Geo Correlations

GEO Stock

USD 24.17 0.10 0.42%

The current 90-days correlation between Geo Group and Resideo Technologies is 0.34 (i.e., 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

Very weak diversification

The correlation between Geo Group and DJI is 0.58 (i.e., Very weak 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.

Build AI portfolio with Geo Stock

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

0.75	G	Genpact Limited	Pair Corr
0.67	MG	Mistras Group	Pair Corr
0.62	NL	NL Industries	Pair Corr

Moving against Geo Stock

0.67	WLDN	Willdan Group	Pair Corr
0.65	FA	First Advantage Corp	Pair Corr
0.61	DLHC	DLH Holdings Corp	Pair Corr
0.6	ESGL	ESGL Holdings Limited	Pair Corr
0.58	BV	BrightView Holdings	Pair Corr
0.58	VSEC	VSE Corporation	Pair Corr
0.52	LZ	LegalZoom	Pair Corr
0.51	VRSK	Verisk Analytics	Pair Corr
0.44	DXST	Decent Holding Ordinary	Pair Corr
0.4	EEFT	Euronet Worldwide	Pair Corr
0.39	ADP	Automatic Data Processing	Pair Corr
0.37	VLTO	Veralto	Pair Corr
0.67	KAR	KAR Auction Services	Pair Corr
0.65	III	Information Services	Pair Corr
0.62	BTM	Bitcoin Depot Downward Rally	Pair Corr
0.62	HNI	HNI Corp	Pair Corr
0.61	FTEK	Fuel Tech	Pair Corr
0.57	FVRR	Fiverr International	Pair Corr
0.53	FORR	Forrester Research	Pair Corr
0.49	FOUR	Shift4 Payments	Pair Corr
0.38	CLH	Clean Harbors	Pair Corr

Related Correlations Analysis

	NL	MG	REZI	BRC	BCO	ALLE	CIX	MSA	EVLVW
NL		0.41	-0.37	0.39	0.67	0.12	0.33	-0.22	-0.27	NL
MG	0.41		-0.68	-0.04	0.32	-0.65	-0.52	-0.67	-0.8	MG
REZI	-0.37	-0.68		0.52	-0.21	0.77	0.31	0.88	0.78	REZI
BRC	0.39	-0.04	0.52		0.47	0.6	0.32	0.48	0.2	BRC
BCO	0.67	0.32	-0.21	0.47		0.13	0.34	-0.08	-0.4	BCO
ALLE	0.12	-0.65	0.77	0.6	0.13		0.72	0.85	0.78	ALLE
CIX	0.33	-0.52	0.31	0.32	0.34	0.72		0.54	0.47	CIX
MSA	-0.22	-0.67	0.88	0.48	-0.08	0.85	0.54		0.79	MSA
EVLVW	-0.27	-0.8	0.78	0.2	-0.4	0.78	0.47	0.79		EVLVW
	NL	MG	REZI	BRC	BCO	ALLE	CIX	MSA	EVLVW

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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

MSA	+ 0.88	REZI
MSA	+ 0.85	ALLE
EVLVW	+ 0.79	MSA
EVLVW	+ 0.78	REZI
EVLVW	+ 0.78	ALLE
ALLE	+ 0.77	REZI

High negative correlations

EVLVW	- 0.8	MG
REZI	- 0.68	MG
MSA	- 0.67	MG
ALLE	- 0.65	MG
CIX	- 0.52	MG
EVLVW	- 0.4	BCO

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	2.61	(0.23)	0.00	(0.25)	0.00	0.00	5.72	(5.36)	14.35
MG	1.93	(0.38)	0.00	(0.41)	0.00	0.00	3.07	(4.08)	25.04
REZI	2.11	0.28	0.09	0.22	2.88	(2.28)	5.36	(3.83)	15.90
BRC	1.24	(0.10)	0.00	(0.12)	0.00	0.00	2.64	(3.32)	12.18
BCO	1.48	0.01	0.01	0.03	1.96	(1.56)	3.12	(3.04)	11.92
ALLE	1.24	0.11	0.07	0.15	1.38	(1.34)	2.78	(2.31)	12.63
CIX	2.55	0.19	0.07	0.29	2.73	(3.45)	6.58	(4.76)	30.35
MSA	1.21	0.12	0.07	0.14	1.57	(1.35)	2.64	(2.56)	9.70
EVLVW	8.27	1.45	0.17	0.91	7.36	(11.23)	20.00	(11.76)	67.62

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