Orion Group Correlations

ORN Stock

USD 8.67 0.14 1.59%

The current 90-days correlation between Orion Group Holdings and Construction Partners is 0.62 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orion Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orion Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Orion Group Correlation With Market

Very weak diversification

The correlation between Orion Group Holdings and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orion Group Holdings and DJI in the same portfolio, assuming nothing else is changed.

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Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orion Group Holdings. 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.

Moving together with Orion Stock

0.83	J	Jacobs Solutions Sell-off Trend	Pair Corr
0.93	DY	Dycom Industries	Pair Corr
0.91	ACA	Arcosa Inc	Pair Corr
0.98	ACM	Aecom Technology	Pair Corr
0.93	AGX	Argan Inc	Pair Corr
0.98	APG	Api Group Corp	Pair Corr
0.98	EME	EMCOR Group Sell-off Trend	Pair Corr
0.98	FIX	Comfort Systems USA	Pair Corr
0.75	FLR	Fluor	Pair Corr
0.96	GVA	Granite Construction	Pair Corr
0.64	KBR	KBR Inc	Pair Corr
0.98	LMB	Limbach Holdings	Pair Corr
0.98	MTZ	MasTec Inc	Pair Corr
0.98	PWR	Quanta Services	Pair Corr
0.95	STN	Stantec	Pair Corr
0.92	TPC	Tutor Perini	Pair Corr
0.98	GLDD	Great Lakes Dredge	Pair Corr
0.79	ZDAI	Primega Group Holdings Symbol Change	Pair Corr
0.99	IESC	IES Holdings	Pair Corr
0.97	MYRG	MYR Group	Pair Corr
0.81	NVEE	NV5 Global	Pair Corr
0.96	PRIM	Primoris Services	Pair Corr
0.66	RITR	Reitar Logtech Holdings	Pair Corr
0.98	ROAD	Construction Partners	Pair Corr
0.86	AGFY	Agrify Corp	Pair Corr
0.85	AMRC	Ameresco	Pair Corr
0.95	SLND	Southland Holdings	Pair Corr
0.97	STRL	Sterling Construction	Pair Corr

Moving against Orion Stock

0.76	FGL	Founder Group Limited	Pair Corr
0.48	VATE	Innovate Corp	Pair Corr
0.74	SKK	PROSHARES ULTRASHORT	Pair Corr
0.82	G	Genpact Limited	Pair Corr

Related Correlations Analysis

	MYRG	GVA	ROAD	GLDD	KBR	EME	FIX	PRIM	MTRX	TPC
MYRG		0.92	0.96	0.96	0.67	0.97	0.97	0.97	0.63	0.9	MYRG
GVA	0.92		0.98	0.96	0.57	0.97	0.98	0.91	0.46	0.91	GVA
ROAD	0.96	0.98		0.97	0.6	0.98	0.98	0.94	0.47	0.92	ROAD
GLDD	0.96	0.96	0.97		0.61	0.98	0.97	0.96	0.58	0.97	GLDD
KBR	0.67	0.57	0.6	0.61		0.63	0.62	0.66	0.6	0.49	KBR
EME	0.97	0.97	0.98	0.98	0.63		0.99	0.97	0.59	0.93	EME
FIX	0.97	0.98	0.98	0.97	0.62	0.99		0.95	0.52	0.91	FIX
PRIM	0.97	0.91	0.94	0.96	0.66	0.97	0.95		0.68	0.92	PRIM
MTRX	0.63	0.46	0.47	0.58	0.6	0.59	0.52	0.68		0.54	MTRX
TPC	0.9	0.91	0.92	0.97	0.49	0.93	0.91	0.92	0.54		TPC
	MYRG	GVA	ROAD	GLDD	KBR	EME	FIX	PRIM	MTRX	TPC

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Risk-Adjusted Indicators

There is a big difference between Orion Stock performing well and Orion 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 Orion 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
MYRG	2.12	0.49	0.17	0.40	2.31	(2.27)	5.08	(4.42)	22.58
GVA	1.30	0.29	0.19	0.36	1.23	(1.60)	2.58	(2.66)	10.58
ROAD	2.45	0.53	0.20	0.40	2.48	(2.86)	5.16	(5.13)	18.92
GLDD	1.91	0.41	0.19	0.40	1.97	(2.19)	4.02	(2.95)	12.58
KBR	1.60	(0.06)	0.00	(0.03)	0.00	0.00	3.39	(4.61)	15.03
EME	1.91	0.34	0.13	0.30	2.33	(2.06)	4.28	(4.04)	14.62
FIX	2.49	0.60	0.19	0.39	2.69	(2.73)	5.64	(5.43)	19.95
PRIM	2.15	0.24	0.08	0.23	2.80	(2.23)	4.02	(5.66)	15.38
MTRX	2.55	0.00	0.00	0.03	4.11	(2.32)	4.67	(6.24)	20.28
TPC	2.77	0.84	0.27	0.55	2.61	(3.24)	7.28	(5.73)	28.61

Orion Group Corporate Executives

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

Gordon Thanisch

Executive CFO

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