Riley Exploration Correlations

REPX Stock

USD 30.02 0.48 1.57%

The correlation of Riley Exploration 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.

Riley Exploration Correlation With Market

Weak diversification

The correlation between Riley Exploration Permian and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Riley Exploration Permian and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Riley Exploration Permian. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Riley Stock

0.89	PR	Permian Resources	Pair Corr
0.82	SD	SandRidge Energy	Pair Corr
0.85	SM	SM Energy	Pair Corr
0.69	DMLP	Dorchester Minerals	Pair Corr
0.77	VIST	Vista Oil Gas	Pair Corr
0.91	VTLE	Vital Energy	Pair Corr
0.79	EONR	EON Resources Symbol Change	Pair Corr
0.81	FANG	Diamondback Energy	Pair Corr
0.93	APA	APA Corporation	Pair Corr
0.89	BKV	BKV Corporation	Pair Corr
0.92	BRY	Berry Petroleum Corp	Pair Corr
0.88	BTE	Baytex Energy Corp Buyout Trend	Pair Corr
0.64	CNQ	Canadian Natural Res	Pair Corr
0.68	COP	ConocoPhillips	Pair Corr
0.72	CRC	California Resources Corp	Pair Corr
0.76	DEC	Diversified Energy	Pair Corr
0.69	EGY	Vaalco Energy	Pair Corr
0.75	EOG	EOG Resources	Pair Corr
0.81	EPM	Evolution Petroleum	Pair Corr
0.78	GFR	Greenfire Resources	Pair Corr
0.62	GTE	Gran Tierra Energy	Pair Corr
0.78	HPK	Highpeak Energy Acqu	Pair Corr
0.8	KOS	Kosmos Energy	Pair Corr
0.8	KRP	Kimbell Royalty Partners	Pair Corr
0.62	MGY	Magnolia Oil Gas	Pair Corr
0.8	MNR	Mach Natural Resources	Pair Corr
0.68	MUR	Murphy Oil	Pair Corr
0.78	MXC	Mexco Energy Downward Rally	Pair Corr

Related Correlations Analysis

	SBOW	VTLE	PR	MGY	REI	ESTE	CRK	OBE	EPSN
SBOW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SBOW
VTLE	0.0		0.84	0.41	0.9	0.0	0.28	0.34	-0.52	VTLE
PR	0.0	0.84		0.74	0.88	0.0	0.57	0.61	-0.13	PR
MGY	0.0	0.41	0.74		0.58	0.0	0.79	0.58	0.31	MGY
REI	0.0	0.9	0.88	0.58		0.0	0.47	0.59	-0.29	REI
ESTE	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	ESTE
CRK	0.0	0.28	0.57	0.79	0.47	0.0		0.52	0.5	CRK
OBE	0.0	0.34	0.61	0.58	0.59	0.0	0.52		0.24	OBE
EPSN	0.0	-0.52	-0.13	0.31	-0.29	0.0	0.5	0.24		EPSN
	SBOW	VTLE	PR	MGY	REI	ESTE	CRK	OBE	EPSN

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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

REI	+ 0.9	VTLE
REI	+ 0.88	PR
PR	+ 0.84	VTLE
CRK	+ 0.79	MGY
MGY	+ 0.74	PR
OBE	+ 0.61	PR

High negative correlations

EPSN	- 0.52	VTLE
EPSN	- 0.29	REI
EPSN	- 0.13	PR
EPSN	- 0.0	ESTE
OBE	- 0.0	ESTE
CRK	- 0.0	ESTE

Risk-Adjusted Indicators

There is a big difference between Riley Stock performing well and Riley Exploration 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 Riley Exploration'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
SBOW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VTLE	2.61	(0.37)	0.00	(0.22)	0.00	0.00	4.93	(6.93)	18.53
PR	1.67	0.06	0.02	0.06	2.42	(1.65)	3.91	(3.26)	12.33
MGY	1.46	0.08	0.04	0.15	1.94	(1.48)	2.88	(3.30)	9.02
REI	2.33	(0.18)	0.00	(0.27)	0.00	0.00	4.23	(5.22)	13.07
ESTE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRK	2.78	0.41	0.10	(0.71)	3.50	(2.81)	6.33	(5.45)	21.33
OBE	2.41	0.27	0.08	0.93	2.91	(2.68)	5.08	(3.37)	23.14
EPSN	1.73	0.31	0.14	(0.79)	1.87	(1.93)	5.04	(3.75)	10.87

Riley Exploration Corporate Management

Bobby Riley	CEO Chairman	Profile
Philip Riley	CFO Strategy	Profile
Beth Esq	Corporate Counsel	Profile
Jeffrey Gutman	Chief Officer	Profile
Kevin Riley	President	Profile
Corey Riley	Executive Intelligence	Profile
John Suter	Chief Officer	Profile

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