Jacobs Solutions Correlations

J Stock

USD 148.16 1.18 0.80%

The current 90-days correlation between Jacobs Solutions and KBR Inc is 0.53 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jacobs Solutions moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jacobs Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jacobs Solutions Correlation With Market

Poor diversification

The correlation between Jacobs Solutions and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jacobs Solutions and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Jacobs Stock

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

For more information on how to buy Jacobs Stock please use our How to buy in Jacobs Stock guide.

Moving together with Jacobs Stock

0.85	DY	Dycom Industries	Pair Corr
0.79	ACM	Aecom Technology	Pair Corr
0.64	AGX	Argan Inc	Pair Corr
0.85	APG	Api Group Corp	Pair Corr
0.92	ECG	Everus Construction Earnings Call This Week	Pair Corr
0.95	EME	EMCOR Group	Pair Corr
0.9	FIX	Comfort Systems USA	Pair Corr
0.86	GVA	Granite Construction	Pair Corr
0.93	MTZ	MasTec Inc	Pair Corr
0.88	PWR	Quanta Services	Pair Corr
0.75	STN	Stantec Earnings Call This Week	Pair Corr
0.85	TPC	Tutor Perini	Pair Corr
0.94	IESC	IES Holdings	Pair Corr
0.88	MTRX	Matrix Service	Pair Corr
0.88	MYRG	MYR Group	Pair Corr
0.69	PHOE	Phoenix Asia Holdings	Pair Corr
0.95	PRIM	Primoris Services	Pair Corr
0.88	AMRC	Ameresco	Pair Corr
0.69	SHIM	Shimmick Common Earnings Call This Week	Pair Corr
0.78	SLND	Southland Holdings	Pair Corr

Moving against Jacobs Stock

0.69	KBR	KBR Inc	Pair Corr
0.59	WLGS	Wang Lee Group,	Pair Corr
0.4	VATE	Innovate Corp	Pair Corr
0.72	MSW	Ming Shing Group	Pair Corr
0.65	SKK	PROSHARES ULTRASHORT	Pair Corr
0.44	ZDAI	Primega Group Holdings Symbol Change	Pair Corr
0.85	SKBL	Skyline Builders	Pair Corr

Related Correlations Analysis

	KBR	TTEK	FLR	BLD	MTZ	EME	FIX	DY	ACM	MTRX
KBR		-0.65	-0.79	-0.73	-0.79	-0.77	-0.63	-0.83	-0.7	-0.71	KBR
TTEK	-0.65		0.71	0.72	0.81	0.74	0.63	0.77	0.73	0.72	TTEK
FLR	-0.79	0.71		0.56	0.76	0.6	0.45	0.72	0.69	0.61	FLR
BLD	-0.73	0.72	0.56		0.88	0.93	0.85	0.79	0.76	0.88	BLD
MTZ	-0.79	0.81	0.76	0.88		0.95	0.89	0.88	0.81	0.9	MTZ
EME	-0.77	0.74	0.6	0.93	0.95		0.96	0.86	0.76	0.91	EME
FIX	-0.63	0.63	0.45	0.85	0.89	0.96		0.82	0.69	0.83	FIX
DY	-0.83	0.77	0.72	0.79	0.88	0.86	0.82		0.87	0.7	DY
ACM	-0.7	0.73	0.69	0.76	0.81	0.76	0.69	0.87		0.59	ACM
MTRX	-0.71	0.72	0.61	0.88	0.9	0.91	0.83	0.7	0.59		MTRX
	KBR	TTEK	FLR	BLD	MTZ	EME	FIX	DY	ACM	MTRX

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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

FIX	+ 0.96	EME
EME	+ 0.95	MTZ
EME	+ 0.93	BLD
MTRX	+ 0.91	EME
MTRX	+ 0.9	MTZ
FIX	+ 0.89	MTZ

High negative correlations

DY	- 0.83	KBR
MTZ	- 0.79	KBR
FLR	- 0.79	KBR
EME	- 0.77	KBR
BLD	- 0.73	KBR
MTRX	- 0.71	KBR

Risk-Adjusted Indicators

There is a big difference between Jacobs Stock performing well and Jacobs Solutions 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 Jacobs Solutions' 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
KBR	1.27	(0.23)	0.00	(0.11)	0.00	0.00	2.68	(2.66)	9.88
TTEK	1.04	0.23	0.18	0.50	0.70	(1.29)	2.20	(1.56)	15.32
FLR	2.44	0.17	0.05	0.21	4.74	(2.71)	6.09	(2.91)	38.00
BLD	1.92	0.40	0.22	0.35	1.71	(2.12)	5.70	(3.40)	10.78
MTZ	1.22	0.22	0.12	0.31	1.73	(1.38)	2.82	(2.17)	12.90
EME	1.17	0.44	0.37	0.56	0.68	(1.48)	3.30	(1.78)	11.57
FIX	1.63	0.63	0.44	0.67	0.72	(1.95)	3.67	(2.35)	23.51
DY	1.10	0.67	0.51	(3.00)	0.25	(1.42)	2.65	(1.58)	17.82
ACM	0.82	0.25	0.14	(1.89)	0.57	(0.90)	1.81	(1.39)	6.45
MTRX	1.81	0.16	0.08	0.21	2.44	(1.82)	3.70	(2.97)	20.28

Jacobs Solutions Corporate Management

Robert Davidson	Independent Director	Profile
Vincent Brooks	Independent Director	Profile
Ralph Eberhart	Independent Director	Profile
Joseph Bronson	Independent Director	Profile
William Allen	Senior Vice President Chief Accounting Officer	Profile
Linda Levinson	Lead Independent Director	Profile

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