ConocoPhillips Correlations

COP Stock

USD 120.26 3.23 2.76%

The current 90-days correlation between ConocoPhillips and Enbridge is -0.18 (i.e., Good diversification).The rolling correlation of ConocoPhillips with major benchmarks helps investors assess how its diversification benefit changes during periods of stress versus calm markets.

Market Correlation Summary - ConocoPhillips

Significant diversification

Across the chosen horizon, COP and DJI show a correlation of 0.06 and fall into the Significant diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with ConocoPhillips Stock

ConocoPhillips has a market cap of 147 B, operating margin of 16.3%, ROE of 12.36%. See Trending Equities for portfolio-level analysis. This suggests a position in ConocoPhillips inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Ready to invest in ConocoPhillips Stock? Our How to Invest in ConocoPhillips guide walks you through the process.

Moving together with ConocoPhillips Stock

0.91	FANG	Diamondback Energy	Pair Corr
0.96	EOG	EOG Resources	Pair Corr
0.78	EQT	EQT Corporation	Pair Corr
0.97	MGY	Magnolia Oil Gas	Pair Corr
0.69	MXC	Mexco Energy	Pair Corr
0.94	NOG	Northern Oil Gas	Pair Corr
0.8	PED	PEDEVCO Corp	Pair Corr
0.81	RRC	Range Resources Corp	Pair Corr
0.91	EOG	Eco Atlantic Oil	Pair Corr
0.96	WDS	Woodside Energy Group	Pair Corr
0.95	WTI	WT Offshore Upward Rally	Pair Corr
0.84	NSE	New Stratus Energy	Pair Corr
0.9	HME	Hemisphere Energy	Pair Corr
0.9	OYL	CGX Energy Earnings Call This Week	Pair Corr
0.75	AFE	Africa Energy Corp	Pair Corr
0.96	CNQ	Canadian Natural	Pair Corr
0.87	AXL	Arrow Exploration Corp	Pair Corr
0.94	IPO	InPlay Oil Corp Earnings Call Today	Pair Corr
0.95	SHEL	Shell PLC ADR	Pair Corr
0.72	BATL	Battalion Oil Corp Upward Rally	Pair Corr

Moving against ConocoPhillips Stock

0.63	KKC	KKR Credit Income	Pair Corr
0.46	VIVK	Vivakor	Pair Corr
0.33	EXE	Expand Energy	Pair Corr
0.72	ORC-A	Orca Energy Group	Pair Corr
0.44	OACCU	Oaktree Acquisition Corp	Pair Corr
0.4	DECAU	Denali Capital	Pair Corr

Related Correlations Analysis

	ENB	CNQ	TTE	EOG	PBR	EPD	PBR-A	BP	FANG	EQNR
ENB		0.96	0.92	0.95	0.89	0.95	0.89	0.88	0.95	0.93	ENB
CNQ	0.96		0.97	0.98	0.97	0.96	0.96	0.95	0.93	0.98	CNQ
TTE	0.92	0.97		0.93	0.97	0.96	0.97	0.94	0.9	0.94	TTE
EOG	0.95	0.98	0.93		0.92	0.95	0.92	0.93	0.94	0.96	EOG
PBR	0.89	0.97	0.97	0.92		0.93	1.0	0.96	0.89	0.96	PBR
EPD	0.95	0.96	0.96	0.95	0.93		0.93	0.91	0.93	0.94	EPD
PBR-A	0.89	0.96	0.97	0.92	1.0	0.93		0.96	0.9	0.96	PBR-A
BP	0.88	0.95	0.94	0.93	0.96	0.91	0.96		0.9	0.94	BP
FANG	0.95	0.93	0.9	0.94	0.89	0.93	0.9	0.9		0.9	FANG
EQNR	0.93	0.98	0.94	0.96	0.96	0.94	0.96	0.94	0.9		EQNR
	ENB	CNQ	TTE	EOG	PBR	EPD	PBR-A	BP	FANG	EQNR

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Risk-Adjusted Indicators

There is a big difference between ConocoPhillips Stock performing well and ConocoPhillips 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 ConocoPhillips' 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
ENB	0.82	0.18	0.18	-1.91	1.06	-0.86	1.68	-1.89	7.20
CNQ	1.58	0.53	0.31	-3.86	1.57	-1.89	3.37	-1.99	8.29
TTE	1.13	0.37	0.28	-5.70	1.15	-1.27	3.10	-2.15	7.51
EOG	1.53	0.27	0.20	-1.87	1.41	-1.76	3.61	-2.45	7.77
PBR	1.54	0.73	0.57	-3.68	0.69	-2.01	4.74	-2.02	8.96
EPD	0.74	0.19	0.27	-4.17	0.60	-0.85	1.94	-1.33	6.80
PBR-A	1.47	0.64	0.49	-6.98	0.81	-1.90	4.47	-1.53	8.35
BP	1.47	0.27	0.15	-12.89	2.00	-1.60	3.09	-3.55	8.88
FANG	1.59	0.16	0.12	-0.75	1.72	-1.82	3.64	-3.24	8.37
EQNR	1.76	0.64	0.34	-3.17	1.46	-1.98	3.90	-3.37	10.96

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