SG Blocks Correlations

SGBX Stock

USD 0.41 0.01 3.52%

The correlation of SG Blocks 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.

SG Blocks Correlation With Market

Average diversification

The correlation between SG Blocks and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SG Blocks and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with SGBX Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SG Blocks. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

For more information on how to buy SGBX Stock please use our How to Invest in SG Blocks guide.

Moving together with SGBX Stock

0.62	ESAB	ESAB Corp	Pair Corr
0.73	ATI	Allegheny Technologies Trending	Pair Corr
0.84	MEC	Mayville Engineering	Pair Corr
0.63	MLI	Mueller Industries	Pair Corr
0.67	HIHO	Highway Holdings	Pair Corr
0.78	CMPOW	CompoSecure	Pair Corr
0.79	NWPX	Northwest Pipe	Pair Corr
0.87	PRLB	Proto Labs	Pair Corr
0.78	TPCS	TechPrecision Common	Pair Corr
0.81	CMPO	CompoSecure	Pair Corr
0.61	G	Genpact Limited Earnings Call Today	Pair Corr
0.77	J	Jacobs Solutions Downward Rally	Pair Corr
0.81	R	Ryder System	Pair Corr
0.74	BE	Bloom Energy Corp Earnings Call Today	Pair Corr
0.62	BV	BrightView Holdings	Pair Corr
0.87	BW	Babcock Wilcox Enter Earnings Call Today	Pair Corr
0.73	CP	Canadian Pacific Railway	Pair Corr
0.74	CR	Crane Company	Pair Corr
0.62	DY	Dycom Industries	Pair Corr
0.74	FA	First Advantage Corp Earnings Call Today	Pair Corr
0.82	GP	GreenPower Motor	Pair Corr
0.86	HI	Hillenbrand	Pair Corr
0.84	HY	Hyster Yale Materials Earnings Call This Week	Pair Corr

Moving against SGBX Stock

0.62	BA	Boeing	Pair Corr
0.54	WOR	Worthington Industries	Pair Corr
0.36	AZ	A2Z Smart Technologies	Pair Corr
0.66	GD	General Dynamics	Pair Corr
0.6	NL	NL Industries	Pair Corr

Related Correlations Analysis

	IIIN	CRS	HAYN	MLI	NWPX	ESAB	MEC	RYI	GIFI
IIIN		0.5	0.0	-0.2	0.13	0.38	-0.11	-0.2	0.7	IIIN
CRS	0.5		0.0	0.48	0.35	0.58	0.4	0.38	0.64	CRS
HAYN	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	HAYN
MLI	-0.2	0.48	0.0		0.54	0.64	0.84	0.51	0.12	MLI
NWPX	0.13	0.35	0.0	0.54		0.55	0.8	0.1	0.5	NWPX
ESAB	0.38	0.58	0.0	0.64	0.55		0.66	0.24	0.47	ESAB
MEC	-0.11	0.4	0.0	0.84	0.8	0.66		0.27	0.32	MEC
RYI	-0.2	0.38	0.0	0.51	0.1	0.24	0.27		-0.08	RYI
GIFI	0.7	0.64	0.0	0.12	0.5	0.47	0.32	-0.08		GIFI
	IIIN	CRS	HAYN	MLI	NWPX	ESAB	MEC	RYI	GIFI

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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

MEC	+ 0.84	MLI
MEC	+ 0.8	NWPX
GIFI	+ 0.7	IIIN
MEC	+ 0.66	ESAB
GIFI	+ 0.64	CRS
ESAB	+ 0.64	MLI

High negative correlations

RYI	- 0.2	IIIN
MLI	- 0.2	IIIN
MEC	- 0.11	IIIN
GIFI	- 0.08	RYI
GIFI	- 0.0	HAYN
RYI	- 0.0	HAYN

Risk-Adjusted Indicators

There is a big difference between SGBX Stock performing well and SG Blocks 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 SG Blocks' 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
IIIN	2.08	0.46	0.21	0.36	1.94	(2.61)	7.15	(3.15)	17.76
CRS	2.75	0.22	0.09	1.64	3.37	(3.34)	6.21	(6.16)	20.33
HAYN	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MLI	1.88	(0.09)	0.00	0.42	0.00	0.00	2.87	(3.90)	14.65
NWPX	1.94	(0.33)	0.00	3.25	0.00	0.00	3.60	(4.52)	14.98
ESAB	2.06	0.20	0.05	0.01	2.73	(2.15)	3.90	(4.49)	16.36
MEC	1.71	(0.27)	0.00	(6.18)	0.00	0.00	3.11	(3.79)	11.94
RYI	2.58	(0.13)	0.00	0.33	0.00	0.00	5.69	(5.77)	25.71
GIFI	2.12	0.00	0.00	(0.12)	0.00	0.00	5.61	(4.70)	13.36

SG Blocks Corporate Management

William Rogers	Chief Officer	Profile
Jim Pendergast	Chief Officer	Profile
Patricia CPA	Chief Officer	Profile
Stephen Swett	Investor Officer	Profile

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