CKX Lands Correlations

CKX Stock

USD 10.79 0.00 0.00%

The current 90-days correlation between CKX Lands and Battalion Oil Corp is 0.12 (i.e., Average diversification). The correlation of CKX Lands 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.

CKX Lands Correlation With Market

Average diversification

The correlation between CKX Lands and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CKX Lands and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CKX Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CKX Lands. 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.

For more information on how to buy CKX Stock please use our How to Invest in CKX Lands guide.

Moving together with CKX Stock

0.64

PAG

PREOS Global Office

Pair Corr

Moving against CKX Stock

0.5	9KL0	GROUPIMO SA INH	Pair Corr
0.48	OZ	Belpointe PREP LLC	Pair Corr
0.47	ZG	Zillow Group	Pair Corr
0.45	Z	Zillow Group Class Earnings Call This Week	Pair Corr
0.36	UK	Ucommune International	Pair Corr
0.34	T3O	TOC Co	Pair Corr
0.8	AIF	Altus Group Limited Earnings Call This Week	Pair Corr
0.65	KDSX	Kadestone Capital Corp	Pair Corr
0.48	8KI	REDCO PRP GROUP	Pair Corr
0.46	GUF	Gulf Pacific Equities	Pair Corr
0.45	DZJ	Country Garden Holdings	Pair Corr
0.47	6CI	CIFI Holdings	Pair Corr
0.4	D2B	CD Deutsche Eigenheim	Pair Corr

Related Correlations Analysis

	BATL	MXC	EONR	BANL	PN	TMDE	BRN	NINE	VIVK	TPET
BATL		0.51	-0.15	-0.74	-0.65	-0.28	-0.34	-0.15	-0.45	-0.54	BATL
MXC	0.51		-0.57	-0.63	-0.52	-0.18	-0.33	-0.24	-0.84	-0.46	MXC
EONR	-0.15	-0.57		0.48	0.3	0.39	0.55	0.5	0.69	0.67	EONR
BANL	-0.74	-0.63	0.48		0.79	0.22	0.55	0.38	0.7	0.74	BANL
PN	-0.65	-0.52	0.3	0.79		0.33	0.51	0.44	0.49	0.67	PN
TMDE	-0.28	-0.18	0.39	0.22	0.33		0.38	0.49	0.2	0.49	TMDE
BRN	-0.34	-0.33	0.55	0.55	0.51	0.38		0.65	0.47	0.77	BRN
NINE	-0.15	-0.24	0.5	0.38	0.44	0.49	0.65		0.23	0.79	NINE
VIVK	-0.45	-0.84	0.69	0.7	0.49	0.2	0.47	0.23		0.54	VIVK
TPET	-0.54	-0.46	0.67	0.74	0.67	0.49	0.77	0.79	0.54		TPET
	BATL	MXC	EONR	BANL	PN	TMDE	BRN	NINE	VIVK	TPET

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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

PN	+ 0.79	BANL
TPET	+ 0.79	NINE
TPET	+ 0.77	BRN
TPET	+ 0.74	BANL
VIVK	+ 0.7	BANL
VIVK	+ 0.69	EONR

High negative correlations

VIVK	- 0.84	MXC
BANL	- 0.74	BATL
PN	- 0.65	BATL
BANL	- 0.63	MXC
EONR	- 0.57	MXC
TPET	- 0.54	BATL

Risk-Adjusted Indicators

There is a big difference between CKX Stock performing well and CKX Lands 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 CKX Lands' 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
BATL	8.81	2.76	0.38	0.78	5.83	(13.19)	17.08	(9.09)	235.37
MXC	3.10	0.20	0.04	0.75	3.53	(3.32)	7.74	(6.99)	20.14
EONR	4.42	(0.32)	0.00	0.60	0.00	0.00	9.09	(9.76)	22.44
BANL	3.32	(0.50)	0.00	0.72	0.00	0.00	6.67	(8.82)	33.81
PN	4.65	(0.39)	0.00	(0.47)	0.00	0.00	8.93	(12.73)	39.11
TMDE	7.49	0.36	0.08	0.13	6.78	(11.42)	8.00	(11.29)	160.91
BRN	2.95	(0.31)	0.00	(0.16)	0.00	0.00	6.36	(7.09)	19.84
NINE	12.19	0.66	0.04	0.17	19.63	(14.89)	18.87	(14.29)	227.54
VIVK	12.81	(1.61)	0.00	(1.93)	0.00	0.00	41.27	(24.23)	112.20
TPET	4.13	(1.23)	0.00	6.90	0.00	0.00	7.14	(10.98)	36.48

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