Gulfport Energy Correlations

GPOR Stock

USD 218.58 6.60 3.11%

The current 90-days correlation between Gulfport Energy Operating and Singapore Airlines is 0.02 (i.e., Significant diversification). The correlation of Gulfport Energy 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Gulfport Energy Correlation With Market

Weak diversification

The correlation between Gulfport Energy Operating and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gulfport Energy Operating and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gulfport Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gulfport Energy Operating. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in producer price index.

Moving together with Gulfport Stock

0.76	SD	SandRidge Energy	Pair Corr
0.62	ERHE	ERHC Energy	Pair Corr
0.64	VET	Vermilion Energy	Pair Corr
0.69	GPRK	GeoPark	Pair Corr
0.67	TLK	Telkom Indonesia Tbk	Pair Corr
0.66	PPERY	Bank Mandiri Persero	Pair Corr

Moving against Gulfport Stock

0.61	PCI	Perpetual Credit Income	Pair Corr
0.58	SOC	Sable Offshore Corp Downward Rally	Pair Corr
0.42	NOG	Northern Oil Gas	Pair Corr
0.39	PNRG	PrimeEnergy	Pair Corr
0.35	BRY	Berry Petroleum Corp	Pair Corr
0.34	JGH	Jade Gas Holdings	Pair Corr
0.64	HWH	HWH International	Pair Corr
0.52	TAL	PetroTal Corp	Pair Corr
0.5	PTAIF	PT Astra International	Pair Corr
0.36	CIVI	Civitas Resources	Pair Corr

Related Correlations Analysis

	SINGY	STMEF	LTM	LUV	HMICF	EA	JETMF	KLGG
SINGY		0.39	0.02	-0.29	0.0	-0.22	0.36	0.0	SINGY
STMEF	0.39		-0.13	0.28	0.0	-0.2	-0.41	0.0	STMEF
LTM	0.02	-0.13		0.0	0.0	-0.77	-0.25	0.0	LTM
LUV	-0.29	0.28	0.0		0.0	0.13	-0.46	0.0	LUV
HMICF	0.0	0.0	0.0	0.0		0.0	0.0	1.0	HMICF
EA	-0.22	-0.2	-0.77	0.13	0.0		0.32	0.0	EA
JETMF	0.36	-0.41	-0.25	-0.46	0.0	0.32		0.0	JETMF
KLGG	0.0	0.0	0.0	0.0	1.0	0.0	0.0		KLGG
	SINGY	STMEF	LTM	LUV	HMICF	EA	JETMF	KLGG

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

KLGG	+ 1.0	HMICF
STMEF	+ 0.39	SINGY
JETMF	+ 0.36	SINGY
JETMF	+ 0.32	EA
LUV	+ 0.28	STMEF
EA	+ 0.13	LUV

High negative correlations

EA	- 0.77	LTM
JETMF	- 0.46	LUV
JETMF	- 0.41	STMEF
LUV	- 0.29	SINGY
JETMF	- 0.25	LTM
EA	- 0.22	SINGY

Risk-Adjusted Indicators

There is a big difference between Gulfport Stock performing well and Gulfport Energy 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 Gulfport Energy'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
SINGY	0.62	(0.08)	0.00	(0.17)	0.00	0.00	1.19	(1.44)	5.58
STMEF	1.09	(0.23)	0.00	(0.47)	0.00	0.00	3.09	(4.22)	19.61
LTM	1.53	(0.08)	0.00	(0.03)	0.00	0.00	3.26	(3.47)	9.68
LUV	1.63	0.02	0.02	0.07	2.16	(1.60)	4.22	(3.42)	11.01
HMICF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EA	0.74	0.23	0.24	0.81	0.45	(1.04)	1.47	(0.93)	15.20
JETMF	2.37	(0.09)	0.00	(0.07)	0.00	0.00	4.76	(5.56)	21.42
KLGG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Gulfport Energy Corporate Executives

Elected by the shareholders, the Gulfport Energy's board of directors comprises two types of representatives: Gulfport Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gulfport. The board's role is to monitor Gulfport Energy's management team and ensure that shareholders' interests are well served. Gulfport Energy'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, Gulfport Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Michael CPA	Executive CFO	Profile
	William Buese	Chief Financial Officer	Profile

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