NV5 Global Correlations

NVEE Stock

USD 22.54 0.13 0.58%

The current 90-days correlation between NV5 Global and Construction Partners is 0.37 (i.e., Weak diversification). The correlation of NV5 Global 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.

NV5 Global Correlation With Market

Very weak diversification

The correlation between NV5 Global and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NV5 Global and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with NV5 Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NV5 Global. 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.

For information on how to trade NV5 Stock refer to our How to Trade NV5 Stock guide.

Moving together with NV5 Stock

0.87	J	Jacobs Solutions	Pair Corr
0.88	DY	Dycom Industries	Pair Corr
0.75	ESOA	Energy Services	Pair Corr
0.8	ACA	Arcosa Inc	Pair Corr
0.87	ACM	Aecom Technology	Pair Corr
0.82	AGX	Argan Inc	Pair Corr
0.88	APG	Api Group Corp Sell-off Trend	Pair Corr
0.87	EME	EMCOR Group	Pair Corr
0.83	FIX	Comfort Systems USA	Pair Corr
0.83	FLR	Fluor	Pair Corr
0.85	GVA	Granite Construction	Pair Corr
0.83	LMB	Limbach Holdings	Pair Corr
0.64	MSW	Ming Shing Group	Pair Corr
0.87	MTZ	MasTec Inc	Pair Corr
0.82	ORN	Orion Group Holdings	Pair Corr
0.82	PWR	Quanta Services	Pair Corr
0.86	STN	Stantec	Pair Corr
0.66	TIC	Acuren	Pair Corr
0.91	TPC	Tutor Perini	Pair Corr
0.88	GLDD	Great Lakes Dredge	Pair Corr
0.87	ZDAI	Primega Group Holdings Symbol Change	Pair Corr
0.8	IESC	IES Holdings	Pair Corr
0.68	MTRX	Matrix Service	Pair Corr
0.87	MYRG	MYR Group	Pair Corr
0.89	PRIM	Primoris Services	Pair Corr
0.83	ROAD	Construction Partners	Pair Corr
0.74	AGFY	Agrify Corp	Pair Corr
0.94	AMRC	Ameresco	Pair Corr
0.85	SLND	Southland Holdings	Pair Corr
0.77	STRL	Sterling Construction	Pair Corr

Moving against NV5 Stock

0.81	FGL	Founder Group Limited	Pair Corr
0.6	SKK	PROSHARES ULTRASHORT	Pair Corr
0.65	G	Genpact Limited	Pair Corr
0.44	SKBL	Skyline Builders	Pair Corr

Related Correlations Analysis

	EME	FIX	PRIM	GVA	ROAD	MYRG	GLDD	KBR	MTRX	BLD
EME		0.97	0.98	0.96	0.96	0.97	0.97	0.47	0.64	0.1	EME
FIX	0.97		0.93	0.98	0.98	0.95	0.97	0.49	0.61	0.01	FIX
PRIM	0.98	0.93		0.91	0.92	0.97	0.95	0.49	0.7	0.16	PRIM
GVA	0.96	0.98	0.91		0.98	0.92	0.96	0.44	0.56	-0.01	GVA
ROAD	0.96	0.98	0.92	0.98		0.95	0.98	0.47	0.56	-0.04	ROAD
MYRG	0.97	0.95	0.97	0.92	0.95		0.96	0.5	0.68	0.11	MYRG
GLDD	0.97	0.97	0.95	0.96	0.98	0.96		0.45	0.65	0.09	GLDD
KBR	0.47	0.49	0.49	0.44	0.47	0.5	0.45		0.5	0.03	KBR
MTRX	0.64	0.61	0.7	0.56	0.56	0.68	0.65	0.5		0.43	MTRX
BLD	0.1	0.01	0.16	-0.01	-0.04	0.11	0.09	0.03	0.43		BLD
	EME	FIX	PRIM	GVA	ROAD	MYRG	GLDD	KBR	MTRX	BLD

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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

PRIM	+ 0.98	EME
GVA	+ 0.98	FIX
ROAD	+ 0.98	FIX
ROAD	+ 0.98	GVA
GLDD	+ 0.98	ROAD
FIX	+ 0.97	EME

High negative correlations

BLD	- 0.04	ROAD
BLD	- 0.01	GVA

Risk-Adjusted Indicators

There is a big difference between NV5 Stock performing well and NV5 Global 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 NV5 Global'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
EME	1.89	0.35	0.12	5.98	2.33	(2.03)	4.28	(4.04)	14.62
FIX	2.42	0.53	0.17	0.37	2.70	(2.59)	5.64	(5.43)	19.95
PRIM	2.17	0.28	0.08	2.09	2.75	(2.27)	4.02	(5.66)	15.38
GVA	1.29	0.25	0.17	0.35	1.24	(1.57)	2.45	(2.66)	10.58
ROAD	2.48	0.54	0.20	0.42	2.52	(2.93)	5.16	(5.13)	18.92
MYRG	2.14	0.53	0.17	(42.38)	2.31	(2.28)	5.08	(4.42)	22.58
GLDD	1.92	0.40	0.19	0.41	1.90	(2.21)	4.02	(2.95)	12.58
KBR	1.60	(0.09)	0.00	(0.04)	0.00	0.00	3.39	(4.61)	15.34
MTRX	2.51	0.03	0.01	0.06	3.81	(2.28)	4.61	(6.24)	20.28
BLD	2.25	0.13	0.03	(1.40)	2.79	(2.32)	5.70	(4.12)	14.75

NV5 Global Corporate Management

Todd George	Chief West	Profile
Carl PE	Chief Officer	Profile
Alexander PE	Chief Infrastructure	Profile
Edward Codispoti	Chief Officer	Profile
Ben Heraud	CoChief Officer	Profile

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