Expro Group Correlations
| XPRO Stock | USD 13.95 0.18 1.31% |
The current 90-days correlation between Expro Group Holdings and Rexford Industrial Realty is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Expro Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Expro Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Expro Group Correlation With Market
Weak diversification
The correlation between Expro Group Holdings and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Expro Group Holdings and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Expro Stock
| 0.7 | CDA | Canuc Resources Corp Earnings Call Tomorrow | PairCorr |
| 0.64 | SD | SandRidge Energy | PairCorr |
| 0.82 | 600938 | CNOOC Limited | PairCorr |
| 0.86 | EFXT | Enerflex | PairCorr |
| 0.64 | BSM | Black Stone Minerals | PairCorr |
| 0.62 | EQT | EQT Corporation | PairCorr |
Moving against Expro Stock
| 0.82 | JGH | Jade Gas Holdings | PairCorr |
| 0.76 | EP | Empire Petroleum Corp | PairCorr |
| 0.69 | AXP | AXP Energy Split | PairCorr |
| 0.66 | VIVK | Vivakor | PairCorr |
| 0.6 | EW | East West Petroleum Split | PairCorr |
| 0.58 | EPSN | Epsilon Energy | PairCorr |
| 0.56 | ZEN | Zenith Energy | PairCorr |
| 0.55 | DMLP | Dorchester Minerals | PairCorr |
| 0.76 | EPM | Evolution Petroleum | PairCorr |
| 0.71 | GBR | New Concept Energy | PairCorr |
| 0.69 | NOG | Northern Oil Gas | PairCorr |
| 0.68 | CRC | California Resources Corp | PairCorr |
| 0.65 | KOS | Kosmos Energy | PairCorr |
| 0.64 | EOG | EOG Resources | PairCorr |
| 0.64 | MVO | MV Oil Trust | PairCorr |
| 0.57 | COP | ConocoPhillips | PairCorr |
| 0.52 | OVV | Ovintiv | PairCorr |
| 0.47 | DEC | Diversified Energy | PairCorr |
| 0.41 | BRY | Berry Petroleum Corp | PairCorr |
Related Correlations Analysis
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
|
Risk-Adjusted Indicators
There is a big difference between Expro Stock performing well and Expro Group 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 Expro Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| REXR | 1.02 | (0.05) | (0.04) | 0.01 | 1.27 | 2.30 | 7.27 | |||
| HTRC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PMNXF | 2.10 | 0.61 | 0.22 | 0.84 | 2.09 | 5.15 | 15.72 | |||
| BCTCF | 0.18 | (0.06) | 0.00 | 2.25 | 0.00 | 0.00 | 6.10 | |||
| NTCXF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JUMT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| HGMCF | 1.55 | 0.19 | 0.01 | (0.45) | 3.38 | 6.27 | 25.92 | |||
| ITCJ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |