CVR Energy Correlations

CVI Stock

USD 34.30 1.01 3.03%

The current 90-days correlation between CVR Energy and Delek Logistics Partners is 0.11 (i.e., Average 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

Weak diversification

The correlation between CVR 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 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 unemployment.

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

0.86	DINO	HF Sinclair Corp	Pair Corr
0.89	DK	Delek Energy	Pair Corr
0.92	MPC	Marathon Petroleum Corp	Pair Corr
0.92	PBF	PBF Energy	Pair Corr
0.82	PSX	Phillips 66	Pair Corr
0.82	REX	REX American Resources	Pair Corr
0.93	VLO	Valero Energy Earnings Call This Week	Pair Corr
0.78	GEVO	Gevo Inc	Pair Corr
0.69	AEGISLOG	Aegis Logistics Earnings Call This Week	Pair Corr
0.79	ALD	Ampol	Pair Corr
0.74	CHENNPETRO	Chennai PetroleumLimited Earnings Call This Week	Pair Corr
0.85	PARR	Par Pacific Holdings Buyout Trend	Pair Corr
0.61	HINDPETRO	Hindustan PetroleumLimited Earnings Call This Week	Pair Corr
0.84	CLMT	Calumet Specialty	Pair Corr
0.8	CLNE	Clean Energy Fuels	Pair Corr

Moving against CVR Stock

0.9	PANAMAPET	Panama Petrochem	Pair Corr
0.81	000096	Shenzhen Guangju Energy	Pair Corr
0.74	VEA	Viva Energy Group	Pair Corr
0.53	GULFPETRO	GP Petroleums Limited	Pair Corr
0.48	NFE	New Fortress Energy Buyout Trend	Pair Corr
0.42	RIGD	Reliance Industries	Pair Corr
0.31	000554	Sinopec Shandong Taishan	Pair Corr
0.31	PETRONET	Petronet LNG Limited Earnings Call This Week	Pair Corr
0.79	600688	Sinopec Shanghai Pet Earnings Call This Week	Pair Corr
0.7	CONFIPET	Confidence Petroleum	Pair Corr
0.67	CASTROLIND	Castrol India Limited	Pair Corr
0.57	GIII	Gen III Oil	Pair Corr
0.32	RELIANCE	Reliance Industries	Pair Corr

Related Correlations Analysis

	DKL	PBF	DINO	PARR	DK	VLO	MPC	CAPL	SUN	PSX
DKL		0.72	0.59	0.62	0.54	0.7	0.69	0.31	-0.5	0.62	DKL
PBF	0.72		0.94	0.93	0.94	0.98	0.95	0.1	-0.68	0.91	PBF
DINO	0.59	0.94		0.89	0.95	0.94	0.88	0.0	-0.67	0.91	DINO
PARR	0.62	0.93	0.89		0.92	0.93	0.93	0.18	-0.53	0.9	PARR
DK	0.54	0.94	0.95	0.92		0.94	0.9	-0.09	-0.62	0.85	DK
VLO	0.7	0.98	0.94	0.93	0.94		0.97	0.12	-0.71	0.93	VLO
MPC	0.69	0.95	0.88	0.93	0.9	0.97		0.14	-0.62	0.92	MPC
CAPL	0.31	0.1	0.0	0.18	-0.09	0.12	0.14		0.04	0.26	CAPL
SUN	-0.5	-0.68	-0.67	-0.53	-0.62	-0.71	-0.62	0.04		-0.56	SUN
PSX	0.62	0.91	0.91	0.9	0.85	0.93	0.92	0.26	-0.56		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

VLO	+ 0.98	PBF
MPC	+ 0.97	VLO
MPC	+ 0.95	PBF
DK	+ 0.95	DINO
DINO	+ 0.94	PBF
DK	+ 0.94	PBF

High negative correlations

SUN	- 0.71	VLO
SUN	- 0.68	PBF
SUN	- 0.67	DINO
SUN	- 0.62	MPC
SUN	- 0.62	DK
PSX	- 0.56	SUN

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	1.00	(0.01)	(0.02)	0.03	1.46	(0.97)	2.14	(2.44)	6.08
PBF	2.84	0.20	0.08	0.13	3.42	(2.92)	6.16	(5.72)	15.64
DINO	1.40	0.19	0.13	0.17	1.46	(1.70)	3.34	(3.34)	8.56
PARR	2.66	0.09	0.04	0.09	3.46	(2.77)	5.95	(5.10)	16.09
DK	3.18	0.50	0.15	0.32	3.26	(3.74)	8.11	(7.01)	18.88
VLO	1.31	0.08	0.05	0.12	1.72	(1.31)	2.60	(2.85)	6.55
MPC	1.03	0.03	0.02	0.08	1.64	(0.94)	1.88	(2.74)	7.16
CAPL	0.97	(0.06)	0.00	(0.12)	0.00	0.00	2.13	(2.30)	7.17
SUN	1.00	0.05	0.02	0.18	1.25	(0.99)	1.85	(2.23)	5.79
PSX	1.11	(0.01)	0.00	0.04	1.48	(1.11)	2.17	(2.76)	7.71

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