Kinetik Holdings Correlations

KNTK Stock  USD 42.83  0.41  0.97%   
The current 90-days correlation between Kinetik Holdings and Teekay Tankers is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kinetik Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kinetik Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Kinetik Holdings Correlation With Market

Very weak diversification

The correlation between Kinetik Holdings and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kinetik Holdings and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kinetik Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
For more information on how to buy Kinetik Stock please use our How to buy in Kinetik Stock guide.

Moving together with Kinetik Stock

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  0.74IMPPP Imperial PetroleumPairCorr
  0.64FLNG FLEX LNGPairCorr
  0.62CQP Cheniere Energy PartnersPairCorr
  0.89DTM DT MidstreamPairCorr
  0.66EPD Enterprise ProductsPairCorr
  0.87GEL Genesis Energy LPPairCorr
  0.86KMI Kinder Morgan Earnings Call This WeekPairCorr
  0.74LNG Cheniere EnergyPairCorr
  0.8OKE ONEOK IncPairCorr
  0.76OSG Overseas ShipholdingPairCorr
  0.9PBA Pembina Pipeline CorpPairCorr
  0.7PXS Pyxis TankersPairCorr
  0.81GLOP-PB GasLog Partners LPPairCorr
  0.84GLOP-PA GasLog Partners LPPairCorr
  0.81GLOP-PC GasLog Partners LPPairCorr
  0.65TEN Tsakos Energy Navigation Symbol ChangePairCorr
  0.68TNK Teekay TankersPairCorr
  0.73TRP TC Energy CorpPairCorr
  0.95WES Western MidstreamPairCorr
  0.89WMB Williams CompaniesPairCorr

Moving against Kinetik Stock

  0.53BROGW Brooge Energy LimitedPairCorr
  0.82NGL NGL Energy PartnersPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Kinetik Stock performing well and Kinetik Holdings 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 Kinetik Holdings' 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.

Kinetik Holdings Corporate Management

Steven StellatoChief VPProfile
Lindsay EllisCorporate SecretaryProfile
Maddie WagnerDirector RelationsProfile
Todd CarpenterAssistant CounselProfile