Consol Energy Correlations
CEIX Stock | USD 107.78 1.27 1.19% |
The current 90-days correlation between Consol Energy and Alliance Resource Partners is 0.47 (i.e., Very weak diversification). The correlation of Consol 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.
Consol Energy Correlation With Market
Very weak diversification
The correlation between Consol Energy and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consol Energy and DJI in the same portfolio, assuming nothing else is changed.
Consol |
Moving together with Consol Stock
0.88 | BTU | Peabody Energy Corp Earnings Call This Week | PairCorr |
0.82 | NRP | Natural Resource Partners | PairCorr |
0.9 | HNRG | Hallador Energy | PairCorr |
0.89 | ARLP | Alliance Resource Earnings Call Tomorrow | PairCorr |
0.7 | AE | Adams Resources Energy | PairCorr |
0.82 | AM | Antero Midstream Partners Earnings Call This Week | PairCorr |
0.89 | EE | Excelerate Energy | PairCorr |
0.75 | ET | Energy Transfer LP | PairCorr |
0.82 | EU | enCore Energy Corp | PairCorr |
0.85 | TS | Tenaris SA ADR | PairCorr |
0.71 | DLNG | Dynagas LNG Partners | PairCorr |
0.72 | DMLP | Dorchester Minerals Earnings Call This Week | PairCorr |
0.72 | VNOM | Viper Energy Ut | PairCorr |
0.86 | EFXT | Enerflex | PairCorr |
0.63 | ENLC | EnLink Midstream LLC | PairCorr |
Moving against Consol Stock
0.66 | EC | Ecopetrol SA ADR | PairCorr |
0.51 | DK | Delek Energy | PairCorr |
0.48 | NR | Newpark Resources | PairCorr |
0.41 | BP | BP PLC ADR Earnings Call This Week | PairCorr |
0.4 | DINO | HF Sinclair Corp | PairCorr |
0.34 | NE | Noble plc | PairCorr |
0.32 | SD | SandRidge Energy | PairCorr |
0.73 | BPT | BP Prudhoe Bay | PairCorr |
0.61 | VIVK | Vivakor | PairCorr |
0.53 | BROGW | Brooge Energy Limited | PairCorr |
0.5 | WFRD | Weatherford International | PairCorr |
0.49 | EONR | EON Resources Symbol Change | PairCorr |
0.47 | BRN | Barnwell Industries | PairCorr |
0.46 | VTLE | Vital Energy | PairCorr |
0.43 | BRY | Berry Petroleum Corp | PairCorr |
0.35 | VTOL | Bristow Group | PairCorr |
0.35 | BTE | Baytex Energy Corp Earnings Call This Week | PairCorr |
Related Correlations Analysis
0.78 | 0.89 | 0.34 | 0.86 | 0.29 | 0.41 | ARLP | ||
0.78 | 0.85 | 0.07 | 0.9 | 0.23 | 0.54 | NRP | ||
0.89 | 0.85 | 0.29 | 0.84 | 0.21 | 0.37 | HNRG | ||
0.34 | 0.07 | 0.29 | 0.1 | -0.34 | -0.39 | NC | ||
0.86 | 0.9 | 0.84 | 0.1 | 0.36 | 0.49 | BTU | ||
0.29 | 0.23 | 0.21 | -0.34 | 0.36 | 0.68 | ITAYY | ||
0.41 | 0.54 | 0.37 | -0.39 | 0.49 | 0.68 | ADOOY | ||
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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 Consol Stock performing well and Consol 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 Consol 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ARLP | 0.90 | 0.00 | (0.01) | 0.07 | 1.39 | 1.83 | 5.90 | |||
NRP | 1.16 | 0.09 | 0.02 | 1.12 | 0.99 | 2.97 | 7.98 | |||
HNRG | 3.82 | 0.38 | 0.08 | 0.26 | 5.03 | 8.62 | 29.64 | |||
NC | 1.59 | (0.37) | 0.00 | (0.29) | 0.00 | 3.07 | 8.52 | |||
BTU | 1.65 | 0.11 | 0.05 | 0.17 | 2.05 | 3.47 | 9.79 | |||
ITAYY | 0.85 | 0.09 | 0.00 | 0.78 | 0.00 | 3.96 | 20.85 | |||
ADOOY | 1.88 | 0.28 | 0.08 | 0.56 | 1.74 | 7.75 | 21.32 |