PNRG vs RKTO: Correlation
PrimeEnergy Resources Corporation (PNRG) and Rocket One Inc. (RKTO) show a negative relationship: their 3-year correlation of weekly returns is -0.30.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are PNRG and RKTO?
Over the past 3 years, PNRG and RKTO moved with a correlation of -0.30, which is negative, meaning they tend to move in opposite directions. Lately the two have drifted apart, with the 1-year correlation at -0.54 versus -0.30 over 3 years. Over 5 years the correlation is -0.18, and the annualized covariance of weekly returns is -2261.3 %².
RKTO is close to the least connected end of PNRG's tracked universe, ranking #11 of 13. Their recent paths diverged sharply: over the last 12 months PNRG outperformed by 77.5 percentage points (+37.2% for PNRG against -40.3% for RKTO). Note the risk asymmetry: RKTO runs 2.5 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.
PNRG vs RKTO: side by side
| PNRG (PrimeEnergy Resources Corporation) | RKTO (Rocket One Inc.) | |
|---|---|---|
| 1-year return | +37.2% | -40.3% |
| 5-year return | +312.9% | -97.7% |
| Volatility (ann.) | 54.8% | 135.8% |
| Beta vs S&P 500 | 0.69 | 0.30 |
| Max drawdown (3Y) | -44.6% | -81.1% |
| Market cap | $0.3B | – |
| P/E (trailing) | 20.2 | – |
| Dividend yield | 0.00% | 0.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | PNRG | RKTO |
|---|---|---|
| 2022 | +23.9% | -52.7% |
| 2023 | +22.4% | -81.5% |
| 2024 | +106.5% | -48.1% |
| 2025 | -22.1% | +32.4% |
| 2026 | +23.1% | -27.1% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are PNRG and RKTO good diversifiers for each other?
Yes. With a correlation of -0.30, PNRG and RKTO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between PNRG and RKTO?
As of 2026-08-27, the correlation of weekly returns between PNRG and RKTO is -0.30 over 3 years, -0.54 over 1 year and -0.18 over 5 years.
Is RKTO a good diversifier for PNRG?
Yes. With a correlation of -0.30, PNRG and RKTO have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.30 mean?
On the −1 to +1 scale, -0.30 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.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/pnrg-vs-rkto.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/pnrg-vs-rkto/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: PNRG correlations · RKTO correlations
