Sable Offshore Correlations
| SOC Stock | 25.12 0.83 3.20% |
The current 90-days correlation between Sable Offshore Corp and Sun Country Airlines is 0.19 (i.e., Average diversification). The correlation of Sable Offshore 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.
Sable Offshore Correlation With Market
Weak diversification
The correlation between Sable Offshore Corp and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sable Offshore Corp and DJI in the same portfolio, assuming nothing else is changed.
Sable |
Moving together with Sable Stock
Moving against Sable Stock
| 0.46 | VIVK | Vivakor | PairCorr |
| 0.33 | BORR | Borr Drilling | PairCorr |
| 0.31 | NBR | Nabors Industries | PairCorr |
| 0.48 | CKX | CKX Lands Earnings Call This Week | PairCorr |
| 0.46 | CNX | CNX Resources Corp | PairCorr |
| 0.39 | BTU | Peabody Energy Corp | PairCorr |
Related Correlations Analysis
| 0.84 | 0.29 | 0.72 | 0.45 | -0.08 | 0.66 | SWK | ||
| 0.84 | 0.6 | 0.79 | 0.74 | 0.17 | 0.81 | NSC | ||
| 0.29 | 0.6 | 0.52 | 0.8 | 0.43 | 0.71 | LIND | ||
| 0.72 | 0.79 | 0.52 | 0.57 | 0.08 | 0.77 | IPAR | ||
| 0.45 | 0.74 | 0.8 | 0.57 | 0.28 | 0.75 | ODFL | ||
| -0.08 | 0.17 | 0.43 | 0.08 | 0.28 | 0.25 | WETO | ||
| 0.66 | 0.81 | 0.71 | 0.77 | 0.75 | 0.25 | SNCY | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Sable Stock performing well and Sable Offshore 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 Sable Offshore'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SWK | 1.46 | 0.04 | 0.00 | (0.03) | 0.00 | 2.68 | 8.98 | |||
| NSC | 1.04 | (0.04) | 0.00 | (0.13) | 0.00 | 2.00 | 6.43 | |||
| LIND | 2.47 | (0.16) | 0.00 | (0.19) | 0.00 | 5.86 | 17.77 | |||
| IPAR | 1.61 | (0.11) | 0.00 | (0.17) | 0.00 | 2.91 | 9.65 | |||
| ODFL | 1.57 | (0.21) | 0.00 | (0.25) | 0.00 | 2.41 | 13.98 | |||
| WETO | 2.67 | (0.06) | 0.00 | (0.25) | 0.00 | 5.56 | 10.00 | |||
| SNCY | 2.13 | (0.13) | 0.00 | (0.19) | 0.00 | 4.85 | 15.02 |
Sable Offshore Corporate Executives
Elected by the shareholders, the Sable Offshore's board of directors comprises two types of representatives: Sable Offshore inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sable. The board's role is to monitor Sable Offshore's management team and ensure that shareholders' interests are well served. Sable Offshore'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, Sable Offshore's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gregory Patrinely | Executive CFO | Profile | |
| Doss Bourgeois | Executive COO | Profile |