Geospace Technologies Correlations

GEOS Stock

USD 10.73 0.20 1.90%

The current 90-days correlation between Geospace Technologies and Natural Gas Services is -0.05 (i.e., Good diversification). The correlation of Geospace Technologies 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Geospace Technologies Correlation With Market

Significant diversification

The correlation between Geospace Technologies and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Geospace Technologies and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Geospace Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Geospace Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more information on how to buy Geospace Stock please use our How to Invest in Geospace Technologies guide.

Moving together with Geospace Stock

0.74	TS	Tenaris SA ADR	Pair Corr
0.7	VTOL	Bristow Group	Pair Corr
0.69	EFXT	Enerflex	Pair Corr
0.79	FET	Forum Energy Technologies	Pair Corr
0.66	FTI	TechnipFMC PLC Earnings Call This Week	Pair Corr
0.62	OII	Oceaneering International Earnings Call This Week	Pair Corr
0.7	OIS	Oil States International Earnings Call Next Week	Pair Corr
0.63	SEI	Solaris Energy Infra Symbol Change	Pair Corr
0.64	TDW	Tidewater	Pair Corr
0.67	TTI	Tetra Technologies	Pair Corr
0.61	VAL	Valaris	Pair Corr
0.65	NESRW	National Energy Services	Pair Corr

Moving against Geospace Stock

0.58	LB	LandBridge Company	Pair Corr
0.41	KGS	Kodiak Gas Services,	Pair Corr
0.37	FLOC	Flowco Holdings	Pair Corr
0.47	HP	Helmerich and Payne Earnings Call This Week	Pair Corr

Related Correlations Analysis

	NGS	EFXT	INVX	FET	GIFI	NFBK	GENC	WINA
NGS		0.86	0.12	0.69	-0.02	0.82	0.85	0.67	NGS
EFXT	0.86		0.46	0.9	0.31	0.72	0.86	0.36	EFXT
INVX	0.12	0.46		0.64	0.63	0.05	0.24	-0.15	INVX
FET	0.69	0.9	0.64		0.52	0.5	0.74	0.1	FET
GIFI	-0.02	0.31	0.63	0.52		-0.03	0.23	-0.3	GIFI
NFBK	0.82	0.72	0.05	0.5	-0.03		0.88	0.65	NFBK
GENC	0.85	0.86	0.24	0.74	0.23	0.88		0.48	GENC
WINA	0.67	0.36	-0.15	0.1	-0.3	0.65	0.48		WINA
	NGS	EFXT	INVX	FET	GIFI	NFBK	GENC	WINA

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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

FET	+ 0.9	EFXT
GENC	+ 0.88	NFBK
EFXT	+ 0.86	NGS
GENC	+ 0.86	EFXT
GENC	+ 0.85	NGS
NFBK	+ 0.82	NGS

High negative correlations

WINA	- 0.3	GIFI
WINA	- 0.15	INVX
NFBK	- 0.03	GIFI
GIFI	- 0.02	NGS

Risk-Adjusted Indicators

There is a big difference between Geospace Stock performing well and Geospace Technologies 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 Geospace Technologies' 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NGS	2.14	0.33	0.11	0.50	2.29	(2.22)	3.99	(3.75)	24.06
EFXT	1.44	0.22	0.11	0.45	1.42	(1.56)	3.47	(2.51)	8.45
INVX	1.76	(0.01)	(0.03)	0.12	2.11	(2.01)	4.19	(4.19)	12.94
FET	2.51	0.51	0.15	0.94	2.87	(2.70)	5.41	(4.41)	13.70
GIFI	1.70	0.17	0.02	1.13	2.62	(1.80)	4.05	(3.87)	18.12
NFBK	1.49	0.11	0.10	0.21	1.46	(1.78)	4.12	(3.27)	12.65
GENC	2.42	0.17	0.07	0.27	2.84	(2.69)	4.75	(5.36)	19.77
WINA	1.41	0.22	0.03	(19.59)	2.55	(1.25)	2.68	(3.10)	14.72

Geospace Technologies Corporate Executives

Elected by the shareholders, the Geospace Technologies' board of directors comprises two types of representatives: Geospace Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Geospace. The board's role is to monitor Geospace Technologies' management team and ensure that shareholders' interests are well served. Geospace Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Geospace Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.

Robert CPA	CFO VP	Profile
Richard Kelley	Executive COO	Profile
Todd Bushey	Senior CTO	Profile

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