Antero Resources Correlations

AR Stock

USD 35.76 1.11 3.20%

The correlation of Antero Resources 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.

Antero Resources Correlation With Market

Good diversification

The correlation between Antero Resources Corp and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Antero Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Antero Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Antero Resources 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 metropolitan statistical area.

Moving together with Antero Stock

0.88	PR	Permian Resources Earnings Call Tomorrow	Pair Corr
0.79	SD	SandRidge Energy Earnings Call Tomorrow	Pair Corr
0.75	SM	SM Energy	Pair Corr
0.72	DMLP	Dorchester Minerals	Pair Corr
0.62	HPKEW	HighPeak Energy	Pair Corr
0.62	VIST	Vista Oil Gas	Pair Corr
0.84	MTDR	Matador Resources	Pair Corr
0.66	VTLE	Vital Energy Earnings Call This Week	Pair Corr
0.75	NEXT	Nextdecade Corp Earnings Call This Week	Pair Corr
0.9	FANG	Diamondback Energy	Pair Corr
0.83	APA	APA Corporation	Pair Corr
0.79	BKV	BKV Corporation	Pair Corr
0.72	BRN	Barnwell Industries	Pair Corr
0.64	BRY	Berry Petroleum Corp	Pair Corr
0.77	BSM	Black Stone Minerals Earnings Call Tomorrow	Pair Corr
0.82	BTE	Baytex Energy Corp Earnings Call This Week	Pair Corr
0.81	CNQ	Canadian Natural Res	Pair Corr
0.92	COP	ConocoPhillips Earnings Call This Week	Pair Corr
0.83	CRC	California Resources Corp	Pair Corr
0.71	DEC	Diversified Energy	Pair Corr
0.83	DVN	Devon Energy	Pair Corr
0.72	EGY	Vaalco Energy Earnings Call Tomorrow	Pair Corr
0.8	EOG	EOG Resources	Pair Corr
0.86	EPM	Evolution Petroleum Earnings Call Tomorrow	Pair Corr
0.84	EQT	EQT Corporation	Pair Corr
0.65	EXE	Expand Energy Symbol Change	Pair Corr
0.63	GFR	Greenfire Resources	Pair Corr
0.77	GTE	Gran Tierra Energy	Pair Corr
0.86	HES	Hess	Pair Corr
0.79	HPK	Highpeak Energy Acqu Earnings Call This Week	Pair Corr
0.74	INR	Infinity Natural Res	Pair Corr

Moving against Antero Stock

0.34

ANNAW

AleAnna, Warrant

Pair Corr

Related Correlations Analysis

	SWN	CHK	EQT	MTDR	FANG	CPE	ESTE	VTLE	RRC	CRK
SWN		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SWN
CHK	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CHK
EQT	0.0	0.0		0.59	0.66	0.0	0.0	0.43	0.73	0.71	EQT
MTDR	0.0	0.0	0.59		0.94	0.0	0.0	0.94	0.85	0.12	MTDR
FANG	0.0	0.0	0.66	0.94		0.0	0.0	0.8	0.92	0.3	FANG
CPE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	CPE
ESTE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ESTE
VTLE	0.0	0.0	0.43	0.94	0.8	0.0	0.0		0.69	-0.08	VTLE
RRC	0.0	0.0	0.73	0.85	0.92	0.0	0.0	0.69		0.44	RRC
CRK	0.0	0.0	0.71	0.12	0.3	0.0	0.0	-0.08	0.44		CRK
	SWN	CHK	EQT	MTDR	FANG	CPE	ESTE	VTLE	RRC	CRK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

FANG	+ 0.94	MTDR
VTLE	+ 0.94	MTDR
RRC	+ 0.92	FANG
RRC	+ 0.85	MTDR
VTLE	+ 0.8	FANG
RRC	+ 0.73	EQT

High negative correlations

CRK	- 0.08	VTLE
CRK	- 0.0	ESTE
RRC	- 0.0	ESTE
VTLE	- 0.0	ESTE
CRK	- 0.0	CPE
RRC	- 0.0	CPE

Risk-Adjusted Indicators

There is a big difference between Antero Stock performing well and Antero Resources 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 Antero Resources' 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
SWN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CHK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EQT	2.03	0.01	0.03	(0.24)	4.05	(1.62)	3.41	(4.63)	16.15
MTDR	2.68	(0.50)	0.00	0.75	0.00	0.00	4.15	(8.79)	26.86
FANG	2.33	(0.27)	0.00	0.46	0.00	0.00	3.17	(6.90)	21.87
CPE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ESTE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VTLE	4.25	(1.06)	0.00	1.12	0.00	0.00	6.26	(12.14)	35.54
RRC	2.22	(0.08)	0.00	0.32	0.00	0.00	3.50	(5.72)	18.73
CRK	3.10	0.19	0.07	(0.73)	4.25	(3.04)	7.31	(5.82)	26.52

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC