Empire Petroleum Correlations
| EP Stock | USD 4.83 0.29 5.66% |
The correlation of Empire Petroleum 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Empire Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Empire Petroleum Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between Empire Petroleum Corp and NYA is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Empire Petroleum Corp and NYA in the same portfolio, assuming nothing else is changed.
Empire |
The ability to find closely correlated positions to Empire Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Empire Petroleum when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Empire Petroleum - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Empire Petroleum Corp to buy it.
Moving together with Empire Stock
Moving against Empire Stock
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Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Empire Stock performing well and Empire 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 Empire 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PHX | 1.22 | (0.12) | 0.00 | (0.09) | 0.00 | 2.71 | 6.11 | |||
| MXC | 2.59 | 0.46 | 0.09 | (0.28) | 3.36 | 6.82 | 23.28 | |||
| GRNT | 1.30 | 0.28 | 0.15 | 0.32 | 1.53 | 3.32 | 10.43 | |||
| XLEFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| COCBF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CRT | 1.77 | (0.33) | 0.00 | 0.45 | 0.00 | 3.76 | 17.89 | |||
| VOC | 1.82 | (0.21) | 0.00 | 1.66 | 0.00 | 3.04 | 11.67 | |||
| NRT | 2.87 | 0.39 | 0.09 | (1.29) | 3.17 | 8.41 | 21.47 | |||
| SBR | 1.07 | (0.02) | (0.02) | 0.01 | 1.79 | 1.98 | 8.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Empire Petroleum without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Empire Petroleum Corporate Management
Elected by the shareholders, the Empire Petroleum's board of directors comprises two types of representatives: Empire Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Empire. The board's role is to monitor Empire Petroleum's management team and ensure that shareholders' interests are well served. Empire 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, Empire Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mason Matchske | Director | Profile | |
| Phil Mulacek | Director | Profile | |
| William West | Senior Operations | Profile | |
| Michael Morrisett | President Treasurer, Director | Profile | |
| Angela Baker | Chief Officer | Profile | |
| Stephen Faulkner | Chief Officer | Profile |
Already Invested in Empire Petroleum Corp?
The danger of trading Empire Petroleum Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Empire Petroleum is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Empire Petroleum. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Empire Petroleum Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Empire Petroleum Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Empire Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Empire Petroleum Corp Stock. Highlighted below are key reports to facilitate an investment decision about Empire Petroleum Corp Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Empire Petroleum Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
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When running Empire Petroleum's price analysis, check to measure Empire Petroleum's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Empire Petroleum is operating at the current time. Most of Empire Petroleum's value examination focuses on studying past and present price action to predict the probability of Empire Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Empire Petroleum's price. Additionally, you may evaluate how the addition of Empire Petroleum to your portfolios can decrease your overall portfolio volatility.
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Is Empire Petroleum's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Empire Petroleum. If investors know Empire will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Empire Petroleum listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (0.55) | Revenue Per Share 1.767 | Quarterly Revenue Growth (0.10) | Return On Assets (0.08) | Return On Equity (0.43) |
The market value of Empire Petroleum Corp is measured differently than its book value, which is the value of Empire that is recorded on the company's balance sheet. Investors also form their own opinion of Empire Petroleum's value that differs from its market value or its book value, called intrinsic value, which is Empire Petroleum's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Empire Petroleum's market value can be influenced by many factors that don't directly affect Empire Petroleum's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Empire Petroleum's value and its price as these two are different measures arrived at by different means. Investors typically determine if Empire Petroleum is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Empire Petroleum'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.