Geospace Technologies Correlations

GEOS Stock

USD 9.48 0.06 0.63%

The current 90-days correlation between Geospace Technologies and Natural Gas Services is 0.09 (i.e., Significant 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

Good diversification

The correlation between Geospace Technologies and DJI is -0.12 (i.e., Good 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 metropolitan statistical area.

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

Moving against Geospace Stock

0.49	ESOA	Energy Services	Pair Corr
0.44	TS	Tenaris SA ADR Earnings Call This Week	Pair Corr
0.44	CEU	CES Energy Solutions	Pair Corr
0.44	BKR	Baker Hughes	Pair Corr
0.41	TW1	Tenaris SA	Pair Corr
0.41	TWZ	Trican Well Service	Pair Corr
0.38	WFRD	Weatherford International	Pair Corr
0.38	AT	Ashtead Technology	Pair Corr
0.36	DWSN	Dawson Geophysical	Pair Corr
0.36	FTI	TechnipFMC PLC	Pair Corr
0.35	MATR	Mattr Corp	Pair Corr
0.34	WTTR	Select Energy Services	Pair Corr
0.32	RO3	ROBIT OYJ	Pair Corr
0.58	KGS	Kodiak Gas Services	Pair Corr
0.44	HLX	Helix Energy Solutions	Pair Corr
0.44	OII	Oceaneering International Buyout Trend	Pair Corr
0.43	5AO	Anton Oilfield Services	Pair Corr
0.39	SND	Smart Sand	Pair Corr
0.39	TDW	Tidewater Earnings Call This Week	Pair Corr
0.35	1SD	Smart Sand	Pair Corr
0.34	1T1	TechnipFMC PLC	Pair Corr
0.32	NGS	Natural Gas Services	Pair Corr

Related Correlations Analysis

	FET	NGS	RNGR	GFR	OIS	AREC	WTI	JKS	OMSE	OBE
FET		0.94	0.96	0.74	0.98	0.33	0.72	0.21	-0.34	0.85	FET
NGS	0.94		0.87	0.61	0.92	0.2	0.55	0.23	-0.41	0.71	NGS
RNGR	0.96	0.87		0.78	0.95	0.31	0.81	0.17	-0.35	0.91	RNGR
GFR	0.74	0.61	0.78		0.73	0.3	0.88	-0.01	-0.18	0.89	GFR
OIS	0.98	0.92	0.95	0.73		0.42	0.73	0.23	-0.25	0.85	OIS
AREC	0.33	0.2	0.31	0.3	0.42		0.3	0.12	0.43	0.38	AREC
WTI	0.72	0.55	0.81	0.88	0.73	0.3		0.07	-0.16	0.93	WTI
JKS	0.21	0.23	0.17	-0.01	0.23	0.12	0.07		0.03	0.1	JKS
OMSE	-0.34	-0.41	-0.35	-0.18	-0.25	0.43	-0.16	0.03		-0.2	OMSE
OBE	0.85	0.71	0.91	0.89	0.85	0.38	0.93	0.1	-0.2		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	+ 0.98	FET
RNGR	+ 0.96	FET
OIS	+ 0.95	RNGR
NGS	+ 0.94	FET
OBE	+ 0.93	WTI
OIS	+ 0.92	NGS

High negative correlations

OMSE	- 0.41	NGS
OMSE	- 0.35	RNGR
OMSE	- 0.34	FET
OMSE	- 0.25	OIS
OBE	- 0.2	OMSE
OMSE	- 0.18	GFR

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	1.99	0.87	0.44	1.05	1.40	(2.49)	4.71	(2.74)	13.46
NGS	1.35	0.35	0.20	0.74	1.30	(1.56)	3.46	(1.95)	9.35
RNGR	1.85	0.27	0.13	0.26	2.02	(2.20)	4.32	(3.79)	9.09
GFR	2.71	0.50	0.14	(1.03)	2.81	(3.11)	5.51	(3.72)	14.41
OIS	1.99	0.69	0.35	0.52	1.39	(2.47)	5.84	(3.31)	9.88
AREC	6.38	(0.09)	0.00	0.01	7.76	(6.61)	13.10	(13.12)	39.16
WTI	3.24	0.51	0.15	0.58	2.87	(4.25)	9.15	(4.12)	24.02
JKS	2.79	0.03	0.00	0.11	3.80	(2.86)	8.25	(6.11)	25.53
OMSE	2.40	0.01	(0.01)	(0.02)	3.40	(2.28)	5.74	(6.00)	16.38
OBE	2.55	0.35	0.10	0.85	2.94	(2.65)	5.16	(4.45)	13.99

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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