Tamboran Resources Correlations

TBN Stock

17.25 0.28 1.65%

The current 90-days correlation between Tamboran Resources and Sabine Royalty Trust is 0.34 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tamboran Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tamboran Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tamboran Resources Correlation With Market

Average diversification

The correlation between Tamboran Resources and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tamboran Resources 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 Tamboran 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 bureau of labor statistics.

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

Moving together with Tamboran Stock

0.65	EONR	EON Resources Symbol Change	Pair Corr
0.64	FANG	Diamondback Energy	Pair Corr
0.68	APA	APA Corporation	Pair Corr
0.82	BRN	Barnwell Industries	Pair Corr
0.78	BRY	Berry Petroleum Corp	Pair Corr
0.8	BTE	Baytex Energy Corp	Pair Corr
0.78	DVN	Devon Energy	Pair Corr
0.81	EGY	Vaalco Energy	Pair Corr
0.66	GFR	Greenfire Resources	Pair Corr
0.72	KOS	Kosmos Energy	Pair Corr
0.74	MUR	Murphy Oil Fiscal Year End 23rd of January 2025	Pair Corr
0.74	MXC	Mexco Energy	Pair Corr

Moving against Tamboran Stock

0.89	VIST	Vista Oil Gas	Pair Corr
0.83	DEC	Diversified Energy	Pair Corr
0.81	CRK	Comstock Resources	Pair Corr
0.71	EP	Empire Petroleum Corp Upward Rally	Pair Corr
0.69	DMLP	Dorchester Minerals	Pair Corr
0.62	BKV	BKV Corporation	Pair Corr
0.59	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.57	AR	Antero Resources Corp	Pair Corr
0.39	PR	Permian Resources	Pair Corr
0.35	VTLE	Vital Energy	Pair Corr
0.9	PHX	PHX Minerals	Pair Corr
0.75	EXE	Expand Energy Symbol Change	Pair Corr
0.72	EQT	EQT Corporation	Pair Corr
0.64	RRC	Range Resources Corp	Pair Corr
0.57	TPL	Texas Pacific Land	Pair Corr
0.45	NOG	Northern Oil Gas	Pair Corr
0.41	GTE	Gran Tierra Energy	Pair Corr

Related Correlations Analysis

	SBR	CRT	MVO	SJT	GULTU	VOC	NRT	MTR	PRT
SBR		0.0	-0.45	0.55	0.79	-0.12	-0.67	0.75	-0.27	SBR
CRT	0.0		0.51	0.44	-0.27	0.5	0.38	0.23	0.61	CRT
MVO	-0.45	0.51		-0.26	-0.62	0.42	0.76	-0.34	0.65	MVO
SJT	0.55	0.44	-0.26		0.35	0.22	-0.32	0.57	0.13	SJT
GULTU	0.79	-0.27	-0.62	0.35		-0.3	-0.73	0.59	-0.5	GULTU
VOC	-0.12	0.5	0.42	0.22	-0.3		0.35	0.05	0.54	VOC
NRT	-0.67	0.38	0.76	-0.32	-0.73	0.35		-0.58	0.44	NRT
MTR	0.75	0.23	-0.34	0.57	0.59	0.05	-0.58		0.01	MTR
PRT	-0.27	0.61	0.65	0.13	-0.5	0.54	0.44	0.01		PRT
	SBR	CRT	MVO	SJT	GULTU	VOC	NRT	MTR	PRT

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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

GULTU	+ 0.79	SBR
NRT	+ 0.76	MVO
MTR	+ 0.75	SBR
PRT	+ 0.65	MVO
PRT	+ 0.61	CRT
MTR	+ 0.59	GULTU

High negative correlations

NRT	- 0.73	GULTU
NRT	- 0.67	SBR
GULTU	- 0.62	MVO
MTR	- 0.58	NRT
PRT	- 0.5	GULTU
MVO	- 0.45	SBR

Risk-Adjusted Indicators

There is a big difference between Tamboran Stock performing well and Tamboran 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 Tamboran 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
SBR	0.76	0.05	0.03	0.12	1.11	(0.79)	1.60	(1.38)	8.95
CRT	1.84	0.09	0.04	0.11	1.81	(2.36)	4.41	(3.20)	14.03
MVO	1.35	(0.15)	0.00	1.98	0.00	0.00	2.95	(3.49)	9.34
SJT	2.32	0.13	0.05	0.13	2.28	(3.11)	5.57	(4.19)	16.89
GULTU	5.08	0.93	0.10	0.65	5.13	(9.35)	8.33	(10.71)	51.10
VOC	1.55	0.02	0.00	0.11	2.05	(1.54)	2.80	(3.18)	11.00
NRT	2.03	(0.38)	0.00	(0.63)	0.00	0.00	4.18	(4.33)	20.43
MTR	2.05	0.16	0.07	0.36	1.95	(3.00)	5.28	(3.87)	22.38
PRT	1.38	(0.20)	0.00	(0.79)	0.00	0.00	2.36	(3.40)	8.19

Tamboran Resources Corporate Management

Eric Dyer	Chief Officer	Profile
Rohan Vardaro	Company Secretary	Profile
Michael Irving	Executive Infrastructure	Profile
Faron Thibodeaux	Chief Officer	Profile
Chris Morbey	Vice Relations	Profile
Mike Flynn	Executive Marketing	Profile

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