Kodiak Gas Correlations
KGS Stock | 31.81 0.09 0.28% |
The current 90-days correlation between Kodiak Gas Services, and Now Inc is 0.32 (i.e., Weak diversification). The correlation of Kodiak Gas 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.
Kodiak Gas Correlation With Market
Weak diversification
The correlation between Kodiak Gas Services, and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kodiak Gas Services, and DJI in the same portfolio, assuming nothing else is changed.
Kodiak |
Moving together with Kodiak Stock
0.85 | TS | Tenaris SA ADR | PairCorr |
0.86 | EFXT | Enerflex | PairCorr |
0.79 | BKR | Baker Hughes Fiscal Year End 28th of January 2025 | PairCorr |
0.74 | FTK | Flotek Industries | PairCorr |
0.88 | SEI | Solaris Energy Infra Symbol Change | PairCorr |
0.79 | SUBCY | Subsea 7 SA | PairCorr |
0.66 | GEOS | Geospace Technologies | PairCorr |
Moving against Kodiak Stock
0.61 | XPRO | Expro Group Holdings | PairCorr |
0.59 | NR | Newpark Resources | PairCorr |
0.55 | WFRD | Weatherford International | PairCorr |
0.51 | NCSM | NCS Multistage Holdings | PairCorr |
0.48 | DTI | Drilling Tools Inter | PairCorr |
0.48 | NOV | NOV Inc | PairCorr |
0.45 | FET | Forum Energy Technologies | PairCorr |
0.43 | VTOL | Bristow Group | PairCorr |
0.36 | OIS | Oil States International Upward Rally | PairCorr |
0.35 | NINE | Nine Energy Service | PairCorr |
0.68 | TDW | Tidewater | PairCorr |
0.62 | KLXE | KLX Energy Services | PairCorr |
0.55 | DK | Delek Energy | PairCorr |
0.53 | VAL | Valaris | PairCorr |
0.47 | DINO | HF Sinclair Corp | PairCorr |
0.47 | BP | BP PLC ADR | PairCorr |
Related Correlations Analysis
-0.39 | 0.29 | 0.68 | 0.11 | DNOW | ||
-0.39 | -0.29 | 0.26 | 0.41 | EFXT | ||
0.29 | -0.29 | 0.09 | -0.02 | VTOL | ||
0.68 | 0.26 | 0.09 | 0.32 | RES | ||
0.11 | 0.41 | -0.02 | 0.32 | RNGR | ||
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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 Kodiak Stock performing well and Kodiak Gas 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 Kodiak Gas' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
DNOW | 1.62 | (0.46) | 0.00 | (0.27) | 0.00 | 2.55 | 7.17 | |||
EFXT | 1.85 | 0.16 | 0.08 | 0.14 | 2.11 | 4.81 | 11.45 | |||
VTOL | 1.79 | (0.14) | 0.00 | (0.11) | 0.00 | 2.81 | 19.45 | |||
RES | 1.86 | (0.33) | 0.00 | (0.29) | 0.00 | 3.93 | 11.80 | |||
RNGR | 1.71 | 0.14 | 0.07 | 0.16 | 1.98 | 2.80 | 17.87 |
Kodiak Gas Corporate Management
Pedro Buhigas | Executive Officer | Profile | |
Travis Marrs | Executive Engineering | Profile | |
Jason Stewart | Executive Treasurer | Profile | |
Cory Roclawski | Executive Officer | Profile | |
Ewan Hamilton | Executive Officer | Profile |