Core Laboratories Correlations
| CLB Stock | USD 13.36 0.74 5.86% |
The current 90-days correlation between Core Laboratories and Innovex International, is 0.06 (i.e., Significant 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 0.21 (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.
Moving together with Core Stock
| 0.61 | WFRD | Weatherford International | PairCorr |
| 0.64 | WTTR | Select Energy Services | PairCorr |
| 0.63 | BKR | Baker Hughes | PairCorr |
| 0.74 | HAL | Halliburton Aggressive Push | PairCorr |
| 0.66 | NOV | NOV Inc | PairCorr |
| 0.62 | XPRO | Expro Group Holdings Earnings Call This Week | PairCorr |
| 0.86 | RES | RPC Inc | PairCorr |
| 0.8 | SLB | Schlumberger NV | PairCorr |
| 0.65 | INVX | Innovex International, Earnings Call This Week | PairCorr |
Moving against Core Stock
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 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 | 3.92 | 10.39 | |||
| INVX | 1.80 | 0.24 | (0.07) | (0.11) | 2.12 | 4.93 | 12.94 | |||
| EFXT | 1.35 | 0.22 | 0.10 | 0.58 | 1.14 | 3.29 | 8.45 | |||
| RES | 2.02 | (0.17) | (0.10) | (0.01) | 2.38 | 4.65 | 11.92 | |||
| FET | 2.36 | 0.30 | 0.09 | 0.58 | 2.71 | 5.09 | 13.09 | |||
| OII | 1.73 | 0.35 | 0.14 | 0.79 | 1.58 | 4.97 | 8.86 | |||
| FTI | 1.57 | 0.54 | 0.27 | 1.33 | 0.94 | 3.61 | 13.70 | |||
| NOV | 1.76 | 0.08 | (0.01) | 0.36 | 1.60 | 3.94 | 9.52 | |||
| OIS | 2.75 | 0.62 | 0.23 | 0.86 | 2.07 | 6.09 | 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 |