Sable Offshore Correlations

SOC Stock

6.40 0.83 11.48%

The current 90-days correlation between Sable Offshore Corp and Kosmos Energy is 0.41 (i.e., Very weak diversification). The correlation of Sable Offshore 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.

Sable Offshore Correlation With Market

Modest diversification

The correlation between Sable Offshore Corp and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sable Offshore Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sable Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sable Offshore Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

Moving together with Sable Stock

0.8	VG	Venture Global, Buyout Trend	Pair Corr
0.65	JGH	Jade Gas Holdings	Pair Corr
0.75	DEC	Diversified Energy	Pair Corr
0.73	MGY	Magnolia Oil Gas	Pair Corr
0.75	KKC	KKR Credit Income	Pair Corr
0.88	MTDR	Matador Resources	Pair Corr
0.64	DEC	Diversified Energy	Pair Corr
0.85	CHRD	Chord Energy Corp	Pair Corr
0.82	CIVI	Civitas Resources	Pair Corr

Moving against Sable Stock

0.94	RCC	Small Cap Premium	Pair Corr
0.87	CNX	CNX Resources Corp	Pair Corr
0.71	CRK	Comstock Resources	Pair Corr
0.68	EQT	EQT Corporation	Pair Corr
0.66	BSM	Black Stone Minerals	Pair Corr
0.64	MUR	Murphy Oil	Pair Corr
0.59	WTI	WT Offshore	Pair Corr
0.5	VIST	Vista Oil Gas	Pair Corr
0.42	WCP	Whitecap Resources	Pair Corr
0.37	BKV	BKV Corporation	Pair Corr
0.31	VET	Vermilion Energy	Pair Corr
0.8	BKRKF	PT Bank Rakyat	Pair Corr
0.63	RF1	Regal Investment	Pair Corr
0.61	SHEL	Shell PLC ADR	Pair Corr
0.61	RKLB	Rocket Lab USA	Pair Corr
0.6	TOU	Tourmaline Oil Corp	Pair Corr
0.49	BORR	Borr Drilling	Pair Corr
0.48	GEBHF	Genting Berhad	Pair Corr
0.41	CTRA	Coterra Energy	Pair Corr
0.36	PCI	Perpetual Credit Income	Pair Corr

Related Correlations Analysis

	KOS	NBR	TNP	BORR	CLNE	TXO	NGL	PDS	GRNT
KOS		-0.59	0.0	-0.21	-0.1	0.84	-0.58	-0.1	0.69	KOS
NBR	-0.59		0.0	0.67	0.23	-0.4	0.74	0.63	-0.21	NBR
TNP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TNP
BORR	-0.21	0.67	0.0		0.13	-0.06	0.65	0.84	0.09	BORR
CLNE	-0.1	0.23	0.0	0.13		-0.33	-0.1	0.15	0.18	CLNE
TXO	0.84	-0.4	0.0	-0.06	-0.33		-0.28	0.11	0.62	TXO
NGL	-0.58	0.74	0.0	0.65	-0.1	-0.28		0.49	-0.26	NGL
PDS	-0.1	0.63	0.0	0.84	0.15	0.11	0.49		0.14	PDS
GRNT	0.69	-0.21	0.0	0.09	0.18	0.62	-0.26	0.14		GRNT
	KOS	NBR	TNP	BORR	CLNE	TXO	NGL	PDS	GRNT

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

TXO	+ 0.84	KOS
PDS	+ 0.84	BORR
NGL	+ 0.74	NBR
GRNT	+ 0.69	KOS
BORR	+ 0.67	NBR
NGL	+ 0.65	BORR

High negative correlations

NBR	- 0.59	KOS
NGL	- 0.58	KOS
TXO	- 0.4	NBR
TXO	- 0.33	CLNE
NGL	- 0.28	TXO
GRNT	- 0.26	NGL

Risk-Adjusted Indicators

There is a big difference between Sable Stock performing well and Sable Offshore 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 Sable Offshore'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
KOS	3.19	(0.33)	0.00	(0.16)	0.00	0.00	6.86	(6.70)	17.71
NBR	3.28	0.32	0.13	0.27	3.13	(4.13)	10.20	(5.89)	24.68
TNP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BORR	3.25	0.71	0.15	6.32	3.44	(3.59)	8.66	(5.94)	19.76
CLNE	2.76	(0.19)	(0.02)	0.02	3.67	(3.08)	6.79	(4.44)	24.88
TXO	1.07	(0.12)	0.00	(0.06)	0.00	0.00	2.04	(2.25)	6.93
NGL	2.54	1.35	0.53	(1.27)	1.14	(3.03)	5.92	(3.05)	22.92
PDS	1.41	0.16	0.02	(18.27)	1.79	(1.46)	2.72	(2.59)	10.31
GRNT	1.89	(0.12)	0.00	(0.05)	0.00	0.00	3.85	(4.51)	11.45

Sable Offshore Corporate Executives

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

	Gregory Patrinely	Executive CFO	Profile
	Doss Bourgeois	Executive COO	Profile

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