Dawson Geophysical Correlations

DWSN Stock

USD 1.30 0.01 0.76%

The current 90-days correlation between Dawson Geophysical and Mccoy Global is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dawson Geophysical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dawson Geophysical moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Dawson Geophysical Correlation With Market

Modest diversification

The correlation between Dawson Geophysical 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 Dawson Geophysical and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Dawson Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dawson Geophysical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Dawson Stock, please use our How to Invest in Dawson Geophysical guide.

Moving together with Dawson Stock

0.67	TS	Tenaris SA ADR	Pair Corr
0.74	VTOL	Bristow Group	Pair Corr
0.71	WFRD	Weatherford International	Pair Corr
0.62	WTTR	Select Energy Services	Pair Corr
0.81	DTI	Drilling Tools Inter	Pair Corr
0.62	HLX	Helix Energy Solutions	Pair Corr
0.68	NOA	North American Const	Pair Corr
0.68	OIS	Oil States International	Pair Corr
0.68	XPRO	Expro Group Holdings	Pair Corr
0.66	SEI	Solaris Energy Infra Symbol Change	Pair Corr
0.68	TDW	Tidewater	Pair Corr
0.68	TTI	Tetra Technologies	Pair Corr
0.69	WHD	Cactus Inc	Pair Corr
0.66	GEOS	Geospace Technologies	Pair Corr
0.72	KLXE	KLX Energy Services	Pair Corr
0.62	LBRT	Liberty Oilfield Services	Pair Corr
0.75	NESR	National Energy Services	Pair Corr

Related Correlations Analysis

	NSFDF	MCCRF	NESR	RNGR	MRC	BRYFF	XPRO	CHX	WHD	GEOS
NSFDF		0.45	-0.3	-0.5	0.49	-0.4	-0.35	-0.31	-0.11	-0.48	NSFDF
MCCRF	0.45		0.03	-0.12	0.73	-0.68	0.02	-0.09	0.26	-0.07	MCCRF
NESR	-0.3	0.03		0.92	0.31	0.25	0.94	0.92	0.88	0.93	NESR
RNGR	-0.5	-0.12	0.92		0.05	0.26	0.94	0.83	0.82	0.93	RNGR
MRC	0.49	0.73	0.31	0.05		-0.43	0.26	0.27	0.51	0.12	MRC
BRYFF	-0.4	-0.68	0.25	0.26	-0.43		0.19	0.39	-0.04	0.24	BRYFF
XPRO	-0.35	0.02	0.94	0.94	0.26	0.19		0.9	0.91	0.92	XPRO
CHX	-0.31	-0.09	0.92	0.83	0.27	0.39	0.9		0.81	0.85	CHX
WHD	-0.11	0.26	0.88	0.82	0.51	-0.04	0.91	0.81		0.82	WHD
GEOS	-0.48	-0.07	0.93	0.93	0.12	0.24	0.92	0.85	0.82		GEOS
	NSFDF	MCCRF	NESR	RNGR	MRC	BRYFF	XPRO	CHX	WHD	GEOS

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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

XPRO	+ 0.94	NESR
XPRO	+ 0.94	RNGR
GEOS	+ 0.93	NESR
GEOS	+ 0.93	RNGR
RNGR	+ 0.92	NESR
CHX	+ 0.92	NESR

High negative correlations

BRYFF	- 0.68	MCCRF
RNGR	- 0.5	NSFDF
GEOS	- 0.48	NSFDF
BRYFF	- 0.43	MRC
BRYFF	- 0.4	NSFDF
XPRO	- 0.35	NSFDF

Risk-Adjusted Indicators

There is a big difference between Dawson Stock performing well and Dawson Geophysical 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 Dawson Geophysical'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
NSFDF	6.91	2.21	0.22	1.99	5.20	(14.17)	25.00	(10.87)	68.56
MCCRF	3.84	1.07	0.24	0.83	3.53	(4.64)	10.53	(6.88)	29.73
NESR	2.60	(0.30)	0.00	(0.23)	0.00	0.00	4.34	(7.11)	19.09
RNGR	2.60	(0.52)	0.00	(0.40)	0.00	0.00	3.45	(5.79)	24.48
MRC	2.12	0.08	0.04	(0.51)	2.95	(2.22)	5.96	(4.85)	15.36
BRYFF	3.05	(0.47)	0.00	1.14	0.00	0.00	5.26	(12.50)	51.67
XPRO	3.28	(0.58)	0.00	0.85	0.00	0.00	4.72	(9.00)	30.40
CHX	1.88	(0.25)	0.00	1.94	0.00	0.00	3.82	(4.58)	20.30
WHD	2.51	(0.46)	0.00	3.32	0.00	0.00	4.48	(7.53)	19.77
GEOS	2.17	(0.48)	0.00	(0.42)	0.00	0.00	3.44	(6.77)	19.44

Dawson Geophysical Corporate Executives

Elected by the shareholders, the Dawson Geophysical's board of directors comprises two types of representatives: Dawson Geophysical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dawson. The board's role is to monitor Dawson Geophysical's management team and ensure that shareholders' interests are well served. Dawson Geophysical's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Dawson Geophysical's outside directors are responsible for providing unbiased perspectives on the board's policies.

James Brata	CFO, Executive VP and Treasurer	Profile
Ray Tobias	COO and Executive VP	Profile
Ray Mays	Executive COO	Profile

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