Gulf Island Correlations
| GIFI Stock | USD 7.24 0.14 1.97% |
The current 90-days correlation between Gulf Island Fabrication and Geospace Technologies is -0.07 (i.e., Good diversification). The correlation of Gulf Island 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.
Gulf Island Correlation With Market
Average diversification
The correlation between Gulf Island Fabrication and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gulf Island Fabrication and DJI in the same portfolio, assuming nothing else is changed.
Moving against Gulf Stock
| 0.62 | HIHO | Highway Holdings Earnings Call This Week | PairCorr |
| 0.38 | TPCS | TechPrecision Common | PairCorr |
| 0.42 | GP | GreenPower Motor | PairCorr |
| 0.31 | BV | BrightView Holdings | PairCorr |
| 0.52 | RR | Richtech Robotics Class Aggressive Push | PairCorr |
| 0.35 | LZ | LegalZoom | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Gulf Stock performing well and Gulf Island 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 Gulf Island's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NWPX | 1.20 | (0.13) | (0.10) | 0.00 | 1.70 | 3.35 | 8.25 | |||
| ESAB | 1.26 | 0.03 | 0.04 | 0.20 | 1.18 | 3.16 | 8.05 | |||
| IIIN | 1.59 | 0.41 | 0.21 | 0.81 | 1.22 | 2.91 | 20.12 | |||
| CMPO | 1.39 | 0.37 | 0.18 | 0.64 | 1.37 | 3.21 | 7.91 | |||
| INVX | 1.77 | 0.18 | (0.05) | (0.07) | 2.15 | 4.19 | 12.94 | |||
| GEOS | 5.16 | 1.27 | 0.25 | 2.44 | 3.99 | 7.56 | 70.40 | |||
| DWSN | 6.57 | 0.87 | 0.13 | 0.63 | 6.41 | 11.50 | 132.98 | |||
| NPKI | 1.93 | 0.54 | 0.37 | 0.60 | 1.08 | 4.48 | 28.96 | |||
| MTRX | 1.93 | 0.24 | 0.12 | 0.32 | 2.24 | 4.05 | 20.28 |
Gulf Island Corporate Executives
Elected by the shareholders, the Gulf Island's board of directors comprises two types of representatives: Gulf Island inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gulf. The board's role is to monitor Gulf Island's management team and ensure that shareholders' interests are well served. Gulf Island's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gulf Island's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Westley CPA | CFO, VP | Profile |