Valero Energy Correlations

VLO Stock

USD 134.83 0.99 0.74%

The current 90-days correlation between Valero Energy and Phillips 66 is 0.79 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Valero Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Valero Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Valero Energy Correlation With Market

Modest diversification

The correlation between Valero Energy and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valero Energy 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 Valero Energy. 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 economic analysis.

To learn how to invest in Valero Stock, please use our How to Invest in Valero Energy guide.

Moving together with Valero Stock

0.64	DINO	HF Sinclair Corp Sell-off Trend	Pair Corr
0.67	CVI	CVR Energy Sell-off Trend	Pair Corr
0.65	DKL	Delek Logistics Partners	Pair Corr
0.92	MPC	Marathon Petroleum Corp	Pair Corr
0.77	AR	Antero Resources Corp Sell-off Trend	Pair Corr
0.68	ET	Energy Transfer LP	Pair Corr
0.75	SD	SandRidge Energy	Pair Corr
0.83	SU	Suncor Energy	Pair Corr

Moving against Valero Stock

0.57	PTLE	PTL LTD Ordinary	Pair Corr
0.52	EP	Empire Petroleum Corp Earnings Call This Week	Pair Corr
0.39	BPT	BP Prudhoe Bay	Pair Corr
0.31	VIVK	Vivakor	Pair Corr

Related Correlations Analysis

	PSX	DINO	PBF	CVI	MPC	SUN	DK	DKL	CAPL
PSX		0.15	-0.4	0.33	0.63	0.89	-0.23	0.26	0.75	PSX
DINO	0.15		0.69	0.44	0.77	-0.04	0.75	0.12	-0.35	DINO
PBF	-0.4	0.69		0.36	0.32	-0.47	0.85	0.21	-0.65	PBF
CVI	0.33	0.44	0.36		0.59	0.17	0.44	0.5	0.09	CVI
MPC	0.63	0.77	0.32	0.59		0.53	0.54	0.52	0.25	MPC
SUN	0.89	-0.04	-0.47	0.17	0.53		-0.32	0.42	0.88	SUN
DK	-0.23	0.75	0.85	0.44	0.54	-0.32		0.41	-0.45	DK
DKL	0.26	0.12	0.21	0.5	0.52	0.42	0.41		0.37	DKL
CAPL	0.75	-0.35	-0.65	0.09	0.25	0.88	-0.45	0.37		CAPL
	PSX	DINO	PBF	CVI	MPC	SUN	DK	DKL	CAPL

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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

SUN	+ 0.89	PSX
CAPL	+ 0.88	SUN
DK	+ 0.85	PBF
MPC	+ 0.77	DINO
CAPL	+ 0.75	PSX
DK	+ 0.75	DINO

High negative correlations

CAPL	- 0.65	PBF
SUN	- 0.47	PBF
CAPL	- 0.45	DK
PBF	- 0.4	PSX
CAPL	- 0.35	DINO
DK	- 0.32	SUN

Risk-Adjusted Indicators

There is a big difference between Valero Stock performing well and Valero Energy 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 Valero Energy'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
PSX	1.45	0.13	0.07	0.07	1.78	(1.52)	3.44	(3.43)	8.50
DINO	1.92	(0.09)	0.00	(0.16)	0.00	0.00	3.90	(4.79)	12.94
PBF	2.67	(0.36)	0.00	(0.47)	0.00	0.00	5.31	(5.39)	22.28
CVI	2.21	0.21	0.09	0.35	2.67	(2.15)	5.07	(4.18)	12.26
MPC	1.70	0.06	0.03	0.00	2.26	(1.71)	3.27	(3.75)	12.00
SUN	0.95	0.20	0.17	0.30	1.08	(0.93)	2.39	(2.13)	5.34
DK	2.66	0.01	0.00	(0.06)	0.00	0.00	5.29	(5.12)	16.57
DKL	1.03	0.22	0.22	0.36	0.97	(1.18)	2.92	(1.98)	6.06
CAPL	0.78	0.18	0.23	22.33	0.81	(0.80)	1.69	(1.63)	4.73

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