Evolution Petroleum Correlations
| EPM Stock | USD 5.23 0.11 2.15% |
The current 90-days correlation between Evolution Petroleum and PEDEVCO Corp is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Evolution Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Evolution Petroleum moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Evolution Petroleum Correlation With Market
Modest diversification
The correlation between Evolution Petroleum and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evolution Petroleum and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Evolution Stock
| 0.81 | APA | APA Corporation | PairCorr |
| 0.67 | BTE | Baytex Energy Corp Aggressive Push | PairCorr |
| 0.69 | COP | ConocoPhillips | PairCorr |
| 0.64 | CRC | California Resources Corp | PairCorr |
| 0.81 | DVN | Devon Energy | PairCorr |
| 0.77 | EGY | Vaalco Energy | PairCorr |
| 0.69 | MGY | Magnolia Oil Gas | PairCorr |
Moving against Evolution Stock
| 0.49 | VIST | Vista Oil Gas | PairCorr |
| 0.46 | DMLP | Dorchester Minerals | PairCorr |
| 0.35 | AR | Antero Resources Corp | PairCorr |
| 0.33 | EPSN | Epsilon Energy | PairCorr |
| 0.48 | EXE | Expand Energy Symbol Change | PairCorr |
| 0.43 | EQT | EQT Corporation | PairCorr |
| 0.41 | CNX | CNX Resources Corp | PairCorr |
| 0.38 | CRK | Comstock Resources | PairCorr |
| 0.38 | HPK | Highpeak Energy Acqu | PairCorr |
| 0.36 | RRC | Range Resources Corp | PairCorr |
| 0.36 | TXO | MorningStar Partners, | PairCorr |
Related Correlations Analysis
| 0.75 | 0.8 | -0.04 | 0.27 | 0.5 | INDO | ||
| 0.75 | 0.69 | -0.29 | 0.12 | 0.58 | USEG | ||
| 0.8 | 0.69 | -0.36 | 0.25 | 0.56 | PED | ||
| -0.04 | -0.29 | -0.36 | 0.33 | -0.42 | REI | ||
| 0.27 | 0.12 | 0.25 | 0.33 | 0.12 | IMPP | ||
| 0.5 | 0.58 | 0.56 | -0.42 | 0.12 | NINE | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Evolution Stock performing well and Evolution Petroleum 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 Evolution Petroleum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INDO | 4.75 | 1.10 | 0.07 | (0.11) | 6.82 | 9.60 | 75.08 | |||
| USEG | 4.28 | 0.06 | 0.02 | 0.12 | 4.89 | 8.66 | 77.81 | |||
| PED | 2.27 | 0.02 | 0.00 | 0.06 | 0.00 | 5.17 | 22.11 | |||
| REI | 2.98 | 0.50 | 0.11 | 2.44 | 3.33 | 6.82 | 21.91 | |||
| IMPP | 1.89 | 0.36 | 0.12 | 8.38 | 2.03 | 4.71 | 9.92 | |||
| NINE | 5.88 | 0.98 | 0.07 | (0.26) | 7.45 | 13.59 | 83.33 |
Evolution Petroleum Corporate Executives
Elected by the shareholders, the Evolution Petroleum's board of directors comprises two types of representatives: Evolution Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Evolution. The board's role is to monitor Evolution Petroleum's management team and ensure that shareholders' interests are well served. Evolution Petroleum's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Evolution Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ryan Stash | Chief Financial Officer | Profile |