GeoPark Correlations

GPRK Stock

USD 8.27 0.03 0.36%

The current 90-days correlation between GeoPark and Evolution Petroleum is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as GeoPark moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if GeoPark moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

GeoPark Correlation With Market

Average diversification

The correlation between GeoPark and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GeoPark 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 GeoPark. 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 GeoPark Stock please use our How to buy in GeoPark Stock guide.

Moving together with GeoPark Stock

0.66	SD	SandRidge Energy	Pair Corr
0.81	SM	SM Energy	Pair Corr
0.8	VTLE	Vital Energy	Pair Corr
0.73	EONR	EON Resources Symbol Change	Pair Corr
0.77	FANG	Diamondback Energy	Pair Corr
0.61	APA	APA Corporation	Pair Corr
0.73	BTE	Baytex Energy Corp Aggressive Push	Pair Corr
0.68	CNQ	Canadian Natural Res	Pair Corr
0.63	DVN	Devon Energy	Pair Corr
0.84	GTE	Gran Tierra Energy	Pair Corr
0.68	KOS	Kosmos Energy	Pair Corr
0.71	MNR	Mach Natural Resources	Pair Corr

Related Correlations Analysis

	EPM	GRNT	PHX	CRC	CRGY	PNRG	EPSN	ESTE	VTLE	CRK
EPM		0.55	0.37	0.78	0.72	0.72	0.52	0.32	-0.05	0.72	EPM
GRNT	0.55		-0.02	0.72	0.53	0.39	-0.01	0.51	0.65	0.55	GRNT
PHX	0.37	-0.02		0.35	0.56	0.68	0.61	0.31	-0.2	0.5	PHX
CRC	0.78	0.72	0.35		0.86	0.83	0.54	0.66	0.24	0.91	CRC
CRGY	0.72	0.53	0.56	0.86		0.91	0.73	0.64	0.13	0.93	CRGY
PNRG	0.72	0.39	0.68	0.83	0.91		0.71	0.68	-0.12	0.9	PNRG
EPSN	0.52	-0.01	0.61	0.54	0.73	0.71		0.26	-0.21	0.69	EPSN
ESTE	0.32	0.51	0.31	0.66	0.64	0.68	0.26		0.24	0.74	ESTE
VTLE	-0.05	0.65	-0.2	0.24	0.13	-0.12	-0.21	0.24		0.13	VTLE
CRK	0.72	0.55	0.5	0.91	0.93	0.9	0.69	0.74	0.13		CRK
	EPM	GRNT	PHX	CRC	CRGY	PNRG	EPSN	ESTE	VTLE	CRK

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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

CRK	+ 0.93	CRGY
CRK	+ 0.91	CRC
PNRG	+ 0.91	CRGY
CRK	+ 0.9	PNRG
CRGY	+ 0.86	CRC
PNRG	+ 0.83	CRC

High negative correlations

VTLE	- 0.21	EPSN
VTLE	- 0.2	PHX
VTLE	- 0.12	PNRG
VTLE	- 0.05	EPM
PHX	- 0.02	GRNT
EPSN	- 0.01	GRNT

Risk-Adjusted Indicators

There is a big difference between GeoPark Stock performing well and GeoPark 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 GeoPark'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
EPM	1.81	0.24	0.13	0.34	1.63	(2.28)	3.99	(2.93)	20.30
GRNT	1.46	0.00	0.01	0.10	1.80	(1.63)	2.76	(3.47)	8.43
PHX	1.07	0.17	0.04	(4.78)	1.37	(1.36)	2.06	(1.73)	12.87
CRC	1.61	0.10	0.07	0.17	2.00	(1.73)	3.57	(3.15)	9.20
CRGY	1.94	0.43	0.17	0.57	2.12	(2.30)	3.79	(3.20)	17.80
PNRG	2.46	0.59	0.27	0.49	1.96	(3.07)	5.88	(4.38)	12.61
EPSN	1.92	0.20	0.05	2.91	2.17	(2.13)	4.46	(3.74)	11.32
ESTE	2.25	0.06	0.02	0.16	2.66	(2.41)	4.37	(4.80)	10.76
VTLE	2.64	(0.20)	0.00	(0.05)	0.00	0.00	5.41	(6.77)	17.63
CRK	2.52	0.36	0.14	0.30	2.54	(2.73)	6.81	(4.09)	14.25

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