Comstock Resources Correlations

CRK Stock

USD 25.30 0.27 1.08%

The current 90-days correlation between Comstock Resources and Chord Energy Corp is 0.4 (i.e., Very weak 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

Modest diversification

The correlation between Comstock Resources and DJI is 0.25 (i.e., Modest 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.

Build AI portfolio with Comstock Stock

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 real.

For more information on how to buy Comstock Stock please use our How to buy in Comstock Stock guide.

Moving together with Comstock Stock

0.76	BKV	BKV Corporation	Pair Corr
0.9	BSM	Black Stone Minerals	Pair Corr
0.75	CNX	CNX Resources Corp Sell-off Trend	Pair Corr
0.67	WCP	Whitecap Resources	Pair Corr
0.68	PNGM	Er Therapeutics	Pair Corr
0.75	TYTMF	Tokyo Tatemono Upward Rally	Pair Corr

Moving against Comstock Stock

0.55	SOC	Sable Offshore Corp	Pair Corr
0.47	MTDR	Matador Resources	Pair Corr
0.44	VG	Venture Global,	Pair Corr
0.37	DEC	Diversified Energy	Pair Corr
0.32	MGY	Magnolia Oil Gas	Pair Corr
0.52	AAGH	America Great Health	Pair Corr
0.49	CHRD	Chord Energy Corp	Pair Corr
0.33	CIVI	Civitas Resources Sell-off Trend	Pair Corr

Related Correlations Analysis

	CHRD	MTDR	VIST	CNX	FRO	NOV	SOBO	WFRD	MGY	CRC
CHRD		0.94	-0.49	-0.72	-0.54	-0.56	0.56	-0.56	0.89	0.6	CHRD
MTDR	0.94		-0.6	-0.74	-0.6	-0.68	0.56	-0.68	0.86	0.56	MTDR
VIST	-0.49	-0.6		0.49	0.26	0.78	-0.68	0.59	-0.56	-0.59	VIST
CNX	-0.72	-0.74	0.49		0.73	0.8	-0.23	0.83	-0.5	-0.19	CNX
FRO	-0.54	-0.6	0.26	0.73		0.65	-0.21	0.79	-0.31	0.11	FRO
NOV	-0.56	-0.68	0.78	0.8	0.65		-0.47	0.9	-0.49	-0.32	NOV
SOBO	0.56	0.56	-0.68	-0.23	-0.21	-0.47		-0.42	0.61	0.75	SOBO
WFRD	-0.56	-0.68	0.59	0.83	0.79	0.9	-0.42		-0.38	-0.15	WFRD
MGY	0.89	0.86	-0.56	-0.5	-0.31	-0.49	0.61	-0.38		0.73	MGY
CRC	0.6	0.56	-0.59	-0.19	0.11	-0.32	0.75	-0.15	0.73		CRC
	CHRD	MTDR	VIST	CNX	FRO	NOV	SOBO	WFRD	MGY	CRC

Please upgrade your account to get full access to Macroaxis premium features

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

MTDR	+ 0.94	CHRD
WFRD	+ 0.9	NOV
MGY	+ 0.89	CHRD
MGY	+ 0.86	MTDR
WFRD	+ 0.83	CNX
NOV	+ 0.8	CNX

High negative correlations

CNX	- 0.74	MTDR
CNX	- 0.72	CHRD
SOBO	- 0.68	VIST
WFRD	- 0.68	MTDR
NOV	- 0.68	MTDR
FRO	- 0.6	MTDR

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
CHRD	1.60	(0.15)	0.00	(0.22)	0.00	0.00	3.85	(3.80)	9.62
MTDR	2.00	(0.22)	0.00	(0.21)	0.00	0.00	3.73	(4.46)	14.25
VIST	2.63	0.28	0.08	0.55	2.82	(3.02)	7.07	(4.16)	22.62
CNX	1.27	0.36	0.20	1.10	1.21	(1.44)	3.38	(2.36)	8.21
FRO	1.76	0.51	0.20	(205.82)	1.79	(1.98)	3.49	(3.33)	11.14
NOV	1.85	0.32	0.15	0.36	1.88	(2.09)	4.72	(2.93)	11.98
SOBO	1.00	(0.02)	(0.06)	(0.01)	1.21	(1.04)	1.62	(1.85)	6.06
WFRD	1.77	0.34	0.16	0.46	1.73	(2.09)	4.46	(3.76)	11.27
MGY	1.51	(0.09)	0.00	(0.04)	0.00	0.00	3.62	(3.97)	8.52
CRC	1.55	(0.04)	(0.02)	0.02	2.01	(1.79)	3.47	(4.48)	12.37

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC