Crescent Energy Correlations

CRGY
 Stock
  

USD 11.28  0.48  4.08%   

The correlation of Crescent Energy is a statistical measure of how it moves in relation to other equities. 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 Crescent Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent Energy 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.
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The ability to find closely correlated positions to Crescent Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent Energy 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 Crescent Energy - 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 Crescent Energy to buy it.

Moving together with Crescent Energy

0.87BRYBerry Pete CorpPairCorr
0.69CEICamber EnergyPairCorr
0.61CHKChesapeake Energy CorpPairCorr
0.88CNQCanadian Natural Res Downward RallyPairCorr
0.9CNXCNX Resources CorpPairCorr
0.61COPConocoPhillipsPairCorr
0.88CPECallon PetroleumPairCorr
0.79CRCCalifornia Resources CorpPairCorr
0.81DENDenburyPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
COPDVN
DDINTC
DVNXOM
COPXOM
CLRXOM
COPCLR
  
High negative correlations   
INTCMRK
DDMRK
OMWSDVN
CLRINTC
OMWSINTC
OMWSDD

Crescent Energy Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Crescent Energy stock performing well and Crescent Energy company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Crescent Energy's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
XOM 2.00  0.24  0.08  0.06  2.97  0.1 (1.71)  3.03 (3.96)  11.86 
VZ 1.07  0.11  0.12  0.03  1.65  0.14 (1.09)  2.30 (2.42)  7.94 
MCD 1.08  0.17  0.17  0.04  1.28  0.16 (1.23)  2.46 (1.98)  7.82 
DVN 2.96  0.10  0.00 (0.12)  0.00  0.013  0.00  5.38 (6.51)  21.16 
MRK 1.07  0.29  0.33  0.38  0.99  0.27 (1.23)  2.16 (1.65)  7.61 
INTC 1.84 (0.23)  0.00 (0.38)  0.00 (0.12)  0.00  3.14 (3.64)  10.50 
CLR 2.76  0.35  0.08  0.08  3.75  0.08 (2.71)  4.45 (5.28)  20.35 
DD 1.55 (0.26)  0.00 (0.41)  0.00 (0.15)  0.00  3.00 (3.87)  9.53 
OMWS 14.58  3.44  0.16 (2.45)  11.68  0.14 (43.65)  53.85 (33.33)  143.71 
COP 2.60  0.02  0.00 (0.18)  0.00 (0.0028)  0.00  4.69 (6.32)  14.73 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Crescent Energy without increasing your portfolio risk or giving up 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.

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Investing Crescent Energy

You need to understand the risk of investing before taking a position in Crescent Energy. The danger of trading Crescent Energy 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 Crescent Energy 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 Crescent Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Crescent Energy 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.
Continue to Trending Equities. Note that the Crescent Energy information on this page should be used as a complementary analysis to other Crescent Energy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .

Complementary Tools for Crescent Stock analysis

When running Crescent Energy price analysis, check to measure Crescent Energy'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 Crescent Energy is operating at the current time. Most of Crescent Energy's value examination focuses on studying past and present price action to predict the probability of Crescent Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Crescent Energy's price. Additionally, you may evaluate how the addition of Crescent Energy to your portfolios can decrease your overall portfolio volatility.
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Is Crescent Energy'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 Crescent Energy. If investors know Crescent 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 Crescent Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Market Capitalization
B
Quarterly Revenue Growth YOY
0.88
Return On Assets
-0.0767
Return On Equity
-0.25
The market value of Crescent Energy is measured differently than its book value, which is the value of Crescent that is recorded on the company's balance sheet. Investors also form their own opinion of Crescent Energy's value that differs from its market value or its book value, called intrinsic value, which is Crescent Energy'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 Crescent Energy's market value can be influenced by many factors that don't directly affect Crescent Energy'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 Crescent Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Crescent Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Crescent Energy'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.