Marathon Petroleum Correlations

MPN Stock

EUR 149.26 1.76 1.19%

The current 90-days correlation between Marathon Petroleum Corp and NXP Semiconductors NV is 0.36 (i.e., Weak diversification). The correlation of Marathon Petroleum 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.

Marathon Petroleum Correlation With Market

Very good diversification

The correlation between Marathon Petroleum Corp and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Marathon Petroleum Corp and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Marathon Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Marathon Petroleum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Marathon Petroleum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Marathon Petroleum Corp to buy it.

Moving together with Marathon Stock

0.81	RLI	Reliance Industries	Pair Corr
0.93	V1L	Valero Energy Earnings Call This Week	Pair Corr
0.93	R66	Phillips 66 Earnings Call This Week	Pair Corr
0.82	NEF	Neste Oyj Earnings Call This Week	Pair Corr
0.83	NEFA	NESTE OYJ UNSPADR Earnings Call This Week	Pair Corr
0.84	PKY1	Polski Koncern Naftowy	Pair Corr
0.78	SEBC	Skandinaviska Enskilda	Pair Corr
0.86	AG8	AGILENT TECH	Pair Corr
0.7	F1YN	Lundin Gold	Pair Corr
0.74	KGHA	KGHM Polska Miedz	Pair Corr
0.64	TDK	TDK Corporation	Pair Corr
0.83	1W3	WSP Global	Pair Corr
0.78	HEI	Heidelberg Materials	Pair Corr
0.78	FA2	FORWARD AIR P	Pair Corr
0.83	KOM1	Komatsu	Pair Corr
0.88	E908	Lyxor 1	Pair Corr

Moving against Marathon Stock

0.53	7F8	PTT OILRETBUS FOR	Pair Corr
0.87	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	8KH	M1W	LID	VNX	CC3	DT8A	US8	SMG
8KH		0.73	0.76	0.63	0.39	0.41	0.79	0.4	8KH
M1W	0.73		0.65	0.69	0.27	0.37	0.83	0.57	M1W
LID	0.76	0.65		0.89	0.78	0.75	0.69	0.73	LID
VNX	0.63	0.69	0.89		0.78	0.82	0.65	0.86	VNX
CC3	0.39	0.27	0.78	0.78		0.87	0.37	0.69	CC3
DT8A	0.41	0.37	0.75	0.82	0.87		0.35	0.74	DT8A
US8	0.79	0.83	0.69	0.65	0.37	0.35		0.5	US8
SMG	0.4	0.57	0.73	0.86	0.69	0.74	0.5		SMG
	8KH	M1W	LID	VNX	CC3	DT8A	US8	SMG

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Risk-Adjusted Indicators

There is a big difference between Marathon Stock performing well and Marathon Petroleum 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 Marathon Petroleum'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
8KH	1.95	0.46	0.11	(1.58)	2.03	(2.58)	5.81	(4.20)	13.21
M1W	3.40	0.65	0.09	(14.42)	3.54	(5.53)	8.51	(6.06)	30.92
LID	1.87	0.42	0.15	4.30	1.75	(2.12)	5.71	(3.47)	14.69
VNX	1.64	0.37	0.14	1.57	1.44	(2.33)	4.48	(2.54)	13.61
CC3	1.10	0.10	0.03	0.31	1.02	(1.47)	2.71	(2.08)	6.77
DT8A	1.41	0.25	0.08	8.02	1.24	(1.76)	3.10	(2.31)	7.44
US8	2.50	0.50	0.14	4.11	2.42	(3.11)	6.06	(4.32)	22.50
SMG	2.37	0.45	0.18	0.53	1.97	(3.30)	5.78	(3.95)	26.57

Be your own money manager

Our tools can tell you how much better you can do entering a position in Marathon Petroleum without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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