Viper Energy Correlations

VNOM Stock

USD 49.41 0.59 1.18%

The current 90-days correlation between Viper Energy Ut and Western Midstream Partners is 0.19 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Viper Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Viper Energy Ut moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Viper Energy Correlation With Market

Modest diversification

The correlation between Viper Energy Ut and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Viper Energy Ut 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 Viper Energy Ut. 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 Viper Stock

0.7	PXSAW	Pyxis Tankers	Pair Corr
0.74	BPT	BP Prudhoe Bay	Pair Corr
0.69	GEL	Genesis Energy LP	Pair Corr
0.83	OKE	ONEOK Inc Earnings Call This Week	Pair Corr
0.82	PBA	Pembina Pipeline Corp Earnings Call This Week	Pair Corr
0.82	PBT	Permian Basin Royalty	Pair Corr
0.81	TRP	TC Energy Corp	Pair Corr

Moving against Viper Stock

0.53	NGL	NGL Energy Partners Buyout Trend	Pair Corr
0.46	ET	Energy Transfer LP	Pair Corr
0.39	DLNG	Dynagas LNG Partners	Pair Corr
0.31	CQP	Cheniere Energy Partners Earnings Call This Week	Pair Corr
0.64	GLOP-PB	GasLog Partners LP	Pair Corr
0.63	GLOP-PA	GasLog Partners LP	Pair Corr
0.55	GLOP-PC	GasLog Partners LP	Pair Corr
0.55	SEAL-PA	Seapeak LLC	Pair Corr
0.46	WES	Western Midstream Earnings Call This Week	Pair Corr
0.45	HESM	Hess Midstream Partners	Pair Corr
0.39	GLNG	Golar LNG Limited	Pair Corr
0.35	EP-PC	El Paso Energy	Pair Corr
0.34	PAA	Plains All American	Pair Corr
0.32	SMC	Summit Midstream Symbol Change	Pair Corr

Related Correlations Analysis

	CEQP	WES	DTM	MPLX	HEP	BPT	FLNG	HESM	NS	ENLC
CEQP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	CEQP
WES	0.0		0.46	0.85	0.0	-0.73	0.28	0.91	0.0	-0.23	WES
DTM	0.0	0.46		0.31	0.0	-0.22	0.46	0.46	0.0	-0.31	DTM
MPLX	0.0	0.85	0.31		0.0	-0.47	0.42	0.89	0.0	-0.21	MPLX
HEP	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	HEP
BPT	0.0	-0.73	-0.22	-0.47	0.0		0.11	-0.67	0.0	0.26	BPT
FLNG	0.0	0.28	0.46	0.42	0.0	0.11		0.49	0.0	-0.43	FLNG
HESM	0.0	0.91	0.46	0.89	0.0	-0.67	0.49		0.0	-0.41	HESM
NS	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NS
ENLC	0.0	-0.23	-0.31	-0.21	0.0	0.26	-0.43	-0.41	0.0		ENLC
	CEQP	WES	DTM	MPLX	HEP	BPT	FLNG	HESM	NS	ENLC

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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

HESM	+ 0.91	WES
HESM	+ 0.89	MPLX
MPLX	+ 0.85	WES
HESM	+ 0.49	FLNG
DTM	+ 0.46	WES
FLNG	+ 0.46	DTM

High negative correlations

BPT	- 0.73	WES
HESM	- 0.67	BPT
BPT	- 0.47	MPLX
ENLC	- 0.43	FLNG
ENLC	- 0.41	HESM
ENLC	- 0.31	DTM

Risk-Adjusted Indicators

There is a big difference between Viper Stock performing well and Viper 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 Viper 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
CEQP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WES	1.30	0.21	0.14	0.33	1.35	(1.44)	2.71	(2.18)	7.33
DTM	1.58	0.06	0.02	0.14	2.85	(1.48)	3.12	(3.33)	18.00
MPLX	1.13	0.27	0.20	0.47	1.07	(1.31)	2.47	(2.08)	5.75
HEP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BPT	5.38	(0.73)	0.00	(0.29)	0.00	0.00	11.94	(12.35)	55.36
FLNG	1.58	0.08	0.03	(0.43)	2.21	(1.57)	3.34	(3.59)	10.48
HESM	1.28	0.22	0.12	0.62	1.54	(1.28)	2.60	(2.64)	6.71
NS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENLC	1.09	(0.05)	0.00	(0.26)	0.00	0.00	1.99	(3.17)	6.59

Viper Energy Corporate Management

Matt Zmigrosky	General VP	Profile
Thomas Hawkins	Ex LLC	Profile
Adam Lawlis	IR Contact Officer	Profile
Al Barkmann	Executive LLC	Profile

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