Gulf Island Correlations

GIFI Stock

USD 11.91 0.01 0.08%

The current 90-days correlation between Gulf Island Fabrication and Espey Mfg Electronics is 0.12 (i.e., Average diversification). The correlation of Gulf Island 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.

Gulf Island Correlation With Market

Significant diversification

The correlation between Gulf Island Fabrication and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gulf Island Fabrication and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Gulf Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gulf Island Fabrication. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Gulf Stock

0.87	TS	Tenaris SA ADR	Pair Corr
0.88	CEU	CES Energy Solutions	Pair Corr
0.87	0NIS	SBM Offshore NV	Pair Corr
0.78	WFRD	Weatherford International	Pair Corr
0.73	FLOC	Flowco Holdings	Pair Corr
0.68	CLB	Core Laboratories	Pair Corr
0.72	FET	Forum Energy Technologies	Pair Corr
0.87	FTI	TechnipFMC PLC	Pair Corr
0.71	HAL	Halliburton	Pair Corr
0.87	NGS	Natural Gas Services	Pair Corr
0.85	NOV	NOV Inc	Pair Corr
0.83	RES	RPC Inc	Pair Corr
0.69	SLB	Schlumberger NV	Pair Corr
0.76	SND	Smart Sand	Pair Corr
0.73	TTI	Tetra Technologies	Pair Corr
0.65	WHD	Cactus Inc	Pair Corr

Moving against Gulf Stock

0.91	MATR	Mattr Corp	Pair Corr
0.63	ESOA	Energy Services	Pair Corr
0.57	SRJ	SRJ Technologies	Pair Corr
0.42	E	Enterprise Group	Pair Corr
0.34	AT	Ashtead Technology	Pair Corr
0.55	LSE	Leishen Energy Holding	Pair Corr
0.87	MCB	Mccoy Global	Pair Corr
0.75	PSD	Pulse Seismic	Pair Corr
0.65	MTRX	Matrix Service	Pair Corr
0.65	NCSM	NCS Multistage Holdings	Pair Corr
0.64	KLXE	KLX Energy Services	Pair Corr
0.41	GEOS	Geospace Technologies	Pair Corr

Related Correlations Analysis

	ESP	MATH	EML	HUHU	TUSK	HURC	SPAI	ULBI	OPTT	SNT
ESP		0.26	0.55	0.18	0.3	-0.06	0.2	0.08	0.13	-0.29	ESP
MATH	0.26		0.74	-0.67	0.73	0.58	0.62	0.49	0.7	0.38	MATH
EML	0.55	0.74		-0.56	0.85	0.6	0.75	0.73	0.69	0.36	EML
HUHU	0.18	-0.67	-0.56		-0.75	-0.8	-0.78	-0.73	-0.77	-0.66	HUHU
TUSK	0.3	0.73	0.85	-0.75		0.65	0.85	0.8	0.82	0.42	TUSK
HURC	-0.06	0.58	0.6	-0.8	0.65		0.8	0.78	0.76	0.83	HURC
SPAI	0.2	0.62	0.75	-0.78	0.85	0.8		0.82	0.88	0.48	SPAI
ULBI	0.08	0.49	0.73	-0.73	0.8	0.78	0.82		0.8	0.6	ULBI
OPTT	0.13	0.7	0.69	-0.77	0.82	0.76	0.88	0.8		0.5	OPTT
SNT	-0.29	0.38	0.36	-0.66	0.42	0.83	0.48	0.6	0.5		SNT
	ESP	MATH	EML	HUHU	TUSK	HURC	SPAI	ULBI	OPTT	SNT

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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

OPTT	+ 0.88	SPAI
TUSK	+ 0.85	EML
SPAI	+ 0.85	TUSK
SNT	+ 0.83	HURC
OPTT	+ 0.82	TUSK
ULBI	+ 0.82	SPAI

High negative correlations

HURC	- 0.8	HUHU
SPAI	- 0.78	HUHU
OPTT	- 0.77	HUHU
TUSK	- 0.75	HUHU
ULBI	- 0.73	HUHU
HUHU	- 0.67	MATH

Risk-Adjusted Indicators

There is a big difference between Gulf Stock performing well and Gulf Island 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 Gulf Island'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
ESP	2.07	(0.16)	0.00	(0.62)	0.00	0.00	4.48	(5.18)	17.91
MATH	3.55	(0.18)	0.00	(2.95)	0.00	0.00	7.61	(7.77)	24.04
EML	1.75	(0.40)	0.00	(0.26)	0.00	0.00	4.46	(3.45)	10.88
HUHU	4.57	0.95	0.11	0.63	7.17	(4.72)	13.65	(10.36)	46.84
TUSK	2.38	(0.49)	0.00	(0.25)	0.00	0.00	3.47	(4.84)	27.95
HURC	1.34	(0.25)	0.00	(0.36)	0.00	0.00	2.82	(3.06)	8.94
SPAI	5.04	(0.92)	0.00	(0.65)	0.00	0.00	8.24	(8.85)	35.17
ULBI	2.40	(0.37)	0.00	(0.13)	0.00	0.00	4.19	(5.87)	17.25
OPTT	4.24	(0.57)	0.00	(0.09)	0.00	0.00	7.69	(8.70)	34.57
SNT	3.11	(0.45)	0.00	(0.76)	0.00	0.00	8.66	(6.04)	32.07

Gulf Island Corporate Executives

Elected by the shareholders, the Gulf Island's board of directors comprises two types of representatives: Gulf Island inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gulf. The board's role is to monitor Gulf Island's management team and ensure that shareholders' interests are well served. Gulf Island's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gulf Island's outside directors are responsible for providing unbiased perspectives on the board's policies.

Westley CPA

CFO, VP

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