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14-12-2023, 09:03 AM
Dialog is a Bursa Malaysia oil and gas company
I would have thought that a company performance in a sector would be strongly correlated with some key metric in the sector.
In the case of property developers, you would expect their revenue to correlate with housing starts.
But when it comes to Dialog, I found that from 2013 to 2022 there was a negative 0.23 correlation between its revenue and Brent crude oil prices.
![[Image: Dialog-revenue-vs-Brent.png]](https://i.postimg.cc/kGCcqR85/Dialog-revenue-vs-Brent.png)
Is Dialog actually in the oil & gas sector?
For more insights into the sector refer to Are there opportunities in the Bursa Energy Services sector?
I would have thought that a company performance in a sector would be strongly correlated with some key metric in the sector.
In the case of property developers, you would expect their revenue to correlate with housing starts.
But when it comes to Dialog, I found that from 2013 to 2022 there was a negative 0.23 correlation between its revenue and Brent crude oil prices.
Is Dialog actually in the oil & gas sector?
For more insights into the sector refer to Are there opportunities in the Bursa Energy Services sector?