GeoPark Correlations

Stocks . USA . 
Stock . GeoPark
GPRK Stock  USD 7.25  0.32  4.62%   
The current 90-days correlation between GeoPark and Capital Clean Energy is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GeoPark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GeoPark moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

GeoPark Correlation With Market

Very weak diversification

The correlation between GeoPark and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GeoPark and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with GeoPark Stock
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GeoPark. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy GeoPark Stock please use our How to buy in GeoPark Stock guide.

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Moving against GeoPark Stock

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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   
CCEC
+ 0.54
ROOOF
TMHC
+ 0.49
CCEC
ABEV
+ 0.46
CCEC
SDHC
+ 0.45
TMHC
ABEV
+ 0.35
ROOOF
TMHC
+ 0.26
ROOOF
  
High negative correlations   
ABEV
- 0.67
PEP
PEP
- 0.65
CCEC
PEP
- 0.48
ROOOF
SDHC
- 0.22
CCEC
PEP
- 0.15
TMHC
SDHC
- 0.06
ROOOF

Risk-Adjusted Indicators

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

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