Vivakor Correlations

VIVK Stock

USD 0.97 0.09 10.23%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Vivakor moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vivakor moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Vivakor Correlation With Market

Good diversification

The correlation between Vivakor and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vivakor 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 Vivakor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real.

For more information on how to buy Vivakor Stock please use our How to buy in Vivakor Stock guide.

Moving together with Vivakor Stock

0.69	TGS	Transportadora de Gas	Pair Corr
0.8	YPF	YPF Sociedad Anonima	Pair Corr
0.74	EU	enCore Energy Corp	Pair Corr
0.71	HP	Helmerich and Payne	Pair Corr
0.62	NE	Noble plc	Pair Corr
0.61	SM	SM Energy	Pair Corr
0.61	DLNG	Dynagas LNG Partners	Pair Corr
0.74	VIST	Vista Oil Gas	Pair Corr

Moving against Vivakor Stock

0.87	NFG	National Fuel Gas	Pair Corr
0.83	TTE	TotalEnergies SE ADR	Pair Corr
0.83	AM	Antero Midstream Partners	Pair Corr
0.8	EC	Ecopetrol SA ADR	Pair Corr
0.78	BP	BP PLC ADR	Pair Corr
0.75	SHEL	Shell PLC ADR	Pair Corr
0.73	E	Eni SpA ADR	Pair Corr
0.52	AR	Antero Resources Corp	Pair Corr
0.5	CVX	Chevron Corp	Pair Corr
0.32	PBR	Petroleo Brasileiro Sell-off Trend	Pair Corr
0.76	NC	NACCO Industries	Pair Corr
0.58	EPSN	Epsilon Energy	Pair Corr
0.47	ANNAW	AleAnna, Warrant	Pair Corr

Related Correlations Analysis

	HUSA	BRN	MXC	PHX	COCBF	USEG	PED	TPET	REI	PVL
HUSA		0.44	0.83	0.3	0.0	0.85	0.91	0.7	0.82	0.12	HUSA
BRN	0.44		0.39	0.43	0.0	0.63	0.35	0.51	0.35	0.05	BRN
MXC	0.83	0.39		0.34	0.0	0.7	0.8	0.58	0.86	-0.16	MXC
PHX	0.3	0.43	0.34		0.0	0.28	0.34	0.24	0.47	-0.13	PHX
COCBF	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	COCBF
USEG	0.85	0.63	0.7	0.28	0.0		0.72	0.81	0.58	0.1	USEG
PED	0.91	0.35	0.8	0.34	0.0	0.72		0.64	0.85	0.21	PED
TPET	0.7	0.51	0.58	0.24	0.0	0.81	0.64		0.41	0.24	TPET
REI	0.82	0.35	0.86	0.47	0.0	0.58	0.85	0.41		0.0	REI
PVL	0.12	0.05	-0.16	-0.13	0.0	0.1	0.21	0.24	0.0		PVL
	HUSA	BRN	MXC	PHX	COCBF	USEG	PED	TPET	REI	PVL

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PED	+ 0.91	HUSA
REI	+ 0.86	MXC
USEG	+ 0.85	HUSA
REI	+ 0.85	PED
MXC	+ 0.83	HUSA
REI	+ 0.82	HUSA

High negative correlations

PVL	- 0.16	MXC
PVL	- 0.13	PHX
PVL	- 0.0	REI
PVL	- 0.0	COCBF
REI	- 0.0	COCBF
TPET	- 0.0	COCBF

Risk-Adjusted Indicators

There is a big difference between Vivakor Stock performing well and Vivakor 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 Vivakor'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
HUSA	4.56	0.24	0.03	0.04	5.70	(5.66)	9.09	(9.65)	64.28
BRN	2.96	0.23	0.10	(2.74)	3.02	(4.01)	9.03	(4.88)	24.50
MXC	2.33	(0.19)	0.00	(0.32)	0.00	0.00	4.60	(4.69)	18.18
PHX	1.60	0.10	0.09	0.19	1.70	(1.97)	3.49	(3.12)	8.97
COCBF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
USEG	5.61	0.43	0.04	0.05	6.41	(6.55)	16.52	(10.07)	79.72
PED	2.43	0.00	0.00	(0.10)	0.00	0.00	5.33	(6.25)	18.01
TPET	9.71	1.86	0.18	0.31	7.97	(15.38)	18.69	(12.99)	103.76
REI	2.28	(0.14)	0.00	(0.30)	0.00	0.00	4.23	(5.22)	13.07
PVL	1.54	0.06	0.07	0.53	1.80	(1.94)	3.33	(3.29)	10.66

Vivakor Corporate Management

Patrick Knapp	General VP	Profile
Daniel Hashim	Chief Officer	Profile
Russ Shelton	Executive Officer	Profile
Leslie Patterson	Executive Construction	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC