Crescent Energy Correlations
| CRGY Stock | USD 12.20 0.07 0.57% |
The current 90 correlation between Crescent Energy and Permian Resources is 0.43 (i.e., Very weak diversification). The correlation of Crescent 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.
Crescent Energy Correlation With Market
Modest diversification
The correlation between Crescent Energy Co and NYA is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crescent Energy Co and NYA in the same portfolio, assuming nothing else is changed.
Crescent |
Moving together with Crescent Stock
| 0.73 | EP | Empire Petroleum Corp Earnings Call This Week | PairCorr |
| 0.65 | VIST | Vista Oil Gas | PairCorr |
| 0.67 | CNX | CNX Resources Corp Financial Report 25th of July 2024 | PairCorr |
| 0.65 | CRK | Comstock Resources | PairCorr |
| 0.77 | KRP | Kimbell Royalty Partners | PairCorr |
Moving against Crescent Stock
| 0.44 | BRY | Berry Petroleum Corp | PairCorr |
| 0.43 | VTLE | Vital Energy | PairCorr |
| 0.31 | CEI | Camber Energy | PairCorr |
| 0.57 | CRC | California Resources Corp | PairCorr |
| 0.36 | OBE | Obsidian Energy | PairCorr |
| 0.33 | OVV | Ovintiv | PairCorr |
Related Correlations Analysis
| 0.46 | -0.57 | 0.59 | -0.56 | -0.68 | -0.7 | EPM | ||
| 0.46 | 0.21 | 0.85 | 0.21 | -0.02 | -0.15 | REI | ||
| -0.57 | 0.21 | 0.06 | 0.83 | 0.93 | 0.84 | GTE | ||
| 0.59 | 0.85 | 0.06 | 0.03 | -0.18 | -0.26 | PR | ||
| -0.56 | 0.21 | 0.83 | 0.03 | 0.8 | 0.71 | PED | ||
| -0.68 | -0.02 | 0.93 | -0.18 | 0.8 | 0.96 | AR | ||
| -0.7 | -0.15 | 0.84 | -0.26 | 0.71 | 0.96 | EQT | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Crescent Stock performing well and Crescent 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 Crescent 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EPM | 1.60 | (0.09) | 0.00 | (0.04) | 0.00 | 2.73 | 11.08 | |||
| REI | 2.41 | 0.24 | 0.07 | 0.18 | 3.19 | 5.68 | 16.72 | |||
| GTE | 2.04 | 0.80 | 0.33 | 0.64 | 1.80 | 6.23 | 14.51 | |||
| PR | 1.19 | 0.00 | 0.00 | 0.01 | 1.94 | 1.79 | 8.26 | |||
| PED | 2.69 | 0.43 | 0.10 | 1.05 | 3.29 | 5.95 | 19.02 | |||
| AR | 1.50 | 0.36 | 0.21 | 0.28 | 1.54 | 3.69 | 10.19 | |||
| EQT | 1.37 | 0.12 | 0.06 | 0.11 | 1.83 | 3.00 | 8.46 |
Crescent Energy Corporate Management
| Todd Falk | Chief Officer | Profile | |
| Benjamin Conner | Ex Investments | Profile | |
| Emily Newport | Investor Relations | Profile | |
| John Rynd | Executive Investments | Profile | |
| Bo Shi | General Secretary | Profile | |
| David Rockecharlie | CEO Director | Profile | |
| Brandi Kendall | CFO Director | Profile |