Core Laboratories Correlations

CLB Stock  USD 12.26  1.10  8.23%   
The current 90-days correlation between Core Laboratories and Innovex International, is -0.1 (i.e., Good 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

Modest diversification

The correlation between Core Laboratories NV and DJI is 0.2 (i.e., Modest 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.
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

  0.72WFRD Weatherford InternationalPairCorr
  0.71BKR Baker HughesPairCorr
  0.63FET Forum Energy Technologies Earnings Call This WeekPairCorr
  0.77HAL Halliburton Aggressive PushPairCorr
  0.74NOV NOV IncPairCorr
  0.66XPRO Expro Group Holdings Earnings Call This WeekPairCorr
  0.68RES RPC IncPairCorr
  0.81SLB Schlumberger NVPairCorr
  0.65VAL Valaris Earnings Call This WeekPairCorr
  0.62LBRT Liberty Oilfield ServicesPairCorr
  0.64NESRW National Energy ServicesPairCorr

Moving against Core Stock

  0.46KGS Kodiak Gas Services,PairCorr
  0.4LB LandBridge CompanyPairCorr
  0.55AM Antero Midstream Partners Earnings Call This WeekPairCorr

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   
FTIOII
OISOII
OISFTI
FETEFXT
NOVFET
NOVEFXT
  
High negative correlations   
RESCHX
INVXCHX
NOVCHX

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