BKV Correlations

BKV Stock

22.14 0.29 1.33%

The current 90-days correlation between BKV Corporation and CECO Environmental Corp is 0.11 (i.e., Average diversification). The correlation of BKV 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.

BKV Correlation With Market

Modest diversification

The correlation between BKV Corp. and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BKV Corp. and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with BKV Stock

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

Moving together with BKV Stock

0.83	AR	Antero Resources Corp	Pair Corr
0.91	PR	Permian Resources	Pair Corr
0.89	SD	SandRidge Energy	Pair Corr
0.78	SM	SM Energy	Pair Corr
0.71	VIST	Vista Oil Gas	Pair Corr
0.73	VTLE	Vital Energy	Pair Corr
0.71	EPSN	Epsilon Energy	Pair Corr
0.77	FANG	Diamondback Energy	Pair Corr
0.85	APA	APA Corporation Sell-off Trend	Pair Corr
0.76	BRY	Berry Petroleum Corp	Pair Corr
0.72	BTE	Baytex Energy Corp Earnings Call This Week	Pair Corr
0.92	CNQ	Canadian Natural Res	Pair Corr
0.81	CNX	CNX Resources Corp Earnings Call This Week	Pair Corr
0.91	CRC	California Resources Corp Buyout Trend	Pair Corr
0.88	CRK	Comstock Resources	Pair Corr
0.93	DEC	Diversified Energy	Pair Corr
0.78	DVN	Devon Energy	Pair Corr
0.68	EGY	Vaalco Energy	Pair Corr
0.75	EOG	EOG Resources	Pair Corr
0.83	EPM	Evolution Petroleum	Pair Corr
0.88	EQT	EQT Corporation Earnings Call This Week	Pair Corr
0.78	EXE	Expand Energy Symbol Change	Pair Corr
0.71	GTE	Gran Tierra Energy	Pair Corr
0.67	HES	Hess	Pair Corr
0.7	HPK	Highpeak Energy Acqu	Pair Corr
0.63	INR	Infinity Natural Res	Pair Corr
0.67	KOS	Kosmos Energy	Pair Corr
0.93	KRP	Kimbell Royalty Partners	Pair Corr
0.91	MGY	Magnolia Oil Gas	Pair Corr
0.8	MNR	Mach Natural Resources	Pair Corr

Moving against BKV Stock

0.59	DMLP	Dorchester Minerals	Pair Corr
0.56	BSM	Black Stone Minerals	Pair Corr
0.49	ANNAW	AleAnna, Warrant	Pair Corr
0.62	TXO	MorningStar Partners,	Pair Corr
0.61	TPL	Texas Pacific Land	Pair Corr
0.53	REI	Ring Energy	Pair Corr

Related Correlations Analysis

	SEPSD	CECO	PRIM	CHX	ATEC	AVDL	MYRG	DHI
SEPSD		0.0	0.0	0.0	0.0	0.0	0.0	0.0	SEPSD
CECO	0.0		0.94	0.53	0.09	0.74	0.96	0.48	CECO
PRIM	0.0	0.94		0.57	0.04	0.72	0.97	0.63	PRIM
CHX	0.0	0.53	0.57		-0.2	0.46	0.49	0.45	CHX
ATEC	0.0	0.09	0.04	-0.2		0.13	0.12	-0.33	ATEC
AVDL	0.0	0.74	0.72	0.46	0.13		0.73	0.38	AVDL
MYRG	0.0	0.96	0.97	0.49	0.12	0.73		0.57	MYRG
DHI	0.0	0.48	0.63	0.45	-0.33	0.38	0.57		DHI
	SEPSD	CECO	PRIM	CHX	ATEC	AVDL	MYRG	DHI

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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

MYRG	+ 0.97	PRIM
MYRG	+ 0.96	CECO
PRIM	+ 0.94	CECO
AVDL	+ 0.74	CECO
MYRG	+ 0.73	AVDL
AVDL	+ 0.72	PRIM

High negative correlations

DHI	- 0.33	ATEC
ATEC	- 0.2	CHX
DHI	- 0.0	SEPSD
MYRG	- 0.0	SEPSD
AVDL	- 0.0	SEPSD
ATEC	- 0.0	SEPSD

Risk-Adjusted Indicators

There is a big difference between BKV Stock performing well and BKV 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 BKV'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
SEPSD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CECO	2.36	0.50	0.24	0.43	1.94	(2.86)	5.59	(3.76)	20.71
PRIM	1.88	0.51	0.23	0.57	1.81	(2.16)	3.82	(2.94)	14.43
CHX	1.61	0.10	(0.04)	(0.12)	2.02	(1.88)	3.92	(2.85)	10.39
ATEC	1.82	(0.03)	(0.03)	0.09	2.36	(1.90)	3.77	(3.93)	14.86
AVDL	2.29	0.45	0.16	0.79	2.24	(2.83)	4.22	(4.42)	15.45
MYRG	1.63	0.70	0.45	0.79	0.78	(2.01)	3.33	(2.33)	22.62
DHI	1.58	0.00	0.01	0.13	1.80	(1.68)	3.59	(3.02)	9.97

BKV Corporate Management

Lindsay Larrick	Chief Secretary	Profile
Lauren Read	Senior Ventures	Profile
John Jimenez	Senior Advisor	Profile
Simon Bowman	Senior Midstream	Profile
David Tameron	Chief Officer	Profile

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