ARTÍCULO
TITULO

CORRELATION BETWEEN OIL AND U.S. STOCK PRICES, WHAT COMPANIES ARE RESILIENT THE MOST IN ENERGY SECTOR

Antonio Marchitelli    
Sandra Kamenkovic    
Zoran Grubi?ic    

Resumen

As OPEC could not recently find an agreement to contain the dramatic oil prices drop, the US, but also worldwide, stock markets have experienced a new decline, limited not only to energy sectors.In this paper we examine the statistical correlation of oil prices (Brent) and US energy sector stocks for the past five years (2011-2015). The analysis is carried out on public available data, such as FRED database (Federal Reserve Bank of St. Louis), with a weekly granularity.The output highlights which companies have the highest degree of resistance to oil price volatility. It puts then in comparison those resilient companies with their degree of integration along the energy operations.As falling oil prices may have impact in different manner on the sub-sectors, some companies may eventually benefit from their positioning along the value chain (downstream vs. upstream segments).

 Artículos similares

       
 
Mngereza Miraji, Jie Liu and Chunmiao Zheng    
River basins around the world face similar issues of water scarcity, deficient infrastructure, and great disparities in water availability between sub-regions, both within and between countries. In this study, different strategies under the Water Evaluat... ver más
Revista: Water

 
Zhenzhen Di, Miao Chang, Peikun Guo, Yang Li and Yin Chang    
Most worldwide industrial wastewater, including in China, is still directly discharged to aquatic environments without adequate treatment. Because of a lack of data and few methods, the relationships between pollutants discharged in wastewater and those ... ver más
Revista: Water

 
Aden Iftin Janjane,Jackson Ndolo Muthini     Pág. 105 - 112
The logistics service industry has evolved quickly to deliver a variety of services including frequently outsourced warehousing, logistics, and freight forwarding, as well as value-added services which include; order management and fulfillment as well as... ver más

 
Richard A. Falk, Ernest R. Blatchley III, Thomas C. Kuechler, Ellen M. Meyer, Stanley R. Pickens and Laura M. Suppes    
Current regulatory codes for swimming pool disinfection separately regulate free chlorine (FC) and cyanuric acid (CYA). It is well-known that CYA affects disinfection rates by reversibly binding to FC in aqueous solutions. However, limits for these regul... ver más
Revista: Water

 
Piotr Lis     Pág. 2 - 6
Dear Readers,I have the pleasure of presenting to you the first issue of our research journal entitled ?Research Papers in Economics and Finance? (REF), published by the Faculty of Economics at Poznan University of Economics and Business. Caring about th... ver más