Core Laboratories Correlations

CLB Stock

USD 18.13 1.18 6.96%

The current 90-days correlation between Core Laboratories and Crossamerica Partners LP is 0.41 (i.e., Very weak 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

Weak diversification

The correlation between Core Laboratories NV and DJI is 0.35 (i.e., Weak 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.

Build AI portfolio with Core Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Core Laboratories NV. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with Core Stock

0.68	0NIS	SBM Offshore NV	Pair Corr
0.9	WFRD	Weatherford International	Pair Corr
0.81	FLOC	Flowco Holdings	Pair Corr
0.64	DTI	Drilling Tools Inter	Pair Corr
0.79	FET	Forum Energy Technologies	Pair Corr
0.89	NOV	NOV Inc	Pair Corr
0.78	OIS	Oil States International	Pair Corr
0.85	RES	RPC Inc	Pair Corr
0.63	SND	Smart Sand	Pair Corr
0.67	GIFI	Gulf Island Fabrication	Pair Corr
0.7	002108	Cangzhou Mingzhu Plastic	Pair Corr
0.86	NESR	National Energy Services	Pair Corr
0.68	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.7	BROS	Dutch Bros	Pair Corr
0.61	MGCV	MGC Ventures	Pair Corr
0.71	SYF	Synchrony Financial	Pair Corr

Moving against Core Stock

0.52	LSE	Leishen Energy Holding	Pair Corr
0.46	AT	Ashtead Technology	Pair Corr
0.69	RCON	Recon Technology	Pair Corr
0.64	TUSK	Mammoth Energy Services	Pair Corr
0.61	NSFDF	NXT Energy Solutions	Pair Corr
0.49	GLABF	Gemina Laboratories	Pair Corr

Related Correlations Analysis

	CAPL	BORR	TNP	PDS	GRNT	NBR	VTS	TXO	SOC	HPK
CAPL		0.69	0.0	0.58	-0.46	0.71	-0.6	-0.36	-0.71	-0.64	CAPL
BORR	0.69		0.0	0.96	-0.46	0.89	-0.59	-0.74	-0.59	-0.8	BORR
TNP	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	TNP
PDS	0.58	0.96	0.0		-0.49	0.82	-0.55	-0.8	-0.42	-0.8	PDS
GRNT	-0.46	-0.46	0.0	-0.49		-0.3	0.86	0.76	0.39	0.78	GRNT
NBR	0.71	0.89	0.0	0.82	-0.3		-0.57	-0.54	-0.69	-0.68	NBR
VTS	-0.6	-0.59	0.0	-0.55	0.86	-0.57		0.75	0.67	0.79	VTS
TXO	-0.36	-0.74	0.0	-0.8	0.76	-0.54	0.75		0.38	0.82	TXO
SOC	-0.71	-0.59	0.0	-0.42	0.39	-0.69	0.67	0.38		0.54	SOC
HPK	-0.64	-0.8	0.0	-0.8	0.78	-0.68	0.79	0.82	0.54		HPK
	CAPL	BORR	TNP	PDS	GRNT	NBR	VTS	TXO	SOC	HPK

Please upgrade your account to get full access to Macroaxis premium features

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

PDS	+ 0.96	BORR
NBR	+ 0.89	BORR
VTS	+ 0.86	GRNT
NBR	+ 0.82	PDS
HPK	+ 0.82	TXO
HPK	+ 0.79	VTS

High negative correlations

HPK	- 0.8	PDS
TXO	- 0.8	PDS
HPK	- 0.8	BORR
TXO	- 0.74	BORR
SOC	- 0.71	CAPL
SOC	- 0.69	NBR

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
CAPL	0.83	(0.01)	(0.04)	0.02	1.10	(0.85)	1.86	(1.89)	4.92
BORR	2.87	0.54	0.16	0.29	3.06	(3.09)	7.39	(5.94)	16.96
TNP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PDS	1.51	0.35	0.18	0.38	1.73	(1.69)	2.93	(2.63)	7.44
GRNT	1.80	(0.20)	0.00	(0.36)	0.00	0.00	3.11	(4.28)	9.14
NBR	2.79	0.42	0.14	0.27	3.09	(3.19)	9.68	(5.70)	17.72
VTS	1.21	(0.22)	0.00	(0.43)	0.00	0.00	2.43	(2.74)	6.43
TXO	1.15	(0.36)	0.00	(0.63)	0.00	0.00	2.29	(2.72)	7.22
SOC	9.06	(0.02)	0.01	0.05	10.79	(10.53)	20.50	(18.84)	69.74
HPK	3.58	(0.64)	0.00	(0.63)	0.00	0.00	5.33	(7.06)	21.96

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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC