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AR vs CRK: Correlation

Measured on weekly returns over the past three years, Antero Resources Corporation (AR) and Comstock Resources, Inc. (CRK) carry a correlation of 0.73, a strong link.

Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology

Correlation (3Y)
0.73
strong
Correlation (1Y)
0.73
last 12 months
Correlation (5Y)
0.78
long-run
Ann. covariance
1747.5
%² · weekly, annualized

How correlated are AR and CRK?

Across a 3-year window, the weekly returns of AR and CRK correlate at 0.73, strong. Recent behaviour matches the longer record: 0.73 over 1 year against 0.73 over 3. Stretching to 5 years gives 0.78, with an annualized covariance of 1747.5 %².

By 3-year correlation, CRK places #4 of the 12 assets tracked against AR. The last year tells two different stories: AR led by 30.4 percentage points, +23.1% for AR against -7.3% for CRK.

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.

AR vs CRK: side by side

AR (Antero Resources Corporation)CRK (Comstock Resources, Inc.)
1-year return+23.1%-7.3%
5-year return+181.4%+160.1%
Volatility (ann.)40.6%59.2%
Beta vs S&P 5000.320.66
Max drawdown (3Y)-33.2%-59.7%
Market cap$11.8B$4.3B
P/E (trailing)11.08.1
Dividend yield0.00%0.00%
Sector / categoryUS ListedUS Listed
Lower P/E: CRK 8.1 vs 11.0Smaller drawdown: AR -33.2% vs -59.7%Higher 5y return: AR +181.4% vs +160.1%
-19%0%+72%2025-09-052026-08-27
Both assets over the last year, indexed to 100 at the starting week. AR · CRK

Year-by-year returns

YearARCRK
2022+77.1%+70.6%
2023-26.8%-32.4%
2024+54.5%+105.9%
2025-1.7%+27.2%
2026+11.8%-36.9%

Calendar-year price returns; the current year is year-to-date as of the data date above.

Are AR and CRK good diversifiers for each other?

Only partially. A correlation of 0.73 means AR and CRK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.

FAQ

What is the correlation between AR and CRK?

The AR/CRK correlation stands at 0.73 on a 3-year window (1 year: 0.73, 5 years: 0.78), computed from weekly returns as of 2026-08-27.

Is CRK a good diversifier for AR?

Only partially. A correlation of 0.73 means AR and CRK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.

What does a correlation of 0.73 mean?

On the −1 to +1 scale, 0.73 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.

Use this data

JSON API · no key required
$ curl https://www.pairbook.io/api/v1/pairs/ar-vs-crk.json

AR vs CRK: 3-year weekly correlation 0.73AR vs CRK0.73

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Related comparisons

Hubs: AR correlations · CRK correlations