Expand Energy Correlations

EXE Stock

108.64 0.49 0.45%

The current 90-days correlation between Expand Energy and JD Sports Fashion is 0.12 (i.e., Average diversification). The correlation of Expand 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.

Expand Energy Correlation With Market

Significant diversification

The correlation between Expand Energy and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expand Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Expand Stock

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

For information on how to trade Expand Stock refer to our How to Trade Expand Stock guide.

Moving together with Expand Stock

0.91	AR	Antero Resources Corp	Pair Corr
0.64	SD	SandRidge Energy	Pair Corr
0.7	VIST	Vista Oil Gas	Pair Corr
0.66	EPSN	Epsilon Energy	Pair Corr
0.78	BKV	BKV Corporation	Pair Corr
0.63	CNQ	Canadian Natural Res	Pair Corr
0.88	CRK	Comstock Resources Earnings Call This Week	Pair Corr
0.7	DEC	Diversified Energy	Pair Corr
0.78	EQT	EQT Corporation Earnings Call Today	Pair Corr
0.66	GTE	Gran Tierra Energy	Pair Corr
0.62	HPK	Highpeak Energy Acqu	Pair Corr
0.83	INR	Infinity Natural Res	Pair Corr

Moving against Expand Stock

0.55	DMLP	Dorchester Minerals	Pair Corr
0.33	BSM	Black Stone Minerals	Pair Corr
0.45	REI	Ring Energy	Pair Corr
0.4	TXO	MorningStar Partners,	Pair Corr

Related Correlations Analysis

	JDSPY	NSC	TSLA	HAFN	PCAR	RACE	RIVN
JDSPY		0.57	0.44	0.39	0.84	0.79	0.4	JDSPY
NSC	0.57		0.64	0.8	0.79	0.69	0.23	NSC
TSLA	0.44	0.64		0.78	0.62	0.68	0.79	TSLA
HAFN	0.39	0.8	0.78		0.61	0.68	0.54	HAFN
PCAR	0.84	0.79	0.62	0.61		0.8	0.43	PCAR
RACE	0.79	0.69	0.68	0.68	0.8		0.58	RACE
RIVN	0.4	0.23	0.79	0.54	0.43	0.58		RIVN
	JDSPY	NSC	TSLA	HAFN	PCAR	RACE	RIVN

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Risk-Adjusted Indicators

There is a big difference between Expand Stock performing well and Expand 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 Expand 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
JDSPY	3.09	0.20	0.06	0.27	3.47	(3.58)	6.86	(6.09)	17.47
NSC	1.03	0.23	0.19	0.39	0.64	(1.12)	2.54	(1.66)	8.89
TSLA	2.91	0.25	0.09	0.27	3.51	(3.12)	6.75	(5.34)	24.06
HAFN	1.50	0.38	0.12	(6.42)	1.52	(1.66)	3.55	(2.67)	9.02
PCAR	1.12	(0.06)	(0.05)	0.08	1.14	(1.27)	3.20	(2.03)	7.85
RACE	0.92	0.19	0.12	0.49	0.82	(1.15)	2.84	(1.67)	6.50
RIVN	2.33	0.09	0.04	0.21	2.52	(2.50)	4.38	(3.53)	12.00

Expand Energy Corporate Management

Christopher Lacy	General VP	Profile
Gregory Larson	VP Controller	Profile
Chris Ayres	Vice Projects	Profile
Dan Turco	Executive Commercial	Profile
Ricardo Concha	Vice Development	Profile

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