Murphy USA Correlations
| MUSA Stock | USD 416.71 1.36 0.33% |
The correlation of Murphy USA 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 Murphy USA moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Murphy USA 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.
Average diversification
The correlation between Murphy USA and NYA is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Murphy USA and NYA in the same portfolio, assuming nothing else is changed.
Murphy |
The ability to find closely correlated positions to Murphy USA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Murphy USA 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 Murphy USA - 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 Murphy USA to buy it.
Moving together with Murphy Stock
| 0.62 | DIBS | 1StdibsCom Financial Report 8th of May 2024 | PairCorr |
| 0.62 | JD | JD Inc Adr Aggressive Push | PairCorr |
| 0.84 | AEO | American Eagle Outfitters Financial Report 22nd of May 2024 | PairCorr |
| 0.73 | ANF | Abercrombie Fitch Financial Report 22nd of May 2024 | PairCorr |
| 0.68 | AZO | AutoZone Financial Report 28th of May 2024 | PairCorr |
| 0.69 | BBY | Best Buy Financial Report 23rd of May 2024 | PairCorr |
Moving against Murphy Stock
| 0.84 | EXPE | Expedia Group Earnings Call This Week | PairCorr |
| 0.78 | AAN | Aarons | PairCorr |
| 0.66 | BGI | Birks Group | PairCorr |
| 0.53 | WEYS | Weyco Group | PairCorr |
| 0.41 | ETSY | Etsy Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Murphy Stock performing well and Murphy USA 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 Murphy USA'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MPAA | 2.89 | (0.55) | 0.00 | 0.44 | 0.00 | 4.70 | 26.00 | |||
| SMP | 1.47 | (0.22) | 0.00 | 0.74 | 0.00 | 2.57 | 17.75 | |||
| SRI | 1.83 | (0.39) | 0.00 | (0.08) | 0.00 | 3.39 | 12.17 | |||
| PLOW | 1.71 | (0.39) | 0.00 | (0.20) | 0.00 | 2.93 | 14.15 | |||
| DORM | 1.43 | (0.02) | 0.02 | 0.06 | 1.67 | 2.60 | 19.83 | |||
| SUP | 2.84 | 0.20 | 0.08 | 0.20 | 2.85 | 7.57 | 27.73 | |||
| THRM | 1.63 | (0.05) | 0.01 | 0.05 | 1.78 | 3.14 | 25.53 | |||
| CPS | 3.07 | (0.32) | 0.00 | (0.02) | 0.00 | 6.32 | 34.07 | |||
| GNTX | 0.84 | 0.04 | 0.04 | 0.12 | 0.85 | 1.44 | 9.24 | |||
| FOXF | 2.39 | (0.86) | 0.00 | (0.27) | 0.00 | 3.75 | 32.57 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Murphy USA 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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Murphy USA Corporate Directors
Murphy USA corporate directors refer to members of a Murphy USA board of directors. The board of directors generally takes responsibility for the Murphy USA's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Murphy USA's board members must vote for the resolution. The Murphy USA board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Thomas Gattle | Director | Profile | |
| Jeanne Phillips | Independent Director | Profile | |
| Christoph Keller | Director | Profile | |
| Fredric Holliger | Independent Director | Profile |
Already Invested in Murphy USA?
The danger of trading Murphy USA 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 Murphy USA 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 Murphy USA. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Murphy USA 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 Murphy USA offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Murphy USA's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Murphy Usa Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Murphy Usa Stock: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Murphy USA. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. For information on how to trade Murphy Stock refer to our How to Trade Murphy Stock guide.You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Murphy Stock analysis
When running Murphy USA's price analysis, check to measure Murphy USA'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 Murphy USA is operating at the current time. Most of Murphy USA's value examination focuses on studying past and present price action to predict the probability of Murphy USA's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Murphy USA's price. Additionally, you may evaluate how the addition of Murphy USA to your portfolios can decrease your overall portfolio volatility.
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Is Murphy USA'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 Murphy USA. If investors know Murphy 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 Murphy USA listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.345 | Dividend Share 1.55 | Earnings Share 25.48 | Revenue Per Share 895.091 | Quarterly Revenue Growth (0.07) |
The market value of Murphy USA is measured differently than its book value, which is the value of Murphy that is recorded on the company's balance sheet. Investors also form their own opinion of Murphy USA's value that differs from its market value or its book value, called intrinsic value, which is Murphy USA'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 Murphy USA's market value can be influenced by many factors that don't directly affect Murphy USA'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 Murphy USA's value and its price as these two are different measures arrived at by different means. Investors typically determine if Murphy USA is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Murphy USA'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.