Chevron Corp Correlations

CVX Stock

USD 154.91 0.89 0.58%

The current 90-days correlation between Chevron Corp and Thrivent High Yield is 0.01 (i.e., Significant diversification). The correlation of Chevron Corp 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.

Chevron Corp Correlation With Market

Average diversification

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

Build AI portfolio with Chevron Stock

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

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

Moving together with Chevron Stock

0.85	BP	BP PLC ADR	Pair Corr
0.64	AAPL	Apple Inc Sell-off Trend	Pair Corr
0.69	GOOG	Alphabet Class C	Pair Corr
0.74	AGPYY	Agile Group Holdings	Pair Corr
0.63	FARO	FARO Technologies	Pair Corr
0.74	94986RYP0	US94986RYP09	Pair Corr
0.69	AMRX	Amneal Pharmaceuticals,	Pair Corr
0.64	NTIP	Network 1 Technologies	Pair Corr
0.7	DSVSF	Discovery Metals Corp	Pair Corr
0.81	HD	Home Depot	Pair Corr
0.64	TR	Tootsie Roll Industries	Pair Corr
0.63	UI	Ubiquiti Networks	Pair Corr
0.74	PBNAF	Pembina Pipeline	Pair Corr

Moving against Chevron Stock

0.41

FORLW

Four Leaf Acquisition

Pair Corr

Related Correlations Analysis

	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI	SEGG
LBHIX		0.89	0.81	0.95	0.0	0.68	0.83	0.86	-0.27	-0.92	LBHIX
MSTSX	0.89		0.72	0.94	0.0	0.56	0.82	0.81	-0.25	-0.83	MSTSX
VIASP	0.81	0.72		0.81	0.0	0.6	0.71	0.87	-0.29	-0.83	VIASP
RRTLX	0.95	0.94	0.81		0.0	0.62	0.89	0.89	-0.32	-0.93	RRTLX
OSHDF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	OSHDF
70082LAB3	0.68	0.56	0.6	0.62	0.0		0.36	0.75	-0.17	-0.71	70082LAB3
SITKF	0.83	0.82	0.71	0.89	0.0	0.36		0.77	-0.36	-0.86	SITKF
RWAYL	0.86	0.81	0.87	0.89	0.0	0.75	0.77		-0.38	-0.93	RWAYL
SEGI	-0.27	-0.25	-0.29	-0.32	0.0	-0.17	-0.36	-0.38		0.36	SEGI
SEGG	-0.92	-0.83	-0.83	-0.93	0.0	-0.71	-0.86	-0.93	0.36		SEGG
	LBHIX	MSTSX	VIASP	RRTLX	OSHDF	70082LAB3	SITKF	RWAYL	SEGI	SEGG

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

RRTLX	+ 0.95	LBHIX
RRTLX	+ 0.94	MSTSX
MSTSX	+ 0.89	LBHIX
SITKF	+ 0.89	RRTLX
RWAYL	+ 0.89	RRTLX
RWAYL	+ 0.87	VIASP

High negative correlations

SEGG	- 0.93	RWAYL
SEGG	- 0.93	RRTLX
SEGG	- 0.92	LBHIX
SEGG	- 0.86	SITKF
SEGG	- 0.83	VIASP
SEGG	- 0.83	MSTSX

Risk-Adjusted Indicators

There is a big difference between Chevron Stock performing well and Chevron Corp 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 Chevron Corp'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
LBHIX	0.13	0.02	(0.13)	(0.32)	0.00	(0.28)	0.24	(0.24)	1.18
MSTSX	0.43	0.07	0.02	(0.69)	0.49	(0.45)	1.08	(0.85)	2.69
VIASP	0.32	0.06	0.02	1.44	0.31	(0.35)	0.64	(0.60)	2.46
RRTLX	0.19	0.03	(0.04)	0.13	0.00	(0.23)	0.46	(0.31)	1.17
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	1.35	(0.01)	(0.01)	0.03	3.46	(1.19)	2.47	(2.47)	18.88
SITKF	3.55	1.43	0.38	(20.15)	2.61	(5.10)	8.70	(4.76)	22.81
RWAYL	0.12	0.03	(0.12)	1.37	0.00	(0.16)	0.28	(0.20)	0.68
SEGI	9.52	0.50	0.03	0.16	10.67	(23.21)	25.00	(20.00)	73.33
SEGG	4.24	(1.60)	0.00	(10.33)	0.00	0.00	11.40	(10.09)	32.00

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