HighPeak Energy Correlations

HPKEW Stock

USD 1.52 0.36 19.15%

The correlation of HighPeak 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.

HighPeak Energy Correlation With Market

Significant diversification

The correlation between HighPeak Energy and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HighPeak Energy 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 HighPeak 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 income.

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

Moving together with HighPeak Stock

0.74	PR	Permian Resources	Pair Corr
0.78	SM	SM Energy	Pair Corr
0.75	DMLP	Dorchester Minerals	Pair Corr
0.88	VIST	Vista Oil Gas	Pair Corr
0.8	VTLE	Vital Energy	Pair Corr
0.74	EONR	EON Resources Symbol Change	Pair Corr
0.73	FANG	Diamondback Energy	Pair Corr
0.81	APA	APA Corporation	Pair Corr
0.82	BKV	BKV Corporation	Pair Corr
0.8	BRY	Berry Petroleum Corp	Pair Corr
0.81	BTE	Baytex Energy Corp Aggressive Push	Pair Corr
0.65	CNQ	Canadian Natural Res	Pair Corr
0.65	CRC	California Resources Corp	Pair Corr
0.9	DEC	Diversified Energy	Pair Corr
0.64	EPM	Evolution Petroleum	Pair Corr
0.96	GFR	Greenfire Resources	Pair Corr
0.71	GTE	Gran Tierra Energy	Pair Corr
0.95	HPK	Highpeak Energy Acqu	Pair Corr
0.84	KOS	Kosmos Energy	Pair Corr
0.74	KRP	Kimbell Royalty Partners	Pair Corr
0.81	MNR	Mach Natural Resources	Pair Corr

Related Correlations Analysis

	KERNW	HYMCW	ARTLW	GOVXW	IGICW
KERNW		0.0	0.0	0.0	0.0	KERNW
HYMCW	0.0		0.0	0.15	0.0	HYMCW
ARTLW	0.0	0.0		0.0	0.0	ARTLW
GOVXW	0.0	0.15	0.0		0.0	GOVXW
IGICW	0.0	0.0	0.0	0.0		IGICW
	KERNW	HYMCW	ARTLW	GOVXW	IGICW

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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

GOVXW	+ 0.15	HYMCW
HYMCW	+ 0.0	KERNW
ARTLW	+ 0.0	KERNW
GOVXW	+ 0.0	KERNW
IGICW	+ 0.0	KERNW
ARTLW	+ 0.0	HYMCW

High negative correlations

IGICW	- 0.0	GOVXW
IGICW	- 0.0	ARTLW
GOVXW	- 0.0	ARTLW
IGICW	- 0.0	HYMCW
ARTLW	- 0.0	HYMCW
IGICW	- 0.0	KERNW

Risk-Adjusted Indicators

There is a big difference between HighPeak Stock performing well and HighPeak 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 HighPeak 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
KERNW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HYMCW	14.83	0.18	0.01	(0.47)	17.78	(15.51)	27.27	(26.04)	80.56
ARTLW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GOVXW	14.63	0.74	0.04	0.26	14.10	(29.86)	48.14	(27.27)	96.13
IGICW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

HighPeak Energy Corporate Executives

Elected by the shareholders, the HighPeak Energy's board of directors comprises two types of representatives: HighPeak Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HighPeak. The board's role is to monitor HighPeak Energy's management team and ensure that shareholders' interests are well served. HighPeak Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, HighPeak Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Rodney Woodard	Executive COO	Profile
	Alan Huffman	Executive CTO	Profile

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