Riley Exploration Correlations

REPX Stock

USD 26.68 0.28 1.06%

The current 90-days correlation between Riley Exploration Permian and Battalion Oil Corp is 0.03 (i.e., Significant diversification). The correlation of Riley Exploration 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.

Riley Exploration Correlation With Market

Weak diversification

The correlation between Riley Exploration Permian 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 Riley Exploration Permian 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 Riley Exploration Permian. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Riley Stock

0.73	PR	Permian Resources	Pair Corr
0.69	SD	SandRidge Energy	Pair Corr
0.64	SM	SM Energy Earnings Call This Week	Pair Corr
0.7	VTLE	Vital Energy	Pair Corr
0.73	FANG	Diamondback Energy	Pair Corr
0.7	APA	APA Corporation	Pair Corr
0.62	BKV	BKV Corporation	Pair Corr
0.63	BRY	Berry Petroleum Corp	Pair Corr
0.62	BTE	Baytex Energy Corp Earnings Call Today	Pair Corr
0.72	CNQ	Canadian Natural Res Earnings Call This Week	Pair Corr
0.62	CRC	California Resources Corp	Pair Corr
0.77	DVN	Devon Energy	Pair Corr
0.71	HPK	Highpeak Energy Acqu	Pair Corr
0.68	KOS	Kosmos Energy	Pair Corr
0.72	MGY	Magnolia Oil Gas Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BATL	EPM	GPRK	HPK	MGY
BATL		0.47	0.6	0.46	0.51	BATL
EPM	0.47		0.75	0.58	0.9	EPM
GPRK	0.6	0.75		0.6	0.79	GPRK
HPK	0.46	0.58	0.6		0.58	HPK
MGY	0.51	0.9	0.79	0.58		MGY
	BATL	EPM	GPRK	HPK	MGY

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Risk-Adjusted Indicators

There is a big difference between Riley Stock performing well and Riley Exploration 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 Riley Exploration'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
BATL	4.49	0.80	0.06	(0.31)	5.67	(5.47)	8.00	(7.98)	88.71
EPM	1.52	0.28	0.03	(1.15)	1.75	(1.65)	3.06	(3.14)	8.70
GPRK	2.52	0.24	(0.01)	(0.26)	2.55	(2.92)	5.06	(4.49)	13.48
HPK	3.03	(0.15)	0.00	(0.05)	0.00	0.00	7.08	(6.64)	18.11
MGY	1.67	0.23	0.01	(0.71)	1.64	(2.03)	3.19	(3.56)	8.87

Riley Exploration Corporate Management

Bobby Riley	CEO Chairman	Profile
Philip Riley	CFO Strategy	Profile
Beth Esq	Corporate Counsel	Profile
Jeffrey Gutman	Chief Officer	Profile
Kevin Riley	President	Profile
Corey Riley	Executive Intelligence	Profile
John Suter	Chief Officer	Profile

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