Everus Construction Correlations

ECG Stock

93.89 6.39 7.30%

The current 90-days correlation between Everus Construction and Granite Construction Incorporated is 0.3 (i.e., Weak diversification). The correlation of Everus Construction 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.

Everus Construction Correlation With Market

Good diversification

The correlation between Everus Construction Group and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everus Construction Group and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Everus Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Everus Construction Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving together with Everus Stock

0.7	DY	Dycom Industries	Pair Corr
0.88	AGX	Argan Inc	Pair Corr
0.64	JFB	JFB Construction Holdings	Pair Corr
0.73	TPC	Tutor Perini	Pair Corr
0.88	VMI	Valmont Industries	Pair Corr
0.82	IESC	IES Holdings Upward Rally	Pair Corr
0.73	601512	China Singapore Suzhou	Pair Corr
0.71	PGINVIT-IV	POWERGRID Infrastructure	Pair Corr
0.76	CCCL	Consolidated Construction Earnings Call This Week	Pair Corr
0.64	600545	Saurer Intelligent	Pair Corr
0.75	600496	Changjiang Jinggong Steel	Pair Corr
0.65	002062	Hongrun Construction	Pair Corr
0.76	603843	Zhengping RoadBridge	Pair Corr

Moving against Everus Stock

0.8	FGL	Founder Group Limited	Pair Corr
0.73	LMB	Limbach Holdings	Pair Corr
0.67	600326	Tibet Tianlu	Pair Corr
0.66	300597	Jilin Jlu Communication	Pair Corr
0.64	603176	Huitong Construction	Pair Corr
0.61	WSC	Willscot Mobile Mini Earnings Call This Week	Pair Corr
0.84	MANINFRA	Man Infraconstruction	Pair Corr
0.83	PNCINFRA	PNC Infratech Limited	Pair Corr
0.72	KNRCON	KNR Constructions	Pair Corr
0.62	300732	Henan Provincial Com	Pair Corr
0.39	601186	China Railway Constr Earnings Call This Week	Pair Corr
0.32	BBCP	Concrete Pumping Holdings	Pair Corr

Related Correlations Analysis

	GVA	AGX	LSTR	BCO	ENS	RAL	KEX	SPR	MDU	ACA
GVA		0.07	-0.32	0.89	0.45	-0.38	-0.47	0.09	-0.15	0.8	GVA
AGX	0.07		-0.4	0.27	0.77	0.18	-0.45	-0.6	0.83	-0.26	AGX
LSTR	-0.32	-0.4		-0.35	-0.39	-0.04	0.54	0.42	-0.21	0.03	LSTR
BCO	0.89	0.27	-0.35		0.65	-0.35	-0.6	-0.05	0.07	0.64	BCO
ENS	0.45	0.77	-0.39	0.65		-0.26	-0.77	-0.52	0.71	0.17	ENS
RAL	-0.38	0.18	-0.04	-0.35	-0.26		0.52	0.07	0.05	-0.32	RAL
KEX	-0.47	-0.45	0.54	-0.6	-0.77	0.52		0.55	-0.4	-0.14	KEX
SPR	0.09	-0.6	0.42	-0.05	-0.52	0.07	0.55		-0.54	0.42	SPR
MDU	-0.15	0.83	-0.21	0.07	0.71	0.05	-0.4	-0.54		-0.36	MDU
ACA	0.8	-0.26	0.03	0.64	0.17	-0.32	-0.14	0.42	-0.36		ACA
	GVA	AGX	LSTR	BCO	ENS	RAL	KEX	SPR	MDU	ACA

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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

BCO	+ 0.89	GVA
MDU	+ 0.83	AGX
ACA	+ 0.8	GVA
ENS	+ 0.77	AGX
MDU	+ 0.71	ENS
ENS	+ 0.65	BCO

High negative correlations

KEX	- 0.77	ENS
KEX	- 0.6	BCO
SPR	- 0.6	AGX
MDU	- 0.54	SPR
SPR	- 0.52	ENS
KEX	- 0.47	GVA

Risk-Adjusted Indicators

There is a big difference between Everus Stock performing well and Everus 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 Everus 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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GVA	1.09	0.14	0.07	1.36	0.96	(1.25)	2.34	(1.95)	10.34
AGX	3.10	0.36	0.06	(0.64)	4.07	(3.12)	6.65	(5.16)	20.21
LSTR	1.57	(0.08)	0.00	0.21	0.00	0.00	3.23	(3.29)	9.58
BCO	1.30	0.42	0.25	(0.98)	0.91	(1.55)	2.86	(1.97)	15.36
ENS	1.36	0.29	0.22	0.25	1.16	(1.64)	3.36	(2.46)	8.55
RAL	1.57	(0.27)	0.00	(0.10)	0.00	0.00	2.62	(3.27)	9.31
KEX	1.64	(0.62)	0.00	(0.25)	0.00	0.00	2.57	(2.54)	20.68
SPR	1.07	(0.15)	0.00	(0.08)	0.00	0.00	2.51	(2.07)	7.51
MDU	1.07	0.21	0.12	0.31	1.35	(1.19)	2.46	(1.55)	9.29
ACA	1.40	(0.03)	0.02	0.06	1.35	(1.77)	3.56	(2.56)	15.83

Everus Construction Corporate Executives

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

	Maximillian Marcy	CFO VP	Profile
	Thomas Nosbusch	Executive COO	Profile

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