Crescent Energy Correlations

CRGY Stock

USD 12.79 0.68 5.05%

The current 90-days correlation between Crescent Energy and Vital Energy is 0.3 (i.e., Weak 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

Modest diversification

The correlation between Crescent Energy Co and DJI is 0.23 (i.e., Modest 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

0.78	EQNR	Equinor ASA ADR	Pair Corr
0.72	CGBSW	Crown LNG Holdings	Pair Corr
0.8	CGBS	Crown LNG Holdings	Pair Corr
0.69	DK	Delek Energy Buyout Trend	Pair Corr
0.61	ET	Energy Transfer LP	Pair Corr
0.65	NE	Noble plc	Pair Corr
0.75	PR	Permian Resources	Pair Corr
0.8	SD	SandRidge Energy Earnings Call This Week	Pair Corr
0.69	TK	Teekay	Pair Corr

Moving against Crescent Stock

0.62

ENLC

EnLink Midstream LLC

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		0.66	0.36	0.51	0.0	0.57	0.39	0.27	0.49	VTLE
PR	0.0	0.66		0.83	0.88	0.0	0.13	0.59	0.31	0.41	PR
MGY	0.0	0.36	0.83		0.89	0.0	-0.27	0.46	0.24	0.07	MGY
REI	0.0	0.51	0.88	0.89		0.0	-0.1	0.71	0.37	0.18	REI
ESTE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ESTE
CRK	0.0	0.57	0.13	-0.27	-0.1	0.0		0.21	0.05	0.45	CRK
OBE	0.0	0.39	0.59	0.46	0.71	0.0	0.21		0.31	0.24	OBE
GPRK	0.0	0.27	0.31	0.24	0.37	0.0	0.05	0.31		0.03	GPRK
PNRG	0.0	0.49	0.41	0.07	0.18	0.0	0.45	0.24	0.03		PNRG
	SBOW	VTLE	PR	MGY	REI	ESTE	CRK	OBE	GPRK	PNRG

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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	+ 0.89	MGY
REI	+ 0.88	PR
MGY	+ 0.83	PR
OBE	+ 0.71	REI
PR	+ 0.66	VTLE
OBE	+ 0.59	PR

High negative correlations

CRK	- 0.27	MGY
CRK	- 0.1	REI
PNRG	- 0.0	ESTE
GPRK	- 0.0	ESTE
OBE	- 0.0	ESTE
CRK	- 0.0	ESTE

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	2.23	(0.16)	0.00	(0.16)	0.00	0.00	4.42	(4.82)	18.53
PR	1.52	(0.10)	0.00	(0.14)	0.00	0.00	2.56	(3.61)	9.17
MGY	1.42	(0.21)	0.00	(0.34)	0.00	0.00	2.31	(3.30)	7.66
REI	2.13	(0.25)	0.00	(0.46)	0.00	0.00	3.94	(4.73)	12.78
ESTE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRK	2.71	0.48	0.15	1.44	2.89	(2.88)	6.84	(4.49)	19.21
OBE	2.24	(0.07)	0.00	0.41	0.00	0.00	4.32	(3.50)	23.14
GPRK	2.78	0.07	0.02	0.15	2.97	(3.14)	7.32	(5.07)	15.41
PNRG	2.90	0.10	0.03	1.08	4.00	(3.19)	5.05	(6.23)	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

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