Permian Resources Correlations

PR Stock

USD 13.45 0.10 0.74%

The current 90-days correlation between Permian Resources and Diamondback Energy is 0.9 (i.e., Almost no diversification). The correlation of Permian Resources 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.

Permian Resources Correlation With Market

Average diversification

The correlation between Permian Resources and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Permian Resources and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Permian Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Permian Resources. 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.

To learn how to invest in Permian Stock, please use our How to Invest in Permian Resources guide.

Moving together with Permian Stock

0.71	AR	Antero Resources Corp	Pair Corr
0.92	SD	SandRidge Energy	Pair Corr
0.86	SM	SM Energy	Pair Corr
0.66	VIST	Vista Oil Gas	Pair Corr
0.89	VTLE	Vital Energy	Pair Corr
0.76	EPSN	Epsilon Energy	Pair Corr
0.9	FANG	Diamondback Energy	Pair Corr
0.96	APA	APA Corporation Sell-off Trend	Pair Corr
0.91	BKV	BKV Corporation	Pair Corr
0.85	BRY	Berry Petroleum Corp	Pair Corr
0.86	BTE	Baytex Energy Corp Earnings Call This Week	Pair Corr
0.97	CNQ	Canadian Natural Res	Pair Corr
0.74	CNX	CNX Resources Corp Earnings Call This Week	Pair Corr
0.74	COP	ConocoPhillips	Pair Corr
0.9	CRC	California Resources Corp Buyout Trend	Pair Corr
0.77	CRK	Comstock Resources	Pair Corr
0.86	DEC	Diversified Energy	Pair Corr
0.89	DVN	Devon Energy	Pair Corr
0.82	EGY	Vaalco Energy	Pair Corr
0.85	EOG	EOG Resources	Pair Corr
0.89	EPM	Evolution Petroleum	Pair Corr
0.75	EQT	EQT Corporation Earnings Call This Week	Pair Corr
0.77	GTE	Gran Tierra Energy	Pair Corr
0.76	HES	Hess	Pair Corr
0.73	HPK	Highpeak Energy Acqu	Pair Corr
0.86	KOS	Kosmos Energy	Pair Corr
0.93	KRP	Kimbell Royalty Partners	Pair Corr
0.98	MGY	Magnolia Oil Gas	Pair Corr
0.82	MNR	Mach Natural Resources	Pair Corr

Moving against Permian Stock

0.49	ANNAW	AleAnna, Warrant	Pair Corr
0.46	BSM	Black Stone Minerals	Pair Corr
0.43	DMLP	Dorchester Minerals	Pair Corr
0.61	TPL	Texas Pacific Land	Pair Corr
0.46	TXO	MorningStar Partners,	Pair Corr
0.32	REI	Ring Energy	Pair Corr

Related Correlations Analysis

	FANG	AR	VTLE	MGY	CIVI
FANG		0.61	0.95	0.91	0.73	FANG
AR	0.61		0.56	0.67	0.47	AR
VTLE	0.95	0.56		0.89	0.8	VTLE
MGY	0.91	0.67	0.89		0.71	MGY
CIVI	0.73	0.47	0.8	0.71		CIVI
	FANG	AR	VTLE	MGY	CIVI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Permian Stock performing well and Permian Resources 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 Permian Resources' 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
FANG	1.79	0.14	0.02	0.62	1.86	(2.03)	3.74	(2.87)	10.87
AR	1.80	0.22	0.01	(0.39)	2.37	(1.82)	3.93	(3.58)	10.95
VTLE	3.71	0.39	0.06	4.26	4.17	(4.11)	7.48	(7.52)	22.28
MGY	1.64	0.14	0.05	0.35	1.59	(2.03)	3.19	(3.56)	8.87
CIVI	2.80	0.22	0.01	(0.47)	3.13	(2.81)	6.98	(5.50)	16.27

Permian Resources Corporate Management

Charles Osborn	VP Officer	Profile
Jamie Wheat	VP Accounting	Profile
Casey McCain	Senior Operations	Profile
Will Ellison	Vice Midstream	Profile
John JD	Executive Counsel	Profile
James Walter	Director CoCEO	Profile
Ryan Gitomer	Senior Finance	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

2025 Macroaxis LLC