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.

Build AI portfolio with Core Stock

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

0.72	WFRD	Weatherford International	Pair Corr
0.71	BKR	Baker Hughes	Pair Corr
0.63	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr
0.77	HAL	Halliburton Aggressive Push	Pair Corr
0.74	NOV	NOV Inc	Pair Corr
0.66	XPRO	Expro Group Holdings Earnings Call This Week	Pair Corr
0.68	RES	RPC Inc	Pair Corr
0.81	SLB	Schlumberger NV	Pair Corr
0.65	VAL	Valaris Earnings Call This Week	Pair Corr
0.62	LBRT	Liberty Oilfield Services	Pair Corr
0.64	NESRW	National Energy Services	Pair Corr

Moving against Core Stock

0.46	KGS	Kodiak Gas Services,	Pair Corr
0.4	LB	LandBridge Company	Pair Corr
0.55	AM	Antero Midstream Partners Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CHX	INVX	EFXT	RES	FET	OII	FTI	NOV	OIS
CHX		-0.07	0.26	-0.28	0.22	0.3	0.3	-0.01	0.37	CHX
INVX	-0.07		0.44	0.68	0.65	0.45	0.42	0.59	0.41	INVX
EFXT	0.26	0.44		0.33	0.91	0.59	0.5	0.86	0.57	EFXT
RES	-0.28	0.68	0.33		0.55	0.41	0.35	0.57	0.41	RES
FET	0.22	0.65	0.91	0.55		0.62	0.56	0.89	0.62	FET
OII	0.3	0.45	0.59	0.41	0.62		0.95	0.57	0.95	OII
FTI	0.3	0.42	0.5	0.35	0.56	0.95		0.44	0.95	FTI
NOV	-0.01	0.59	0.86	0.57	0.89	0.57	0.44		0.53	NOV
OIS	0.37	0.41	0.57	0.41	0.62	0.95	0.95	0.53		OIS
	CHX	INVX	EFXT	RES	FET	OII	FTI	NOV	OIS

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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

FTI	+ 0.95	OII
OIS	+ 0.95	OII
OIS	+ 0.95	FTI
FET	+ 0.91	EFXT
NOV	+ 0.89	FET
NOV	+ 0.86	EFXT

High negative correlations

RES	- 0.28	CHX
INVX	- 0.07	CHX
NOV	- 0.01	CHX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CHX	1.61	0.17	(0.09)	(0.09)	2.02	(1.88)	3.92	(2.85)	10.39
INVX	1.80	0.24	(0.07)	(0.11)	2.12	(2.06)	4.93	(4.19)	12.94
EFXT	1.34	0.41	0.10	(2.27)	1.11	(1.55)	2.92	(2.27)	8.45
RES	2.02	(0.17)	(0.10)	(0.01)	2.38	(2.39)	4.65	(3.80)	11.92
FET	2.30	0.51	0.08	(4.27)	2.64	(2.51)	5.09	(4.00)	11.52
OII	1.73	0.35	0.14	0.79	1.58	(2.09)	4.97	(3.32)	8.86
FTI	1.57	0.54	0.27	1.33	0.94	(1.93)	3.61	(2.51)	13.70
NOV	1.77	0.18	0.00	0.95	1.64	(2.20)	3.94	(3.00)	9.52
OIS	2.75	0.62	0.23	0.86	2.07	(3.45)	6.09	(3.84)	28.48

Core Laboratories Corporate Management

Gwendolyn MBA	Senior Relations	Profile
J Dumas	Vice President Business Development	Profile
Martha Carnes	Presiding Non-Executive Lead Independent Member of the Supervisory Board	Profile
Monique Eeuwijk	Non-Executive Independent Member of the Supervisory Board	Profile
Jacobus Schouten	Managing Director	Profile

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