Kosmos Energy Correlations

KOS Stock

USD 1.60 0.05 3.03%

The current 90-days correlation between Kosmos Energy and Magnolia Oil Gas is 0.76 (i.e., Poor diversification). The correlation of Kosmos 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.

Kosmos Energy Correlation With Market

Modest diversification

The correlation between Kosmos Energy and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kosmos Energy and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kosmos Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kosmos 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 metropolitan statistical area.

For more information on how to buy Kosmos Stock please use our How to Invest in Kosmos Energy guide.

Moving together with Kosmos Stock

0.67	CLON	Clontarf Energy Plc	Pair Corr
0.65	VG	Venture Global,	Pair Corr
0.8	DMLP	Dorchester Minerals	Pair Corr
0.69	VIST	Vista Oil Gas	Pair Corr
0.7	VTLE	Vital Energy	Pair Corr
0.67	EPSN	Epsilon Energy	Pair Corr
0.71	CDR	Condor Energies	Pair Corr

Moving against Kosmos Stock

0.66	RBY	Rubellite Energy	Pair Corr
0.63	JGH	Jade Gas Holdings	Pair Corr
0.61	SDE	Spartan Delta Corp	Pair Corr
0.55	SD	SandRidge Energy	Pair Corr
0.43	CDA	Canuc Resources Corp	Pair Corr
0.75	LGN	Logan Energy Corp	Pair Corr
0.72	EFXT	Enerflex	Pair Corr
0.55	SEPL	Seplat Petroleum Dev	Pair Corr
0.51	KKO	Kinetiko Energy	Pair Corr
0.4	OBE	Obsidian Energy	Pair Corr
0.35	PSK	PrairieSky Royalty Earnings Call This Week	Pair Corr
0.32	EONR	EON Resources	Pair Corr
0.64	CEQ	Criterium Energy	Pair Corr
0.63	CAD	Cadogan Petroleum plc	Pair Corr
0.58	VSR	Voltaic Strategic	Pair Corr
0.54	RG8	Regal Asian Investments	Pair Corr
0.35	ROK	ROK Resources	Pair Corr
0.34	MMR	Mec Resources	Pair Corr

Related Correlations Analysis

	MGY	MTDR	EXE	REI	AR	SM	PBF
MGY		0.22	-0.06	0.56	-0.15	0.63	0.49	MGY
MTDR	0.22		-0.18	-0.42	0.29	0.79	-0.26	MTDR
EXE	-0.06	-0.18		0.14	0.78	-0.36	0.43	EXE
REI	0.56	-0.42	0.14		-0.27	-0.14	0.8	REI
AR	-0.15	0.29	0.78	-0.27		-0.04	0.16	AR
SM	0.63	0.79	-0.36	-0.14	-0.04		-0.13	SM
PBF	0.49	-0.26	0.43	0.8	0.16	-0.13		PBF
	MGY	MTDR	EXE	REI	AR	SM	PBF

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

PBF	+ 0.8	REI
SM	+ 0.79	MTDR
AR	+ 0.78	EXE
SM	+ 0.63	MGY
REI	+ 0.56	MGY
PBF	+ 0.49	MGY

High negative correlations

REI	- 0.42	MTDR
SM	- 0.36	EXE
AR	- 0.27	REI
PBF	- 0.26	MTDR
EXE	- 0.18	MTDR
AR	- 0.15	MGY

Risk-Adjusted Indicators

There is a big difference between Kosmos Stock performing well and Kosmos 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 Kosmos 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
MGY	1.56	(0.07)	0.00	(0.01)	0.00	0.00	3.01	(3.98)	8.55
MTDR	1.91	(0.32)	0.00	(0.20)	0.00	0.00	3.47	(4.12)	11.51
EXE	1.28	(0.02)	0.00	(0.06)	0.00	0.00	2.50	(2.48)	12.30
REI	3.04	0.37	0.10	0.25	3.59	(3.60)	6.67	(6.67)	23.31
AR	1.65	(0.16)	0.00	(0.33)	0.00	0.00	3.28	(4.26)	13.83
SM	2.32	(0.37)	0.00	(0.14)	0.00	0.00	4.72	(5.05)	14.29
PBF	2.94	(0.01)	0.01	0.04	3.63	(3.06)	6.16	(6.01)	15.64

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