Kosmos Energy Correlations

KOS Stock

USD 2.31 0.04 1.76%

The current 90-days correlation between Kosmos Energy and Matador Resources is 0.5 (i.e., Very weak diversification). The correlation of Kosmos 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.

Kosmos Energy Correlation With Market

Significant diversification

The correlation between Kosmos 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 Kosmos Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kosmos 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 persons.

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

Moving together with Kosmos Stock

0.84	PR	Permian Resources	Pair Corr
0.94	SM	SM Energy	Pair Corr
0.9	DMLP	Dorchester Minerals	Pair Corr
0.85	VIST	Vista Oil Gas	Pair Corr
0.91	VTLE	Vital Energy	Pair Corr
0.76	EONR	EON Resources Symbol Change	Pair Corr
0.85	FANG	Diamondback Energy	Pair Corr
0.87	APA	APA Corporation	Pair Corr
0.83	BKV	BKV Corporation	Pair Corr
0.84	BRY	Berry Petroleum Corp	Pair Corr
0.95	BTE	Baytex Energy Corp Aggressive Push	Pair Corr
0.81	CNQ	Canadian Natural Res	Pair Corr
0.64	COP	ConocoPhillips	Pair Corr
0.85	CRC	California Resources Corp	Pair Corr
0.86	DEC	Diversified Energy	Pair Corr
0.65	EGY	Vaalco Energy	Pair Corr
0.7	EPM	Evolution Petroleum	Pair Corr
0.95	GFR	Greenfire Resources	Pair Corr
0.85	GTE	Gran Tierra Energy	Pair Corr
0.91	HPK	Highpeak Energy Acqu	Pair Corr
0.88	KRP	Kimbell Royalty Partners	Pair Corr
0.78	MNR	Mach Natural Resources	Pair Corr

Moving against Kosmos Stock

0.44

EPSN

Epsilon Energy

Pair Corr

Related Correlations Analysis

	MTDR	MUR	CIVI	ESTE	SBOW	MGY	SM	RRC	CPE	VTLE
MTDR		0.81	0.95	0.0	0.0	0.71	0.96	0.41	0.0	0.95	MTDR
MUR	0.81		0.71	0.0	0.0	0.72	0.86	0.2	0.0	0.75	MUR
CIVI	0.95	0.71		0.0	0.0	0.61	0.93	0.34	0.0	0.97	CIVI
ESTE	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ESTE
SBOW	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	SBOW
MGY	0.71	0.72	0.61	0.0	0.0		0.62	0.52	0.0	0.57	MGY
SM	0.96	0.86	0.93	0.0	0.0	0.62		0.2	0.0	0.95	SM
RRC	0.41	0.2	0.34	0.0	0.0	0.52	0.2		0.0	0.3	RRC
CPE	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CPE
VTLE	0.95	0.75	0.97	0.0	0.0	0.57	0.95	0.3	0.0		VTLE
	MTDR	MUR	CIVI	ESTE	SBOW	MGY	SM	RRC	CPE	VTLE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VTLE	+ 0.97	CIVI
SM	+ 0.96	MTDR
CIVI	+ 0.95	MTDR
VTLE	+ 0.95	MTDR
VTLE	+ 0.95	SM
SM	+ 0.93	CIVI

High negative correlations

VTLE	- 0.0	CPE
CPE	- 0.0	RRC
CPE	- 0.0	SM
CPE	- 0.0	MGY
VTLE	- 0.0	SBOW
CPE	- 0.0	SBOW

Risk-Adjusted Indicators

There is a big difference between Kosmos Stock performing well and Kosmos 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 Kosmos 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
MTDR	1.71	(0.04)	0.00	(0.12)	0.00	0.00	3.60	(4.08)	13.35
MUR	1.82	(0.11)	0.00	(0.28)	0.00	0.00	3.83	(3.63)	12.15
CIVI	2.42	(0.28)	0.00	(0.40)	0.00	0.00	4.64	(5.49)	23.71
ESTE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBOW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MGY	1.54	0.00	0.00	(0.08)	0.00	0.00	2.88	(3.30)	9.02
SM	2.00	(0.32)	0.00	(0.45)	0.00	0.00	4.24	(4.43)	13.69
RRC	1.73	0.23	0.11	0.61	2.28	(1.84)	3.19	(3.61)	12.31
CPE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VTLE	2.53	(0.36)	0.00	(0.31)	0.00	0.00	4.42	(6.93)	18.53

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC