Peabody Energy Correlations

Stocks . USA . 
Stock . Peabody Energy Corp
BTU Stock  USD 12.73  1.50  13.36%   
The current 90-days correlation between Peabody Energy Corp and Alliance Resource Partners is 0.42 (i.e., Very weak diversification). The correlation of Peabody 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Peabody Energy Correlation With Market

Very weak diversification

The correlation between Peabody Energy Corp and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Peabody Energy Corp and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Peabody Energy Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Peabody Stock

  0.64ARLP Alliance ResourcePairCorr
  0.78DINO HF Sinclair CorpPairCorr
  0.9DK Delek EnergyPairCorr
  0.76EE Excelerate EnergyPairCorr
  0.83ET Energy Transfer LPPairCorr
  0.94EU enCore Energy CorpPairCorr
  0.93HP Helmerich and PaynePairCorr
  0.98NE Noble plcPairCorr
  0.88PR Permian ResourcesPairCorr
  0.8SD SandRidge EnergyPairCorr
  0.95SM SM EnergyPairCorr
  0.68SU Suncor EnergyPairCorr
  0.85TK Teekay Buyout TrendPairCorr
  0.94DLNG Dynagas LNG PartnersPairCorr
  0.84DMLP Dorchester MineralsPairCorr
  0.89VIST Vista Oil GasPairCorr
  0.82VIVK VivakorPairCorr
  0.83VNOM Viper Energy Ut Sell-off TrendPairCorr
  0.92VTLE Vital EnergyPairCorr
  0.72VTOL Bristow GroupPairCorr
  0.97EFXT EnerflexPairCorr
  0.9EONR EON Resources Symbol ChangePairCorr
  0.88WFRD Weatherford InternationalPairCorr
  0.88FANG Diamondback EnergyPairCorr
  0.91WTTR Select Energy ServicesPairCorr

Moving against Peabody Stock

  0.59NC NACCO IndustriesPairCorr
  0.49AM Antero Midstream PartnersPairCorr
  0.48EC Ecopetrol SA ADRPairCorr
  0.44EPSN Epsilon EnergyPairCorr

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   
ADOOY
+ 0.82
ITAYY
ADOOY
+ 0.51
ARLP
HNRG
+ 0.48
ARLP
ITAYY
+ 0.36
ARLP
HNRG
+ 0.3
NRP
NC
+ 0.3
HNRG
  
High negative correlations   
ADOOY
- 0.76
NC
ITAYY
- 0.68
NC
NC
- 0.16
ARLP
NC
- 0.06
NRP
ADOOY
- 0.05
HNRG
ITAYY
- 0.02
HNRG

Risk-Adjusted Indicators

There is a big difference between Peabody Stock performing well and Peabody 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 Peabody 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.

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