Antero Midstream Correlations
| AM Stock | USD 15.79 0.36 2.33% |
The current 90-days correlation between Antero Midstream Partners and Western Midstream Partners is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Antero Midstream moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Antero Midstream Partners moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Antero Midstream Correlation With Market
Very weak diversification
The correlation between Antero Midstream Partners and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Antero Midstream Partners and DJI in the same portfolio, assuming nothing else is changed.
Antero |
Moving together with Antero Stock
| 0.78 | EE | Excelerate Energy | PairCorr |
| 0.63 | ET | Energy Transfer LP Aggressive Push | PairCorr |
| 0.7 | DLNG | Dynagas LNG Partners | PairCorr |
| 0.62 | VNOM | Viper Energy Ut | PairCorr |
| 0.62 | ENLC | EnLink Midstream LLC | PairCorr |
| 0.65 | IMPPP | Imperial Petroleum | PairCorr |
| 0.7 | DTM | DT Midstream | PairCorr |
| 0.69 | ENB | Enbridge | PairCorr |
| 0.81 | GLP | Global Partners LP | PairCorr |
| 0.72 | KMI | Kinder Morgan Aggressive Push | PairCorr |
| 0.62 | LNG | Cheniere Energy | PairCorr |
| 0.66 | OKE | ONEOK Inc | PairCorr |
| 0.67 | PBA | Pembina Pipeline Corp | PairCorr |
| 0.72 | PBT | Permian Basin Royalty | PairCorr |
| 0.68 | GLOP-PB | GasLog Partners LP | PairCorr |
| 0.66 | GLOP-PA | GasLog Partners LP | PairCorr |
| 0.7 | TRP | TC Energy Corp | PairCorr |
| 0.7 | WMB | Williams Companies | PairCorr |
| 0.78 | GLNG | Golar LNG Limited | PairCorr |
Moving against Antero Stock
| 0.48 | BROGW | Brooge Energy Limited | PairCorr |
| 0.44 | LPG | Dorian LPG | PairCorr |
| 0.45 | IMPP | Imperial Petroleum | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Antero Stock performing well and Antero Midstream 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 Antero Midstream'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WES | 1.05 | 0.01 | (0.04) | 0.12 | 1.39 | 1.94 | 5.82 | |||
| MPLX | 0.63 | 0.18 | 0.19 | 0.54 | 0.26 | 1.69 | 3.20 | |||
| HESM | 0.88 | (0.02) | (0.06) | 0.04 | 1.15 | 1.61 | 5.41 | |||
| PAA | 0.96 | (0.02) | (0.04) | 0.05 | 1.30 | 1.95 | 6.78 | |||
| GEL | 1.45 | (0.29) | 0.00 | (0.22) | 0.00 | 3.25 | 14.40 |
Antero Midstream Corporate Management
| Alvyn Schopp | Chief Admin. Officer of Antero Resources Midstream Management LLC, Regional VP of Antero Resources Midstream Management LLC and Treasurer Antero Resources Midstream Management LLC | Profile | |
| Janine McArdle | Independent Director | Profile | |
| Robert Krcek | Senior Midstream | Profile | |
| Peter Dea | Independent Director | Profile |