Comstock Resources Correlations

CRK Stock

USD 15.17 0.05 0.33%

The current 90-days correlation between Comstock Resources and Antero Resources Corp is 0.84 (i.e., Very 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

Weak diversification

The correlation between Comstock Resources and DJI is 0.38 (i.e., Weak 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.

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

0.93	AR	Antero Resources Corp	Pair Corr
0.76	EP	Empire Petroleum Corp	Pair Corr
0.92	PR	Permian Resources	Pair Corr
0.76	SM	SM Energy	Pair Corr
0.9	DMLP	Dorchester Minerals	Pair Corr
0.66	VIST	Vista Oil Gas Buyout Trend	Pair Corr
0.89	BSM	Black Stone Minerals	Pair Corr
0.93	CNX	CNX Resources Corp Fiscal Year End 23rd of January 2025	Pair Corr
0.93	CRC	California Resources Corp	Pair Corr
0.91	DEC	Diversified Energy	Pair Corr
0.82	EOG	EOG Resources	Pair Corr
0.77	EPM	Evolution Petroleum	Pair Corr
0.98	EQT	EQT Corporation	Pair Corr
0.97	EXE	Expand Energy Symbol Change	Pair Corr
0.91	HES	Hess	Pair Corr
0.79	KRP	Kimbell Royalty Partners	Pair Corr
0.9	MGY	Magnolia Oil Gas	Pair Corr

Moving against Comstock Stock

0.87	BRY	Berry Petroleum Corp	Pair Corr
0.82	BRN	Barnwell Industries	Pair Corr
0.7	CKX	CKX Lands	Pair Corr
0.6	APA	APA Corporation	Pair Corr
0.52	EONR	EON Resources Symbol Change	Pair Corr
0.4	BTE	Baytex Energy Corp	Pair Corr
0.53	DVN	Devon Energy Sell-off Trend	Pair Corr
0.46	EGY	Vaalco Energy	Pair Corr
0.46	REI	Ring Energy	Pair Corr
0.41	MUR	Murphy Oil Sell-off Trend	Pair Corr
0.37	KOS	Kosmos Energy	Pair Corr
0.35	PED	PEDEVCO Corp	Pair Corr
0.33	OXY	Occidental Petroleum Sell-off Trend	Pair Corr

Related Correlations Analysis

	EPM	REI	GTE	PED	AR	SM
EPM		-0.05	-0.04	-0.06	0.85	0.65	EPM
REI	-0.05		0.23	0.3	-0.21	-0.09	REI
GTE	-0.04	0.23		0.04	0.07	0.45	GTE
PED	-0.06	0.3	0.04		-0.25	0.0	PED
AR	0.85	-0.21	0.07	-0.25		0.73	AR
SM	0.65	-0.09	0.45	0.0	0.73		SM
	EPM	REI	GTE	PED	AR	SM

Click cells to compare fundamentals

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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

AR	+ 0.85	EPM
SM	+ 0.73	AR
SM	+ 0.65	EPM
SM	+ 0.45	GTE
PED	+ 0.3	REI
GTE	+ 0.23	REI

High negative correlations

AR	- 0.25	PED
AR	- 0.21	REI
SM	- 0.09	REI
PED	- 0.06	EPM
REI	- 0.05	EPM
GTE	- 0.04	EPM

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
EPM	1.85	0.17	0.07	0.31	1.81	(2.23)	3.99	(3.20)	20.30
REI	2.45	(0.41)	0.00	(0.22)	0.00	0.00	4.43	(5.33)	18.99
GTE	2.38	(0.16)	0.00	(0.13)	0.00	0.00	4.84	(4.69)	11.46
PED	1.98	(0.06)	(0.04)	0.00	2.22	(2.86)	3.49	(3.30)	22.97
AR	1.83	0.17	0.07	0.25	2.16	(1.90)	4.91	(2.75)	13.54
SM	1.91	(0.12)	0.00	(0.01)	0.00	0.00	3.42	(4.03)	10.08

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