CKX Lands Correlations

CKX Stock

USD 9.35 0.03 0.32%

The current 90-days correlation between CKX Lands and Battalion Oil Corp is 0.12 (i.e., Average diversification). The correlation of CKX Lands 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. If the correlation is 0, the equities are not correlated; they are entirely random.

CKX Lands Correlation With Market

Good diversification

The correlation between CKX Lands and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CKX Lands and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CKX Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CKX Lands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy CKX Stock please use our How to Invest in CKX Lands guide.

Moving together with CKX Stock

0.84	000628	ChengDu Hi Tech	Pair Corr
0.65	600158	China Sports Industry	Pair Corr
0.83	BHM	Bluerock Homes Trust	Pair Corr
0.76	OMH	Ohmyhome Limited Ordinary	Pair Corr
0.91	ONL	Orion Office Reit	Pair Corr
0.81	SGD	Safe and Green	Pair Corr
0.83	BRE	Bridgemarq Real Estate	Pair Corr
0.79	600007	China World Trade	Pair Corr
0.94	600325	Huafa Industrial	Pair Corr
0.75	000402	Financial Street Holdings	Pair Corr
0.67	RMAX	Re Max Holding	Pair Corr
0.75	ASPS	Altisource Portfolio	Pair Corr

Moving against CKX Stock

0.67	ROAD	Roadside Real Estate Earnings Call This Week	Pair Corr
0.66	CIC	Conygar Investment Earnings Call Today	Pair Corr
0.63	002208	Hefei Urban Construction	Pair Corr
0.43	600053	Kunwu Jiuding Investment	Pair Corr
0.92	UNCY	Unicycive Therapeutics	Pair Corr
0.76	000609	Beijing Mainstreets	Pair Corr
0.75	600568	Zhongzhu Medical Holdings	Pair Corr
0.75	TUXS	Tuxis	Pair Corr
0.68	600753	Fujian Oriental Silver	Pair Corr
0.67	GTOFF	Gemalto NV	Pair Corr
0.58	WFC	Wall Financial	Pair Corr
0.51	000506	Zhongrun Resources	Pair Corr
0.47	600683	Metro Investment Dev	Pair Corr
0.39	BRSP	Brightspire Capital	Pair Corr
0.33	STRW	Strawberry Fields REIT	Pair Corr

Related Correlations Analysis

	BATL	MXC	EONR	BANL	PN	TMDE	BRN	NINE	VIVK	TPET
BATL		0.26	0.17	-0.02	-0.31	0.0	0.14	0.06	-0.21	-0.02	BATL
MXC	0.26		0.19	-0.04	-0.52	-0.26	0.26	0.06	-0.21	0.04	MXC
EONR	0.17	0.19		0.1	-0.58	0.07	0.46	0.27	-0.08	0.25	EONR
BANL	-0.02	-0.04	0.1		-0.09	0.76	0.54	0.74	0.73	0.81	BANL
PN	-0.31	-0.52	-0.58	-0.09		0.15	-0.52	-0.17	0.21	-0.13	PN
TMDE	0.0	-0.26	0.07	0.76	0.15		0.33	0.75	0.75	0.77	TMDE
BRN	0.14	0.26	0.46	0.54	-0.52	0.33		0.52	0.19	0.5	BRN
NINE	0.06	0.06	0.27	0.74	-0.17	0.75	0.52		0.78	0.85	NINE
VIVK	-0.21	-0.21	-0.08	0.73	0.21	0.75	0.19	0.78		0.75	VIVK
TPET	-0.02	0.04	0.25	0.81	-0.13	0.77	0.5	0.85	0.75		TPET
	BATL	MXC	EONR	BANL	PN	TMDE	BRN	NINE	VIVK	TPET

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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

TPET	+ 0.85	NINE
TPET	+ 0.81	BANL
VIVK	+ 0.78	NINE
TPET	+ 0.77	TMDE
TMDE	+ 0.76	BANL
NINE	+ 0.75	TMDE

High negative correlations

PN	- 0.58	EONR
BRN	- 0.52	PN
PN	- 0.52	MXC
PN	- 0.31	BATL
TMDE	- 0.26	MXC
VIVK	- 0.21	MXC

Risk-Adjusted Indicators

There is a big difference between CKX Stock performing well and CKX Lands 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 CKX Lands' 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
BATL	2.85	0.28	0.06	(0.46)	2.86	(3.61)	7.62	(5.00)	22.36
MXC	2.41	0.23	0.07	0.32	2.63	(2.84)	5.56	(5.26)	14.18
EONR	5.62	0.41	0.05	(0.42)	5.33	(7.23)	15.38	(7.14)	39.40
BANL	2.41	(0.71)	0.00	(1.63)	0.00	0.00	4.55	(4.35)	29.55
PN	3.25	(0.23)	0.00	1.43	0.00	0.00	7.14	(7.59)	17.36
TMDE	3.50	(0.68)	0.00	(0.28)	0.00	0.00	7.25	(6.80)	31.54
BRN	2.91	(0.11)	0.00	(0.02)	0.00	0.00	7.38	(4.96)	17.52
NINE	4.84	(1.08)	0.00	(0.25)	0.00	0.00	8.96	(9.76)	40.69
VIVK	9.41	(2.31)	0.00	(1.35)	0.00	0.00	14.55	(18.84)	88.89
TPET	2.77	(0.53)	0.00	(0.57)	0.00	0.00	4.82	(5.49)	15.97

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