EMCOR Correlations

EME Stock

USD 568.98 10.00 1.79%

The current 90-days correlation between EMCOR Group and Api Group Corp is 0.63 (i.e., Poor diversification). The correlation of EMCOR 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.

EMCOR Correlation With Market

Poor diversification

The correlation between EMCOR Group and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EMCOR Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with EMCOR Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCOR 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 population.

Moving together with EMCOR Stock

0.95	J	Jacobs Solutions	Pair Corr
0.92	DY	Dycom Industries	Pair Corr
0.96	WLDN	Willdan Group Earnings Call This Week	Pair Corr
0.82	ACA	Arcosa Inc Earnings Call This Week	Pair Corr
0.93	ACM	Aecom Technology	Pair Corr
0.79	AGX	Argan Inc	Pair Corr
0.95	APG	Api Group Corp Earnings Call This Week	Pair Corr
0.94	ECG	Everus Construction	Pair Corr
0.97	FIX	Comfort Systems USA Earnings Call Today	Pair Corr
0.91	FLR	Fluor	Pair Corr
0.95	GVA	Granite Construction Earnings Call This Week	Pair Corr
0.87	LMB	Limbach Holdings	Pair Corr
0.94	MTZ	MasTec Inc Earnings Call This Week	Pair Corr
0.82	ORN	Orion Group Holdings Potential Growth	Pair Corr
0.97	PWR	Quanta Services Earnings Call This Week	Pair Corr
0.89	TIC	Acuren	Pair Corr
0.95	TPC	Tutor Perini Earnings Call This Week	Pair Corr
0.78	GLDD	Great Lakes Dredge	Pair Corr
0.97	IESC	IES Holdings	Pair Corr
0.91	MTRX	Matrix Service	Pair Corr
0.96	MYRG	MYR Group Earnings Call This Week	Pair Corr
0.87	NVEE	NV5 Global	Pair Corr
0.98	PRIM	Primoris Services	Pair Corr
0.86	ROAD	Construction Partners	Pair Corr
0.94	AMRC	Ameresco	Pair Corr
0.73	SHIM	Shimmick Common	Pair Corr
0.96	SLND	Southland Holdings	Pair Corr

Moving against EMCOR Stock

0.81	FGL	Founder Group Limited	Pair Corr
0.66	EXPO	Exponent Earnings Call Today	Pair Corr
0.65	WLGS	Wang Lee Group,	Pair Corr
0.57	VATE	Innovate Corp	Pair Corr
0.66	SKK	PROSHARES ULTRASHORT	Pair Corr
0.67	SKBL	Skyline Builders	Pair Corr

Related Correlations Analysis

	MYRG	BLD	APG	DY	FIX	PRIM	GVA	ROAD	MTRX	MTZ
MYRG		0.69	0.97	0.91	0.97	0.96	0.93	0.91	0.89	0.98	MYRG
BLD	0.69		0.64	0.62	0.68	0.8	0.66	0.46	0.77	0.63	BLD
APG	0.97	0.64		0.95	0.99	0.95	0.96	0.95	0.86	0.99	APG
DY	0.91	0.62	0.95		0.96	0.89	0.97	0.92	0.76	0.93	DY
FIX	0.97	0.68	0.99	0.96		0.96	0.98	0.94	0.87	0.99	FIX
PRIM	0.96	0.8	0.95	0.89	0.96		0.93	0.87	0.91	0.95	PRIM
GVA	0.93	0.66	0.96	0.97	0.98	0.93		0.93	0.82	0.95	GVA
ROAD	0.91	0.46	0.95	0.92	0.94	0.87	0.93		0.74	0.96	ROAD
MTRX	0.89	0.77	0.86	0.76	0.87	0.91	0.82	0.74		0.87	MTRX
MTZ	0.98	0.63	0.99	0.93	0.99	0.95	0.95	0.96	0.87		MTZ
	MYRG	BLD	APG	DY	FIX	PRIM	GVA	ROAD	MTRX	MTZ

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Risk-Adjusted Indicators

There is a big difference between EMCOR Stock performing well and EMCOR 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 EMCOR'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
MYRG	1.64	0.77	0.42	2.91	0.79	(2.06)	3.33	(2.33)	22.62
BLD	1.93	0.35	0.08	(34.04)	2.01	(2.01)	5.70	(3.40)	10.78
APG	1.13	0.48	0.39	0.74	0.22	(1.34)	3.63	(0.98)	9.38
DY	1.23	0.77	0.58	12.81	0.00	(1.59)	3.29	(1.58)	17.82
FIX	1.61	0.42	0.25	0.47	1.33	(1.84)	4.51	(2.60)	8.48
PRIM	1.91	0.44	0.20	0.53	1.84	(2.16)	3.82	(2.94)	14.43
GVA	0.99	0.18	0.14	0.39	0.72	(1.17)	2.26	(1.36)	5.35
ROAD	2.05	0.21	0.11	0.32	2.12	(2.31)	4.65	(4.31)	10.85
MTRX	1.93	0.24	0.12	0.32	2.24	(2.00)	4.05	(3.36)	20.28
MTZ	1.29	0.42	0.28	0.56	1.07	(1.58)	3.64	(2.17)	8.20

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