ProFrac Holding Correlations
| ACDC Stock | USD 8.19 0.17 2.12% |
The current 90-days correlation between ProFrac Holding Corp and ProPetro Holding Corp is 0.53 (i.e., Very weak diversification). The correlation of ProFrac Holding is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
ProFrac Holding Correlation With Market
Significant diversification
The correlation between ProFrac Holding Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProFrac Holding Corp and DJI in the same portfolio, assuming nothing else is changed.
Moving together with ProFrac Stock
| 0.73 | TS | Tenaris SA ADR Earnings Call This Week | PairCorr |
| 0.65 | VTOL | Bristow Group Earnings Call This Week | PairCorr |
| 0.84 | EFXT | Enerflex | PairCorr |
| 0.64 | WFRD | Weatherford International | PairCorr |
| 0.78 | DTI | Drilling Tools Inter | PairCorr |
| 0.71 | FET | Forum Energy Technologies Earnings Call This Week | PairCorr |
| 0.81 | FTI | TechnipFMC PLC Upward Rally | PairCorr |
| 0.77 | FTK | Flotek Industries Potential Growth | PairCorr |
| 0.63 | MRC | MRC Global | PairCorr |
| 0.87 | NGS | Natural Gas Services | PairCorr |
| 0.66 | NOA | North American Const | PairCorr |
| 0.73 | NOV | NOV Inc | PairCorr |
| 0.78 | OII | Oceaneering International Buyout Trend | PairCorr |
| 0.75 | OIS | Oil States International Earnings Call This Week | PairCorr |
| 0.72 | XPRO | Expro Group Holdings Earnings Call This Week | PairCorr |
| 0.79 | SEI | Solaris Energy Infra Symbol Change | PairCorr |
| 0.73 | TDW | Tidewater | PairCorr |
| 0.7 | TTI | Tetra Technologies Earnings Call This Week | PairCorr |
| 0.76 | VAL | Valaris Earnings Call This Week | PairCorr |
| 0.83 | WHD | Cactus Inc Earnings Call This Week | PairCorr |
| 0.68 | NESRW | National Energy Services | PairCorr |
Moving against ProFrac Stock
| 0.78 | FLOC | Flowco Holdings | PairCorr |
| 0.55 | STAK | STAK Ordinary Shares | PairCorr |
| 0.32 | NESR | National Energy Services | PairCorr |
Related Correlations Analysis
| 0.68 | 0.31 | 0.16 | 0.53 | 0.14 | 0.67 | FTK | ||
| 0.68 | 0.68 | 0.45 | 0.8 | 0.07 | 0.79 | PUMP | ||
| 0.31 | 0.68 | 0.69 | 0.41 | -0.38 | 0.61 | LBRT | ||
| 0.16 | 0.45 | 0.69 | 0.1 | -0.3 | 0.48 | KLXE | ||
| 0.53 | 0.8 | 0.41 | 0.1 | 0.32 | 0.51 | WFRD | ||
| 0.14 | 0.07 | -0.38 | -0.3 | 0.32 | -0.02 | CHX | ||
| 0.67 | 0.79 | 0.61 | 0.48 | 0.51 | -0.02 | CRGY | ||
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Correlation Matchups
Over a given time period, the two securities move together 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ProFrac Stock performing well and ProFrac Holding Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ProFrac Holding's multiple risk-adjusted performance indicators across the competitive landscape. 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 | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTK | 3.42 | 0.74 | 0.34 | 0.65 | 1.99 | 9.24 | 49.15 | |||
| PUMP | 2.77 | 0.03 | 0.04 | 0.26 | 3.09 | 7.63 | 18.59 | |||
| LBRT | 2.75 | (0.11) | 0.01 | 0.16 | 3.02 | 6.30 | 15.48 | |||
| KLXE | 5.33 | 0.45 | 0.05 | 1.32 | 5.65 | 17.98 | 43.62 | |||
| WFRD | 2.41 | 0.26 | 0.08 | 0.56 | 2.64 | 6.10 | 14.59 | |||
| CHX | 1.61 | 0.17 | (0.09) | (0.09) | 2.02 | 3.92 | 10.39 | |||
| CRGY | 2.39 | 0.21 | (0.03) | (0.56) | 2.65 | 5.36 | 11.64 |
ProFrac Holding Corporate Management
| Ladd Wilks | Chief Officer | Profile | |
| Johnathan Wilks | Chief Officer | Profile | |
| Jeremy Folmar | VP Sales | Profile | |
| Lance Turner | Chief Officer | Profile | |
| Michael Henry | Principal Officer | Profile | |
| Robert Willette | Chief Officer | Profile |