CKX vs FF: Correlation
Measured on weekly returns over the past three years, CKX Lands, Inc. (CKX) and FutureFuel Corp. (FF) carry a correlation of 0.24, a weak link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CKX and FF?
On 3 years of weekly data the CKX/FF correlation comes out at 0.24, weak. Little has changed lately, as the 1-year reading of 0.33 lands near the 3-year figure. The 5-year figure is 0.17, and annualized covariance runs at 303.2 %².
By 3-year correlation, FF places #5 of the 14 assets tracked against CKX. Correlation aside, the last 12 months split them widely, with FF ahead by 43.5 points (-5.1% versus +38.4%). One caveat on sizing: FF is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
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.
CKX vs FF: side by side
| CKX (CKX Lands, Inc.) | FF (FutureFuel Corp.) | |
|---|---|---|
| 1-year return | -5.1% | +38.4% |
| 5-year return | -7.1% | +11.5% |
| Volatility (ann.) | 25.7% | 48.8% |
| Beta vs S&P 500 | 0.01 | 0.88 |
| Max drawdown (3Y) | -37.0% | -47.9% |
| Market cap | – | $0.2B |
| P/E (trailing) | 7.5 | – |
| Dividend yield | 0.00% | 3.58% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | CKX | FF |
|---|---|---|
| 2022 | -11.2% | +9.9% |
| 2023 | +30.3% | -22.8% |
| 2024 | -2.8% | +31.0% |
| 2025 | -27.4% | -35.8% |
| 2026 | +16.4% | +65.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CKX and FF good diversifiers for each other?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between CKX and FF?
Using weekly returns as of 2026-08-27: 0.24 over 3 years, with 0.33 over the last year and 0.17 over 5 years.
Is FF a good diversifier for CKX?
A fair diversifier. At 0.24, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.24 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/ckx-vs-ff.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ckx-vs-ff/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: CKX correlations · FF correlations
