ProFrac Holding Correlations

ACDC Stock

USD 7.87 0.12 1.55%

The current 90-days correlation between ProFrac Holding Corp and Newpark Resources is 0.52 (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

Weak diversification

The correlation between ProFrac Holding Corp and DJI is 0.32 (i.e., Weak 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.

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

0.75	CHX	ChampionX	Pair Corr
0.64	CLB	Core Laboratories	Pair Corr
0.66	FTI	TechnipFMC PLC	Pair Corr
0.74	HAL	Halliburton Fiscal Year End 28th of January 2025	Pair Corr
0.71	HLX	Helix Energy Solutions	Pair Corr
0.64	MRC	MRC Global	Pair Corr
0.69	OII	Oceaneering International	Pair Corr
0.7	OIS	Oil States International	Pair Corr
0.72	SLB	Schlumberger NV Fiscal Year End 17th of January 2025	Pair Corr
0.7	WHD	Cactus Inc	Pair Corr

Moving against ProFrac Stock

0.45	ENSV	Enservco	Pair Corr
0.39	NESRW	National Energy Services	Pair Corr
0.36	NESR	National Energy Services	Pair Corr
0.34	KEGX	Key Energy Services	Pair Corr

Related Correlations Analysis

	NR	NGS	GEOS	MRC	NEX	LBRT	SOI	RNGR	PUMP
NR		0.38	-0.13	0.44	-0.05	0.5	-0.58	0.12	0.45	NR
NGS	0.38		0.72	0.87	0.84	-0.26	0.17	0.92	0.36	NGS
GEOS	-0.13	0.72		0.7	0.83	-0.64	0.49	0.87	0.05	GEOS
MRC	0.44	0.87	0.7		0.69	-0.09	0.3	0.8	0.55	MRC
NEX	-0.05	0.84	0.83	0.69		-0.63	0.45	0.92	0.07	NEX
LBRT	0.5	-0.26	-0.64	-0.09	-0.63		-0.32	-0.5	0.61	LBRT
SOI	-0.58	0.17	0.49	0.3	0.45	-0.32		0.32	0.23	SOI
RNGR	0.12	0.92	0.87	0.8	0.92	-0.5	0.32		0.14	RNGR
PUMP	0.45	0.36	0.05	0.55	0.07	0.61	0.23	0.14		PUMP
	NR	NGS	GEOS	MRC	NEX	LBRT	SOI	RNGR	PUMP

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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

RNGR	+ 0.92	NGS
RNGR	+ 0.92	NEX
MRC	+ 0.87	NGS
RNGR	+ 0.87	GEOS
NEX	+ 0.84	NGS
NEX	+ 0.83	GEOS

High negative correlations

LBRT	- 0.64	GEOS
LBRT	- 0.63	NEX
SOI	- 0.58	NR
RNGR	- 0.5	LBRT
SOI	- 0.32	LBRT
LBRT	- 0.26	NGS

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NR	1.77	(0.22)	(0.04)	0.01	2.10	(1.93)	3.73	(3.89)	13.55
NGS	2.26	0.26	0.16	0.25	2.12	(2.76)	4.58	(3.04)	13.49
GEOS	2.39	0.07	0.05	0.15	3.79	(2.52)	4.79	(3.88)	16.83
MRC	1.49	(0.07)	0.03	0.09	1.53	(1.71)	3.28	(2.94)	18.83
NEX	2.68	0.54	0.12	5.46	2.99	(2.86)	6.33	(4.55)	17.50
LBRT	2.18	(0.22)	0.00	(0.02)	0.00	0.00	4.44	(4.06)	14.45
SOI	2.52	0.57	0.18	4.47	2.11	(3.13)	4.44	(4.19)	43.08
RNGR	1.40	0.47	0.26	0.75	1.17	(1.61)	3.56	(2.21)	7.27
PUMP	2.56	(0.11)	0.02	0.07	2.84	(2.74)	5.25	(4.78)	21.85

ProFrac Holding Corporate Management

Ladd Wilks	Chief Officer	Profile
Johnathan Wilks	Chief Officer	Profile
Jeremy Folmar	VP Sales	Profile
Lance Turner	Chief Officer	Profile
Michael Henry	Principal Officer	Profile
Robert Willette	Chief Officer	Profile

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