Primoris Services Correlations

PRIM Stock

USD 88.49 1.14 1.31%

The current 90-days correlation between Primoris Services and MYR Group is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Primoris Services moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Primoris Services moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Primoris Services Correlation With Market

Very weak diversification

The correlation between Primoris Services and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primoris Services and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with Primoris Stock

0.95	J	Jacobs Solutions	Pair Corr
0.89	DY	Dycom Industries	Pair Corr
0.93	WLDN	Willdan Group	Pair Corr
0.88	ACA	Arcosa Inc	Pair Corr
0.95	ACM	Aecom Technology	Pair Corr
0.81	AGX	Argan Inc	Pair Corr
0.95	APG	Api Group Corp	Pair Corr
0.96	ECG	Everus Construction	Pair Corr
0.98	EME	EMCOR Group Earnings Call This Week	Pair Corr
0.96	FIX	Comfort Systems USA Earnings Call This Week	Pair Corr
0.88	FLR	Fluor	Pair Corr
0.94	GVA	Granite Construction	Pair Corr
0.92	LMB	Limbach Holdings	Pair Corr
0.96	MTZ	MasTec Inc	Pair Corr
0.88	ORN	Orion Group Holdings Earnings Call This Week	Pair Corr
0.97	PWR	Quanta Services	Pair Corr
0.89	TIC	Acuren	Pair Corr
0.95	TPC	Tutor Perini	Pair Corr
0.82	GLDD	Great Lakes Dredge	Pair Corr
0.62	ZDAI	Primega Group Holdings Symbol Change	Pair Corr
0.98	IESC	IES Holdings	Pair Corr
0.91	MTRX	Matrix Service	Pair Corr
0.97	MYRG	MYR Group	Pair Corr
0.88	NVEE	NV5 Global	Pair Corr
0.9	ROAD	Construction Partners	Pair Corr
0.96	AMRC	Ameresco	Pair Corr
0.71	SHIM	Shimmick Common	Pair Corr
0.95	SLND	Southland Holdings	Pair Corr

Moving against Primoris Stock

0.8	FGL	Founder Group Limited	Pair Corr
0.62	EXPO	Exponent Earnings Call This Week	Pair Corr
0.58	WLGS	Wang Lee Group,	Pair Corr
0.52	VATE	Innovate Corp	Pair Corr
0.66	SKK	PROSHARES ULTRASHORT	Pair Corr
0.62	SKBL	Skyline Builders	Pair Corr

Related Correlations Analysis

	MYRG	GVA	MTRX	APG	EME	FIX	ROAD	GLDD	SLND	TPC
MYRG		0.93	0.93	0.98	0.96	0.97	0.93	0.88	0.89	0.93	MYRG
GVA	0.93		0.83	0.96	0.96	0.98	0.94	0.89	0.92	0.96	GVA
MTRX	0.93	0.83		0.88	0.91	0.89	0.79	0.76	0.83	0.84	MTRX
APG	0.98	0.96	0.88		0.95	0.99	0.96	0.92	0.89	0.96	APG
EME	0.96	0.96	0.91	0.95		0.97	0.88	0.81	0.96	0.96	EME
FIX	0.97	0.98	0.89	0.99	0.97		0.95	0.9	0.91	0.96	FIX
ROAD	0.93	0.94	0.79	0.96	0.88	0.95		0.95	0.81	0.92	ROAD
GLDD	0.88	0.89	0.76	0.92	0.81	0.9	0.95		0.74	0.89	GLDD
SLND	0.89	0.92	0.83	0.89	0.96	0.91	0.81	0.74		0.94	SLND
TPC	0.93	0.96	0.84	0.96	0.96	0.96	0.92	0.89	0.94		TPC
	MYRG	GVA	MTRX	APG	EME	FIX	ROAD	GLDD	SLND	TPC

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Risk-Adjusted Indicators

There is a big difference between Primoris Stock performing well and Primoris Services 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 Primoris Services' 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	1.63	0.70	0.45	0.79	0.78	(2.01)	3.33	(2.33)	22.62
GVA	1.00	0.19	0.15	0.37	0.71	(1.21)	2.26	(1.36)	5.35
MTRX	1.98	0.32	0.13	0.35	2.31	(2.04)	4.05	(3.36)	20.28
APG	1.17	0.47	0.32	0.64	0.66	(1.34)	3.63	(2.15)	9.38
EME	1.31	0.44	0.27	0.51	1.20	(1.56)	3.84	(1.97)	7.37
FIX	1.58	0.52	0.30	0.51	1.25	(1.83)	4.51	(2.60)	8.48
ROAD	2.02	0.30	0.15	0.35	2.07	(2.26)	4.65	(4.31)	10.85
GLDD	1.73	0.22	0.12	0.35	1.66	(2.04)	3.76	(2.95)	11.90
SLND	2.00	0.44	0.16	1.03	1.92	(2.56)	4.73	(2.89)	13.50
TPC	2.16	1.12	0.59	0.84	1.15	(2.82)	4.37	(2.20)	28.61

Primoris Services Corporate Executives

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

Kenneth CPA

Executive CFO

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