Alliance Resource Correlations
| ARLP Stock | USD 26.50 0.06 0.23% |
The current 90-days correlation between Alliance Resource and Peabody Energy Corp is 0.31 (i.e., Weak diversification). The correlation of Alliance Resource 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.
Alliance Resource Correlation With Market
Average diversification
The correlation between Alliance Resource Partners and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alliance Resource Partners and DJI in the same portfolio, assuming nothing else is changed.
Alliance |
Moving together with Alliance Stock
| 0.74 | DINO | HF Sinclair Corp | PairCorr |
| 0.78 | ET | Energy Transfer LP | PairCorr |
| 0.7 | PR | Permian Resources | PairCorr |
| 0.71 | SD | SandRidge Energy | PairCorr |
| 0.63 | SU | Suncor Energy | PairCorr |
| 0.65 | VTLE | Vital Energy | PairCorr |
| 0.64 | EONR | EON Resources Symbol Change | PairCorr |
| 0.64 | FANG | Diamondback Energy | PairCorr |
| 0.61 | WTTR | Select Energy Services | PairCorr |
Moving against Alliance Stock
Related Correlations Analysis
| 0.33 | 0.49 | -0.77 | 0.0 | 0.66 | 0.75 | BTU | ||
| 0.33 | 0.45 | 0.0 | 0.0 | 0.02 | 0.15 | NRP | ||
| 0.49 | 0.45 | -0.04 | 0.0 | 0.3 | 0.22 | HNRG | ||
| -0.77 | 0.0 | -0.04 | 0.0 | -0.53 | -0.68 | NC | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CEIX | ||
| 0.66 | 0.02 | 0.3 | -0.53 | 0.0 | 0.46 | ITAYY | ||
| 0.75 | 0.15 | 0.22 | -0.68 | 0.0 | 0.46 | ADOOY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alliance Stock performing well and Alliance Resource 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 Alliance Resource'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BTU | 2.71 | (0.51) | 0.00 | (1.33) | 0.00 | 5.11 | 15.96 | |||
| NRP | 1.76 | 0.12 | 0.05 | 0.11 | 2.45 | 3.35 | 16.97 | |||
| HNRG | 3.28 | 0.35 | 0.05 | 1.04 | 6.37 | 7.25 | 35.25 | |||
| NC | 1.10 | 0.27 | 0.20 | 0.98 | 1.11 | 2.85 | 7.20 | |||
| CEIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ITAYY | 0.98 | (0.21) | 0.00 | (1.05) | 0.00 | 0.00 | 27.36 | |||
| ADOOY | 3.15 | (0.61) | 0.00 | 0.62 | 0.00 | 5.24 | 36.68 |
Alliance Resource Corporate Management
| Steven Schnitzer | General VP | Profile | |
| Kirk Tholen | LLC Minerals | Profile | |
| Mark Watson | Senior Technology | Profile | |
| Megan Cordle | Controller VP | Profile | |
| Andrew Woodward | LLC GP | Profile |