Geospace Technologies Correlations

GEOS Stock

USD 10.82 0.04 0.37%

The current 90-days correlation between Geospace Technologies and Natural Gas Services is 0.37 (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 0.4 (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

0.74	TS	Tenaris SA ADR	Pair Corr
0.63	WTTR	Select Energy Services	Pair Corr
0.78	BKR	Baker Hughes Sell-off Trend	Pair Corr
0.65	CLB	Core Laboratories	Pair Corr
0.67	FTK	Flotek Industries	Pair Corr
0.67	KGS	Kodiak Gas Services,	Pair Corr
0.62	MRC	MRC Global	Pair Corr
0.72	SND	Smart Sand	Pair Corr
0.71	TTI	Tetra Technologies	Pair Corr
0.62	WHD	Cactus Inc	Pair Corr

Moving against Geospace Stock

0.74	XPRO	Expro Group Holdings	Pair Corr
0.68	TDW	Tidewater	Pair Corr
0.57	DTI	Drilling Tools Inter	Pair Corr
0.39	WFRD	Weatherford International	Pair Corr
0.32	FET	Forum Energy Technologies	Pair Corr
0.78	EC	Ecopetrol SA ADR	Pair Corr
0.68	BP	BP PLC ADR	Pair Corr
0.63	BOOM	Dmc Global	Pair Corr
0.61	LBRT	Liberty Oilfield Services Fiscal Year End 22nd of January 2025	Pair Corr
0.61	DINO	HF Sinclair Corp	Pair Corr
0.57	VAL	Valaris	Pair Corr
0.5	NESR	National Energy Services	Pair Corr
0.44	RCON	Recon Technology	Pair Corr

Related Correlations Analysis

	CCLP	EFXT	OIS	NR	MRC	NOA	NGS	DNOW	OII	AROC
CCLP		-0.29	-0.35	-0.2	-0.3	-0.26	-0.24	-0.29	-0.27	-0.33	CCLP
EFXT	-0.29		0.73	0.42	0.82	0.51	0.93	0.83	0.83	0.94	EFXT
OIS	-0.35	0.73		0.7	0.87	0.81	0.86	0.88	0.9	0.81	OIS
NR	-0.2	0.42	0.7		0.63	0.49	0.66	0.63	0.66	0.5	NR
MRC	-0.3	0.82	0.87	0.63		0.72	0.9	0.92	0.95	0.91	MRC
NOA	-0.26	0.51	0.81	0.49	0.72		0.62	0.71	0.72	0.6	NOA
NGS	-0.24	0.93	0.86	0.66	0.9	0.62		0.93	0.9	0.95	NGS
DNOW	-0.29	0.83	0.88	0.63	0.92	0.71	0.93		0.91	0.93	DNOW
OII	-0.27	0.83	0.9	0.66	0.95	0.72	0.9	0.91		0.91	OII
AROC	-0.33	0.94	0.81	0.5	0.91	0.6	0.95	0.93	0.91		AROC
	CCLP	EFXT	OIS	NR	MRC	NOA	NGS	DNOW	OII	AROC

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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

OII	+ 0.95	MRC
AROC	+ 0.95	NGS
AROC	+ 0.94	EFXT
NGS	+ 0.93	EFXT
DNOW	+ 0.93	NGS
AROC	+ 0.93	DNOW

High negative correlations

OIS	- 0.35	CCLP
AROC	- 0.33	CCLP
MRC	- 0.3	CCLP
DNOW	- 0.29	CCLP
EFXT	- 0.29	CCLP
OII	- 0.27	CCLP

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CCLP	2.66	(0.10)	0.00	(0.08)	0.00	0.00	8.11	(4.35)	17.49
EFXT	1.68	0.65	0.34	1.19	1.21	(2.08)	4.56	(2.72)	8.19
OIS	2.42	(0.04)	0.00	0.09	2.73	(2.78)	5.26	(4.37)	15.23
NR	1.75	(0.20)	(0.04)	0.01	2.13	(1.84)	3.73	(3.89)	13.55
MRC	1.43	(0.10)	0.01	0.06	1.54	(1.70)	3.28	(2.94)	18.83
NOA	1.72	0.10	0.01	0.41	2.26	(1.82)	3.89	(3.16)	16.84
NGS	2.12	0.18	0.12	0.22	2.16	(2.51)	4.13	(3.04)	14.29
DNOW	1.50	0.01	0.08	0.12	1.40	(1.79)	3.55	(2.40)	14.99
OII	2.16	(0.03)	0.03	0.10	2.46	(2.24)	4.23	(4.07)	15.31
AROC	1.68	0.20	0.16	0.24	1.53	(2.06)	3.19	(2.31)	14.49

Geospace Technologies Corporate Executives

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

	Robert CPA	CFO VP	Profile
	Richard Kelley	Executive COO	Profile

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