ProFrac Holding Correlations

Stocks . USA . 
Stock . ProFrac Holding Corp
ACDC Stock  USD 7.93  0.16  1.98%   
The current 90-days correlation between ProFrac Holding Corp and ProPetro Holding Corp is 0.55 (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 0.09 (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.
  
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ProFrac Holding Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with ProFrac Stock

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Moving against ProFrac Stock

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Related Correlations Analysis

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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.

ProFrac Holding Corporate Management

Ladd WilksChief OfficerProfile
Johnathan WilksChief OfficerProfile
Jeremy FolmarVP SalesProfile
Lance TurnerChief OfficerProfile
Michael HenryPrincipal OfficerProfile
Robert WilletteChief OfficerProfile
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