Gulfport Energy Correlations
| GPOR Stock | | | USD 184.45 8.52 4.84% |
The current 90-days correlation between Gulfport Energy Operating and Coterra Energy is -0.36 (i.e., Very good diversification). The correlation of Gulfport 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Gulfport Energy Correlation With Market
Very weak diversification
The correlation between Gulfport Energy Operating and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gulfport Energy Operating and DJI in the same portfolio, assuming nothing else is changed.
Check out
Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gulfport Energy Operating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in persons.
Moving together with Gulfport Stock
Moving against Gulfport Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Gulfport Stock performing well and Gulfport 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 Gulfport 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.
Gulfport Energy Corporate Executives
Elected by the shareholders, the Gulfport Energy's board of directors comprises two types of representatives: Gulfport Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gulfport. The board's role is to monitor Gulfport Energy's management team and ensure that shareholders' interests are well served. Gulfport Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gulfport Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.