Solaris Oilfield Correlations

Summary

SOIDelisted Stock

USD 11.52 0.56 5.11%

The current 90-days correlation between Solaris Oilfield Inf and Newpark Resources is 0.04 (i.e., Significant diversification). The correlation of Solaris Oilfield 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.

Solaris Oilfield Correlation With Market

Average diversification

The correlation between Solaris Oilfield Infrastructur and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solaris Oilfield Infrastructur and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map 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 persons.

Moving together with Solaris Stock

0.75	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.67	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.65	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.8	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.8	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Solaris Stock

0.72	BKRKF	PT Bank Rakyat	Pair Corr
0.69	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.67	PPERF	Bank Mandiri Persero	Pair Corr
0.66	BKRKY	Bank Rakyat	Pair Corr
0.63	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.59	PPERY	Bank Mandiri Persero	Pair Corr
0.54	KO	Coca Cola Aggressive Push	Pair Corr
0.4	SHG	Shinhan Financial	Pair Corr
0.37	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	AROC	NR	NEX	VTOL	MRC	OIS	RNGR	DRQ	LBRT	ACDC
AROC		0.41	0.84	0.54	0.89	0.79	0.92	-0.43	-0.25	0.72	AROC
NR	0.41		0.36	0.82	0.59	0.68	0.44	0.18	0.32	0.59	NR
NEX	0.84	0.36		0.42	0.73	0.6	0.91	-0.6	-0.55	0.5	NEX
VTOL	0.54	0.82	0.42		0.74	0.81	0.57	0.05	0.19	0.54	VTOL
MRC	0.89	0.59	0.73	0.74		0.86	0.86	-0.39	-0.15	0.72	MRC
OIS	0.79	0.68	0.6	0.81	0.86		0.78	-0.18	0.07	0.76	OIS
RNGR	0.92	0.44	0.91	0.57	0.86	0.78		-0.57	-0.47	0.58	RNGR
DRQ	-0.43	0.18	-0.6	0.05	-0.39	-0.18	-0.57		0.73	-0.14	DRQ
LBRT	-0.25	0.32	-0.55	0.19	-0.15	0.07	-0.47	0.73		0.23	LBRT
ACDC	0.72	0.59	0.5	0.54	0.72	0.76	0.58	-0.14	0.23		ACDC
	AROC	NR	NEX	VTOL	MRC	OIS	RNGR	DRQ	LBRT	ACDC

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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

RNGR	+ 0.92	AROC
RNGR	+ 0.91	NEX
MRC	+ 0.89	AROC
OIS	+ 0.86	MRC
RNGR	+ 0.86	MRC
NEX	+ 0.84	AROC

High negative correlations

DRQ	- 0.6	NEX
DRQ	- 0.57	RNGR
LBRT	- 0.55	NEX
LBRT	- 0.47	RNGR
DRQ	- 0.43	AROC
DRQ	- 0.39	MRC

Risk-Adjusted Indicators

There is a big difference between Solaris Stock performing well and Solaris Oilfield 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 Solaris Oilfield'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
AROC	1.67	0.21	0.17	0.26	1.54	(2.03)	3.19	(2.31)	14.49
NR	1.76	(0.22)	(0.04)	0.02	2.13	(1.87)	3.73	(3.89)	13.55
NEX	2.68	0.49	0.12	1.28	2.99	(2.86)	6.33	(4.55)	17.50
VTOL	1.56	(0.14)	(0.05)	0.01	2.17	(1.73)	2.89	(2.86)	12.05
MRC	1.42	(0.13)	(0.01)	0.06	1.54	(1.69)	3.28	(2.94)	18.83
OIS	2.43	(0.05)	0.00	0.09	2.73	(2.80)	5.26	(4.37)	15.23
RNGR	1.39	0.35	0.18	0.69	1.29	(1.56)	3.56	(2.21)	6.77
DRQ	1.89	(0.16)	0.00	(0.24)	0.00	0.00	3.57	(4.30)	12.98
LBRT	2.10	(0.28)	0.00	(0.08)	0.00	0.00	4.44	(4.06)	14.45
ACDC	3.54	0.34	0.10	0.34	3.99	(3.98)	7.24	(5.82)	17.89

Delisting Warning - SOI

Solaris Oilfield Inf was delisted

The entity Solaris Oilfield Infrastructure with a symbol SOI was delisted from New York Stock Exchange. Please try Solaris Energy Infrastructure, with a symbol SEI from now on. Check all delisted instruments accross multiple markets.

Still Interested in Solaris Oilfield Infrastructure?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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