Genesis Energy Correlations

GEL Stock

USD 15.46 0.41 2.72%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Genesis Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genesis Energy LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Genesis Energy Correlation With Market

Average diversification

The correlation between Genesis Energy LP and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genesis Energy LP and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genesis Energy 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 income.

Moving together with Genesis Stock

0.86	AM	Antero Midstream Partners	Pair Corr
0.67	CQP	Cheniere Energy Partners	Pair Corr
0.67	EPD	Enterprise Products	Pair Corr
0.77	PBA	Pembina Pipeline Corp	Pair Corr
0.86	GLOP-PB	GasLog Partners LP	Pair Corr
0.68	GLOP-PA	GasLog Partners LP	Pair Corr
0.88	GLOP-PC	GasLog Partners LP	Pair Corr
0.76	HESM	Hess Midstream Partners	Pair Corr
0.63	SEAL-PA	Seapeak LLC	Pair Corr

Moving against Genesis Stock

0.79	DLNG	Dynagas LNG Partners	Pair Corr
0.67	VNOM	Viper Energy Ut	Pair Corr
0.59	EE	Excelerate Energy	Pair Corr
0.54	DTM	DT Midstream	Pair Corr
0.38	ET	Energy Transfer LP	Pair Corr
0.34	TK	Teekay	Pair Corr
0.72	PBT	Permian Basin Royalty	Pair Corr
0.57	LPG	Dorian LPG	Pair Corr
0.48	NGL	NGL Energy Partners	Pair Corr
0.46	OKE	ONEOK Inc	Pair Corr
0.45	TEN	Tsakos Energy Navigation Symbol Change	Pair Corr
0.37	TNK	Teekay Tankers	Pair Corr
0.76	GLNG	Golar LNG Limited	Pair Corr
0.75	IMPP	Imperial Petroleum	Pair Corr
0.64	NVGS	Navigator Holdings	Pair Corr
0.54	KNTK	Kinetik Holdings	Pair Corr
0.33	INSW	International Seaways	Pair Corr

Related Correlations Analysis

	SMLP	BROG	GPP	HEP	PAA	NS	WES	HESM	CEQP	MPLX
SMLP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SMLP
BROG	0.0		0.0	0.0	-0.65	0.0	-0.53	-0.6	0.0	-0.52	BROG
GPP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GPP
HEP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HEP
PAA	0.0	-0.65	0.0	0.0		0.0	0.88	0.9	0.0	0.87	PAA
NS	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NS
WES	0.0	-0.53	0.0	0.0	0.88	0.0		0.85	0.0	0.76	WES
HESM	0.0	-0.6	0.0	0.0	0.9	0.0	0.85		0.0	0.91	HESM
CEQP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CEQP
MPLX	0.0	-0.52	0.0	0.0	0.87	0.0	0.76	0.91	0.0		MPLX
	SMLP	BROG	GPP	HEP	PAA	NS	WES	HESM	CEQP	MPLX

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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

MPLX	+ 0.91	HESM
HESM	+ 0.9	PAA
WES	+ 0.88	PAA
MPLX	+ 0.87	PAA
HESM	+ 0.85	WES
MPLX	+ 0.76	WES

High negative correlations

PAA	- 0.65	BROG
HESM	- 0.6	BROG
WES	- 0.53	BROG
MPLX	- 0.52	BROG
MPLX	- 0.0	CEQP
CEQP	- 0.0	HESM

Risk-Adjusted Indicators

There is a big difference between Genesis Stock performing well and Genesis 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 Genesis 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
SMLP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BROG	4.82	(0.20)	0.00	(0.52)	0.00	0.00	9.01	(12.59)	36.49
GPP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HEP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAA	1.24	0.24	0.17	0.31	1.43	(1.34)	2.54	(2.69)	10.03
NS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WES	1.33	0.14	0.10	0.14	1.47	(1.43)	2.77	(2.50)	7.33
HESM	1.27	0.30	0.19	0.46	1.31	(1.26)	2.60	(2.51)	6.71
CEQP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MPLX	1.12	0.22	0.19	0.25	1.11	(1.37)	2.48	(2.19)	5.75

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