Battalion Oil Correlations

BATL Stock

USD 3.30 0.16 4.62%

The current 90-days correlation between Battalion Oil Corp and Epsilon Energy is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Battalion Oil moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Battalion Oil Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Battalion Oil Correlation With Market

Significant diversification

The correlation between Battalion Oil Corp and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Battalion Oil Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Battalion Oil Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Battalion Stock

0.69

EPSN

Epsilon Energy

Pair Corr

Moving against Battalion Stock

0.4	VTLE	Vital Energy	Pair Corr
0.32	HPK	Highpeak Energy Acqu	Pair Corr
0.37	MNR	Mach Natural Resources Earnings Call This Week	Pair Corr
0.31	MUR	Murphy Oil Fiscal Year End 23rd of January 2025	Pair Corr
0.31	REI	Ring Energy	Pair Corr

Related Correlations Analysis

	EPSN	CZWI	PPIH	AINC	AMPY
EPSN		0.52	0.65	0.3	0.47	EPSN
CZWI	0.52		0.82	0.68	0.13	CZWI
PPIH	0.65	0.82		0.55	0.26	PPIH
AINC	0.3	0.68	0.55		-0.1	AINC
AMPY	0.47	0.13	0.26	-0.1		AMPY
	EPSN	CZWI	PPIH	AINC	AMPY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

PPIH	+ 0.82	CZWI
AINC	+ 0.68	CZWI
PPIH	+ 0.65	EPSN
AINC	+ 0.55	PPIH
CZWI	+ 0.52	EPSN
AMPY	+ 0.47	EPSN

High negative correlations

AMPY

- 0.1

AINC

Risk-Adjusted Indicators

There is a big difference between Battalion Stock performing well and Battalion Oil 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 Battalion Oil'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
EPSN	1.90	0.14	0.01	2.50	2.30	(2.05)	4.46	(3.74)	11.32
CZWI	0.89	0.24	0.15	0.68	0.72	(1.05)	2.54	(1.71)	5.36
PPIH	2.62	0.50	0.20	0.59	2.17	(3.29)	9.47	(3.61)	23.47
AINC	0.37	0.05	(0.15)	1.45	0.35	(0.44)	1.03	(0.83)	2.27
AMPY	1.85	(0.19)	0.00	(0.06)	0.00	0.00	3.02	(3.88)	11.00

Battalion Oil Corporate Management

Walter Mayer	General VP	Profile
Richard PE	CEO Director	Profile
Grant Evans	VP Geoscience	Profile
JohnDavis Rutkauskas	Director Relations	Profile
Kevin Andrews	CFO VP	Profile
Leah Kasparek	Sr Sec	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC