Geospace Technologies Correlations

GEOS Stock

USD 15.46 1.16 6.98%

The current 90-days correlation between Geospace Technologies and Natural Gas Services is -0.03 (i.e., Good 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

Average diversification

The correlation between Geospace Technologies and DJI is 0.11 (i.e., Average 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.

Build AI portfolio with Geospace Stock

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 inflation.

For more information on how to buy Geospace Stock please use our How to Invest in Geospace Technologies guide.

Moving against Geospace Stock

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0.4	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.31	TLK	Telkom Indonesia Tbk	Pair Corr
0.49	377320AA4	US377320AA45	Pair Corr
0.41	CP	Canadian Pacific Railway	Pair Corr
0.38	CZNC	Citizens Northern Corp Normal Trading	Pair Corr
0.35	ZTO	ZTO Express	Pair Corr
0.32	SILEF	Silver Elephant Mining	Pair Corr
0.56	ORRF	Orrstown Financial	Pair Corr
0.46	VFC	VF Corporation	Pair Corr

Related Correlations Analysis

	FET	NGS	RNGR	GFR	OIS	AREC	WTI	JKS	OMSE	OBE
FET		0.9	0.89	0.56	0.96	0.26	0.17	0.11	-0.4	0.69	FET
NGS	0.9		0.69	0.41	0.82	-0.03	-0.18	0.08	-0.62	0.47	NGS
RNGR	0.89	0.69		0.51	0.92	0.51	0.41	0.14	-0.13	0.75	RNGR
GFR	0.56	0.41	0.51		0.53	0.27	0.54	-0.23	-0.07	0.79	GFR
OIS	0.96	0.82	0.92	0.53		0.43	0.24	0.16	-0.22	0.7	OIS
AREC	0.26	-0.03	0.51	0.27	0.43		0.56	0.25	0.58	0.46	AREC
WTI	0.17	-0.18	0.41	0.54	0.24	0.56		-0.13	0.43	0.63	WTI
JKS	0.11	0.08	0.14	-0.23	0.16	0.25	-0.13		0.1	-0.04	JKS
OMSE	-0.4	-0.62	-0.13	-0.07	-0.22	0.58	0.43	0.1		-0.11	OMSE
OBE	0.69	0.47	0.75	0.79	0.7	0.46	0.63	-0.04	-0.11		OBE
	FET	NGS	RNGR	GFR	OIS	AREC	WTI	JKS	OMSE	OBE

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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

OIS	+ 0.96	FET
OIS	+ 0.92	RNGR
NGS	+ 0.9	FET
RNGR	+ 0.89	FET
OIS	+ 0.82	NGS
OBE	+ 0.79	GFR

High negative correlations

OMSE	- 0.62	NGS
OMSE	- 0.4	FET
JKS	- 0.23	GFR
OMSE	- 0.22	OIS
WTI	- 0.18	NGS
JKS	- 0.13	WTI

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
FET	2.11	0.76	0.31	(2.90)	1.88	(2.58)	4.71	(3.01)	13.46
NGS	1.53	0.35	0.15	2.78	1.83	(1.78)	3.46	(2.45)	11.12
RNGR	1.59	0.20	0.08	(0.75)	1.85	(2.02)	3.32	(3.79)	8.57
GFR	2.88	0.33	0.07	(0.22)	3.48	(3.18)	5.87	(6.78)	14.81
OIS	1.83	0.48	0.20	(0.99)	1.70	(2.23)	4.44	(3.36)	9.25
AREC	6.24	0.21	0.02	(0.24)	7.50	(6.64)	13.10	(12.99)	39.16
WTI	2.60	0.04	0.00	2.88	2.63	(3.23)	6.28	(4.52)	13.26
JKS	3.11	0.10	0.02	0.57	3.92	(3.33)	8.25	(6.11)	28.47
OMSE	2.70	(0.27)	0.00	0.31	0.00	0.00	5.74	(6.37)	16.38
OBE	2.29	0.50	0.16	(0.62)	2.46	(2.43)	4.11	(3.78)	12.32

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
Todd Bushey	Senior CTO	Profile
Ronald Bushey	Senior CTO	Profile

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