FTK vs III: Correlation
Measured on weekly returns over the past three years, Flotek Industries, Inc. (FTK) and Information Services Group, Inc. (III) carry a correlation of 0.41, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FTK and III?
Over the past 3 years, FTK and III moved with a correlation of 0.41, which is moderate. Little has changed lately, as the 1-year reading of 0.45 lands near the 3-year figure. Over 5 years the correlation is 0.28, and the annualized covariance of weekly returns is 1333.2 %².
Among the 12 assets we track against FTK, III ranks #4 by 3-year correlation. The last year tells two different stories: FTK led by 94.6 percentage points, +100.2% for FTK against +5.6% for III. Note the risk asymmetry: FTK runs 2.2 times the annualized volatility of the other leg, so equal-weighting the two is not an equal-risk position.
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.
FTK vs III: side by side
| FTK (Flotek Industries, Inc.) | III (Information Services Group, Inc.) | |
|---|---|---|
| 1-year return | +100.2% | +5.6% |
| 5-year return | +196.8% | -14.6% |
| Volatility (ann.) | 84.8% | 38.4% |
| Beta vs S&P 500 | 1.61 | 0.99 |
| Max drawdown (3Y) | -49.6% | -41.5% |
| Market cap | $0.9B | $0.2B |
| P/E (trailing) | 24.2 | 21.0 |
| Dividend yield | 0.00% | 3.63% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FTK | III |
|---|---|---|
| 2022 | -0.9% | -38.1% |
| 2023 | -41.7% | +6.2% |
| 2024 | +143.1% | -25.3% |
| 2025 | +80.8% | +79.8% |
| 2026 | +41.6% | -10.8% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FTK and III good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between FTK and III?
Using weekly returns as of 2026-08-27: 0.41 over 3 years, with 0.45 over the last year and 0.28 over 5 years.
Is III a good diversifier for FTK?
Yes, to a useful degree: a correlation of 0.41 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.41 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.
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Related comparisons
Hubs: FTK correlations · III correlations
