Veren Correlations

VRN Stock

6.40 0.10 1.59%

The current 90-days correlation between Veren Inc and Simon Property Group is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Veren moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Veren Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Veren Correlation With Market

Significant diversification

The correlation between Veren Inc and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Veren Inc 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 Veren Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Veren Stock

0.78	EPSN	Epsilon Energy	Pair Corr
0.63	BSM	Black Stone Minerals	Pair Corr

Moving against Veren Stock

0.44

CNX

CNX Resources Corp Buyout Trend

Pair Corr

Related Correlations Analysis

	SPG-PJ	UL	CVI	IPAR	IAC	LOGC	UG
SPG-PJ		0.35	0.09	0.14	0.16	-0.12	-0.13	SPG-PJ
UL	0.35		-0.39	-0.14	0.09	0.09	-0.25	UL
CVI	0.09	-0.39		0.45	-0.02	-0.06	0.39	CVI
IPAR	0.14	-0.14	0.45		0.04	0.41	0.6	IPAR
IAC	0.16	0.09	-0.02	0.04		0.55	-0.08	IAC
LOGC	-0.12	0.09	-0.06	0.41	0.55		0.45	LOGC
UG	-0.13	-0.25	0.39	0.6	-0.08	0.45		UG
	SPG-PJ	UL	CVI	IPAR	IAC	LOGC	UG

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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

UG	+ 0.6	IPAR
LOGC	+ 0.55	IAC
IPAR	+ 0.45	CVI
UG	+ 0.45	LOGC
LOGC	+ 0.41	IPAR
UG	+ 0.39	CVI

High negative correlations

CVI	- 0.39	UL
UG	- 0.25	UL
IPAR	- 0.14	UL
UG	- 0.13	SPG-PJ
LOGC	- 0.12	SPG-PJ
UG	- 0.08	IAC

Risk-Adjusted Indicators

There is a big difference between Veren Stock performing well and Veren 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 Veren'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
SPG-PJ	0.74	(0.02)	0.00	1.95	0.00	0.00	1.98	(1.87)	5.55
UL	0.87	0.04	0.09	0.31	1.32	(0.94)	1.80	(1.91)	8.26
CVI	2.17	0.16	0.08	0.27	2.68	(2.12)	5.07	(4.18)	12.26
IPAR	1.53	(0.02)	0.00	(0.10)	0.00	0.00	2.91	(3.28)	9.65
IAC	1.54	0.05	0.00	(0.03)	0.00	0.00	4.26	(2.73)	12.96
LOGC	2.66	0.03	0.00	(0.04)	0.00	0.00	5.19	(4.88)	27.34
UG	1.40	0.06	0.06	0.06	1.79	(1.40)	3.33	(2.60)	9.31

Veren Corporate Management

Mark Eade	General VP	Profile
Sarfraz Somani	Manager Relations	Profile
Michael Politeski	Senior Treasurer	Profile
Justin Foraie	Senior Marketing	Profile
BCom BComm	Chief Officer	Profile
Shant Madian	Vice Markets	Profile
PEng BASc	Chief Officer	Profile

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