MPLX LP Correlations

MPLX Stock

USD 50.76 0.19 0.38%

The current 90-days correlation between MPLX LP and Cheniere Energy is 0.41 (i.e., Very weak diversification). The correlation of MPLX LP 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.

MPLX LP Correlation With Market

Modest diversification

The correlation between MPLX LP and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MPLX LP and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with MPLX Stock

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

For more information on how to buy MPLX Stock please use our How to Invest in MPLX LP guide.

Moving together with MPLX Stock

0.65

CAPL

Crossamerica Partners Earnings Call This Week

Pair Corr

Moving against MPLX Stock

0.54	SSNLF	Samsung Electronics	Pair Corr
0.49	DLTTF	Dalata Hotel Group	Pair Corr
0.46	BWXT	BWX Technologies Earnings Call This Week	Pair Corr
0.46	EXC	Exelon	Pair Corr
0.44	VIVC	Vivic Corp	Pair Corr
0.41	MMNT	Momentous Holdings Corp	Pair Corr
0.4	DWTX	Dogwood Therapeutics,	Pair Corr
0.39	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.38	BLLYF	Bluejay Mining plc	Pair Corr
0.36	VRT	Vertiv Holdings	Pair Corr
0.57	UNFI	United Natural Foods	Pair Corr
0.54	DRMMF	Dream International	Pair Corr
0.46	USGO	US GoldMining Common	Pair Corr
0.45	HANCF	Hanstone Gold Corp	Pair Corr
0.45	AEP	American Electric Power	Pair Corr
0.45	AIAGF	Aurubis AG	Pair Corr
0.44	LAKE	Lakeland Industries	Pair Corr
0.43	TERN	Terns Pharmaceuticals	Pair Corr

Related Correlations Analysis

	LNG	ET	OKE	SU	TRP	SLB	IMO	E	PSX	EPD
LNG		0.69	0.83	0.32	0.03	0.0	-0.01	-0.53	-0.18	0.57	LNG
ET	0.69		0.75	0.17	-0.43	0.25	-0.04	-0.35	-0.21	0.63	ET
OKE	0.83	0.75		0.02	-0.36	-0.14	-0.28	-0.55	-0.47	0.41	OKE
SU	0.32	0.17	0.02		0.6	0.55	0.91	0.25	0.69	0.52	SU
TRP	0.03	-0.43	-0.36	0.6		0.17	0.57	0.31	0.64	0.15	TRP
SLB	0.0	0.25	-0.14	0.55	0.17		0.66	0.57	0.74	0.5	SLB
IMO	-0.01	-0.04	-0.28	0.91	0.57	0.66		0.52	0.83	0.36	IMO
E	-0.53	-0.35	-0.55	0.25	0.31	0.57	0.52		0.69	0.05	E
PSX	-0.18	-0.21	-0.47	0.69	0.64	0.74	0.83	0.69		0.19	PSX
EPD	0.57	0.63	0.41	0.52	0.15	0.5	0.36	0.05	0.19		EPD
	LNG	ET	OKE	SU	TRP	SLB	IMO	E	PSX	EPD

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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

IMO	+ 0.91	SU
OKE	+ 0.83	LNG
PSX	+ 0.83	IMO
OKE	+ 0.75	ET
PSX	+ 0.74	SLB
ET	+ 0.69	LNG

High negative correlations

E	- 0.55	OKE
E	- 0.53	LNG
PSX	- 0.47	OKE
TRP	- 0.43	ET
TRP	- 0.36	OKE
E	- 0.35	ET

Risk-Adjusted Indicators

There is a big difference between MPLX Stock performing well and MPLX LP 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 MPLX LP'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
LNG	0.78	(0.16)	0.00	(11.27)	0.00	0.00	1.56	(1.73)	4.73
ET	0.66	(0.13)	0.00	(0.17)	0.00	0.00	1.46	(1.38)	3.68
OKE	1.02	(0.38)	0.00	(0.32)	0.00	0.00	1.37	(2.75)	6.24
SU	0.89	(0.01)	(0.08)	0.08	0.97	(0.98)	2.34	(1.53)	5.91
TRP	0.70	0.08	(0.02)	(16.72)	0.86	(0.72)	1.53	(1.26)	4.65
SLB	1.36	0.00	0.01	0.10	1.41	(1.57)	2.89	(2.47)	9.59
IMO	1.07	0.03	(0.01)	0.15	1.18	(1.11)	2.37	(2.11)	5.76
E	0.83	0.09	0.03	0.28	0.93	(0.84)	1.75	(1.62)	5.52
PSX	1.13	0.06	0.04	0.16	1.16	(1.27)	3.25	(1.83)	7.71
EPD	0.59	(0.05)	(0.14)	0.02	0.69	(0.61)	1.09	(1.16)	2.76

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