Tamboran Resources Correlations

TBN Stock

23.26 0.62 2.74%

The current 90-days correlation between Tamboran Resources and Tyson Foods is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tamboran Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamboran Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tamboran Resources Correlation With Market

Average diversification

The correlation between Tamboran Resources and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tamboran Resources and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tamboran Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

To learn how to invest in Tamboran Stock, please use our How to Invest in Tamboran Resources guide.

Moving against Tamboran Stock

0.58	EP	Empire Petroleum Corp Earnings Call This Week	Pair Corr
0.68	CNX	CNX Resources Corp	Pair Corr
0.54	GTE	Gran Tierra Energy	Pair Corr
0.34	CRC	California Resources Corp	Pair Corr
0.34	MUR	Murphy Oil	Pair Corr

Related Correlations Analysis

	TSN	TBBB	NI	BYND	FTLF	RFBC	MSEX	ACI
TSN		-0.84	0.62	-0.67	-0.51	0.0	0.73	0.53	TSN
TBBB	-0.84		-0.48	0.7	0.51	0.0	-0.83	-0.53	TBBB
NI	0.62	-0.48		-0.23	-0.61	0.0	0.16	0.72	NI
BYND	-0.67	0.7	-0.23		0.44	0.0	-0.7	-0.31	BYND
FTLF	-0.51	0.51	-0.61	0.44		0.0	-0.4	-0.81	FTLF
RFBC	0.0	0.0	0.0	0.0	0.0		0.0	0.0	RFBC
MSEX	0.73	-0.83	0.16	-0.7	-0.4	0.0		0.27	MSEX
ACI	0.53	-0.53	0.72	-0.31	-0.81	0.0	0.27		ACI
	TSN	TBBB	NI	BYND	FTLF	RFBC	MSEX	ACI

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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

MSEX	+ 0.73	TSN
ACI	+ 0.72	NI
BYND	+ 0.7	TBBB
NI	+ 0.62	TSN
ACI	+ 0.53	TSN
FTLF	+ 0.51	TBBB

High negative correlations

TBBB	- 0.84	TSN
MSEX	- 0.83	TBBB
ACI	- 0.81	FTLF
MSEX	- 0.7	BYND
BYND	- 0.67	TSN
FTLF	- 0.61	NI

Risk-Adjusted Indicators

There is a big difference between Tamboran Stock performing well and Tamboran Resources 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 Tamboran Resources' 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
TSN	0.99	0.02	0.06	0.04	1.20	(1.04)	2.25	(2.15)	5.57
TBBB	1.88	(0.19)	0.00	(0.72)	0.00	0.00	2.92	(3.44)	10.77
NI	0.94	0.15	0.12	0.24	1.34	(0.91)	2.06	(2.27)	6.69
BYND	3.00	0.14	0.04	0.07	3.45	(3.42)	7.07	(4.60)	22.07
FTLF	1.80	(0.29)	0.00	(0.54)	0.00	0.00	2.97	(4.39)	14.59
RFBC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSEX	1.72	0.20	0.16	(0.74)	1.65	(2.00)	3.60	(2.92)	19.18
ACI	1.22	0.18	0.11	0.25	1.60	(1.18)	3.42	(2.69)	8.11

Tamboran Resources Corporate Management

Eric Dyer	Chief Officer	Profile
Rohan Vardaro	Company Secretary	Profile
Michael Irving	Executive Infrastructure	Profile
Faron Thibodeaux	Chief Officer	Profile
Chris Morbey	Vice Relations	Profile
Mike Flynn	Executive Marketing	Profile

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