Epsilon Energy Correlations

EPSN Stock

USD 5.78 0.01 0.17%

The current 90-days correlation between Epsilon Energy and PHX Minerals is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Epsilon Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Epsilon Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Epsilon Energy Correlation With Market

Significant diversification

The correlation between Epsilon Energy and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Epsilon 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 Epsilon 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 state.

To learn how to invest in Epsilon Stock, please use our How to Invest in Epsilon Energy guide.

Moving together with Epsilon Stock

0.67	DMLP	Dorchester Minerals	Pair Corr
0.61	BSM	Black Stone Minerals	Pair Corr
0.81	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.66	CRK	Comstock Resources	Pair Corr
0.76	EXE	Expand Energy Symbol Change	Pair Corr
0.75	HES	Hess	Pair Corr
0.78	KRP	Kimbell Royalty Partners	Pair Corr
0.67	MGY	Magnolia Oil Gas	Pair Corr

Moving against Epsilon Stock

0.47	BRN	Barnwell Industries	Pair Corr
0.41	BRY	Berry Petroleum Corp	Pair Corr
0.43	REI	Ring Energy	Pair Corr
0.39	MUR	Murphy Oil Fiscal Year End 23rd of January 2025	Pair Corr
0.34	MNR	Mach Natural Resources	Pair Corr

Related Correlations Analysis

	EGY	ESTE	PHX	NOG	GRNT	SBOW	GPOR	NRT	GPRK	CRGY
EGY		-0.49	-0.32	0.06	-0.01	0.12	-0.32	0.71	0.41	-0.23	EGY
ESTE	-0.49		0.48	0.6	0.57	-0.32	0.62	-0.72	0.37	0.62	ESTE
PHX	-0.32	0.48		0.51	0.22	-0.32	0.51	-0.43	0.23	0.65	PHX
NOG	0.06	0.6	0.51		0.79	-0.27	0.76	-0.5	0.69	0.9	NOG
GRNT	-0.01	0.57	0.22	0.79		-0.27	0.77	-0.49	0.5	0.63	GRNT
SBOW	0.12	-0.32	-0.32	-0.27	-0.27		-0.31	0.14	-0.33	-0.15	SBOW
GPOR	-0.32	0.62	0.51	0.76	0.77	-0.31		-0.68	0.34	0.79	GPOR
NRT	0.71	-0.72	-0.43	-0.5	-0.49	0.14	-0.68		0.01	-0.69	NRT
GPRK	0.41	0.37	0.23	0.69	0.5	-0.33	0.34	0.01		0.46	GPRK
CRGY	-0.23	0.62	0.65	0.9	0.63	-0.15	0.79	-0.69	0.46		CRGY
	EGY	ESTE	PHX	NOG	GRNT	SBOW	GPOR	NRT	GPRK	CRGY

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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

CRGY	+ 0.9	NOG
GRNT	+ 0.79	NOG
CRGY	+ 0.79	GPOR
GPOR	+ 0.77	GRNT
GPOR	+ 0.76	NOG
NRT	+ 0.71	EGY

High negative correlations

NRT	- 0.72	ESTE
CRGY	- 0.69	NRT
NRT	- 0.68	GPOR
NRT	- 0.5	NOG
NRT	- 0.49	GRNT
ESTE	- 0.49	EGY

Risk-Adjusted Indicators

There is a big difference between Epsilon Stock performing well and Epsilon 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 Epsilon 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
EGY	2.03	(0.49)	0.00	(0.23)	0.00	0.00	2.93	(3.96)	11.20
ESTE	2.25	0.12	0.01	0.52	2.66	(2.41)	4.37	(4.80)	10.76
PHX	1.14	0.20	0.05	6.68	1.38	(1.47)	2.19	(1.75)	13.02
NOG	1.59	(0.05)	0.01	0.09	2.04	(1.60)	3.40	(3.69)	12.96
GRNT	1.49	(0.10)	(0.05)	0.02	1.86	(1.62)	2.68	(3.47)	8.08
SBOW	1.58	0.22	0.06	2.44	1.86	(1.98)	3.59	(2.41)	15.61
GPOR	1.37	0.17	0.17	0.23	1.01	(1.69)	4.38	(1.96)	11.52
NRT	2.20	(0.43)	0.00	(0.41)	0.00	0.00	4.94	(4.33)	21.32
GPRK	2.03	(0.17)	0.00	(0.11)	0.00	0.00	4.46	(3.58)	11.99
CRGY	1.99	0.31	0.11	0.50	2.23	(2.35)	3.79	(3.20)	17.80

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