Vaalco Energy Correlations

EGY Stock

USD 3.94 0.09 2.23%

The current 90-days correlation between Vaalco Energy and Gran Tierra Energy is 0.35 (i.e., Weak diversification). The correlation of Vaalco 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.

Vaalco Energy Correlation With Market

Modest diversification

The correlation between Vaalco Energy and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vaalco Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Vaalco Energy. 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.

For more information on how to buy Vaalco Stock please use our How to Invest in Vaalco Energy guide.

Moving together with Vaalco Stock

0.65	PR	Permian Resources	Pair Corr
0.74	SM	SM Energy	Pair Corr
0.7	DMLP	Dorchester Minerals	Pair Corr
0.8	VIST	Vista Oil Gas	Pair Corr
0.61	VTLE	Vital Energy	Pair Corr
0.61	FANG	Diamondback Energy	Pair Corr
0.67	APA	APA Corporation	Pair Corr
0.71	BTE	Baytex Energy Corp Aggressive Push	Pair Corr
0.71	CNQ	Canadian Natural Res	Pair Corr
0.64	COP	ConocoPhillips	Pair Corr
0.85	CRC	California Resources Corp	Pair Corr
0.61	DEC	Diversified Energy	Pair Corr
0.63	EPM	Evolution Petroleum	Pair Corr
0.67	GFR	Greenfire Resources	Pair Corr
0.72	GTE	Gran Tierra Energy	Pair Corr
0.69	HPK	Highpeak Energy Acqu	Pair Corr
0.65	KOS	Kosmos Energy	Pair Corr
0.69	KRP	Kimbell Royalty Partners	Pair Corr
0.69	MGY	Magnolia Oil Gas	Pair Corr

Moving against Vaalco Stock

0.38

EPSN

Epsilon Energy

Pair Corr

Related Correlations Analysis

	EPSN	ESTE	PHX	NOG	CPE	GTE	PR	PED	REI	SWN
EPSN		0.0	0.12	-0.47	0.0	-0.38	-0.16	-0.07	-0.24	0.0	EPSN
ESTE	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	ESTE
PHX	0.12	0.0		0.25	0.0	0.1	0.46	0.31	0.46	0.0	PHX
NOG	-0.47	0.0	0.25		0.0	0.88	0.89	0.8	0.9	0.0	NOG
CPE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CPE
GTE	-0.38	0.0	0.1	0.88	0.0		0.7	0.7	0.78	0.0	GTE
PR	-0.16	0.0	0.46	0.89	0.0	0.7		0.87	0.91	0.0	PR
PED	-0.07	0.0	0.31	0.8	0.0	0.7	0.87		0.86	0.0	PED
REI	-0.24	0.0	0.46	0.9	0.0	0.78	0.91	0.86		0.0	REI
SWN	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SWN
	EPSN	ESTE	PHX	NOG	CPE	GTE	PR	PED	REI	SWN

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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	NOG
PR	+ 0.89	NOG
GTE	+ 0.88	NOG
PED	+ 0.87	PR
REI	+ 0.86	PED

High negative correlations

NOG	- 0.47	EPSN
GTE	- 0.38	EPSN
REI	- 0.24	EPSN
PR	- 0.16	EPSN
PED	- 0.07	EPSN
SWN	- 0.0	REI

Risk-Adjusted Indicators

There is a big difference between Vaalco Stock performing well and Vaalco 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 Vaalco 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
EPSN	1.70	0.35	0.18	0.97	1.79	(1.92)	5.04	(3.75)	10.87
ESTE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PHX	1.65	0.15	0.11	0.30	1.70	(2.01)	3.49	(3.12)	8.97
NOG	1.79	(0.36)	0.00	(0.57)	0.00	0.00	2.70	(3.78)	12.54
CPE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GTE	2.77	(0.30)	0.00	(0.45)	0.00	0.00	6.02	(5.73)	18.85
PR	1.70	0.01	0.00	(0.06)	0.00	0.00	3.91	(3.65)	12.33
PED	2.48	(0.04)	0.00	(0.14)	0.00	0.00	5.33	(6.25)	18.01
REI	2.29	(0.12)	0.00	(0.26)	0.00	0.00	4.23	(5.22)	13.07
SWN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Vaalco Energy Corporate Management

Thor Pruckl	Chief Officer	Profile
Lisa Ruiz	Vice Resources	Profile
Catherine Stubbs	Independent Director	Profile
David DesAutels	Executive Vice President Corporate Development	Profile

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