FLGT vs KNTK: Correlation
Measured on weekly returns over the past three years, Fulgent Genetics, Inc. (FLGT) and Kinetik Holdings Inc. (KNTK) carry a correlation of -0.26, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FLGT and KNTK?
Across a 3-year window, the weekly returns of FLGT and KNTK correlate at -0.26, negative, meaning they tend to move in opposite directions. Recent behaviour matches the longer record: -0.24 over 1 year against -0.26 over 3. Stretching to 5 years gives -0.14, with an annualized covariance of -394.2 %².
KNTK is close to the least connected end of FLGT's tracked universe, ranking #9 of 11. The last year tells two different stories: KNTK led by 47.4 percentage points, -7.8% for FLGT against +39.6% for KNTK.
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.
FLGT vs KNTK: side by side
| FLGT (Fulgent Genetics, Inc.) | KNTK (Kinetik Holdings Inc.) | |
|---|---|---|
| 1-year return | -7.8% | +39.6% |
| 5-year return | -78.2% | +147.1% |
| Volatility (ann.) | 46.5% | 33.1% |
| Beta vs S&P 500 | 0.55 | 0.63 |
| Max drawdown (3Y) | -59.2% | -49.0% |
| Market cap | $0.5B | $9.2B |
| P/E (trailing) | – | 19.3 |
| Dividend yield | 0.00% | 5.83% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FLGT | KNTK |
|---|---|---|
| 2022 | -70.4% | +14.6% |
| 2023 | -2.9% | +10.9% |
| 2024 | -36.1% | +83.1% |
| 2025 | +42.2% | -31.9% |
| 2026 | -24.1% | +59.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FLGT and KNTK good diversifiers for each other?
Yes. With a correlation of -0.26, FLGT and KNTK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FLGT and KNTK?
The FLGT/KNTK correlation stands at -0.26 on a 3-year window (1 year: -0.24, 5 years: -0.14), computed from weekly returns as of 2026-08-27.
Is KNTK a good diversifier for FLGT?
Yes. With a correlation of -0.26, FLGT and KNTK have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
On the −1 to +1 scale, -0.26 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.
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Related comparisons
Hubs: FLGT correlations · KNTK correlations
