USA Compression Correlations

USAC Stock

USD 23.75 0.38 1.57%

The current 90-days correlation between USA Compression Partners and Kodiak Gas Services, is 0.24 (i.e., Modest diversification). The correlation of USA Compression 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.

USA Compression Correlation With Market

Weak diversification

The correlation between USA Compression Partners and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding USA Compression Partners and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with USA Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in USA Compression Partners. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with USA Stock

0.62

TDW

Tidewater

Pair Corr

Moving against USA Stock

0.64	002443	Zhejiang Kingland	Pair Corr
0.59	TTI	Tetra Technologies	Pair Corr
0.54	AVAL	Grupo Aval Earnings Call This Week	Pair Corr
0.5	BCH	Banco De Chile	Pair Corr
0.43	CLB	Core Laboratories	Pair Corr
0.43	BAC-PL	Bank of America	Pair Corr
0.36	FNMFO	Federal National Mortgage	Pair Corr
0.36	WFC-PL	Wells Fargo	Pair Corr
0.35	HLX	Helix Energy Solutions	Pair Corr
0.32	PUMP	ProPetro Holding Corp	Pair Corr
0.31	002108	Cangzhou Mingzhu Plastic	Pair Corr
0.7	UEC	Uranium Energy Corp	Pair Corr
0.7	PATH	Uipath Inc	Pair Corr
0.65	CLSK	CleanSpark	Pair Corr
0.61	SSLLF	Siltronic AG	Pair Corr
0.57	BMXC	Bemax Inc	Pair Corr
0.55	CVI	CVR Energy	Pair Corr
0.53	NEE	Nextera Energy	Pair Corr
0.53	BLNK	Blink Charging	Pair Corr
0.51	DRDGF	Drdgold	Pair Corr
0.5	PLG	Platinum Group Metals	Pair Corr
0.48	INVX	Innovex International,	Pair Corr
0.48	CGUD	Com GuardCom	Pair Corr
0.48	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr

Related Correlations Analysis

	KGS	TDW	LBRT	WHD	OII	BSM	KNTK	CIVI	INSW	HP
KGS		-0.16	0.25	0.32	0.3	0.22	0.0	0.04	0.13	0.33	KGS
TDW	-0.16		-0.73	0.43	0.3	-0.49	0.7	0.75	-0.3	-0.68	TDW
LBRT	0.25	-0.73		0.11	-0.18	0.57	-0.5	-0.77	0.62	0.76	LBRT
WHD	0.32	0.43	0.11		0.3	0.02	0.37	0.1	0.46	0.1	WHD
OII	0.3	0.3	-0.18	0.3		0.33	0.56	0.49	0.38	0.23	OII
BSM	0.22	-0.49	0.57	0.02	0.33		-0.11	-0.29	0.66	0.76	BSM
KNTK	0.0	0.7	-0.5	0.37	0.56	-0.11		0.58	-0.05	-0.43	KNTK
CIVI	0.04	0.75	-0.77	0.1	0.49	-0.29	0.58		-0.41	-0.51	CIVI
INSW	0.13	-0.3	0.62	0.46	0.38	0.66	-0.05	-0.41		0.79	INSW
HP	0.33	-0.68	0.76	0.1	0.23	0.76	-0.43	-0.51	0.79		HP
	KGS	TDW	LBRT	WHD	OII	BSM	KNTK	CIVI	INSW	HP

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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

HP	+ 0.79	INSW
HP	+ 0.76	LBRT
HP	+ 0.76	BSM
CIVI	+ 0.75	TDW
KNTK	+ 0.7	TDW
INSW	+ 0.66	BSM

High negative correlations

CIVI	- 0.77	LBRT
LBRT	- 0.73	TDW
HP	- 0.68	TDW
HP	- 0.51	CIVI
KNTK	- 0.5	LBRT
BSM	- 0.49	TDW

Risk-Adjusted Indicators

There is a big difference between USA Stock performing well and USA Compression 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 USA Compression'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
KGS	1.78	0.04	0.01	0.13	2.29	(2.04)	3.44	(4.27)	11.53
TDW	2.03	(0.18)	0.00	(0.09)	0.00	0.00	3.90	(4.10)	11.31
LBRT	2.96	0.90	0.27	(0.91)	2.29	(4.00)	7.31	(4.06)	35.71
WHD	2.00	(0.03)	0.03	0.08	2.23	(2.31)	4.85	(4.22)	14.50
OII	1.62	(0.03)	0.00	0.07	2.08	(1.73)	3.74	(3.64)	9.89
BSM	1.01	0.09	0.05	0.21	1.08	(1.17)	2.16	(1.68)	6.04
KNTK	1.96	(0.35)	0.00	(0.14)	0.00	0.00	4.08	(3.50)	14.81
CIVI	2.56	(0.21)	0.00	(0.06)	0.00	0.00	4.98	(4.97)	19.55
INSW	1.61	0.33	0.15	1.29	1.46	(1.82)	4.27	(2.48)	9.04
HP	2.10	0.68	0.31	0.60	1.75	(2.54)	4.98	(3.25)	14.13

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