RANGE RESOURCES Related Correlations

RAX Stock

EUR 33.88 0.28 0.83%

Generate correlation matrix for RANGE RESOURCES and other related equities to check the degree to which RANGE RESOURCES price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for RANGE RESOURCES. To filter out specific equities, please toggle its corresponding legend item. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RANGE RESOURCES. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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Please note, there is a significant difference between RANGE RESOURCES's value and its price as these two are different measures arrived at by different means. Investors typically determine if RANGE RESOURCES is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RANGE RESOURCES's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	2P6	A9U	DHR	S5H0	2G0	AFO2	ZVF
2P6		0.0	0.0	0.0	0.0	0.0	0.0	2P6
A9U	0.0		-0.66	-0.56	-0.05	-0.47	-0.31	A9U
DHR	0.0	-0.66		0.69	-0.18	0.54	0.15	DHR
S5H0	0.0	-0.56	0.69		0.01	0.67	0.06	S5H0
2G0	0.0	-0.05	-0.18	0.01		-0.09	0.08	2G0
AFO2	0.0	-0.47	0.54	0.67	-0.09		0.49	AFO2
ZVF	0.0	-0.31	0.15	0.06	0.08	0.49		ZVF
	2P6	A9U	DHR	S5H0	2G0	AFO2	ZVF

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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

S5H0	+ 0.69	DHR
AFO2	+ 0.67	S5H0
AFO2	+ 0.54	DHR
ZVF	+ 0.49	AFO2
ZVF	+ 0.15	DHR
ZVF	+ 0.08	2G0

High negative correlations

DHR	- 0.66	A9U
S5H0	- 0.56	A9U
AFO2	- 0.47	A9U
ZVF	- 0.31	A9U
2G0	- 0.18	DHR
AFO2	- 0.09	2G0

Risk-Adjusted Indicators

There is a big difference between RANGE Stock performing well and RANGE RESOURCES 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 RANGE RESOURCES'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
2P6	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
A9U	1.79	0.02	0.00	0.11	2.92	(2.78)	5.88	(4.58)	21.73
DHR	2.10	0.28	0.06	(0.47)	2.20	(2.47)	4.74	(4.72)	18.67
S5H0	1.80	0.46	0.19	(5.61)	1.63	(2.26)	4.64	(3.09)	12.63
2G0	1.80	(0.01)	0.00	0.12	0.00	0.00	3.89	(3.24)	15.35
AFO2	0.85	0.15	0.04	(1.23)	0.94	(1.15)	1.54	(1.52)	5.65
ZVF	1.54	0.03	0.00	0.05	0.00	0.00	5.56	(5.26)	11.15

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RANGE RESOURCES Related Correlations

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