Crescent Energy Correlations

CRGY Stock

USD 11.46 0.19 1.63%

The current 90-days correlation between Crescent Energy and Vital Energy is 0.73 (i.e., Poor diversification). The correlation of Crescent Energy 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.

Crescent Energy Correlation With Market

Weak diversification

The correlation between Crescent Energy Co and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crescent Energy Co 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 Crescent Energy Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Crescent Stock

0.86	CVE	Cenovus Energy	Pair Corr
0.66	TGS	Transportadora de Gas	Pair Corr
0.74	YPF	YPF Sociedad Anonima	Pair Corr
0.61	CGBSW	Crown LNG Holdings	Pair Corr
0.85	SKYQ	Sky Quarry	Pair Corr
0.72	SLNG	Stabilis Solutions	Pair Corr
0.75	CGBS	Crown LNG Holdings	Pair Corr
0.8	DINO	HF Sinclair Corp	Pair Corr
0.87	DK	Delek Energy	Pair Corr
0.68	EE	Excelerate Energy	Pair Corr
0.78	ET	Energy Transfer LP	Pair Corr
0.8	HP	Helmerich and Payne	Pair Corr
0.94	NE	Noble plc	Pair Corr
0.91	PR	Permian Resources	Pair Corr
0.67	SD	SandRidge Energy	Pair Corr
0.96	SM	SM Energy	Pair Corr
0.72	TK	Teekay	Pair Corr
0.76	DLNG	Dynagas LNG Partners	Pair Corr
0.8	DMLP	Dorchester Minerals	Pair Corr
0.88	VIST	Vista Oil Gas	Pair Corr
0.84	VNOM	Viper Energy Ut	Pair Corr

Moving against Crescent Stock

0.46	NFG	National Fuel Gas	Pair Corr
0.43	AM	Antero Midstream Partners	Pair Corr
0.38	E	Eni SpA ADR	Pair Corr
0.37	TTE	TotalEnergies SE ADR	Pair Corr
0.35	SHEL	Shell PLC ADR	Pair Corr
0.33	EC	Ecopetrol SA ADR	Pair Corr
0.45	EPSN	Epsilon Energy	Pair Corr

Related Correlations Analysis

	SBOW	VTLE	PR	MGY	REI	ESTE	CRK	OBE	GPRK	PNRG
SBOW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SBOW
VTLE	0.0		0.87	0.49	0.9	0.0	0.34	0.41	0.79	0.37	VTLE
PR	0.0	0.87		0.75	0.91	0.0	0.57	0.62	0.77	0.59	PR
MGY	0.0	0.49	0.75		0.67	0.0	0.73	0.54	0.56	0.46	MGY
REI	0.0	0.9	0.91	0.67		0.0	0.51	0.66	0.87	0.42	REI
ESTE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ESTE
CRK	0.0	0.34	0.57	0.73	0.51	0.0		0.56	0.23	0.59	CRK
OBE	0.0	0.41	0.62	0.54	0.66	0.0	0.56		0.54	0.46	OBE
GPRK	0.0	0.79	0.77	0.56	0.87	0.0	0.23	0.54		0.21	GPRK
PNRG	0.0	0.37	0.59	0.46	0.42	0.0	0.59	0.46	0.21		PNRG
	SBOW	VTLE	PR	MGY	REI	ESTE	CRK	OBE	GPRK	PNRG

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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

REI	+ 0.91	PR
REI	+ 0.9	VTLE
PR	+ 0.87	VTLE
GPRK	+ 0.87	REI
GPRK	+ 0.79	VTLE
GPRK	+ 0.77	PR

High negative correlations

PNRG	- 0.0	ESTE
GPRK	- 0.0	ESTE
OBE	- 0.0	ESTE
CRK	- 0.0	ESTE
ESTE	- 0.0	REI
ESTE	- 0.0	MGY

Risk-Adjusted Indicators

There is a big difference between Crescent Stock performing well and Crescent Energy 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 Crescent Energy'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
SBOW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VTLE	2.58	(0.38)	0.00	(0.32)	0.00	0.00	4.42	(6.93)	18.53
PR	1.70	0.00	0.00	(0.06)	0.00	0.00	3.91	(3.65)	12.33
MGY	1.52	0.05	0.04	0.01	2.02	(1.54)	2.88	(3.30)	9.02
REI	2.33	(0.16)	0.00	(0.32)	0.00	0.00	4.23	(5.22)	13.07
ESTE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRK	2.84	0.35	0.10	0.60	3.59	(2.84)	6.33	(5.45)	21.33
OBE	2.41	0.14	0.06	0.42	3.10	(2.69)	5.08	(3.50)	23.14
GPRK	2.44	(0.39)	0.00	(0.78)	0.00	0.00	5.47	(5.28)	14.97
PNRG	2.68	0.31	0.10	0.33	3.01	(3.03)	5.43	(5.90)	23.58

Crescent Energy Corporate Management

Todd Falk	Chief Officer	Profile
Benjamin Conner	Ex Investments	Profile
Emily Newport	Investor Relations	Profile
John Rynd	Executive Investments	Profile
Bo Shi	General Secretary	Profile
David Rockecharlie	CEO Director	Profile
Brandi Kendall	CFO Director	Profile

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