Phillips Correlations

PSX Stock

USD 125.90 0.72 0.58%

The current 90-days correlation between Phillips 66 and Marathon Petroleum Corp is 0.84 (i.e., Very poor diversification). The correlation of Phillips 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.

Phillips Correlation With Market

Very weak diversification

The correlation between Phillips 66 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 Phillips 66 and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phillips 66. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Phillips Stock

0.95	DINO	HF Sinclair Corp	Pair Corr
0.9	DK	Delek Energy	Pair Corr
0.94	CVI	CVR Energy	Pair Corr
0.88	DKL	Delek Logistics Partners	Pair Corr
0.67	IEP	Icahn Enterprises	Pair Corr
0.97	MPC	Marathon Petroleum Corp	Pair Corr
0.92	PBF	PBF Energy	Pair Corr
0.98	VLO	Valero Energy Earnings Call This Week	Pair Corr
0.76	VVV	Valvoline	Pair Corr
0.94	WKC	World Kinect Earnings Call This Week	Pair Corr
0.91	PARR	Par Pacific Holdings	Pair Corr
0.81	AMTX	Aemetis	Pair Corr
0.97	CLNE	Clean Energy Fuels	Pair Corr
0.9	E	Eni SpA ADR Earnings Call This Week	Pair Corr
0.92	BP	BP PLC ADR	Pair Corr
0.64	EC	Ecopetrol SA ADR	Pair Corr
0.73	ET	Energy Transfer LP	Pair Corr
0.88	NE	Noble plc	Pair Corr
0.91	PR	Permian Resources	Pair Corr
0.8	SD	SandRidge Energy	Pair Corr
0.86	SM	SM Energy	Pair Corr
0.81	SU	Suncor Energy Earnings Call This Week	Pair Corr
0.88	TK	Teekay	Pair Corr
0.86	TS	Tenaris SA ADR	Pair Corr
0.7	DLNG	Dynagas LNG Partners	Pair Corr

Moving against Phillips Stock

0.7	SGU	Star Gas Partners	Pair Corr
0.64	CAPL	Crossamerica Partners	Pair Corr
0.63	PTLE	PTL LTD Ordinary	Pair Corr
0.54	SUN	Sunoco LP	Pair Corr
0.65	ANNAW	AleAnna, Warrant	Pair Corr
0.59	DNOW	Now Inc	Pair Corr
0.57	HP	Helmerich and Payne Earnings Call This Week	Pair Corr
0.44	DMLP	Dorchester Minerals	Pair Corr
0.44	FLOC	Flowco Holdings	Pair Corr
0.43	VIVK	Vivakor	Pair Corr
0.31	EONR	EON Resources Symbol Change	Pair Corr

Related Correlations Analysis

	DINO	DKL	IEP	MPC	PBF	SGU	SUN
DINO		0.93	0.56	0.97	0.92	-0.81	-0.69	DINO
DKL	0.93		0.52	0.94	0.85	-0.81	-0.71	DKL
IEP	0.56	0.52		0.61	0.73	-0.27	-0.17	IEP
MPC	0.97	0.94	0.61		0.91	-0.76	-0.62	MPC
PBF	0.92	0.85	0.73	0.91		-0.62	-0.56	PBF
SGU	-0.81	-0.81	-0.27	-0.76	-0.62		0.71	SGU
SUN	-0.69	-0.71	-0.17	-0.62	-0.56	0.71		SUN
	DINO	DKL	IEP	MPC	PBF	SGU	SUN

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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

MPC	+ 0.97	DINO
MPC	+ 0.94	DKL
DKL	+ 0.93	DINO
PBF	+ 0.92	DINO
PBF	+ 0.91	MPC
PBF	+ 0.85	DKL

High negative correlations

SGU	- 0.81	DKL
SGU	- 0.81	DINO
SGU	- 0.76	MPC
SUN	- 0.71	DKL
SUN	- 0.69	DINO
SGU	- 0.62	PBF

Risk-Adjusted Indicators

There is a big difference between Phillips Stock performing well and Phillips 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 Phillips' 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
DINO	1.56	0.66	0.37	1.60	1.00	(1.89)	3.98	(2.10)	7.72
DKL	1.15	0.38	0.15	(2.40)	1.09	(1.28)	2.60	(2.19)	7.71
IEP	1.63	0.18	0.05	0.57	1.70	(1.76)	4.13	(3.20)	8.82
MPC	1.24	0.44	0.25	0.85	0.94	(1.37)	2.97	(2.29)	7.90
PBF	3.03	0.84	0.17	(4.10)	3.57	(3.28)	7.00	(6.34)	18.65
SGU	0.90	(0.16)	0.00	(0.40)	0.00	0.00	1.97	(1.95)	5.53
SUN	1.39	(0.08)	0.00	(0.02)	0.00	0.00	3.17	(2.53)	8.99

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