Apogee Enterprises Correlations

APOG Stock

USD 39.31 0.43 1.11%

The current 90-days correlation between Apogee Enterprises and Quanex Building Products is 0.55 (i.e., Very weak diversification). The correlation of Apogee Enterprises 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.

Apogee Enterprises Correlation With Market

Very weak diversification

The correlation between Apogee Enterprises and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Apogee Enterprises and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Apogee Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Apogee Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

For more detail on how to invest in Apogee Stock please use our How to Invest in Apogee Enterprises guide.

Moving together with Apogee Stock

0.73	FBIN	Fortune Brands Innov	Pair Corr
0.66	MAS	Masco Sell-off Trend	Pair Corr
0.81	JELD	Jeld Wen Holding	Pair Corr
0.78	AIRJW	Montana Technologies	Pair Corr
0.82	AEHL	Antelope Enterprise	Pair Corr
0.74	AIRJ	Montana Technologies	Pair Corr
0.81	STAI	ScanTech AI Systems	Pair Corr
0.84	BLDR	Builders FirstSource	Pair Corr
0.75	CSTE	Caesarstone	Pair Corr
0.7	G	Genpact Limited	Pair Corr

Moving against Apogee Stock

0.82	CSL	Carlisle Companies	Pair Corr
0.78	TT	Trane Technologies plc Sell-off Trend	Pair Corr
0.77	AAON	AAON Inc	Pair Corr
0.73	JCI	Johnson Controls Int	Pair Corr
0.67	AZEK	Azek Company	Pair Corr
0.66	SPXC	SPX Corp	Pair Corr
0.57	AWI	Armstrong World Indu	Pair Corr
0.54	ARLO	Arlo Technologies	Pair Corr
0.35	GMS	GMS Inc	Pair Corr
0.35	WMS	Advanced Drainage Systems	Pair Corr
0.8	DY	Dycom Industries	Pair Corr
0.77	BV	BrightView Holdings	Pair Corr
0.77	CW	Curtiss Wright	Pair Corr
0.74	AZ	A2Z Smart Technologies	Pair Corr
0.74	BA	Boeing	Pair Corr
0.71	FA	First Advantage Corp	Pair Corr
0.67	AL	Air Lease	Pair Corr
0.65	GE	GE Aerospace	Pair Corr

Related Correlations Analysis

	NX	JBI	TILE	PGTI	AZEK	BECN	AWI	ROCK	JELD
NX		0.61	0.33	0.0	-0.37	-0.02	0.21	0.87	0.44	NX
JBI	0.61		0.66	0.0	0.04	0.61	0.79	0.84	-0.32	JBI
TILE	0.33	0.66		0.0	0.54	0.57	0.77	0.46	-0.49	TILE
PGTI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	PGTI
AZEK	-0.37	0.04	0.54	0.0		0.52	0.55	-0.29	-0.63	AZEK
BECN	-0.02	0.61	0.57	0.0	0.52		0.79	0.26	-0.56	BECN
AWI	0.21	0.79	0.77	0.0	0.55	0.79		0.51	-0.66	AWI
ROCK	0.87	0.84	0.46	0.0	-0.29	0.26	0.51		0.13	ROCK
JELD	0.44	-0.32	-0.49	0.0	-0.63	-0.56	-0.66	0.13		JELD
	NX	JBI	TILE	PGTI	AZEK	BECN	AWI	ROCK	JELD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

ROCK	+ 0.87	NX
ROCK	+ 0.84	JBI
AWI	+ 0.79	JBI
AWI	+ 0.79	BECN
AWI	+ 0.77	TILE
TILE	+ 0.66	JBI

High negative correlations

JELD	- 0.66	AWI
JELD	- 0.63	AZEK
JELD	- 0.56	BECN
JELD	- 0.49	TILE
AZEK	- 0.37	NX
JELD	- 0.32	JBI

Risk-Adjusted Indicators

There is a big difference between Apogee Stock performing well and Apogee Enterprises 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 Apogee Enterprises' 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
NX	2.94	0.04	0.01	0.02	3.67	(3.38)	9.11	(4.92)	18.06
JBI	2.14	0.05	0.02	0.07	2.67	(2.41)	4.60	(4.83)	15.04
TILE	1.52	0.14	0.07	0.13	1.97	(1.71)	3.04	(3.05)	13.44
PGTI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
AZEK	1.88	0.26	0.13	0.23	1.85	(2.47)	2.87	(3.33)	21.39
BECN	0.67	0.00	0.12	0.00	0.64	(0.76)	1.62	(1.24)	7.66
AWI	1.40	0.04	0.02	0.04	1.87	(1.50)	3.24	(3.27)	10.45
ROCK	1.98	(0.10)	0.00	(0.09)	0.00	0.00	4.48	(3.91)	14.93
JELD	3.15	(0.46)	0.00	(0.48)	0.00	0.00	6.61	(7.09)	31.27

Apogee Enterprises Corporate Executives

Elected by the shareholders, the Apogee Enterprises' board of directors comprises two types of representatives: Apogee Enterprises inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Apogee. The board's role is to monitor Apogee Enterprises' management team and ensure that shareholders' interests are well served. Apogee Enterprises' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Apogee Enterprises' outside directors are responsible for providing unbiased perspectives on the board's policies.

Matthew Osberg

Executive CFO

Profile

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

2025 Macroaxis LLC