KGEI vs TXRH: Correlation
How closely do Kolibri Global Energy Inc. (KGEI) and Texas Roadhouse, Inc. (TXRH) trade together? Their weekly returns over three years give a correlation of -0.27, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KGEI and TXRH?
On 3 years of weekly data the KGEI/TXRH correlation comes out at -0.27, negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.48 versus -0.27 over 3 years. The 5-year figure is -0.02, and annualized covariance runs at -358.8 %².
Out of 27 assets tracked against KGEI, TXRH lands near the bottom at #23. On 12-month performance TXRH holds a 10.8-point edge, +5.6% against +16.4%. Note the risk asymmetry: KGEI runs 2.0 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.
KGEI vs TXRH: side by side
| KGEI (Kolibri Global Energy Inc.) | TXRH (Texas Roadhouse, Inc.) | |
|---|---|---|
| 1-year return | +5.6% | +16.4% |
| 5-year return | +631.2% | +134.1% |
| Volatility (ann.) | 51.1% | 25.6% |
| Beta vs S&P 500 | 0.13 | 0.52 |
| Max drawdown (3Y) | -64.7% | -24.8% |
| Market cap | $0.2B | $13.1B |
| P/E (trailing) | 10.6 | 32.6 |
| Dividend yield | 0.00% | 1.40% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KGEI | TXRH |
|---|---|---|
| 2022 | +391.7% | +4.2% |
| 2023 | +27.1% | +37.1% |
| 2024 | +41.9% | +49.8% |
| 2025 | -26.1% | -6.6% |
| 2026 | +48.9% | +21.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KGEI and TXRH good diversifiers for each other?
Yes. With a correlation of -0.27, KGEI and TXRH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between KGEI and TXRH?
Using weekly returns as of 2026-08-27: -0.27 over 3 years, with -0.48 over the last year and -0.02 over 5 years.
Is TXRH a good diversifier for KGEI?
Yes. With a correlation of -0.27, KGEI and TXRH have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.27 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/kgei-vs-txrh.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/kgei-vs-txrh/)
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Related comparisons
Hubs: KGEI correlations · TXRH correlations
