CHK Old Correlations

Summary

CHKDelisted Stock

USD 81.46 0.43 0.53%

The current 90-days correlation between CHK Old and Range Resources Corp is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as CHK Old moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if CHK Old moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

CHK Old Correlation With Market

Good diversification

The correlation between CHK Old and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CHK Old and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with CHK Stock

0.64

MRK

Merck Company Fiscal Year End 6th of February 2025

Pair Corr

Moving against CHK Stock

0.83	DIS	Walt Disney	Pair Corr
0.76	T	ATT Inc Earnings Call Today	Pair Corr
0.62	WMT	Walmart	Pair Corr
0.59	BAC	Bank of America	Pair Corr
0.54	AXP	American Express Earnings Call This Week	Pair Corr
0.5	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.45	PG	Procter Gamble	Pair Corr
0.42	17298CHT8	US17298CHT80	Pair Corr
0.41	EXEEW	Expand Energy Symbol Change	Pair Corr

Related Correlations Analysis

	RRC	AR	EQT	CRK	SWN	MTDR	CTRA	FANG	PXD	PR
RRC		0.98	0.98	0.95	-0.14	0.9	0.91	-0.19	-0.12	0.76	RRC
AR	0.98		0.97	0.97	-0.11	0.85	0.9	-0.21	-0.01	0.68	AR
EQT	0.98	0.97		0.94	-0.25	0.9	0.89	-0.25	-0.17	0.76	EQT
CRK	0.95	0.97	0.94		-0.13	0.76	0.8	-0.39	-0.05	0.55	CRK
SWN	-0.14	-0.11	-0.25	-0.13		-0.16	-0.02	0.51	0.56	-0.21	SWN
MTDR	0.9	0.85	0.9	0.76	-0.16		0.92	0.11	-0.13	0.93	MTDR
CTRA	0.91	0.9	0.89	0.8	-0.02	0.92		0.13	0.03	0.84	CTRA
FANG	-0.19	-0.21	-0.25	-0.39	0.51	0.11	0.13		0.38	0.29	FANG
PXD	-0.12	-0.01	-0.17	-0.05	0.56	-0.13	0.03	0.38		-0.13	PXD
PR	0.76	0.68	0.76	0.55	-0.21	0.93	0.84	0.29	-0.13		PR
	RRC	AR	EQT	CRK	SWN	MTDR	CTRA	FANG	PXD	PR

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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

AR	+ 0.98	RRC
EQT	+ 0.98	RRC
EQT	+ 0.97	AR
CRK	+ 0.97	AR
CRK	+ 0.95	RRC
CRK	+ 0.94	EQT

High negative correlations

FANG	- 0.39	CRK
FANG	- 0.25	EQT
SWN	- 0.25	EQT
PR	- 0.21	SWN
FANG	- 0.21	AR
FANG	- 0.19	RRC

Risk-Adjusted Indicators

There is a big difference between CHK Stock performing well and CHK Old 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 CHK Old'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
RRC	1.47	0.45	0.27	0.92	1.21	(1.74)	4.31	(2.26)	10.24
AR	1.91	0.57	0.23	1.01	1.78	(2.06)	5.96	(2.50)	11.64
EQT	1.72	0.57	0.33	0.99	1.32	(2.23)	5.58	(2.50)	11.33
CRK	2.61	0.93	0.31	1.07	2.27	(3.07)	7.88	(4.49)	16.43
SWN	1.27	0.10	0.04	(0.22)	1.50	(1.37)	2.82	(2.32)	6.63
MTDR	1.57	0.27	0.11	0.63	1.98	(1.61)	2.44	(3.18)	12.94
CTRA	1.34	0.30	0.16	1.84	1.38	(1.41)	3.02	(2.37)	8.46
FANG	1.39	(0.09)	0.00	(0.15)	0.00	0.00	2.25	(3.19)	7.94
PXD	1.23	(0.04)	0.00	(0.17)	0.00	0.00	2.43	(2.71)	6.32
PR	1.51	0.18	0.09	0.26	1.86	(1.63)	2.90	(3.27)	8.87

Delisting Warning - CHK

CHK Old was delisted

The entity CHK Old with a symbol CHK was delisted from NASDAQ Exchange. Please try Expand Energy with a symbol EXE from now on. Check all delisted instruments accross multiple markets.

Still Interested in CHK Old?

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.

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