Natural Gas Correlations
| NGS Stock | USD 25.33 0.59 2.28% |
The correlation of Natural Gas 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.
Natural Gas Correlation With Market
Modest diversification
The correlation between Natural Gas Services and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Natural Gas Services and DJI in the same portfolio, assuming nothing else is changed.
Natural |
Moving together with Natural Stock
| 0.65 | FTI | TechnipFMC PLC | PairCorr |
| 0.77 | OIS | Oil States International | PairCorr |
| 0.72 | XPRO | Expro Group Holdings | PairCorr |
| 0.79 | RES | RPC Inc | PairCorr |
| 0.61 | KLXE | KLX Energy Services Earnings Call This Week | PairCorr |
| 0.67 | NINE | Nine Energy Service | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Natural Stock performing well and Natural Gas 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 Natural Gas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EFXT | 1.57 | (0.07) | 0.00 | (0.20) | 0.00 | 3.09 | 11.48 | |||
| DRQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| FET | 2.20 | 0.35 | 0.15 | 0.36 | 2.00 | 4.77 | 15.86 | |||
| CCLP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AROC | 1.96 | 0.18 | 0.06 | 0.20 | 2.85 | 3.91 | 15.51 | |||
| GEOS | 2.38 | (0.58) | 0.00 | (0.78) | 0.00 | 3.09 | 26.83 | |||
| NR | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MRC | 1.59 | (0.13) | 0.00 | (0.36) | 0.00 | 3.22 | 12.66 | |||
| NOA | 1.32 | (0.11) | 0.00 | (0.34) | 0.00 | 3.05 | 12.14 | |||
| HLX | 1.73 | (0.24) | 0.00 | (0.25) | 0.00 | 3.81 | 9.15 |
Natural Gas Corporate Executives
Elected by the shareholders, the Natural Gas' board of directors comprises two types of representatives: Natural Gas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Natural. The board's role is to monitor Natural Gas' management team and ensure that shareholders' interests are well served. Natural Gas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Natural Gas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anna Delgado | Investor Coordinator | Profile | |
| Alicia Dada | Investor Coordinator | Profile |