Sterling Construction Correlations

Stocks . USA . 
Stock . Sterling Construction
STRL Stock  USD 104.96  5.00  4.55%   
The current 90-days correlation between Sterling Construction and Primoris Services is 0.86 (i.e., Very poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sterling Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sterling Construction moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sterling Construction Correlation With Market

Weak diversification

The correlation between Sterling Construction and DJI is 0.34 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Construction and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sterling Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Sterling Stock please use our How to buy in Sterling Stock guide.

Moving together with Sterling Stock

  0.81J Jacobs SolutionsPairCorr
  0.73DY Dycom IndustriesPairCorr
  0.94ESOA Energy ServicesPairCorr
  0.67ACA Arcosa IncPairCorr
  0.89ACM Aecom TechnologyPairCorr
  0.86AGX Argan Inc Earnings Call This WeekPairCorr
  0.88ECG Everus ConstructionPairCorr
  0.95EME EMCOR GroupPairCorr
  0.76FGL Founder Group LimitedPairCorr
  0.94FIX Comfort Systems USAPairCorr
  0.93FLR FluorPairCorr
  0.85GVA Granite ConstructionPairCorr
  0.63MSW Ming Shing GroupPairCorr
  0.91MTZ MasTec IncPairCorr
  0.66ORN Orion Group HoldingsPairCorr
  0.95PWR Quanta ServicesPairCorr
  0.84SKK PROSHARES ULTRASHORTPairCorr
  0.88GLDD Great Lakes DredgePairCorr
  0.89IESC IES HoldingsPairCorr
  0.91MYRG MYR GroupPairCorr
  0.86PGHL Primega Group HoldingsPairCorr
  0.9PRIM Primoris ServicesPairCorr
  0.69RITR Reitar Logtech HoldingsPairCorr
  0.91ROAD Construction PartnersPairCorr
  0.81AMRC AmerescoPairCorr
  0.85SHIM Shimmick CommonPairCorr
  0.75BWMN Bowman ConsultingPairCorr
  0.66CDLR Cadeler ASPairCorr

Moving against Sterling Stock

  0.51JUNE Junee Limited OrdinaryPairCorr
  0.73EH Ehang HoldingsPairCorr
  0.67G Genpact LimitedPairCorr
  0.57DE Deere CompanyPairCorr
  0.37BR Broadridge FinancialPairCorr
  0.35AZ A2Z Smart TechnologiesPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Sterling Stock performing well and Sterling Construction 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 Sterling Construction'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EME  2.47 (0.18) 0.00 (0.31) 0.00 
 0.00 
 4.18 
(4.78)
 24.49 
FIX  3.21 (0.18) 0.00 (0.27) 0.00 
 0.00 
 5.49 
(7.36)
 31.92 
PRIM  2.70 (0.30) 0.00 (0.41) 0.00 
 0.00 
 4.65 
(5.99)
 25.02 
GVA  1.52 (0.15) 0.00 (0.33) 0.00 
 0.00 
 2.25 
(3.86)
 8.39 
ROAD  2.56 (0.16) 0.00 (0.30) 0.00 
 0.00 
 4.89 
(5.84)
 16.21 
MYRG  2.68 (0.28) 0.00 (0.40) 0.00 
 0.00 
 4.97 
(5.85)
 16.92 
TPC  2.92  0.22  0.00 (0.06) 0.00 
 0.00 
 3.85 
(5.73)
 42.81 
MTRX  2.68  0.08  0.00 (0.12) 0.00 
 0.00 
 4.96 
(6.77)
 18.13 
APG  1.52  0.04  0.00 (0.13) 0.00 
 0.00 
 3.39 
(3.27)
 14.43 
GLDD  2.51 (0.25) 0.00 (0.36) 0.00 
 0.00 
 3.70 
(5.61)
 22.28 

Sterling Construction Corporate Executives

Elected by the shareholders, the Sterling Construction's board of directors comprises two types of representatives: Sterling Construction inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sterling. The board's role is to monitor Sterling Construction's management team and ensure that shareholders' interests are well served. Sterling Construction'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, Sterling Construction's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sharon VillaverdeCFO OfficerProfile
Ronald BallschmiedeCFO and Executive VPProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY