DMLP	STR	CTRA	SJT	BSM	MVO	VOC	PVL	SBR

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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

STR	+ 0.9	DMLP
BSM	+ 0.84	KRP
DMLP	+ 0.79	KRP
STR	+ 0.79	KRP
BSM	+ 0.79	CTRA
CTRA	+ 0.78	STR

High negative correlations

PVL	- 0.48	SJT
PVL	- 0.32	DMLP
PVL	- 0.26	VOC
PVL	- 0.21	BSM
PVL	- 0.18	STR
PVL	- 0.13	KRP

Risk-Adjusted Indicators

There is a big difference between Vitesse Stock performing well and Vitesse 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 Vitesse 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
KRP	0.76	0.00	(0.04)	0.11	1.07	(0.73)	1.98	(1.89)	5.08
DMLP	0.95	0.15	0.08	0.63	0.82	(1.07)	2.24	(1.64)	5.91
STR	1.50	0.09	0.05	0.19	1.68	(1.80)	3.96	(2.62)	8.57
CTRA	1.13	0.14	0.08	0.27	1.25	(1.20)	2.27	(1.94)	8.03
SJT	2.13	0.04	0.02	0.14	2.19	(2.76)	5.57	(2.99)	10.70
BSM	0.73	0.05	(0.02)	0.27	0.82	(0.74)	1.39	(1.60)	5.58
MVO	1.04	0.00	(0.06)	0.25	1.41	(1.05)	2.69	(2.41)	7.24
VOC	1.57	0.08	0.00	0.34	2.27	(1.52)	2.78	(4.11)	11.00
PVL	1.60	(0.27)	0.00	(1.05)	0.00	0.00	3.38	(4.91)	12.07
SBR	0.77	(0.04)	(0.09)	0.02	0.90	(0.84)	1.44	(1.41)	5.27

Vitesse Energy Corporate Management

Mike Morella	VP Officer	Profile
Michael Sabol	Chief Engineer	Profile
Christopher Humber	General Secretary	Profile
Luke Weimer	Controller	Profile
Michael Regan	General Secretary	Profile

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