Chesapeake Energy Correlations

Summary

CHKDelisted Stock

USD 81.46 0.43 0.53%

The current 90-days correlation between Chesapeake Energy and Range Resources Corp is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chesapeake Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chesapeake Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Chesapeake Energy Correlation With Market

Good diversification

The correlation between Chesapeake Energy and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chesapeake Energy 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 against Chesapeake Stock

0.65	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.6	MCD	McDonalds Fiscal Year End 3rd of February 2025	Pair Corr
0.51	HPQ	HP Inc	Pair Corr
0.51	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.47	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.37	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	RRC	AR	EQT	CRK	SWN	MTDR	CTRA	FANG	PXD	PR
RRC		0.97	0.96	0.97	-0.04	0.82	0.92	0.08	0.06	0.92	RRC
AR	0.97		0.93	0.92	0.01	0.78	0.93	0.12	0.08	0.91	AR
EQT	0.96	0.93		0.98	-0.06	0.8	0.91	-0.01	0.05	0.9	EQT
CRK	0.97	0.92	0.98		-0.08	0.81	0.92	0.07	0.05	0.91	CRK
SWN	-0.04	0.01	-0.06	-0.08		0.1	0.12	-0.3	0.56	0.03	SWN
MTDR	0.82	0.78	0.8	0.81	0.1		0.89	0.37	0.44	0.94	MTDR
CTRA	0.92	0.93	0.91	0.92	0.12	0.89		0.23	0.29	0.95	CTRA
FANG	0.08	0.12	-0.01	0.07	-0.3	0.37	0.23		0.21	0.32	FANG
PXD	0.06	0.08	0.05	0.05	0.56	0.44	0.29	0.21		0.25	PXD
PR	0.92	0.91	0.9	0.91	0.03	0.94	0.95	0.32	0.25		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

CRK	+ 0.98	EQT
AR	+ 0.97	RRC
CRK	+ 0.97	RRC
EQT	+ 0.96	RRC
PR	+ 0.95	CTRA
PR	+ 0.94	MTDR

High negative correlations

FANG	- 0.3	SWN
SWN	- 0.08	CRK
SWN	- 0.06	EQT
SWN	- 0.04	RRC
FANG	- 0.01	EQT

Risk-Adjusted Indicators

There is a big difference between Chesapeake Stock performing well and Chesapeake 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 Chesapeake 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
RRC	1.40	0.19	0.10	0.35	1.47	(1.53)	3.64	(2.66)	8.94
AR	1.79	0.19	0.08	0.30	2.03	(1.87)	4.91	(2.73)	13.54
EQT	1.60	0.39	0.25	0.50	1.19	(2.00)	3.68	(2.07)	9.64
CRK	2.28	0.48	0.21	0.44	2.00	(2.56)	6.81	(3.67)	13.81
SWN	1.27	0.08	(0.02)	1.18	1.50	(1.37)	2.82	(2.32)	6.63
MTDR	1.78	(0.04)	(0.01)	0.09	2.44	(1.74)	3.24	(3.39)	10.94
CTRA	1.16	0.08	0.03	0.24	1.34	(1.21)	2.27	(2.08)	8.03
FANG	1.68	(0.20)	0.00	(0.17)	0.00	0.00	3.00	(3.91)	9.60
PXD	1.23	(0.08)	0.00	(0.12)	0.00	0.00	2.43	(2.71)	6.32
PR	1.62	0.05	0.02	0.19	1.97	(1.76)	2.90	(3.33)	8.22

Delisting Warning - CHK

Chesapeake Energy was delisted

The entity Chesapeake Energy 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 Chesapeake Energy?

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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