CSI Compressco Correlations

Summary

CCLPDelisted Stock

USD 1.11 0.02 1.77%

The current 90-days correlation between CSI Compressco LP and Geospace Technologies is -0.17 (i.e., Good diversification). The correlation of CSI Compressco 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.

CSI Compressco Correlation With Market

Good diversification

The correlation between CSI Compressco LP and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CSI Compressco LP and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. 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 against CSI Stock

0.33	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.31	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr

Related Correlations Analysis

	GEOS	MRC	NOA	NGS	EFXT	OIS	NR	DRQ	FET
GEOS		0.71	0.5	0.76	0.84	0.42	-0.16	-0.6	-0.4	GEOS
MRC	0.71		0.67	0.86	0.67	0.8	0.4	-0.21	0.21	MRC
NOA	0.5	0.67		0.59	0.42	0.79	0.33	0.06	0.3	NOA
NGS	0.76	0.86	0.59		0.82	0.79	0.34	-0.24	0.02	NGS
EFXT	0.84	0.67	0.42	0.82		0.45	-0.19	-0.59	-0.46	EFXT
OIS	0.42	0.8	0.79	0.79	0.45		0.62	0.17	0.49	OIS
NR	-0.16	0.4	0.33	0.34	-0.19	0.62		0.49	0.84	NR
DRQ	-0.6	-0.21	0.06	-0.24	-0.59	0.17	0.49		0.65	DRQ
FET	-0.4	0.21	0.3	0.02	-0.46	0.49	0.84	0.65		FET
	GEOS	MRC	NOA	NGS	EFXT	OIS	NR	DRQ	FET

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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

NGS	+ 0.86	MRC
EFXT	+ 0.84	GEOS
FET	+ 0.84	NR
EFXT	+ 0.82	NGS
OIS	+ 0.8	MRC
OIS	+ 0.79	NOA

High negative correlations

DRQ	- 0.6	GEOS
DRQ	- 0.59	EFXT
FET	- 0.46	EFXT
FET	- 0.4	GEOS
DRQ	- 0.24	NGS
DRQ	- 0.21	MRC

Risk-Adjusted Indicators

There is a big difference between CSI Stock performing well and CSI Compressco 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 CSI Compressco'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
GEOS	2.13	0.35	0.20	0.24	2.04	(2.47)	4.79	(3.45)	16.83
MRC	1.50	(0.02)	0.05	0.09	1.52	(1.74)	3.28	(2.94)	18.83
NOA	1.61	0.07	0.00	0.26	2.15	(1.72)	3.37	(2.99)	15.73
NGS	2.27	0.23	0.14	0.21	2.17	(2.77)	4.58	(3.04)	13.49
EFXT	1.67	0.73	0.38	1.12	1.15	(2.06)	4.56	(2.72)	8.19
OIS	2.38	(0.03)	0.01	0.08	2.68	(2.75)	5.26	(4.37)	15.23
NR	1.75	(0.20)	(0.04)	0.00	2.11	(1.87)	3.73	(3.89)	13.55
DRQ	1.89	(0.08)	0.00	0.62	0.00	0.00	3.57	(4.30)	12.98
FET	1.81	(0.28)	0.00	(0.12)	0.00	0.00	4.69	(3.35)	11.03

CSI Compressco Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CSI Compressco stock to make a market-neutral strategy. Peer analysis of CSI Compressco could also be used in its relative valuation, which is a method of valuing CSI Compressco by comparing valuation metrics with similar companies.

Geospace Technologies MRC Global North American Construction Natural Gas Services Enerflex Oil States International Newpark Resources Dril Quip Forum Energy Technologies Solaris Oilfield Infrastructure Ranger Energy Services American Airlines Group Alcoa Corp Apple Inc Best Buy Co

Risk & Return

Correlation

CSI Compressco Corporate Management

Kimberly Brien	Corporate Secretary	Profile
Robert Price	COO LLC	Profile
Jonathan Byers	CFO LLC	Profile
Derek Anchondo	Assistant LLC	Profile

Still Interested in CSI Compressco LP?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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