Geo Correlations

GEO Stock

USD 28.73 0.92 3.31%

The current 90-days correlation between Geo Group and Resideo Technologies is 0.42 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Geo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Geo Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Geo Correlation With Market

Poor diversification

The correlation between Geo Group and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Geo Group 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 Geo Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Geo Stock

0.91	SQ	Block Inc Tech Boost	Pair Corr
0.86	WM	Waste Management	Pair Corr
0.62	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.66	AXR	AMREP	Pair Corr
0.81	CBZ	CBIZ Inc	Pair Corr
0.9	DLX	Deluxe	Pair Corr
0.84	GFL	Gfl Environmental	Pair Corr
0.72	RSG	Republic Services	Pair Corr
0.73	ACCO	Acco Brands	Pair Corr
0.8	CASS	Cass Information Systems Fiscal Year End 23rd of January 2025	Pair Corr
0.93	CSGS	CSG Systems International	Pair Corr
0.84	R	Ryder System	Pair Corr

Moving against Geo Stock

0.9	HDSN	Hudson Technologies	Pair Corr
0.65	MEG	Montrose Environmental	Pair Corr
0.57	MMS	Maximus Downward Rally	Pair Corr
0.56	FA	First Advantage Corp	Pair Corr
0.55	LNZAW	LanzaTech Global	Pair Corr
0.45	WEX	Wex Inc	Pair Corr
0.42	LNZA	LanzaTech Global	Pair Corr
0.42	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.38	RELX	Relx PLC ADR	Pair Corr
0.78	CP	Canadian Pacific Railway	Pair Corr
0.72	CVEO	Civeo Corp	Pair Corr
0.68	MG	Mistras Group	Pair Corr
0.63	FC	Franklin Covey	Pair Corr
0.63	HY	Hyster Yale Materials	Pair Corr
0.58	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.56	CDTG	CDT Environmental	Pair Corr
0.39	AP	Ampco Pittsburgh	Pair Corr

Related Correlations Analysis

	NL	MG	REZI	BRC	BCO	ALLE	CIX	MSA	EVLVW
NL		-0.36	0.6	0.34	-0.3	0.66	0.73	-0.47	-0.68	NL
MG	-0.36		-0.56	0.18	0.71	0.21	-0.12	0.37	0.75	MG
REZI	0.6	-0.56		0.14	-0.71	0.14	0.32	-0.12	-0.68	REZI
BRC	0.34	0.18	0.14		0.38	0.59	0.44	0.4	0.06	BRC
BCO	-0.3	0.71	-0.71	0.38		0.33	0.04	0.43	0.72	BCO
ALLE	0.66	0.21	0.14	0.59	0.33		0.61	-0.1	-0.02	ALLE
CIX	0.73	-0.12	0.32	0.44	0.04	0.61		-0.14	-0.3	CIX
MSA	-0.47	0.37	-0.12	0.4	0.43	-0.1	-0.14		0.58	MSA
EVLVW	-0.68	0.75	-0.68	0.06	0.72	-0.02	-0.3	0.58		EVLVW
	NL	MG	REZI	BRC	BCO	ALLE	CIX	MSA	EVLVW

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

EVLVW	+ 0.75	MG
CIX	+ 0.73	NL
EVLVW	+ 0.72	BCO
BCO	+ 0.71	MG
ALLE	+ 0.66	NL
CIX	+ 0.61	ALLE

High negative correlations

BCO	- 0.71	REZI
EVLVW	- 0.68	REZI
EVLVW	- 0.68	NL
REZI	- 0.56	MG
MSA	- 0.47	NL
MG	- 0.36	NL

Risk-Adjusted Indicators

There is a big difference between Geo Stock performing well and Geo 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 Geo'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
NL	2.07	0.18	0.09	0.17	2.88	(2.10)	4.35	(5.52)	16.96
MG	2.35	(0.57)	0.00	(0.16)	0.00	0.00	4.10	(4.10)	29.26
REZI	1.73	0.37	0.26	0.26	1.36	(2.18)	5.22	(2.65)	11.09
BRC	0.91	(0.10)	(0.07)	0.00	1.36	(0.97)	1.79	(1.89)	10.73
BCO	1.19	(0.23)	0.00	(0.16)	0.00	0.00	2.77	(2.72)	7.53
ALLE	0.79	0.03	0.00	0.15	1.05	(0.74)	1.49	(1.79)	5.54
CIX	3.00	(0.04)	0.02	0.07	3.93	(3.19)	5.68	(5.79)	22.54
MSA	1.01	(0.12)	0.00	(0.04)	0.00	0.00	2.25	(2.36)	5.96
EVLVW	6.47	(1.01)	0.00	(0.37)	0.00	0.00	11.76	(11.76)	65.32

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

2024 Macroaxis LLC