Southwestern Energy Correlations

SWN
 Stock
  

USD 7.44  0.15  1.98%   

The correlation of Southwestern 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 Southwestern Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Southwestern 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.
Additionally, take a look at World Market Map.
  
The ability to find closely correlated positions to Southwestern 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 Southwestern 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 Southwestern 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 Southwestern Energy to buy it.

Moving together with Southwestern Energy

0.75OXYOccidental Petroleum Corp Upward RallyPairCorr
0.9PXDPioneer Natural ResourcesPairCorr
0.8RRCRange Resources CorpPairCorr
0.95SMSm EnergyPairCorr
0.91XOMExxon Mobil CorpPairCorr
0.84SCCOSouthern Copper CorpPairCorr
0.61SEBSeaboard CorpPairCorr
0.68STLDSteel DynamicsPairCorr
0.7WYWeyerhaeuserPairCorr
0.69XUnited States SteelPairCorr
0.94COPConocoPhillipsPairCorr
0.94EOGEog ResourcesPairCorr
0.91CNQCanadian Natural ResPairCorr

Moving against Southwestern Energy

0.53SAFMSanderson FarmsPairCorr

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   
JPMAXP
JNJT
JPMTRV
JPMXOM
MSFTDIS
BAWMT
  
High negative correlations   

Southwestern Energy Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Southwestern Stock performing well and Southwestern 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 Southwestern 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 1.93  0.03  0.01  0.08  2.55  0.0082 (1.84)  3.33 (3.96)  10.43 
WMT 1.31  0.04  0.01  0.10  2.29  0.0176 (1.17)  2.86 (2.75)  10.88 
T 1.06 (0.17)  0.00 (0.22)  0.00 (0.12)  0.00  1.82 (2.45)  10.60 
DIS 1.80  0.10  0.06  0.12  1.79  0.05 (2.15)  3.98 (3.76)  7.34 
BA 2.32  0.29  0.11  0.23  2.47  0.1 (2.82)  6.13 (4.95)  16.31 
AXP 1.60 (0.04) (0.01)  0.02  2.10 (0.0113) (1.69)  3.79 (3.55)  9.74 
TRV 1.21 (0.06)  0.00 (0.05)  0.00 (0.0498)  0.00  2.28 (2.33)  9.03 
MSFT 1.54  0.06  0.04  0.09  1.89  0.0382 (1.72)  2.98 (4.10)  7.83 
JNJ 0.84 (0.10)  0.00 (0.18)  0.00 (0.11)  0.00  1.75 (2.01)  5.07 
JPM 1.43 (0.08)  0.00 (0.02)  0.00 (0.0379)  0.00  2.98 (2.47)  10.79 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Southwestern Energy 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.

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Southwestern Energy Corporate Directors

Southwestern Energy corporate directors refer to members of a Southwestern Energy board of directors. The board of directors generally takes responsibility for the Southwestern Energy'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 Southwestern Energy's board members must vote for the resolution. The Southwestern Energy board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Gregory Kerley - Independent DirectorProfile
Alan Stevens - Independent DirectorProfile
Anne Taylor - Independent DirectorProfile
Patrick Prevost - Independent DirectorProfile

Invested in Southwestern Energy?

You need to understand the risk of investing before taking a position in Southwestern Energy. The danger of trading Southwestern 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 Southwestern 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 Southwestern Energy. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Southwestern 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.
Additionally, take a look at World Market Map. Note that the Southwestern Energy information on this page should be used as a complementary analysis to other Southwestern 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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When running Southwestern Energy price analysis, check to measure Southwestern 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 Southwestern Energy is operating at the current time. Most of Southwestern Energy's value examination focuses on studying past and present price action to predict the probability of Southwestern Energy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Southwestern Energy's price. Additionally, you may evaluate how the addition of Southwestern Energy to your portfolios can decrease your overall portfolio volatility.
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Is Southwestern 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 Southwestern Energy. If investors know Southwestern 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 Southwestern Energy 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 YOY
-0.62
Market Capitalization
8.5 B
Quarterly Revenue Growth YOY
2.94
Return On Assets
-0.0412
Return On Equity
-1.95
The market value of Southwestern Energy is measured differently than its book value, which is the value of Southwestern that is recorded on the company's balance sheet. Investors also form their own opinion of Southwestern Energy's value that differs from its market value or its book value, called intrinsic value, which is Southwestern 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 Southwestern Energy's market value can be influenced by many factors that don't directly affect Southwestern 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 Southwestern Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine Southwestern Energy value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Southwestern 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.