Co-movers

daily closes · 500dMethod

Moved together

CRKwithEOG

×0.21co-movement · EOG on CRK · 500d

r 0.42scale to r 0.75

Shared co-movers1with CRKwith EOG

MGYMagnolia Oil & Gas Corpr 0.49r 0.83

CRK, solidEOG, hatched× = co-movement · βr = correlationBar = r to r 0.75Order: weaker of A and BSource: daily closes

CRK compared with EOG: revenue, margins and what each company keeps, and the suppliers and customers both name