ProFrac Holding Correlations
| ACDC Stock | USD 4.15 0.05 1.22% |
The current 90-days correlation between ProFrac Holding Corp and Flotek Industries is 0.4 (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 0.02 (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
| 0.74 | MCB | Mccoy Global | PairCorr |
| 0.87 | TRNR | Interactive Strength | PairCorr |
| 0.69 | ADTX | Aditxt Inc | PairCorr |
| 0.94 | APVO | Aptevo Therapeutics | PairCorr |
Moving against ProFrac Stock
| 0.83 | SOFI | SoFi Technologies Aggressive Push | PairCorr |
| 0.8 | GEOS | Geospace Technologies | PairCorr |
| 0.78 | IRTC | iRhythm Technologies | PairCorr |
| 0.76 | NPKI | NPK International Symbol Change | PairCorr |
| 0.7 | WFRD | Weatherford International | PairCorr |
| 0.69 | TDW | Tidewater | PairCorr |
| 0.67 | SRJ | SRJ Technologies | PairCorr |
| 0.65 | CYCC | Cyclacel Pharmaceuticals Symbol Change | PairCorr |
| 0.62 | BRK-A | Berkshire Hathaway | PairCorr |
| 0.61 | 002108 | Cangzhou Mingzhu Plastic | PairCorr |
| 0.53 | ALXO | Alx Oncology Holdings | PairCorr |
| 0.53 | DBRG-PH | DigitalBridge Group | PairCorr |
| 0.52 | DWSN | Dawson Geophysical | PairCorr |
| 0.48 | ADXDF | Adex Mining | PairCorr |
| 0.4 | TOKSF | Tokyo Steel Manufacturing | PairCorr |
| 0.35 | OBE | Obsidian Energy | PairCorr |
| 0.89 | HD | Home Depot | PairCorr |
| 0.85 | TRTX | TPG RE Finance | PairCorr |
| 0.85 | FMCCL | Federal Home Loan | PairCorr |
| 0.76 | AFRM | Affirm Holdings | PairCorr |
| 0.7 | NPSKY | NSK Ltd ADR | PairCorr |
| 0.68 | PLAB | Photronics | PairCorr |
| 0.64 | F | Ford Motor | PairCorr |
| 0.63 | ONL | Orion Office Reit | PairCorr |
| 0.62 | PGY | Pagaya Technologies Sell-off Trend | PairCorr |
| 0.58 | NRT | North European Oil | PairCorr |
| 0.57 | DAICW | CID HoldCo, Warrants | PairCorr |
| 0.47 | SCND | Scientific Industries | PairCorr |
| 0.46 | RBLX | Roblox Corp | PairCorr |
| 0.45 | RMCO | Royalty Management Trending | PairCorr |
Related Correlations Analysis
| 0.41 | 0.66 | 0.32 | 0.31 | 0.36 | 0.05 | FTK | ||
| 0.41 | 0.72 | 0.31 | -0.24 | -0.28 | -0.02 | PUMP | ||
| 0.66 | 0.72 | 0.42 | 0.22 | 0.02 | 0.23 | LBRT | ||
| 0.32 | 0.31 | 0.42 | 0.55 | 0.0 | 0.4 | KLXE | ||
| 0.31 | -0.24 | 0.22 | 0.55 | 0.41 | 0.24 | WFRD | ||
| 0.36 | -0.28 | 0.02 | 0.0 | 0.41 | -0.21 | CHX | ||
| 0.05 | -0.02 | 0.23 | 0.4 | 0.24 | -0.21 | CRGY | ||
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 | 2.80 | 0.22 | 0.03 | (0.30) | 3.83 | 7.51 | 19.76 | |||
| PUMP | 2.83 | (0.12) | 0.00 | 1.65 | 0.00 | 6.96 | 19.27 | |||
| LBRT | 2.60 | 0.29 | 0.05 | (0.17) | 2.64 | 6.96 | 23.79 | |||
| KLXE | 3.18 | 0.10 | 0.02 | 0.27 | 4.00 | 7.87 | 21.24 | |||
| WFRD | 2.04 | 0.33 | 0.13 | 1.15 | 1.93 | 4.76 | 13.05 | |||
| CHX | 1.61 | 0.09 | (0.01) | (0.08) | 2.02 | 3.92 | 10.39 | |||
| CRGY | 2.72 | 0.14 | 0.01 | (0.35) | 3.16 | 5.84 | 14.21 |
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 |