Crossamerica Partners Correlations

CAPL Stock

USD 21.00 0.13 0.62%

The current 90-days correlation between Crossamerica Partners and Valneva SE ADR is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crossamerica Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crossamerica Partners LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Crossamerica Partners Correlation With Market

Good diversification

The correlation between Crossamerica Partners LP and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crossamerica Partners LP and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Crossamerica Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Crossamerica Partners LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Crossamerica Stock

0.73	SUN	Sunoco LP	Pair Corr
0.63	PTLE	PTL LTD Ordinary	Pair Corr

Moving against Crossamerica Stock

0.76	AMTX	Aemetis Upward Rally	Pair Corr
0.65	PARR	Par Pacific Holdings Buyout Trend	Pair Corr
0.58	EP	Empire Petroleum Corp	Pair Corr
0.55	DKL	Delek Logistics Partners	Pair Corr
0.55	VVV	Valvoline	Pair Corr
0.5	WKC	World Kinect	Pair Corr
0.49	E	Eni SpA ADR	Pair Corr
0.49	EC	Ecopetrol SA ADR	Pair Corr
0.47	VLO	Valero Energy	Pair Corr
0.46	DK	Delek Energy Sell-off Trend	Pair Corr
0.44	DINO	HF Sinclair Corp	Pair Corr
0.42	MPC	Marathon Petroleum Corp	Pair Corr
0.42	CLNE	Clean Energy Fuels	Pair Corr
0.42	EU	enCore Energy Corp	Pair Corr
0.4	BP	BP PLC ADR	Pair Corr
0.39	CVI	CVR Energy	Pair Corr
0.39	PBF	PBF Energy	Pair Corr
0.37	PSX	Phillips 66	Pair Corr
0.35	AR	Antero Resources Corp	Pair Corr
0.35	ET	Energy Transfer LP	Pair Corr
0.67	EFXT	Enerflex	Pair Corr
0.65	TS	Tenaris SA ADR	Pair Corr
0.62	SD	SandRidge Energy	Pair Corr
0.61	EQNR	Equinor ASA ADR	Pair Corr
0.56	IMPPP	Imperial Petroleum	Pair Corr
0.55	BKR	Baker Hughes	Pair Corr
0.52	VG	Venture Global,	Pair Corr
0.51	WFRD	Weatherford International	Pair Corr
0.48	VTOL	Bristow Group	Pair Corr

Related Correlations Analysis

	ANRO	VALN	UAL	RYAAY	GZITF	HAFN	NTGR
ANRO		-0.18	0.54	0.63	-0.07	0.59	0.64	ANRO
VALN	-0.18		-0.41	-0.62	-0.7	-0.61	-0.43	VALN
UAL	0.54	-0.41		0.87	0.26	0.84	0.93	UAL
RYAAY	0.63	-0.62	0.87		0.43	0.91	0.86	RYAAY
GZITF	-0.07	-0.7	0.26	0.43		0.36	0.18	GZITF
HAFN	0.59	-0.61	0.84	0.91	0.36		0.86	HAFN
NTGR	0.64	-0.43	0.93	0.86	0.18	0.86		NTGR
	ANRO	VALN	UAL	RYAAY	GZITF	HAFN	NTGR

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

NTGR	+ 0.93	UAL
HAFN	+ 0.91	RYAAY
RYAAY	+ 0.87	UAL
NTGR	+ 0.86	RYAAY
NTGR	+ 0.86	HAFN
HAFN	+ 0.84	UAL

High negative correlations

GZITF	- 0.7	VALN
RYAAY	- 0.62	VALN
HAFN	- 0.61	VALN
NTGR	- 0.43	VALN
UAL	- 0.41	VALN
VALN	- 0.18	ANRO

Risk-Adjusted Indicators

There is a big difference between Crossamerica Stock performing well and Crossamerica Partners 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 Crossamerica Partners' 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
ANRO	4.00	0.22	0.01	(0.32)	4.91	(4.07)	10.45	(7.17)	36.06
VALN	2.48	(0.23)	0.00	0.57	0.00	0.00	4.35	(6.79)	18.89
UAL	2.97	0.36	0.05	(0.79)	4.32	(3.04)	5.39	(5.49)	37.55
RYAAY	1.50	0.47	0.20	(5.59)	1.37	(1.66)	3.89	(2.49)	13.97
GZITF	0.11	0.00	0.00	0.00	0.00	0.00	0.00	0.00	3.57
HAFN	1.93	0.36	0.08	(1.55)	2.42	(2.11)	5.17	(3.66)	12.68
NTGR	2.48	0.29	0.07	1.02	3.07	(3.14)	5.80	(4.12)	22.43

Crossamerica Partners Corporate Management

Jonathan Benfield	Principal Financial Officer, Chief Accounting Officer of CrossAmerica GP LLC	Profile
Tracy Derstine	Executive Resources	Profile
David Sheaffer	Principal Accounting Officer of CrossAmerica GP LLC	Profile
Matthew Naylor	Senior Retail	Profile

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