| TALO Stock | | | USD 8.50 0.01 0.12% |
The current 90-days correlation between Talos Energy and Frontera Energy Corp is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Talos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Talos Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Talos Energy Correlation With Market
Significant diversification
The correlation between Talos Energy and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Talos Energy and DJI in the same portfolio, assuming nothing else is changed.
Check out
World Market Map to better understand how to build diversified portfolios, which includes a position in Talos Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in bureau of economic analysis.
To learn how to invest in Talos Stock, please use our
How to Invest in Talos Energy guide.