APA vs KGEI: Correlation
Measured on weekly returns over the past three years, APA Corporation (APA) and Kolibri Global Energy Inc. (KGEI) carry a correlation of 0.43, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are APA and KGEI?
Over the past 3 years, APA and KGEI moved with a correlation of 0.43, which is moderate. Lately the two have moved closer together, with the 1-year correlation at 0.65 versus 0.43 over 3 years. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 909.4 %².
Among the 43 assets we track against APA, KGEI ranks #30 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months APA outperformed by 88.5 percentage points (+94.1% for APA against +5.6% for KGEI).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
APA vs KGEI: side by side
| APA (APA Corporation) | KGEI (Kolibri Global Energy Inc.) | |
|---|---|---|
| 1-year return | +94.1% | +5.6% |
| 5-year return | +164.2% | +631.2% |
| Volatility (ann.) | 41.8% | 51.1% |
| Beta vs S&P 500 | 0.38 | 0.13 |
| Max drawdown (3Y) | -67.4% | -64.7% |
| Market cap | $14.8B | $0.2B |
| P/E (trailing) | 8.7 | 10.6 |
| Dividend yield | 2.43% | 0.00% |
| Sector / category | Energy | US Listed |
Year-by-year returns
| Year | APA | KGEI |
|---|---|---|
| 2022 | +76.4% | +391.7% |
| 2023 | -21.2% | +27.1% |
| 2024 | -33.4% | +41.9% |
| 2025 | +11.5% | -26.1% |
| 2026 | +77.3% | +48.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are APA and KGEI good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between APA and KGEI?
Using weekly returns as of 2026-08-27: 0.43 over 3 years, with 0.65 over the last year and 0.28 over 5 years.
Is KGEI a good diversifier for APA?
Yes, to a useful degree: a correlation of 0.43 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.43 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/apa-vs-kgei.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/apa-vs-kgei/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: APA correlations · KGEI correlations
