Indonesia Energy Correlations

INDO Stock

USD 4.17 0.47 12.70%

The current 90-days correlation between Indonesia Energy and Mexco Energy is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Indonesia Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Indonesia Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Indonesia Energy Correlation With Market

Very good diversification

The correlation between Indonesia Energy and DJI is -0.43 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Indonesia Energy and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indonesia 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 unemployment.

To learn how to invest in Indonesia Stock, please use our How to Invest in Indonesia Energy guide.

Moving together with Indonesia Stock

0.71	DMLP	Dorchester Minerals	Pair Corr
0.69	EPSN	Epsilon Energy	Pair Corr
0.68	CNQ	Canadian Natural Res	Pair Corr
0.62	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.61	CRK	Comstock Resources	Pair Corr
0.63	EOG	EOG Resources	Pair Corr
0.62	EXE	Expand Energy Symbol Change	Pair Corr

Moving against Indonesia Stock

0.43	AETUF	ARC Resources	Pair Corr
0.32	BRN	Barnwell Industries	Pair Corr
0.33	TBN	Tamboran Resources	Pair Corr

Related Correlations Analysis

	HUSA	BRN	MXC	PHX	COCBF	REI	PVL	GTE
HUSA		-0.29	0.27	0.24	0.37	-0.14	-0.25	0.15	HUSA
BRN	-0.29		-0.09	-0.67	0.05	0.77	0.49	0.55	BRN
MXC	0.27	-0.09		0.23	0.28	-0.2	0.05	-0.33	MXC
PHX	0.24	-0.67	0.23		-0.02	-0.62	-0.13	-0.55	PHX
COCBF	0.37	0.05	0.28	-0.02		0.11	-0.06	-0.05	COCBF
REI	-0.14	0.77	-0.2	-0.62	0.11		0.64	0.78	REI
PVL	-0.25	0.49	0.05	-0.13	-0.06	0.64		0.44	PVL
GTE	0.15	0.55	-0.33	-0.55	-0.05	0.78	0.44		GTE
	HUSA	BRN	MXC	PHX	COCBF	REI	PVL	GTE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GTE	+ 0.78	REI
REI	+ 0.77	BRN
PVL	+ 0.64	REI
GTE	+ 0.55	BRN
PVL	+ 0.49	BRN
GTE	+ 0.44	PVL

High negative correlations

PHX	- 0.67	BRN
REI	- 0.62	PHX
GTE	- 0.55	PHX
GTE	- 0.33	MXC
BRN	- 0.29	HUSA
PVL	- 0.25	HUSA

Risk-Adjusted Indicators

There is a big difference between Indonesia Stock performing well and Indonesia 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 Indonesia 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
HUSA	5.58	0.39	0.04	(0.07)	6.12	(6.87)	17.32	(13.02)	39.20
BRN	1.92	(0.30)	0.00	(0.27)	0.00	0.00	4.10	(4.26)	16.22
MXC	3.23	0.33	0.06	(0.22)	3.81	(3.51)	8.73	(7.99)	25.28
PHX	0.97	0.15	0.10	0.33	1.04	(1.27)	2.80	(1.65)	8.16
COCBF	3.01	0.79	0.00	(0.48)	0.00	0.00	0.00	0.00	150.00
REI	2.63	(0.44)	0.00	(0.19)	0.00	0.00	4.43	(5.81)	17.21
PVL	2.06	0.00	0.00	0.03	2.33	(2.65)	3.90	(4.79)	21.81
GTE	2.43	(0.57)	0.00	(0.37)	0.00	0.00	4.01	(7.54)	13.82

Indonesia Energy Corporate Management

Frank Ingriselli	President	Profile
Mirza Said	Chief Director	Profile
James CFA	Chief CoFounder	Profile
Chia Wu	Chief Officer	Profile
Gregory Overholtzer	Chief Officer	Profile
Wirawan Jusuf	Chairman CoFounder	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC