Mach Natural Correlations

MNR Stock

USD 14.73 0.17 1.14%

The current 90-days correlation between Mach Natural Resources and JBG SMITH Properties is 0.37 (i.e., Weak diversification). The correlation of Mach Natural 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.

Mach Natural Correlation With Market

Weak diversification

The correlation between Mach Natural Resources and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mach Natural Resources and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Mach Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Mach Natural Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Mach Stock

0.65	AR	Antero Resources Corp	Pair Corr
0.89	PR	Permian Resources	Pair Corr
0.89	SD	SandRidge Energy	Pair Corr
0.87	SM	SM Energy Downward Rally	Pair Corr
0.79	VTLE	Vital Energy	Pair Corr
0.8	EPSN	Epsilon Energy	Pair Corr
0.75	FANG	Diamondback Energy	Pair Corr
0.89	APA	APA Corporation	Pair Corr
0.84	BKV	BKV Corporation Downward Rally	Pair Corr
0.88	BRY	Berry Petroleum Corp	Pair Corr
0.82	BTE	Baytex Energy Corp Earnings Call This Week	Pair Corr
0.87	CNQ	Canadian Natural Res	Pair Corr
0.78	CNX	CNX Resources Corp	Pair Corr
0.72	COP	ConocoPhillips	Pair Corr
0.85	CRC	California Resources Corp	Pair Corr
0.76	CRK	Comstock Resources	Pair Corr
0.85	DEC	Diversified Energy	Pair Corr
0.8	DVN	Devon Energy	Pair Corr
0.87	EGY	Vaalco Energy	Pair Corr
0.93	EOG	EOG Resources	Pair Corr
0.87	EPM	Evolution Petroleum	Pair Corr
0.73	EQT	EQT Corporation Earnings Call This Week	Pair Corr
0.72	GTE	Gran Tierra Energy	Pair Corr
0.89	HES	Hess	Pair Corr
0.64	HPK	Highpeak Energy Acqu	Pair Corr
0.79	KOS	Kosmos Energy	Pair Corr
0.91	KRP	Kimbell Royalty Partners	Pair Corr
0.86	MGY	Magnolia Oil Gas	Pair Corr

Moving against Mach Stock

0.6	ANNAW	AleAnna, Warrant	Pair Corr
0.57	BSM	Black Stone Minerals	Pair Corr
0.34	DMLP	Dorchester Minerals	Pair Corr
0.68	TPL	Texas Pacific Land Downward Rally	Pair Corr
0.43	TXO	MorningStar Partners,	Pair Corr
0.36	REI	Ring Energy	Pair Corr

Related Correlations Analysis

	INBX	JBGS	ATHM	ALVO	APGE	SLG	SNDA
INBX		0.65	0.23	-0.08	0.27	0.65	0.39	INBX
JBGS	0.65		-0.41	0.55	0.53	0.91	0.67	JBGS
ATHM	0.23	-0.41		-0.73	-0.07	-0.15	-0.29	ATHM
ALVO	-0.08	0.55	-0.73		0.24	0.36	0.57	ALVO
APGE	0.27	0.53	-0.07	0.24		0.72	0.62	APGE
SLG	0.65	0.91	-0.15	0.36	0.72		0.67	SLG
SNDA	0.39	0.67	-0.29	0.57	0.62	0.67		SNDA
	INBX	JBGS	ATHM	ALVO	APGE	SLG	SNDA

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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

SLG	+ 0.91	JBGS
SLG	+ 0.72	APGE
SNDA	+ 0.67	JBGS
SNDA	+ 0.67	SLG
JBGS	+ 0.65	INBX
SLG	+ 0.65	INBX

High negative correlations

ALVO	- 0.73	ATHM
ATHM	- 0.41	JBGS
SNDA	- 0.29	ATHM
SLG	- 0.15	ATHM
ALVO	- 0.08	INBX
APGE	- 0.07	ATHM

Risk-Adjusted Indicators

There is a big difference between Mach Stock performing well and Mach Natural 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 Mach Natural'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
INBX	3.16	0.93	0.24	1.33	3.08	(3.79)	7.99	(4.71)	15.98
JBGS	1.53	0.22	0.11	0.44	1.39	(1.73)	3.76	(2.78)	7.70
ATHM	1.17	0.10	0.01	0.56	1.17	(1.38)	2.75	(1.97)	8.04
ALVO	2.62	(0.15)	(0.04)	0.00	2.67	(3.61)	5.89	(5.14)	23.55
APGE	2.98	0.10	0.04	0.17	4.15	(3.30)	7.08	(6.59)	26.16
SLG	1.59	0.14	0.08	0.22	2.11	(1.69)	3.78	(4.12)	11.18
SNDA	1.78	0.01	0.05	0.12	1.85	(2.06)	4.16	(3.21)	13.23

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