Genesis Energy Correlations

GEL Stock

USD 15.34 0.04 0.26%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Genesis Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genesis Energy LP moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Genesis Energy Correlation With Market

Poor diversification

The correlation between Genesis Energy LP and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genesis Energy LP and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Genesis Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genesis Energy LP. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Genesis Stock

0.76	AM	Antero Midstream Partners	Pair Corr
0.63	ENB	Enbridge Sell-off Trend	Pair Corr
0.86	KMI	Kinder Morgan	Pair Corr
0.65	LNG	Cheniere Energy Sell-off Trend	Pair Corr
0.64	PBA	Pembina Pipeline Corp	Pair Corr
0.72	GLOP-PB	GasLog Partners LP	Pair Corr
0.65	GLOP-PC	GasLog Partners LP	Pair Corr
0.66	TRP	TC Energy Corp	Pair Corr
0.74	WMB	Williams Companies	Pair Corr

Moving against Genesis Stock

0.36	PXSAW	Pyxis Tankers	Pair Corr
0.33	VG	Venture Global,	Pair Corr

Related Correlations Analysis

	SMLP	BROG	GPP	HEP	PAA	NS	WES	HESM	CEQP	MPLX
SMLP		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	SMLP
BROG	0.0		0.0	0.0	0.13	0.0	0.32	0.13	0.0	0.23	BROG
GPP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	GPP
HEP	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HEP
PAA	0.0	0.13	0.0	0.0		0.0	0.84	0.92	0.0	0.89	PAA
NS	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	NS
WES	0.0	0.32	0.0	0.0	0.84	0.0		0.92	0.0	0.9	WES
HESM	0.0	0.13	0.0	0.0	0.92	0.0	0.92		0.0	0.9	HESM
CEQP	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CEQP
MPLX	0.0	0.23	0.0	0.0	0.89	0.0	0.9	0.9	0.0		MPLX
	SMLP	BROG	GPP	HEP	PAA	NS	WES	HESM	CEQP	MPLX

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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

HESM	+ 0.92	PAA
HESM	+ 0.92	WES
MPLX	+ 0.9	WES
MPLX	+ 0.9	HESM
MPLX	+ 0.89	PAA
WES	+ 0.84	PAA

High negative correlations

MPLX	- 0.0	CEQP
CEQP	- 0.0	HESM
CEQP	- 0.0	WES
MPLX	- 0.0	NS
CEQP	- 0.0	NS
HESM	- 0.0	NS

Risk-Adjusted Indicators

There is a big difference between Genesis Stock performing well and Genesis 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 Genesis 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
SMLP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BROG	3.24	0.17	0.05	0.75	3.97	(3.87)	7.26	(5.80)	23.07
GPP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
HEP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAA	1.72	(0.15)	0.00	(0.21)	0.00	0.00	2.96	(3.50)	12.22
NS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WES	1.63	0.09	0.04	0.05	2.16	(1.68)	3.33	(3.23)	11.98
HESM	1.46	0.01	0.00	(0.05)	0.00	0.00	3.35	(3.47)	13.00
CEQP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MPLX	1.28	0.00	0.00	(0.06)	0.00	0.00	2.94	(2.61)	10.26

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