Koil Energy Correlations

KLNG Stock

1.88 0.02 1.08%

The current 90-days correlation between Koil Energy Solutions and Expro Group Holdings is -0.05 (i.e., Good diversification). The correlation of Koil 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.

Koil Energy Correlation With Market

Very good diversification

The correlation between Koil Energy Solutions and DJI is -0.24 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Koil Energy Solutions and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Koil Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Koil Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Koil Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Koil Energy Solutions to buy it.

Moving together with Koil OTC Stock

0.76	FI	Fiserv,	Pair Corr
0.64	BKR	Baker Hughes Fiscal Year End 28th of January 2025	Pair Corr
0.7	TS	Tenaris SA ADR	Pair Corr
0.79	TNRSF	Tenaris SA	Pair Corr
0.66	FTI	TechnipFMC PLC Sell-off Trend	Pair Corr
0.7	WMT	Walmart Aggressive Push	Pair Corr
0.63	HNHPF	Hon Hai Precision	Pair Corr
0.66	ACN	Accenture plc	Pair Corr
0.71	JXN-PA	Jackson Financial	Pair Corr
0.85	MET	MetLife	Pair Corr
0.72	HPQ	HP Inc	Pair Corr
0.79	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.82	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.71	DIS	Walt Disney Aggressive Push	Pair Corr
0.67	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr
0.63	IBM	International Business Sell-off Trend	Pair Corr
0.76	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.69	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.66	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.77	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr

Moving against Koil OTC Stock

0.68	DPSTF	Deutsche Post AG	Pair Corr
0.63	VWAGY	Volkswagen AG 110	Pair Corr
0.61	VLKAF	Volkswagen AG	Pair Corr
0.6	VWAPY	Volkswagen AG Pref	Pair Corr
0.53	VLKPF	Volkswagen AG VZO	Pair Corr
0.36	CHOLF	China Oilfield Services	Pair Corr
0.35	NOV	NOV Inc	Pair Corr
0.69	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.51	PFE	Pfizer Inc Fiscal Year End 4th of February 2025	Pair Corr
0.49	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr

Related Correlations Analysis

	XPRO	CHX	RNGR	WHD	MRC	VTOL	OIS	GEOS	WFRD	EFXT
XPRO		0.13	-0.72	-0.46	-0.44	-0.02	-0.27	-0.74	0.83	-0.71	XPRO
CHX	0.13		0.31	0.71	0.62	0.5	0.6	0.23	0.38	0.39	CHX
RNGR	-0.72	0.31		0.82	0.87	0.6	0.8	0.69	-0.36	0.94	RNGR
WHD	-0.46	0.71	0.82		0.9	0.57	0.83	0.62	-0.09	0.81	WHD
MRC	-0.44	0.62	0.87	0.9		0.75	0.87	0.62	-0.06	0.82	MRC
VTOL	-0.02	0.5	0.6	0.57	0.75		0.81	0.29	0.36	0.47	VTOL
OIS	-0.27	0.6	0.8	0.83	0.87	0.81		0.45	0.16	0.73	OIS
GEOS	-0.74	0.23	0.69	0.62	0.62	0.29	0.45		-0.39	0.58	GEOS
WFRD	0.83	0.38	-0.36	-0.09	-0.06	0.36	0.16	-0.39		-0.45	WFRD
EFXT	-0.71	0.39	0.94	0.81	0.82	0.47	0.73	0.58	-0.45		EFXT
	XPRO	CHX	RNGR	WHD	MRC	VTOL	OIS	GEOS	WFRD	EFXT

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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

EFXT	+ 0.94	RNGR
MRC	+ 0.9	WHD
MRC	+ 0.87	RNGR
OIS	+ 0.87	MRC
WFRD	+ 0.83	XPRO
OIS	+ 0.83	WHD

High negative correlations

GEOS	- 0.74	XPRO
RNGR	- 0.72	XPRO
EFXT	- 0.71	XPRO
WHD	- 0.46	XPRO
EFXT	- 0.45	WFRD
MRC	- 0.44	XPRO

Risk-Adjusted Indicators

There is a big difference between Koil OTC Stock performing well and Koil Energy OTC Stock 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 Koil 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
XPRO	2.11	(0.81)	0.00	(0.21)	0.00	0.00	4.03	(4.86)	15.49
CHX	1.38	(0.17)	(0.07)	0.00	1.76	(1.52)	2.87	(3.32)	11.10
RNGR	1.39	0.37	0.19	0.74	1.29	(1.56)	3.56	(2.21)	6.77
WHD	1.93	(0.03)	0.04	0.10	2.20	(2.19)	3.86	(4.45)	16.22
MRC	1.43	(0.10)	0.01	0.06	1.54	(1.70)	3.28	(2.94)	18.83
VTOL	1.55	(0.15)	0.00	(0.01)	0.00	0.00	2.89	(2.86)	12.05
OIS	2.42	(0.04)	0.00	0.09	2.73	(2.78)	5.26	(4.37)	15.23
GEOS	2.43	(0.08)	0.01	0.07	4.08	(2.38)	4.68	(4.18)	27.12
WFRD	2.09	(0.53)	0.00	(0.16)	0.00	0.00	3.51	(4.75)	14.60
EFXT	1.68	0.65	0.34	1.19	1.21	(2.08)	4.56	(2.72)	8.19

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Our tools can tell you how much better you can do entering a position in Koil Energy without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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