San Juan Correlations

SJT Stock

USD 3.95 0.00 0.00%

The current 90-days correlation between San Juan Basin and Sabine Royalty Trust is 0.4 (i.e., Very weak diversification). The correlation of San Juan 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.

San Juan Correlation With Market

Weak diversification

The correlation between San Juan Basin and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding San Juan Basin and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in San Juan Basin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving against San Stock

0.43	BRY	Berry Petroleum Corp	Pair Corr
0.41	BRN	Barnwell Industries	Pair Corr
0.36	BTE	Baytex Energy Corp	Pair Corr
0.35	EGY	Vaalco Energy	Pair Corr
0.32	EONR	EON Resources Symbol Change	Pair Corr
0.55	TBN	Tamboran Resources	Pair Corr
0.37	PED	PEDEVCO Corp	Pair Corr
0.35	MXC	Mexco Energy	Pair Corr
0.35	REI	Ring Energy	Pair Corr
0.32	MUR	Murphy Oil Fiscal Year End 23rd of January 2025	Pair Corr

Related Correlations Analysis

	SBR	PBT	CRT	MTR	BPT
SBR		0.69	0.0	0.75	-0.57	SBR
PBT	0.69		0.31	0.73	-0.19	PBT
CRT	0.0	0.31		0.23	0.31	CRT
MTR	0.75	0.73	0.23		-0.41	MTR
BPT	-0.57	-0.19	0.31	-0.41		BPT
	SBR	PBT	CRT	MTR	BPT

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

MTR	+ 0.75	SBR
MTR	+ 0.73	PBT
PBT	+ 0.69	SBR
CRT	+ 0.31	PBT
BPT	+ 0.31	CRT
MTR	+ 0.23	CRT

High negative correlations

BPT	- 0.57	SBR
BPT	- 0.41	MTR
BPT	- 0.19	PBT
CRT	- 0.0	SBR

Risk-Adjusted Indicators

There is a big difference between San Stock performing well and San Juan 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 San Juan'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
SBR	0.76	0.05	0.03	0.12	1.11	(0.79)	1.60	(1.38)	8.95
PBT	2.12	(0.07)	0.00	(0.03)	0.00	0.00	4.65	(5.57)	13.89
CRT	1.84	0.09	0.04	0.11	1.81	(2.36)	4.41	(3.20)	14.03
MTR	2.05	0.16	0.07	0.36	1.95	(3.00)	5.28	(3.87)	22.38
BPT	4.41	(0.94)	0.00	(1.74)	0.00	0.00	9.26	(11.90)	40.49

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