BKV Correlations

BKV Stock

21.76 0.15 0.69%

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 0.28 (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.

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 against BKV Stock

0.66	EPSN	Epsilon Energy	Pair Corr
0.49	CKX	CKX Lands	Pair Corr
0.4	EONR	EON Resources Symbol Change	Pair Corr
0.61	CNQ	Canadian Natural Res	Pair Corr
0.33	EGY	Vaalco Energy	Pair Corr
0.33	GFR	Greenfire Resources	Pair Corr
0.59	PED	PEDEVCO Corp	Pair Corr
0.41	MXC	Mexco Energy	Pair Corr

Related Correlations Analysis

	AR	EP	PR	SD	SM	DMLP	VIST	VTLE	EONR	EPSN
AR		0.66	0.92	0.06	0.73	0.72	0.52	0.61	-0.46	0.49	AR
EP	0.66		0.74	-0.06	0.58	0.76	0.5	0.58	-0.43	0.28	EP
PR	0.92	0.74		0.1	0.84	0.82	0.64	0.76	-0.41	0.47	PR
SD	0.06	-0.06	0.1		0.26	-0.36	-0.12	0.52	0.45	-0.19	SD
SM	0.73	0.58	0.84	0.26		0.7	0.63	0.72	-0.03	0.63	SM
DMLP	0.72	0.76	0.82	-0.36	0.7		0.63	0.45	-0.46	0.61	DMLP
VIST	0.52	0.5	0.64	-0.12	0.63	0.63		0.54	-0.3	0.28	VIST
VTLE	0.61	0.58	0.76	0.52	0.72	0.45	0.54		-0.14	0.04	VTLE
EONR	-0.46	-0.43	-0.41	0.45	-0.03	-0.46	-0.3	-0.14		0.03	EONR
EPSN	0.49	0.28	0.47	-0.19	0.63	0.61	0.28	0.04	0.03		EPSN
	AR	EP	PR	SD	SM	DMLP	VIST	VTLE	EONR	EPSN

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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

PR	+ 0.92	AR
SM	+ 0.84	PR
DMLP	+ 0.82	PR
DMLP	+ 0.76	EP
VTLE	+ 0.76	PR
PR	+ 0.74	EP

High negative correlations

EONR	- 0.46	DMLP
EONR	- 0.46	AR
EONR	- 0.43	EP
EONR	- 0.41	PR
DMLP	- 0.36	SD
EONR	- 0.3	VIST

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
AR	1.83	0.17	0.07	0.25	2.16	(1.90)	4.91	(2.75)	13.54
EP	2.81	0.02	0.04	0.11	3.76	(2.71)	6.17	(6.47)	15.67
PR	1.64	0.07	0.03	0.17	2.00	(1.77)	2.90	(3.33)	8.22
SD	1.37	(0.26)	0.00	(0.22)	0.00	0.00	3.24	(3.26)	10.79
SM	1.91	(0.12)	0.00	(0.01)	0.00	0.00	3.42	(4.03)	10.08
DMLP	0.93	0.21	0.12	0.91	0.80	(1.03)	2.24	(1.64)	5.91
VIST	2.08	0.11	0.02	0.41	2.24	(2.43)	5.43	(3.89)	12.65
VTLE	2.60	(0.20)	0.00	(0.06)	0.00	0.00	5.41	(6.77)	17.63
EONR	8.15	0.29	0.00	0.01	0.00	0.00	14.71	(16.87)	139.86
EPSN	1.93	0.08	(0.01)	0.88	2.34	(2.09)	4.46	(3.74)	11.32

BKV Corporate Management

Lindsay Larrick	Chief Officer	Profile
Lauren Read	BKV Ops	Profile
John Jimenez	Chief Officer	Profile
Simon Bowman	Senior Midstream	Profile
Eric Jacobsen	Chief Officer	Profile
Mary Valois	Chief Officer	Profile

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