GFR vs TKNO: Correlation
Measured on weekly returns over the past three years, Greenfire Resources Ltd. (GFR) and Alpha Teknova, Inc. (TKNO) carry a correlation of -0.20, a negative link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are GFR and TKNO?
Over the past 3 years, GFR and TKNO moved with a correlation of -0.20, which is negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.26) sits close to the 3-year figure. Over 5 years the correlation is -0.16, and the annualized covariance of weekly returns is -1145.5 %².
Out of 11 assets tracked against GFR, TKNO lands near the bottom at #8. Correlation aside, the last 12 months split them widely, with TKNO ahead by 41.3 points (+23.0% versus +64.3%). Risk is not evenly split, since TKNO carries 2.0 times the volatility of the other side.
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.
GFR vs TKNO: side by side
| GFR (Greenfire Resources Ltd.) | TKNO (Alpha Teknova, Inc.) | |
|---|---|---|
| 1-year return | +23.0% | +64.3% |
| 5-year return | -37.0% | -61.5% |
| Volatility (ann.) | 53.7% | 107.9% |
| Beta vs S&P 500 | 0.55 | 1.10 |
| Max drawdown (3Y) | -63.5% | -79.6% |
| Market cap | $0.9B | $0.4B |
| P/E (trailing) | – | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | GFR | TKNO |
|---|---|---|
| 2022 | +2.7% | -72.5% |
| 2023 | -52.1% | -33.9% |
| 2024 | +45.3% | +123.9% |
| 2025 | -32.6% | -54.5% |
| 2026 | +29.2% | +92.4% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are GFR and TKNO good diversifiers for each other?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
FAQ
What is the correlation between GFR and TKNO?
The GFR/TKNO correlation stands at -0.20 on a 3-year window (1 year: -0.26, 5 years: -0.16), computed from weekly returns as of 2026-08-27.
Is TKNO a good diversifier for GFR?
By historical standards, yes. A correlation of -0.20 means the two rarely move for the same reasons.
What does a correlation of -0.20 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/gfr-vs-tkno.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/gfr-vs-tkno/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: GFR correlations · TKNO correlations
