Costain Group Correlations

COST Stock

156.40 2.00 1.30%

The current 90-days correlation between Costain Group PLC and Walmart is -0.01 (i.e., Good diversification). The correlation of Costain Group 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. If the correlation is 0, the equities are not correlated; they are entirely random.

The ability to find closely correlated positions to Costain Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costain Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Costain Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Costain Group PLC to buy it.

Moving together with Costain Stock

0.76	0M69	OTP Bank Nyrt	Pair Corr
0.66	0IL0	Fannie Mae	Pair Corr
0.94	0QYP	Microsoft	Pair Corr
0.75	0IKZ	Freddie Mac	Pair Corr
0.91	EEE	Empire Metals Limited	Pair Corr
0.65	HSX	Hiscox	Pair Corr
0.68	ITX	Itaconix plc	Pair Corr
0.89	SMSD	Samsung Electronics	Pair Corr
0.71	S247	Smarttech247 Group PLC	Pair Corr
0.91	INSE	Inspired Plc	Pair Corr
0.81	0O2B	Gruppo MutuiOnline SpA	Pair Corr
0.8	JDG	Judges Scientific Plc	Pair Corr
0.76	0I9F	Digital Realty Trust Earnings Call This Week	Pair Corr

Moving against Costain Stock

0.58	TYT	Toyota Motor Corp	Pair Corr
0.31	0R15	SoftBank Group Corp	Pair Corr

Related Correlations Analysis

	0R1W	0R1O	0VSO	0P6N	0P6O	0H3Q	CPG	0R08	0R1G	0J6X
0R1W		0.78	0.79	-0.26	-0.24	0.67	-0.38	0.77	1.0	-0.31	0R1W
0R1O	0.78		0.64	0.2	0.23	0.83	-0.03	0.8	0.79	-0.11	0R1O
0VSO	0.79	0.64		-0.31	-0.31	0.55	-0.39	0.76	0.79	-0.36	0VSO
0P6N	-0.26	0.2	-0.31		0.99	0.28	0.51	0.06	-0.26	0.5	0P6N
0P6O	-0.24	0.23	-0.31	0.99		0.34	0.55	0.07	-0.23	0.52	0P6O
0H3Q	0.67	0.83	0.55	0.28	0.34		0.21	0.68	0.67	0.07	0H3Q
CPG	-0.38	-0.03	-0.39	0.51	0.55	0.21		-0.17	-0.38	0.53	CPG
0R08	0.77	0.8	0.76	0.06	0.07	0.68	-0.17		0.78	-0.14	0R08
0R1G	1.0	0.79	0.79	-0.26	-0.23	0.67	-0.38	0.78		-0.29	0R1G
0J6X	-0.31	-0.11	-0.36	0.5	0.52	0.07	0.53	-0.14	-0.29		0J6X
	0R1W	0R1O	0VSO	0P6N	0P6O	0H3Q	CPG	0R08	0R1G	0J6X

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

0R1G	+ 1.0	0R1W
0P6O	+ 0.99	0P6N
0H3Q	+ 0.83	0R1O
0R08	+ 0.8	0R1O
0VSO	+ 0.79	0R1W
0R1G	+ 0.79	0R1O

High negative correlations

CPG	- 0.39	0VSO
0R1G	- 0.38	CPG
CPG	- 0.38	0R1W
0J6X	- 0.36	0VSO
0P6O	- 0.31	0VSO
0P6N	- 0.31	0VSO

Risk-Adjusted Indicators

There is a big difference between Costain Stock performing well and Costain Group 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 Costain Group'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
0R1W	2.04	0.94	0.77	29.07	0.00	(4.89)	1.35	(1.47)	68.33
0R1O	1.19	0.30	0.15	0.91	1.01	(1.37)	3.14	(2.08)	11.24
0VSO	10.94	4.46	0.00	2.39	0.00	0.00	2.30	0.00	275.44
0P6N	1.49	0.14	0.01	1.13	1.72	(1.65)	3.16	(2.38)	14.49
0P6O	1.43	0.14	0.02	0.98	1.39	(1.91)	3.56	(2.33)	11.79
0H3Q	1.03	0.20	0.07	1.04	0.98	(1.16)	2.90	(1.82)	10.70
CPG	0.83	0.02	(0.15)	(0.02)	0.87	(1.15)	2.00	(1.53)	5.74
0R08	1.09	0.07	(0.05)	(3.77)	1.18	(1.40)	2.66	(2.02)	8.34
0R1G	3.25	1.54	1.16	8.85	0.00	(8.17)	1.88	(1.60)	108.59
0J6X	1.87	0.07	(0.02)	(0.53)	3.29	(1.77)	3.57	(3.46)	18.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in Costain Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Sectors Now

Sectors

List of equity sectors categorizing publicly traded companies based on their primary business activities

All Next

Launch Module

Costain Group Corporate Management

Elected by the shareholders, the Costain Group's board of directors comprises two types of representatives: Costain Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Costain. The board's role is to monitor Costain Group's management team and ensure that shareholders' interests are well served. Costain Group'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, Costain Group's outside directors are responsible for providing unbiased perspectives on the board's policies.

Bryony Livesey	Head Consultancy	Profile
Nicole LLB	Company Counsel	Profile
Catherine BSc	Chief Board	Profile
ACIOB FIOD	Group Transportation	Profile
Paul Morris	Group Board	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