Vista Oil Correlations

VISTAA Stock

MXN 1,170 4.44 0.38%

The current 90-days correlation between Vista Oil Gas and Promotora y Operadora is -0.09 (i.e., Good diversification). The correlation of Vista 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.

Vista Oil Correlation With Market

Good diversification

The correlation between Vista Oil Gas 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 Vista Oil Gas and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Vista Oil could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vista Oil when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Vista Oil - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Vista Oil Gas to buy it.

Moving together with Vista Stock

0.73	BLK	BlackRock	Pair Corr
0.79	AMP	Ameriprise Financial	Pair Corr
0.79	STT	State Street	Pair Corr
0.82	AAPL	Apple Inc	Pair Corr
0.88	NFLX	Netflix	Pair Corr

Moving against Vista Stock

0.72	FEMSAUBD	Fomento Econmico Mexicano	Pair Corr
0.38	ABEVN	Ambev SA	Pair Corr
0.35	CEMEXCPO	CEMEX SAB de	Pair Corr

Related Correlations Analysis

	AMP	STT	XLU	PINFRA	WOOD	XOP	IYW	FGEN	VOLARA
AMP		0.85	0.59	0.73	0.0	0.73	0.75	0.25	0.68	AMP
STT	0.85		0.64	0.74	0.0	0.72	0.8	0.16	0.68	STT
XLU	0.59	0.64		0.55	0.0	0.67	0.66	-0.06	0.56	XLU
PINFRA	0.73	0.74	0.55		0.0	0.58	0.63	0.41	0.61	PINFRA
WOOD	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	WOOD
XOP	0.73	0.72	0.67	0.58	0.0		0.82	0.03	0.74	XOP
IYW	0.75	0.8	0.66	0.63	0.0	0.82		-0.14	0.91	IYW
FGEN	0.25	0.16	-0.06	0.41	0.0	0.03	-0.14		-0.07	FGEN
VOLARA	0.68	0.68	0.56	0.61	0.0	0.74	0.91	-0.07		VOLARA
	AMP	STT	XLU	PINFRA	WOOD	XOP	IYW	FGEN	VOLARA

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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

VOLARA	+ 0.91	IYW
STT	+ 0.85	AMP
IYW	+ 0.82	XOP
IYW	+ 0.8	STT
IYW	+ 0.75	AMP
PINFRA	+ 0.74	STT

High negative correlations

FGEN	- 0.14	IYW
VOLARA	- 0.07	FGEN
FGEN	- 0.06	XLU
VOLARA	- 0.0	WOOD
FGEN	- 0.0	WOOD
IYW	- 0.0	WOOD

Risk-Adjusted Indicators

There is a big difference between Vista Stock performing well and Vista 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 Vista 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
AMP	1.01	0.35	0.00	1.28	0.00	0.00	0.02	(0.02)	29.66
STT	0.98	0.48	0.00	1.16	0.00	0.00	2.00	0.00	15.08
XLU	1.37	0.02	(0.03)	0.24	1.67	(2.00)	3.39	(3.36)	9.62
PINFRA	1.40	0.16	0.03	(0.90)	1.56	(1.51)	3.22	(2.75)	6.91
WOOD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XOP	0.92	0.12	0.01	2.08	1.08	(3.18)	4.19	(1.83)	10.08
IYW	1.06	0.26	0.12	1.60	0.99	(1.32)	2.86	(2.03)	7.88
FGEN	2.27	0.18	0.01	0.60	3.54	(9.56)	12.41	(8.54)	33.83
VOLARA	1.54	0.53	0.22	(2.27)	1.41	(1.79)	3.83	(2.56)	9.81

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vista Oil without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Vista Oil Corporate Executives

Elected by the shareholders, the Vista Oil's board of directors comprises two types of representatives: Vista Oil inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Vista. The board's role is to monitor Vista Oil's management team and ensure that shareholders' interests are well served. Vista Oil'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, Vista Oil's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Pablo Pinto	CoFounder CFO	Profile
	Juan Garoby	CoFounder COO	Profile

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