KLX Energy Correlations
| KLXE Stock | USD 6.49 0.17 2.69% |
The current 90-days correlation between KLX Energy Services and ProPetro Holding Corp is 0.58 (i.e., Very weak diversification). The correlation of KLX Energy 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.
KLX Energy Correlation With Market
Very weak diversification
The correlation between KLX Energy Services and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KLX Energy Services and DJI in the same portfolio, assuming nothing else is changed.
KLX |
Moving together with KLX Stock
| 0.88 | NR | Newpark Resources | PairCorr |
| 0.82 | VTOL | Bristow Group | PairCorr |
| 0.83 | WFRD | Weatherford International | PairCorr |
| 0.72 | DTI | Drilling Tools Inter | PairCorr |
| 0.84 | FET | Forum Energy Technologies | PairCorr |
| 0.76 | HAL | Halliburton Fiscal Year End 28th of January 2025 | PairCorr |
| 0.7 | HLX | Helix Energy Solutions | PairCorr |
| 0.93 | NOV | NOV Inc | PairCorr |
| 0.66 | OIS | Oil States International | PairCorr |
| 0.62 | XPRO | Expro Group Holdings | PairCorr |
| 0.69 | VAL | Valaris | PairCorr |
| 0.67 | INVX | Innovex International, Symbol Change | PairCorr |
Moving against KLX Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between KLX Stock performing well and KLX Energy 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 KLX Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PUMP | 2.56 | (0.11) | 0.02 | 0.07 | 2.84 | 5.25 | 21.85 | |||
| RES | 2.14 | (0.13) | (0.01) | 0.05 | 2.43 | 4.55 | 14.14 | |||
| MRC | 1.49 | (0.07) | 0.03 | 0.09 | 1.53 | 3.28 | 18.83 | |||
| XPRO | 2.11 | (0.83) | 0.00 | (0.20) | 0.00 | 4.03 | 15.49 | |||
| CHX | 1.45 | (0.17) | (0.06) | 0.01 | 1.85 | 2.87 | 11.10 |
KLX Energy Corporate Executives
Elected by the shareholders, the KLX Energy's board of directors comprises two types of representatives: KLX Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of KLX. The board's role is to monitor KLX Energy's management team and ensure that shareholders' interests are well served. KLX Energy's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, KLX Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Keefer Lehner | Executive CFO | Profile |