Geospace Technologies Correlations

GEOS Stock  USD 11.37  0.08  0.70%   
The current 90-days correlation between Geospace Technologies and Ranger Energy Services is 0.3 (i.e., Weak diversification). The correlation of Geospace Technologies 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Geospace Technologies Correlation With Market

Very weak diversification

The correlation between Geospace Technologies and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Geospace Technologies and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Geospace Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Geospace Stock please use our How to Invest in Geospace Technologies guide.

Moving together with Geospace Stock

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Moving against Geospace Stock

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  0.35OII Oceaneering InternationalPairCorr
  0.77VAL ValarisPairCorr
  0.76TDW TidewaterPairCorr
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  0.56LBRT Liberty Oilfield Services Fiscal Year End 22nd of January 2025 PairCorr
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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   
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RNGREFXT
RNGRRES
VTOLDNOW
RESEFXT
RNGRDNOW
  
High negative correlations   
EFXTDNOW
VTOLEFXT
RNGRVTOL

Risk-Adjusted Indicators

There is a big difference between Geospace Stock performing well and Geospace Technologies 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 Geospace Technologies' 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.

Geospace Technologies Corporate Management

Robbin AdamsChief Project Engineer and Executive VPProfile
Gene GradickSenior MarketingProfile
David WittSenior TechnologyProfile
Robert CurdaCFO VPProfile