Core Laboratories Correlations

Stocks . USA . 
Stock . Core Laboratories NV
CLB Stock  USD 12.78  0.01  0.08%   
The current 90-days correlation between Core Laboratories and Dave Busters Entertainment is 0.41 (i.e., Very weak diversification). The correlation of Core Laboratories is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Core Laboratories Correlation With Market

Good diversification

The correlation between Core Laboratories NV and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Core Laboratories NV and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with Core Stock
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Laboratories NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Core Stock

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  0.74KLXE KLX Energy ServicesPairCorr
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  0.73NESR National Energy ServicesPairCorr
  0.68NINE Nine Energy ServicePairCorr

Moving against Core Stock

  0.32FTK Flotek IndustriesPairCorr
  0.31NPKI NPK International Symbol ChangePairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
CTOS
+ 0.94
ARW
NLOP
+ 0.91
CTOS
NLOP
+ 0.87
ARW
CTOS
+ 0.83
PLAY
NLOP
+ 0.83
PLAY
ARW
+ 0.8
PLAY
  
High negative correlations   
PLTK
- 0.35
PLAY
NLOP
- 0.18
PLTK
PLTK
- 0.18
CTOS
PLTK
- 0.14
GATX
PLTK
- 0.14
ARW

Risk-Adjusted Indicators

There is a big difference between Core Stock performing well and Core Laboratories Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Core Laboratories' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Core Laboratories Corporate Management

Gwendolyn MBASenior RelationsProfile
J DumasVice President Business DevelopmentProfile
Martha CarnesPresiding Non-Executive Lead Independent Member of the Supervisory BoardProfile
Monique EeuwijkNon-Executive Independent Member of the Supervisory BoardProfile
Jacobus SchoutenManaging DirectorProfile
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