CVR Energy Correlations

CVI Stock

USD 18.86 0.62 3.18%

The current 90-days correlation between CVR Energy and Delek Logistics Partners is 0.43 (i.e., Very weak diversification). The correlation of CVR 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.

CVR Energy Correlation With Market

Significant diversification

The correlation between CVR Energy and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CVR Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CVR Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVR 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 real.

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

Moving together with CVR Stock

0.61	DINO	HF Sinclair Corp	Pair Corr
0.68	IEP	Icahn Enterprises Earnings Call This Week	Pair Corr
0.71	MPC	Marathon Petroleum Corp Earnings Call This Week	Pair Corr
0.66	PSX	Phillips 66	Pair Corr
0.69	VLO	Valero Energy	Pair Corr
0.67	E	Eni SpA ADR	Pair Corr
0.71	AR	Antero Resources Corp	Pair Corr
0.67	BP	BP PLC ADR	Pair Corr
0.7	PR	Permian Resources Earnings Call This Week	Pair Corr
0.7	SU	Suncor Energy Earnings Call This Week	Pair Corr
0.71	TS	Tenaris SA ADR	Pair Corr

Related Correlations Analysis

	DKL	PBF	DINO	PARR	DK	VLO	MPC	CAPL	SUN	PSX
DKL		0.62	0.69	0.38	0.68	0.82	0.76	0.42	0.44	0.82	DKL
PBF	0.62		0.88	0.81	0.91	0.85	0.78	-0.27	0.16	0.65	PBF
DINO	0.69	0.88		0.74	0.89	0.94	0.96	-0.03	0.42	0.81	DINO
PARR	0.38	0.81	0.74		0.82	0.64	0.65	-0.32	0.04	0.32	PARR
DK	0.68	0.91	0.89	0.82		0.88	0.85	-0.17	0.25	0.71	DK
VLO	0.82	0.85	0.94	0.64	0.88		0.95	0.1	0.42	0.9	VLO
MPC	0.76	0.78	0.96	0.65	0.85	0.95		0.14	0.52	0.86	MPC
CAPL	0.42	-0.27	-0.03	-0.32	-0.17	0.1	0.14		0.69	0.27	CAPL
SUN	0.44	0.16	0.42	0.04	0.25	0.42	0.52	0.69		0.52	SUN
PSX	0.82	0.65	0.81	0.32	0.71	0.9	0.86	0.27	0.52		PSX
	DKL	PBF	DINO	PARR	DK	VLO	MPC	CAPL	SUN	PSX

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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

MPC	+ 0.96	DINO
MPC	+ 0.95	VLO
VLO	+ 0.94	DINO
DK	+ 0.91	PBF
PSX	+ 0.9	VLO
DK	+ 0.89	DINO

High negative correlations

CAPL	- 0.32	PARR
CAPL	- 0.27	PBF
CAPL	- 0.17	DK
CAPL	- 0.03	DINO

Risk-Adjusted Indicators

There is a big difference between CVR Stock performing well and CVR 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 CVR 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
DKL	1.48	(0.13)	0.00	0.59	0.00	0.00	2.58	(2.57)	10.61
PBF	3.20	(0.69)	0.00	(2.50)	0.00	0.00	5.44	(9.01)	24.08
DINO	2.24	(0.23)	0.00	(8.22)	0.00	0.00	4.25	(5.95)	19.66
PARR	3.07	(0.03)	0.00	(0.17)	0.00	0.00	6.58	(8.07)	20.05
DK	3.29	(0.11)	0.00	(0.21)	0.00	0.00	5.92	(7.81)	24.53
VLO	2.11	(0.20)	0.00	(0.82)	0.00	0.00	3.33	(4.58)	19.47
MPC	2.14	(0.09)	0.00	(0.75)	0.00	0.00	3.55	(5.26)	19.80
CAPL	1.13	0.12	0.11	(14.87)	2.20	(1.06)	2.31	(2.50)	12.30
SUN	1.32	0.07	0.11	(0.69)	1.95	(1.27)	2.72	(2.87)	9.82
PSX	2.06	(0.19)	0.00	(2.94)	0.00	0.00	4.01	(3.85)	18.49

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