Vital Energy Correlations

VTLE Stock

22.76 0.53 2.38%

The current 90-days correlation between Vital Energy and SM Energy Co is 0.85 (i.e., Very poor diversification). The correlation of Vital Energy 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.

Vital Energy Correlation With Market

Weak diversification

The correlation between Vital Energy and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vital 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 Vital 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.

For information on how to trade Vital Stock refer to our How to Trade Vital Stock guide.

Moving together with Vital Stock

0.88	PR	Permian Resources	Pair Corr
0.65	SD	SandRidge Energy	Pair Corr
0.95	SM	SM Energy	Pair Corr
0.81	DMLP	Dorchester Minerals	Pair Corr
0.81	VIST	Vista Oil Gas	Pair Corr
0.8	EONR	EON Resources Symbol Change	Pair Corr
0.85	FANG	Diamondback Energy	Pair Corr
0.93	APA	APA Corporation	Pair Corr
0.92	BKV	BKV Corporation	Pair Corr
0.93	BRY	Berry Petroleum Corp	Pair Corr
0.93	BTE	Baytex Energy Corp Aggressive Push	Pair Corr
0.77	CNQ	Canadian Natural Res	Pair Corr
0.68	COP	ConocoPhillips	Pair Corr
0.79	CRC	California Resources Corp	Pair Corr
0.9	DEC	Diversified Energy	Pair Corr
0.61	EGY	Vaalco Energy	Pair Corr
0.78	EPM	Evolution Petroleum	Pair Corr
0.91	GFR	Greenfire Resources	Pair Corr
0.71	GTE	Gran Tierra Energy	Pair Corr
0.89	HPK	Highpeak Energy Acqu	Pair Corr
0.91	KOS	Kosmos Energy	Pair Corr
0.85	KRP	Kimbell Royalty Partners	Pair Corr
0.81	MNR	Mach Natural Resources	Pair Corr

Moving against Vital Stock

0.46

EPSN

Epsilon Energy

Pair Corr

Related Correlations Analysis

	SM	PR	MTDR	OBE	ESTE	CRK	MGY	SBOW	REI
SM		0.9	0.96	0.54	0.0	0.31	0.62	0.0	0.91	SM
PR	0.9		0.97	0.64	0.0	0.56	0.78	0.0	0.91	PR
MTDR	0.96	0.97		0.56	0.0	0.49	0.71	0.0	0.92	MTDR
OBE	0.54	0.64	0.56		0.0	0.54	0.51	0.0	0.71	OBE
ESTE	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ESTE
CRK	0.31	0.56	0.49	0.54	0.0		0.63	0.0	0.51	CRK
MGY	0.62	0.78	0.71	0.51	0.0	0.63		0.0	0.74	MGY
SBOW	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	SBOW
REI	0.91	0.91	0.92	0.71	0.0	0.51	0.74	0.0		REI
	SM	PR	MTDR	OBE	ESTE	CRK	MGY	SBOW	REI

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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

MTDR	+ 0.97	PR
MTDR	+ 0.96	SM
REI	+ 0.92	MTDR
REI	+ 0.91	SM
REI	+ 0.91	PR
PR	+ 0.9	SM

High negative correlations

REI	- 0.0	SBOW
SBOW	- 0.0	MGY
SBOW	- 0.0	CRK
REI	- 0.0	ESTE
SBOW	- 0.0	ESTE
MGY	- 0.0	ESTE

Risk-Adjusted Indicators

There is a big difference between Vital Stock performing well and Vital 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 Vital 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
SM	2.00	(0.32)	0.00	(0.45)	0.00	0.00	4.24	(4.43)	13.69
PR	1.70	0.01	0.00	(0.06)	0.00	0.00	3.91	(3.65)	12.33
MTDR	1.71	(0.04)	0.00	(0.12)	0.00	0.00	3.60	(4.08)	13.35
OBE	2.36	0.10	0.04	0.24	3.06	(2.68)	5.08	(3.50)	23.14
ESTE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRK	2.95	0.36	0.10	0.59	3.68	(2.94)	6.33	(5.45)	21.33
MGY	1.54	0.00	0.00	(0.08)	0.00	0.00	2.88	(3.30)	9.02
SBOW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
REI	2.29	(0.12)	0.00	(0.26)	0.00	0.00	4.23	(5.22)	13.07

Vital Energy Corporate Management

Mark Denny	General VP	Profile
David Ferris	VP Officer	Profile
Mark JD	General VP	Profile
Benjamin Klein	Vice Marketing	Profile

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