Range Resources Correlations

RRC Stock

USD 29.82 0.21 0.70%

The current 90-days correlation between Range Resources Corp and Chesapeake Energy is 0.16 (i.e., Average diversification). The correlation of Range 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.

Range Resources Correlation With Market

Weak diversification

The correlation between Range Resources Corp and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Range Resources Corp and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Range Stock

0.92	AR	Antero Resources Corp	Pair Corr
0.69	EPSN	Epsilon Energy	Pair Corr
0.75	BSM	Black Stone Minerals	Pair Corr
0.63	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.72	CRC	California Resources Corp	Pair Corr
0.78	CRK	Comstock Resources	Pair Corr
0.67	EPM	Evolution Petroleum	Pair Corr
0.72	EQT	EQT Corporation	Pair Corr
0.67	EXE	Expand Energy Symbol Change	Pair Corr
0.61	GFR	Greenfire Resources	Pair Corr
0.72	HES	Hess	Pair Corr
0.84	KRP	Kimbell Royalty Partners	Pair Corr

Moving against Range Stock

0.36

AETUF

ARC Resources

Pair Corr

Related Correlations Analysis

	CHK	AR	EQT	CRK	PR	SWN	FANG	EOG	CTRA	MGY
CHK		-0.17	-0.38	-0.2	0.25	0.94	0.33	-0.09	0.11	-0.17	CHK
AR	-0.17		0.62	0.67	0.58	-0.14	0.28	0.62	0.73	0.65	AR
EQT	-0.38	0.62		0.87	0.07	-0.27	-0.23	0.32	0.4	0.7	EQT
CRK	-0.2	0.67	0.87		0.36	-0.1	0.06	0.52	0.52	0.77	CRK
PR	0.25	0.58	0.07	0.36		0.23	0.87	0.84	0.79	0.65	PR
SWN	0.94	-0.14	-0.27	-0.1	0.23		0.28	-0.1	0.11	-0.12	SWN
FANG	0.33	0.28	-0.23	0.06	0.87	0.28		0.75	0.68	0.42	FANG
EOG	-0.09	0.62	0.32	0.52	0.84	-0.1	0.75		0.79	0.8	EOG
CTRA	0.11	0.73	0.4	0.52	0.79	0.11	0.68	0.79		0.72	CTRA
MGY	-0.17	0.65	0.7	0.77	0.65	-0.12	0.42	0.8	0.72		MGY
	CHK	AR	EQT	CRK	PR	SWN	FANG	EOG	CTRA	MGY

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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

SWN	+ 0.94	CHK
CRK	+ 0.87	EQT
FANG	+ 0.87	PR
EOG	+ 0.84	PR
MGY	+ 0.8	EOG
CTRA	+ 0.79	PR

High negative correlations

EQT	- 0.38	CHK
SWN	- 0.27	EQT
FANG	- 0.23	EQT
CRK	- 0.2	CHK
MGY	- 0.17	CHK
AR	- 0.17	CHK

Risk-Adjusted Indicators

There is a big difference between Range Stock performing well and Range 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 Range 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
CHK	1.21	0.01	(0.04)	0.00	1.47	(1.29)	2.63	(2.45)	5.88
AR	1.81	(0.24)	0.00	(0.11)	0.00	0.00	3.61	(4.91)	13.54
EQT	1.59	0.05	0.02	0.10	2.03	(1.70)	3.38	(3.44)	10.15
CRK	2.44	0.26	0.09	0.21	2.88	(2.46)	5.47	(5.86)	17.45
PR	1.70	(0.19)	0.00	(0.09)	0.00	0.00	2.95	(3.90)	9.70
SWN	1.27	0.09	0.02	(0.75)	1.50	(1.37)	2.82	(2.32)	6.63
FANG	1.67	(0.20)	0.00	(0.16)	0.00	0.00	2.97	(4.31)	9.66
EOG	1.07	(0.04)	0.00	(0.04)	0.00	0.00	1.92	(2.88)	7.00
CTRA	1.15	(0.20)	0.00	(0.18)	0.00	0.00	1.94	(2.43)	5.08
MGY	1.55	(0.08)	0.00	(0.01)	0.00	0.00	2.56	(3.79)	8.58

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