EOG Resources Correlations
| E1OG34 Stock | BRL 348.25 11.55 3.21% |
The correlation of EOG 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EOG Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EOG Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EOG Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade EOG Stock refer to our How to Trade EOG Stock guide.EOG |
The ability to find closely correlated positions to EOG Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EOG Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EOG Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EOG Resources to buy it.
Moving together with EOG Stock
| 0.96 | COPH34 | ConocoPhillips | PairCorr |
| 0.96 | OXYP34 | Occidental Petroleum | PairCorr |
| 0.93 | P1IO34 | Pioneer Natural Resources | PairCorr |
| 0.96 | D1VN34 | Devon Energy | PairCorr |
| 0.92 | M1RO34 | Marathon Oil | PairCorr |
| 0.82 | A1PA34 | APA Corporation | PairCorr |
| 0.84 | PRIO3 | Petro Rio SA | PairCorr |
| 0.9 | RRRP3 | 3R Petroleum leo | PairCorr |
| 0.67 | TSMC34 | Taiwan Semiconductor | PairCorr |
| 0.83 | AMZO34 | Amazon Inc | PairCorr |
| 0.79 | MSFT34 | Microsoft | PairCorr |
| 0.84 | GOGL35 | Alphabet | PairCorr |
| 0.85 | GOGL34 | Alphabet | PairCorr |
Moving against EOG Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between EOG Stock performing well and EOG 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 EOG 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HOME34 | 0.75 | (0.01) | (0.05) | 0.01 | 0.92 | 1.52 | 5.47 | |||
| L1YG34 | 1.15 | 0.42 | 0.26 | 0.99 | 0.98 | 3.79 | 10.68 | |||
| S1IV34 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SSFO34 | 1.38 | 0.05 | 0.00 | 0.82 | 1.76 | 2.83 | 10.65 | |||
| A1MP34 | 0.91 | 0.15 | 0.07 | 0.67 | 1.16 | 1.96 | 6.60 | |||
| LVTC3 | 1.13 | (0.02) | 0.00 | 0.18 | 0.00 | 2.37 | 6.62 | |||
| A1LG34 | 0.84 | 0.26 | 0.00 | (2.80) | 0.00 | 3.22 | 10.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in EOG Resources without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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EOG Resources Corporate Management
Elected by the shareholders, the EOG Resources' board of directors comprises two types of representatives: EOG Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of EOG. The board's role is to monitor EOG Resources' management team and ensure that shareholders' interests are well served. EOG Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, EOG Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| David Streit | VP Relations | Profile | |
| Ann Janssen | VP Officer | Profile | |
| Patricia Edwards | VP | Profile | |
| Michael Donaldson | Gen VP | Profile |
Already Invested in EOG Resources?
The danger of trading EOG Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of EOG Resources is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than EOG Resources. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EOG Resources is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether EOG Resources is a strong investment it is important to analyze EOG Resources' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EOG Resources' future performance. For an informed investment choice regarding EOG Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EOG Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. For information on how to trade EOG Stock refer to our How to Trade EOG Stock guide.Note that the EOG Resources information on this page should be used as a complementary analysis to other EOG Resources' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for EOG Stock analysis
When running EOG Resources' price analysis, check to measure EOG Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EOG Resources is operating at the current time. Most of EOG Resources' value examination focuses on studying past and present price action to predict the probability of EOG Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EOG Resources' price. Additionally, you may evaluate how the addition of EOG Resources to your portfolios can decrease your overall portfolio volatility.
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