VIST: factor decomposition (Energy)

How much of VIST's move over the window is systematic (market, XLE sector-excess, rate-excess via TLT) vs. idiosyncratic (stock-specific).

Return decomposition (log-return points, additive)

Market-3.30ppSector (excess)+43.24ppRate (excess)+1.94ppIdiosyncratic+10.40pp

Factor betas

Beta · Market (SPY)-0.16
Beta · Sector-excess (XLE)+1.06
Beta · Rate-excess (TLT)-0.54
R²0.22
Window2025-08-22 → 2026-09-24 (273 trading days)

Read

Moderate confidence: R² is 0.22; these three factors explain some but not most of VIST's day-to-day variance. Treat the split below as directional.

Of VIST's +52.3pp move over this window, +10.4pp (20% of the total magnitude) is idiosyncratic, not explained by riding market, sector, or rate moves. The rest (+41.9pp) came from systematic exposure: market -3.3pp, sector +43.2pp, rate +1.9pp.

Generated 2026-09-25 07:03 UTC · factor-decomposition · simple 3-factor OLS (market, sector-excess, rate-excess, mutually orthogonalized) · log returns, additive over the window · a transparent estimate, not a commercial risk model: treat betas as directional, always check R² first.