INDO vs PRK: Correlation
How closely do Indonesia Energy Corporation Limited (INDO) and Park National Corporation (PRK) trade together? Their weekly returns over three years give a correlation of -0.22, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INDO and PRK?
Across a 3-year window, the weekly returns of INDO and PRK correlate at -0.22, negative, meaning they tend to move in opposite directions. The relationship has been stable: the 1-year correlation (-0.22) sits close to the 3-year figure. Stretching to 5 years gives -0.09, with an annualized covariance of -674.7 %².
Within INDO's tracked universe of 102 assets, PRK comes in at #69 by 3-year correlation. Correlation aside, the last 12 months split them widely, with PRK ahead by 18.6 points (-1.4% versus +17.2%). Risk is not evenly split, since INDO carries 3.8 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.
INDO vs PRK: side by side
| INDO (Indonesia Energy Corporation Limited) | PRK (Park National Corporation) | |
|---|---|---|
| 1-year return | -1.4% | +17.2% |
| 5-year return | -43.5% | +98.6% |
| Volatility (ann.) | 108.1% | 28.2% |
| Beta vs S&P 500 | -0.65 | 0.78 |
| Max drawdown (3Y) | -65.1% | -30.4% |
| Market cap | – | $3.6B |
| P/E (trailing) | – | 17.7 |
| Dividend yield | 0.00% | 2.18% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | INDO | PRK |
|---|---|---|
| 2022 | +66.4% | +6.1% |
| 2023 | -41.8% | -2.0% |
| 2024 | +2.6% | +33.0% |
| 2025 | +5.4% | -8.1% |
| 2026 | -3.8% | +32.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INDO and PRK good diversifiers for each other?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between INDO and PRK?
The INDO/PRK correlation stands at -0.22 on a 3-year window (1 year: -0.22, 5 years: -0.09), computed from weekly returns as of 2026-08-27.
Is PRK a good diversifier for INDO?
Yes: at -0.22, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.22 mean?
A reading of -0.22 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/indo-vs-prk.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/indo-vs-prk/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: INDO correlations · PRK correlations
