Aecom Technology Correlations

ACM Stock

USD 129.43 0.09 0.07%

The current 90-days correlation between Aecom Technology and Quanta Services is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aecom Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aecom Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aecom Technology Correlation With Market

Weak diversification

The correlation between Aecom Technology and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aecom Technology and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Aecom Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aecom Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts.

To learn how to invest in Aecom Stock, please use our How to Invest in Aecom Technology guide.

Moving together with Aecom Stock

0.75	BBU	Brookfield Business	Pair Corr
0.66	FIX	Comfort Systems USA	Pair Corr
0.71	GVA	Granite Construction	Pair Corr
0.82	TPC	Tutor Perini	Pair Corr
0.77	VMI	Valmont Industries	Pair Corr
0.88	GLDD	Great Lakes Dredge	Pair Corr
0.71	PGINVIT-IV	POWERGRID Infrastructure	Pair Corr
0.67	600496	Changjiang Jinggong Steel	Pair Corr
0.88	NWPX	Northwest Pipe	Pair Corr
0.79	PRIM	Primoris Services	Pair Corr
0.82	ROAD	Construction Partners	Pair Corr
0.91	AMRC	Ameresco	Pair Corr
0.72	STRL	Sterling Construction	Pair Corr
0.66	AXISCADES	AXISCADES Technologies	Pair Corr
0.64	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.69	EC	Ecopetrol SA ADR	Pair Corr
0.73	PTAIY	Astra International Tbk	Pair Corr
0.84	23291KAJ4	DH EUROPE FINANCE	Pair Corr

Moving against Aecom Stock

0.69	FLR	Fluor	Pair Corr
0.63	PNCINFRA	PNC Infratech Limited	Pair Corr
0.59	DRT	DIRTT Environmental	Pair Corr
0.4	300597	Jilin Jlu Communication	Pair Corr
0.37	SOL	Emeren Group	Pair Corr
0.79	PIFMY	Indofood Sukses Makmur	Pair Corr
0.57	PTAIF	PT Astra International	Pair Corr
0.46	KEP	Korea Electric Power	Pair Corr

Related Correlations Analysis

	PWR	KBR	FLR	TTEK	MTRX	MYRG	EME	STN	FIX	J
PWR		-0.61	0.43	-0.21	-0.2	0.86	0.37	0.19	0.28	0.25	PWR
KBR	-0.61		-0.75	0.02	0.26	-0.48	0.3	-0.35	0.31	0.44	KBR
FLR	0.43	-0.75		0.53	0.28	0.36	-0.43	0.43	-0.56	-0.52	FLR
TTEK	-0.21	0.02	0.53		0.65	-0.22	-0.38	0.46	-0.54	-0.35	TTEK
MTRX	-0.2	0.26	0.28	0.65		0.03	-0.15	-0.1	-0.38	-0.18	MTRX
MYRG	0.86	-0.48	0.36	-0.22	0.03		0.29	0.02	0.19	0.19	MYRG
EME	0.37	0.3	-0.43	-0.38	-0.15	0.29		-0.34	0.94	0.84	EME
STN	0.19	-0.35	0.43	0.46	-0.1	0.02	-0.34		-0.4	-0.35	STN
FIX	0.28	0.31	-0.56	-0.54	-0.38	0.19	0.94	-0.4		0.86	FIX
J	0.25	0.44	-0.52	-0.35	-0.18	0.19	0.84	-0.35	0.86		J
	PWR	KBR	FLR	TTEK	MTRX	MYRG	EME	STN	FIX	J

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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	+ 0.94	EME
MYRG	+ 0.86	PWR
J	+ 0.86	FIX
J	+ 0.84	EME
MTRX	+ 0.65	TTEK
TTEK	+ 0.53	FLR

High negative correlations

FLR	- 0.75	KBR
KBR	- 0.61	PWR
FIX	- 0.56	FLR
FIX	- 0.54	TTEK
J	- 0.52	FLR
MYRG	- 0.48	KBR

Risk-Adjusted Indicators

There is a big difference between Aecom Stock performing well and Aecom Technology 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 Aecom Technology'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
PWR	1.19	0.10	0.06	0.24	1.14	(1.41)	3.42	(2.14)	6.52
KBR	1.13	0.01	(0.05)	0.02	1.43	(1.25)	2.95	(2.15)	8.56
FLR	2.03	(0.34)	0.00	(0.12)	0.00	0.00	4.30	(3.27)	30.00
TTEK	1.03	(0.16)	0.00	(0.11)	0.00	0.00	1.84	(2.32)	5.77
MTRX	1.99	(0.24)	0.00	(0.04)	0.00	0.00	3.68	(3.88)	19.34
MYRG	1.68	0.03	0.01	0.09	1.86	(1.84)	3.98	(3.02)	8.74
EME	1.22	0.25	0.19	0.33	1.04	(1.41)	2.63	(2.09)	12.53
STN	0.91	(0.04)	(0.04)	0.01	1.29	(0.88)	1.99	(1.57)	7.30
FIX	1.92	0.60	0.39	0.69	1.05	(2.46)	3.76	(2.35)	26.02
J	0.91	0.17	0.17	0.22	0.83	(1.00)	1.75	(1.70)	6.30

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