YPF Sociedad Correlations

YPF Stock

USD 44.88 0.30 0.67%

The current 90-days correlation between YPF Sociedad Anonima and Ecopetrol SA ADR is 0.32 (i.e., Weak diversification). The correlation of YPF Sociedad 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.

YPF Sociedad Correlation With Market

Average diversification

The correlation between YPF Sociedad Anonima and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding YPF Sociedad Anonima and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in YPF Sociedad Anonima. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with YPF Stock

0.8	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.97	TGS	Transportadora de Gas	Pair Corr
0.84	SLNG	Stabilis Solutions Downward Rally	Pair Corr
0.93	AE	Adams Resources Energy	Pair Corr
0.82	AR	Antero Resources Corp	Pair Corr
0.95	EE	Excelerate Energy	Pair Corr
0.83	EP	Empire Petroleum Corp	Pair Corr
0.97	ET	Energy Transfer LP	Pair Corr
0.81	LB	LandBridge Company	Pair Corr
0.8	NR	Newpark Resources	Pair Corr
0.77	PR	Permian Resources	Pair Corr
0.91	TS	Tenaris SA ADR	Pair Corr
0.93	DLNG	Dynagas LNG Partners	Pair Corr
0.81	DMLP	Dorchester Minerals	Pair Corr
0.87	VIST	Vista Oil Gas	Pair Corr

Moving against YPF Stock

0.93	TTE	TotalEnergies SE ADR	Pair Corr
0.91	E	Eni SpA ADR	Pair Corr
0.79	CVE	Cenovus Energy	Pair Corr
0.71	SHEL	Shell PLC ADR	Pair Corr
0.7	DINO	HF Sinclair Corp	Pair Corr
0.62	BP	BP PLC ADR	Pair Corr
0.45	EC	Ecopetrol SA ADR	Pair Corr
0.82	TK	Teekay	Pair Corr
0.74	EONR	EON Resources Symbol Change	Pair Corr
0.74	APA	APA Corporation	Pair Corr
0.63	DWSN	Dawson Geophysical	Pair Corr
0.61	FLNG	FLEX LNG	Pair Corr
0.53	WFRD	Weatherford International	Pair Corr
0.53	FANG	Diamondback Energy	Pair Corr
0.51	BROGW	Brooge Energy Limited	Pair Corr
0.41	NE	Noble plc	Pair Corr
0.35	SD	SandRidge Energy	Pair Corr

Related Correlations Analysis

	NFG	E	EC	TTE	PBR-A	BP	SHEL	PBR	EQNR	CVE
NFG		-0.46	-0.35	-0.51	-0.05	-0.34	-0.39	-0.07	0.03	-0.33	NFG
E	-0.46		0.5	0.94	0.21	0.7	0.8	0.27	0.37	0.9	E
EC	-0.35	0.5		0.65	0.74	0.88	0.49	0.81	0.74	0.5	EC
TTE	-0.51	0.94	0.65		0.32	0.8	0.83	0.39	0.5	0.86	TTE
PBR-A	-0.05	0.21	0.74	0.32		0.59	0.31	0.97	0.73	0.36	PBR-A
BP	-0.34	0.7	0.88	0.8	0.59		0.69	0.67	0.68	0.68	BP
SHEL	-0.39	0.8	0.49	0.83	0.31	0.69		0.33	0.37	0.69	SHEL
PBR	-0.07	0.27	0.81	0.39	0.97	0.67	0.33		0.76	0.43	PBR
EQNR	0.03	0.37	0.74	0.5	0.73	0.68	0.37	0.76		0.52	EQNR
CVE	-0.33	0.9	0.5	0.86	0.36	0.68	0.69	0.43	0.52		CVE
	NFG	E	EC	TTE	PBR-A	BP	SHEL	PBR	EQNR	CVE

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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

PBR	+ 0.97	PBR-A
TTE	+ 0.94	E
CVE	+ 0.9	E
BP	+ 0.88	EC
CVE	+ 0.86	TTE
SHEL	+ 0.83	TTE

High negative correlations

TTE	- 0.51	NFG
E	- 0.46	NFG
SHEL	- 0.39	NFG
EC	- 0.35	NFG
BP	- 0.34	NFG
CVE	- 0.33	NFG

Risk-Adjusted Indicators

There is a big difference between YPF Stock performing well and YPF Sociedad 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 YPF Sociedad'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
NFG	1.00	(0.02)	(0.03)	0.04	1.36	(1.07)	2.82	(1.86)	8.65
E	0.87	(0.09)	0.00	(1.96)	0.00	0.00	1.51	(2.19)	4.90
EC	1.39	(0.21)	0.00	(4.90)	0.00	0.00	2.97	(3.79)	7.79
TTE	1.04	(0.31)	0.00	3.58	0.00	0.00	1.57	(2.60)	7.40
PBR-A	1.28	(0.11)	0.00	(0.51)	0.00	0.00	2.27	(2.83)	9.20
BP	1.21	(0.13)	0.00	(0.63)	0.00	0.00	1.70	(3.44)	7.70
SHEL	0.94	(0.10)	0.00	1.30	0.00	0.00	1.47	(2.25)	5.88
PBR	1.22	(0.09)	0.00	(0.53)	0.00	0.00	2.32	(2.55)	8.34
EQNR	1.62	(0.09)	0.00	0.26	0.00	0.00	3.30	(3.69)	8.46
CVE	1.39	(0.06)	0.00	0.81	0.00	0.00	2.59	(3.73)	7.99

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