Crossamerica Partners Correlations

CAPL Stock

USD 24.33 0.44 1.84%

The current 90-days correlation between Crossamerica Partners and Delek Energy is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Crossamerica Partners moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crossamerica Partners LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Crossamerica Partners Correlation With Market

Significant diversification

The correlation between Crossamerica Partners LP and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crossamerica Partners LP 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 Crossamerica Partners LP. 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 Crossamerica Stock

0.66

IEP

Icahn Enterprises

Pair Corr

Moving against Crossamerica Stock

0.82	AMTX	Aemetis	Pair Corr
0.75	PARR	Par Pacific Holdings	Pair Corr
0.69	PTLE	PTL LTD Ordinary	Pair Corr
0.67	CLNE	Clean Energy Fuels	Pair Corr
0.64	DK	Delek Energy	Pair Corr
0.64	PBF	PBF Energy	Pair Corr
0.44	DINO	HF Sinclair Corp	Pair Corr
0.83	DMLP	Dorchester Minerals	Pair Corr
0.82	SM	SM Energy	Pair Corr
0.81	VIST	Vista Oil Gas	Pair Corr
0.74	EONR	EON Resources Symbol Change	Pair Corr
0.73	NE	Noble plc	Pair Corr
0.73	DLNG	Dynagas LNG Partners	Pair Corr
0.69	VTLE	Vital Energy	Pair Corr
0.69	EFXT	Enerflex	Pair Corr
0.66	VNOM	Viper Energy Ut	Pair Corr
0.65	HP	Helmerich and Payne	Pair Corr
0.63	PR	Permian Resources	Pair Corr
0.62	WFRD	Weatherford International	Pair Corr
0.59	TK	Teekay	Pair Corr
0.56	VTOL	Bristow Group	Pair Corr

Related Correlations Analysis

	DK	SUN	CVI	PSX	CSAN	PARR	VVV	DKL	PBF	DINO
DK		-0.34	0.32	-0.27	0.54	0.93	0.4	0.4	0.85	0.78	DK
SUN	-0.34		0.22	0.92	-0.48	-0.36	0.18	0.4	-0.47	-0.01	SUN
CVI	0.32	0.22		0.35	0.22	0.32	0.03	0.68	0.2	0.33	CVI
PSX	-0.27	0.92	0.35		-0.37	-0.28	0.17	0.39	-0.48	0.08	PSX
CSAN	0.54	-0.48	0.22	-0.37		0.47	0.05	0.14	0.43	0.33	CSAN
PARR	0.93	-0.36	0.32	-0.28	0.47		0.37	0.31	0.91	0.81	PARR
VVV	0.4	0.18	0.03	0.17	0.05	0.37		0.01	0.34	0.69	VVV
DKL	0.4	0.4	0.68	0.39	0.14	0.31	0.01		0.21	0.25	DKL
PBF	0.85	-0.47	0.2	-0.48	0.43	0.91	0.34	0.21		0.67	PBF
DINO	0.78	-0.01	0.33	0.08	0.33	0.81	0.69	0.25	0.67		DINO
	DK	SUN	CVI	PSX	CSAN	PARR	VVV	DKL	PBF	DINO

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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

PARR	+ 0.93	DK
PSX	+ 0.92	SUN
PBF	+ 0.91	PARR
PBF	+ 0.85	DK
DINO	+ 0.81	PARR
DINO	+ 0.78	DK

High negative correlations

PBF	- 0.48	PSX
CSAN	- 0.48	SUN
PBF	- 0.47	SUN
CSAN	- 0.37	PSX
PARR	- 0.36	SUN
SUN	- 0.34	DK

Risk-Adjusted Indicators

There is a big difference between Crossamerica Stock performing well and Crossamerica Partners 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 Crossamerica Partners' 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
DK	2.53	0.00	0.00	(0.01)	3.27	(2.54)	4.84	(5.02)	16.57
SUN	0.92	0.22	0.17	0.48	1.00	(0.93)	2.39	(1.94)	5.34
CVI	2.23	0.15	0.05	2.37	2.75	(2.15)	5.07	(4.18)	12.26
PSX	1.36	0.21	0.13	0.24	1.45	(1.48)	3.44	(2.45)	8.50
CSAN	2.64	0.05	0.02	0.06	3.09	(2.96)	6.31	(5.48)	15.34
PARR	2.51	(0.18)	0.00	(0.12)	0.00	0.00	4.89	(5.53)	16.24
VVV	1.30	(0.05)	0.00	(0.06)	0.00	0.00	2.06	(2.98)	11.31
DKL	1.02	0.18	0.15	0.32	0.95	(1.11)	2.92	(1.98)	6.06
PBF	2.66	(0.40)	0.00	(0.50)	0.00	0.00	5.31	(5.39)	22.28
DINO	1.79	(0.01)	0.00	(0.01)	2.28	(1.98)	3.90	(4.00)	12.94

Crossamerica Partners Corporate Management

Jonathan Benfield	Principal Financial Officer, Chief Accounting Officer of CrossAmerica GP LLC	Profile
Tracy Derstine	Executive Resources	Profile
David Sheaffer	Principal Accounting Officer of CrossAmerica GP LLC	Profile
Matthew Naylor	Senior Retail	Profile

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