Ranger Oil Correlations

Summary

ROCCDelisted Stock

USD 37.47 0.00 0.00%

The current 90-days correlation between Ranger Oil Corp and Vermilion Energy is -0.08 (i.e., Good diversification). The correlation of Ranger Oil 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.

Ranger Oil Correlation With Market

Good diversification

The correlation between Ranger Oil Corp and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ranger Oil Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

Moving together with Ranger Stock

0.75

COP

ConocoPhillips

Pair Corr

Moving against Ranger Stock

0.6	DNA	Ginkgo Bioworks Holdings	Pair Corr
0.47	LGCY	Legacy Education	Pair Corr
0.46	EXCH	Exchange Bankshares	Pair Corr
0.44	GILT	Gilat Satellite Networks	Pair Corr
0.41	PXD	Pioneer Natural Resources	Pair Corr
0.4	FRSX	Foresight Autonomous	Pair Corr
0.33	MNPR	Monopar Therapeutics Trending	Pair Corr

Related Correlations Analysis

	CPG	VET	CNQ	ERF	MTDR	MUR	CIVI	ESTE	SBOW	VTLE
CPG		0.31	0.82	-0.1	-0.22	0.58	0.45	-0.4	-0.06	-0.31	CPG
VET	0.31		0.45	0.4	0.68	0.76	0.82	0.2	0.01	0.62	VET
CNQ	0.82	0.45		-0.07	-0.25	0.66	0.54	-0.32	-0.09	-0.29	CNQ
ERF	-0.1	0.4	-0.07		0.48	0.24	0.43	0.77	-0.5	0.53	ERF
MTDR	-0.22	0.68	-0.25	0.48		0.36	0.56	0.38	0.03	0.94	MTDR
MUR	0.58	0.76	0.66	0.24	0.36		0.86	0.02	0.06	0.39	MUR
CIVI	0.45	0.82	0.54	0.43	0.56	0.86		0.2	-0.16	0.5	CIVI
ESTE	-0.4	0.2	-0.32	0.77	0.38	0.02	0.2		-0.32	0.46	ESTE
SBOW	-0.06	0.01	-0.09	-0.5	0.03	0.06	-0.16	-0.32		0.01	SBOW
VTLE	-0.31	0.62	-0.29	0.53	0.94	0.39	0.5	0.46	0.01		VTLE
	CPG	VET	CNQ	ERF	MTDR	MUR	CIVI	ESTE	SBOW	VTLE

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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

VTLE	+ 0.94	MTDR
CIVI	+ 0.86	MUR
CNQ	+ 0.82	CPG
CIVI	+ 0.82	VET
ESTE	+ 0.77	ERF
MUR	+ 0.76	VET

High negative correlations

SBOW	- 0.5	ERF
ESTE	- 0.4	CPG
SBOW	- 0.32	ESTE
ESTE	- 0.32	CNQ
VTLE	- 0.31	CPG
VTLE	- 0.29	CNQ

Risk-Adjusted Indicators

There is a big difference between Ranger Stock performing well and Ranger Oil 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 Ranger Oil'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
CPG	1.55	(0.13)	0.00	(1.77)	0.00	0.00	2.84	(3.94)	8.83
VET	1.66	0.01	(0.01)	0.08	1.90	(1.86)	4.47	(3.47)	11.31
CNQ	1.19	(0.19)	0.00	(0.52)	0.00	0.00	2.06	(2.92)	5.97
ERF	1.63	0.16	0.06	0.67	1.87	(1.76)	4.61	(3.05)	8.71
MTDR	1.50	0.27	0.12	5.28	1.70	(1.57)	2.44	(2.82)	12.94
MUR	1.41	(0.12)	0.00	(0.49)	0.00	0.00	2.86	(2.63)	10.12
CIVI	1.63	0.03	0.00	0.13	1.97	(1.73)	3.11	(2.85)	11.48
ESTE	2.25	0.15	0.04	(1.92)	2.66	(2.41)	4.37	(4.80)	10.76
SBOW	1.58	0.22	0.09	0.61	1.86	(1.98)	3.59	(2.41)	15.61
VTLE	1.99	0.34	0.13	0.68	2.24	(2.18)	4.42	(4.48)	13.50

View Ranger Oil Related Equities

CPG Old Vermilion Energy Canadian Natural Resources Enerplus Matador Resources Murphy Oil Civitas Resources Earthstone Energy SilverBow Resources Vital Energy Comstock Resources Magnolia Oil Gas Obsidian Energy Permian Resources Ring Energy

Risk & Return

Correlation

Ranger Oil Corporate Management

Darrin Henke	CEO Pres	Profile
Clay Jeansonne	Director Relations	Profile
Julia Gwaltney	VP COO	Profile
Kayla Baird	Chief VP	Profile
Jill Zivley	VP Marketing	Profile
Katherine Ryan	VP Sec	Profile
Russell Kelley	CFO VP	Profile

Still Interested in Ranger Oil Corp?

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