Comstock Resources Correlations

CRK Stock

USD 21.02 2.14 9.24%

The current 90-days correlation between Comstock Resources and Antero Resources Corp is 0.68 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Comstock Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Comstock Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Comstock Resources Correlation With Market

Good diversification

The correlation between Comstock Resources and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comstock Resources and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Comstock Stock

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

For more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.

Moving together with Comstock Stock

0.88	AR	Antero Resources Corp Earnings Call This Week	Pair Corr
0.77	PR	Permian Resources	Pair Corr
0.77	SD	SandRidge Energy	Pair Corr
0.62	VTLE	Vital Energy	Pair Corr
0.66	EPSN	Epsilon Energy	Pair Corr
0.64	APA	APA Corporation	Pair Corr
0.87	BKV	BKV Corporation	Pair Corr
0.78	CNQ	Canadian Natural Res Earnings Call This Week	Pair Corr
0.79	CNX	CNX Resources Corp Earnings Call Tomorrow	Pair Corr
0.71	CRC	California Resources Corp	Pair Corr
0.66	DEC	Diversified Energy	Pair Corr
0.63	EOG	EOG Resources	Pair Corr
0.67	EPM	Evolution Petroleum	Pair Corr
0.89	EQT	EQT Corporation	Pair Corr
0.87	EXE	Expand Energy Earnings Call This Week	Pair Corr
0.71	GTE	Gran Tierra Energy	Pair Corr
0.7	INR	Infinity Natural Res	Pair Corr
0.76	KRP	Kimbell Royalty Partners	Pair Corr
0.73	MGY	Magnolia Oil Gas Earnings Call This Week	Pair Corr

Moving against Comstock Stock

0.49	BSM	Black Stone Minerals	Pair Corr
0.4	DMLP	Dorchester Minerals	Pair Corr
0.47	REI	Ring Energy	Pair Corr

Related Correlations Analysis

	AR	RRC	SM	EXE	MTDR
AR		0.94	0.42	0.92	0.45	AR
RRC	0.94		0.63	0.86	0.69	RRC
SM	0.42	0.63		0.27	0.94	SM
EXE	0.92	0.86	0.27		0.33	EXE
MTDR	0.45	0.69	0.94	0.33		MTDR
	AR	RRC	SM	EXE	MTDR

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Risk-Adjusted Indicators

There is a big difference between Comstock Stock performing well and Comstock Resources 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 Comstock Resources' 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
AR	1.96	0.09	(0.05)	0.00	3.13	(1.86)	3.93	(3.73)	10.95
RRC	1.61	0.18	(0.03)	(0.24)	2.51	(1.55)	2.99	(4.20)	8.44
SM	2.52	0.38	0.05	(0.95)	2.79	(2.85)	5.52	(4.42)	14.87
EXE	1.40	0.01	0.00	0.15	0.00	0.00	2.43	(3.32)	8.20
MTDR	1.95	0.49	0.12	(0.82)	1.75	(2.41)	4.54	(3.47)	11.06

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