Archrock Correlations
| AROCDelisted Stock | USD 24.72 0.04 0.16% |
The current 90-days correlation between Archrock and ProPetro Holding Corp is 0.07 (i.e., Significant diversification). The correlation of Archrock 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.
Archrock Correlation With Market
Good diversification
The correlation between Archrock and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Archrock and DJI in the same portfolio, assuming nothing else is changed.
Archrock |
Moving against Archrock Stock
| 0.52 | FLOC | Flowco Holdings | PairCorr |
| 0.6 | STAK | STAK Ordinary Shares | PairCorr |
| 0.41 | NESR | National Energy Services | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Archrock Stock performing well and Archrock 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 Archrock'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PUMP | 2.83 | 0.03 | 0.02 | 0.15 | 3.52 | 7.62 | 18.59 | |||
| WTTR | 2.04 | 0.20 | 0.05 | 0.46 | 2.83 | 4.39 | 15.80 | |||
| USAC | 1.17 | (0.03) | (0.07) | 0.05 | 1.41 | 2.60 | 6.90 | |||
| PARR | 2.51 | 1.40 | 0.55 | 3.50 | 1.44 | 6.14 | 15.80 | |||
| MRC | 1.95 | 0.40 | 0.17 | 0.58 | 1.84 | 5.96 | 19.71 |
Delisting Warning - AROC
Archrock was delisted
| The entity Archrock with a symbol AROC was delisted from New York Stock Exchange. Please try IDLDX New with a symbol IDLDX from now on. Check all delisted instruments accross multiple markets. |
Still Interested in Archrock?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.