Hallador Energy Correlations
| HNRG Stock | USD 12.78 0.20 1.59% |
The current 90-days correlation between Hallador Energy and Natural Resource Partners is 0.16 (i.e., Average diversification). The correlation of Hallador 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.
Hallador Energy Correlation With Market
Significant diversification
The correlation between Hallador Energy and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hallador Energy and DJI in the same portfolio, assuming nothing else is changed.
Hallador |
Moving together with Hallador Stock
| 0.66 | DK | Delek Energy | PairCorr |
| 0.63 | HP | Helmerich and Payne | PairCorr |
| 0.64 | NE | Noble plc | PairCorr |
| 0.75 | PR | Permian Resources | PairCorr |
| 0.7 | SM | SM Energy | PairCorr |
| 0.66 | TS | Tenaris SA ADR | PairCorr |
| 0.61 | DMLP | Dorchester Minerals | PairCorr |
| 0.65 | VIST | Vista Oil Gas | PairCorr |
| 0.67 | VNOM | Viper Energy Ut | PairCorr |
| 0.67 | EFXT | Enerflex | PairCorr |
| 0.61 | WFRD | Weatherford International | PairCorr |
| 0.74 | FANG | Diamondback Energy | PairCorr |
Moving against Hallador Stock
Related Correlations Analysis
| 0.0 | 0.19 | -0.15 | -0.02 | 0.07 | 0.31 | NRP | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | CEIX | ||
| 0.19 | 0.0 | 0.31 | 0.03 | 0.18 | 0.09 | ADOOY | ||
| -0.15 | 0.0 | 0.31 | 0.17 | 0.24 | 0.1 | ARLP | ||
| -0.02 | 0.0 | 0.03 | 0.17 | -0.53 | -0.8 | NC | ||
| 0.07 | 0.0 | 0.18 | 0.24 | -0.53 | 0.66 | ITAYY | ||
| 0.31 | 0.0 | 0.09 | 0.1 | -0.8 | 0.66 | BTU | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Hallador Stock performing well and Hallador 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 Hallador 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NRP | 1.77 | 0.15 | 0.06 | 0.07 | 2.43 | 3.35 | 16.97 | |||
| CEIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ADOOY | 5.45 | 0.52 | 0.09 | (0.43) | 6.75 | 6.77 | 81.58 | |||
| ARLP | 1.35 | 0.07 | 0.06 | 0.30 | 1.95 | 2.94 | 10.41 | |||
| NC | 1.14 | 0.20 | 0.17 | 0.76 | 1.27 | 2.85 | 7.20 | |||
| ITAYY | 0.93 | (0.21) | 0.00 | 1.61 | 0.00 | 0.00 | 27.36 | |||
| BTU | 2.53 | (0.65) | 0.00 | (2.20) | 0.00 | 5.11 | 15.96 |
Hallador Energy Corporate Management
| CPA CPA | EVP CFO | Profile | |
| Heather CPA | Chief Power | Profile | |
| Marjorie Hargrave | Chief Officer | Profile | |
| Todd CPA | VP Officer | Profile | |
| Elliott Batson | Chief Officer | Profile |