Epsilon Energy Correlations

EPSN Stock

USD 6.60 0.24 3.51%

The current 90-days correlation between Epsilon Energy and Evolution Petroleum is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Epsilon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Epsilon Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Epsilon Energy Correlation With Market

Significant diversification

The correlation between Epsilon Energy and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Epsilon Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Epsilon Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Epsilon 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 state.

To learn how to invest in Epsilon Stock, please use our How to Invest in Epsilon Energy guide.

Moving together with Epsilon Stock

0.71	AR	Antero Resources Corp	Pair Corr
0.76	PR	Permian Resources	Pair Corr
0.82	SD	SandRidge Energy	Pair Corr
0.67	SM	SM Energy	Pair Corr
0.68	VIST	Vista Oil Gas	Pair Corr
0.79	VTLE	Vital Energy	Pair Corr
0.77	FANG	Diamondback Energy	Pair Corr
0.72	APA	APA Corporation Sell-off Trend	Pair Corr
0.71	BKV	BKV Corporation	Pair Corr
0.69	BTE	Baytex Energy Corp Earnings Call This Week	Pair Corr
0.8	CNQ	Canadian Natural Res	Pair Corr
0.72	CRK	Comstock Resources	Pair Corr
0.7	DEC	Diversified Energy	Pair Corr
0.66	DVN	Devon Energy	Pair Corr
0.66	EGY	Vaalco Energy	Pair Corr
0.72	EOG	EOG Resources	Pair Corr
0.74	EPM	Evolution Petroleum	Pair Corr
0.66	EXE	Expand Energy Symbol Change	Pair Corr
0.82	GTE	Gran Tierra Energy	Pair Corr
0.78	HPK	Highpeak Energy Acqu	Pair Corr
0.61	INR	Infinity Natural Res	Pair Corr
0.62	KOS	Kosmos Energy	Pair Corr
0.67	KRP	Kimbell Royalty Partners	Pair Corr
0.71	MGY	Magnolia Oil Gas	Pair Corr
0.67	MNR	Mach Natural Resources	Pair Corr

Moving against Epsilon Stock

0.5

TPL

Texas Pacific Land

Pair Corr

Related Correlations Analysis

	EPM	GPRK	GRNT	PHX	CRC	NESR	ESQ	RNGR	JRSH
EPM		0.76	0.83	0.79	0.87	-0.07	0.73	0.5	0.68	EPM
GPRK	0.76		0.59	0.5	0.63	0.04	0.46	0.56	0.45	GPRK
GRNT	0.83	0.59		0.58	0.83	-0.08	0.68	0.27	0.75	GRNT
PHX	0.79	0.5	0.58		0.59	-0.23	0.51	0.57	0.39	PHX
CRC	0.87	0.63	0.83	0.59		-0.03	0.88	0.12	0.89	CRC
NESR	-0.07	0.04	-0.08	-0.23	-0.03		0.18	0.0	0.18	NESR
ESQ	0.73	0.46	0.68	0.51	0.88	0.18		0.03	0.82	ESQ
RNGR	0.5	0.56	0.27	0.57	0.12	0.0	0.03		-0.04	RNGR
JRSH	0.68	0.45	0.75	0.39	0.89	0.18	0.82	-0.04		JRSH
	EPM	GPRK	GRNT	PHX	CRC	NESR	ESQ	RNGR	JRSH

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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

JRSH	+ 0.89	CRC
ESQ	+ 0.88	CRC
CRC	+ 0.87	EPM
GRNT	+ 0.83	EPM
CRC	+ 0.83	GRNT
JRSH	+ 0.82	ESQ

High negative correlations

NESR	- 0.23	PHX
NESR	- 0.08	GRNT
NESR	- 0.07	EPM
JRSH	- 0.04	RNGR
NESR	- 0.03	CRC
RNGR	- 0.0	NESR

Risk-Adjusted Indicators

There is a big difference between Epsilon Stock performing well and Epsilon 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 Epsilon 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
EPM	1.54	0.14	0.04	0.35	1.84	(1.65)	3.06	(3.14)	8.70
GPRK	2.53	0.09	0.00	0.46	2.60	(2.92)	5.06	(4.49)	13.48
GRNT	1.72	0.12	0.04	0.29	2.14	(1.84)	3.49	(3.51)	10.74
PHX	1.56	0.20	0.00	(0.33)	1.94	(2.30)	4.06	(3.93)	21.08
CRC	1.62	0.56	0.31	1.07	1.13	(2.02)	4.42	(2.21)	11.35
NESR	2.48	(0.03)	(0.02)	0.09	2.89	(2.91)	5.60	(5.80)	16.48
ESQ	1.25	0.29	0.16	0.49	1.17	(1.36)	2.99	(2.10)	7.91
RNGR	2.07	(0.13)	0.00	(0.08)	0.00	0.00	3.45	(4.14)	14.41
JRSH	1.28	0.15	0.04	0.39	1.59	(1.59)	3.31	(3.11)	10.92

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