Correlation Between Venture Global, and ConocoPhillips

Can any of the company-specific risk be diversified away by investing in both Venture Global, and ConocoPhillips at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Venture Global, and ConocoPhillips into the same portfolio, which is an essential part of the fundamental portfolio management process.

By analyzing existing cross correlation between Venture Global, and ConocoPhillips, you can compare the effects of market volatilities on Venture Global, and ConocoPhillips and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Venture Global, with a short position of ConocoPhillips. Check out your portfolio center. Please also check ongoing floating volatility patterns of Venture Global, and ConocoPhillips.

Diversification Opportunities for Venture Global, and ConocoPhillips

0.51

Correlation Coefficient

Venture Global,  ConocoPhillips

Very weak diversification

The 3 months correlation between Venture and ConocoPhillips is 0.51. Overlapping area represents the amount of risk that can be diversified away by holding Venture Global, and ConocoPhillips in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on ConocoPhillips and Venture Global, is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Venture Global, are associated (or correlated) with ConocoPhillips. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of ConocoPhillips has no effect on the direction of Venture Global, i.e., Venture Global, and ConocoPhillips go up and down completely randomly.

Pair Corralation between Venture Global, and ConocoPhillips

Allowing for the 90-day total investment horizon Venture Global, is expected to under-perform the ConocoPhillips. In addition to that, Venture Global, is 3.03 times more volatile than ConocoPhillips. It trades about -0.22 of its total potential returns per unit of risk. ConocoPhillips is currently generating about 0.06 per unit of volatility. If you would invest  9,158  in ConocoPhillips on September 12, 2025 and sell it today you would earn a total of  513.00  from holding ConocoPhillips or generate 5.6% return on investment over 90 days.

Time Period	3 Months [change]
Direction	Moves Together
Strength	Weak
Accuracy	100.0%
Values	Daily Returns

Venture Global,  vs.  ConocoPhillips

Venture Global,

Risk-Adjusted Performance

Weakest

Over the last 90 days Venture Global, has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Stock's technical and fundamental indicators remain nearly stable which may send shares a bit higher in January 2026. The current disturbance may also be a sign of long-run up-swing for the company stockholders.

ConocoPhillips

Risk-Adjusted Performance

Soft

Compared to the overall equity markets, risk-adjusted returns on investments in ConocoPhillips are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Even with relatively invariable basic indicators, ConocoPhillips is not utilizing all of its potentials. The current stock price agitation, may contribute to short-term losses for the retail investors.

Pair Trading with Venture Global, and ConocoPhillips

The main advantage of trading using opposite Venture Global, and ConocoPhillips positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Venture Global, position performs unexpectedly, ConocoPhillips can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ConocoPhillips will offset losses from the drop in ConocoPhillips' long position.

The idea behind Venture Global, and ConocoPhillips pairs trading is to make the combined position market-neutral, meaning the overall market's direction will not affect its win or loss (or potential downside or upside). This can be achieved by designing a pairs trade with two highly correlated stocks or equities that operate in a similar space or sector, making it possible to obtain profits through simple and relatively low-risk investment.

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Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.