Stantec Correlations

STN Stock

USD 111.99 0.92 0.83%

The current 90-days correlation between Stantec and EMCOR Group is 0.36 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stantec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stantec moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stantec Correlation With Market

Weak diversification

The correlation between Stantec and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stantec and DJI in the same portfolio, assuming nothing else is changed.

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

To learn how to invest in Stantec Stock, please use our How to Invest in Stantec guide.

Moving together with Stantec Stock

0.64	DXST	Decent Holding Ordinary	Pair Corr
0.64	DNB	Dun Bradstreet Holdings Sell-off Trend	Pair Corr
0.91	HNI	HNI Corp Earnings Call This Week	Pair Corr
0.95	KAR	KAR Auction Services	Pair Corr
0.86	HDSN	Hudson Technologies	Pair Corr
0.8	ZONE	CleanCore Solutions	Pair Corr
0.74	LNZA	LanzaTech Global	Pair Corr
0.75	MLKN	MillerKnoll	Pair Corr
0.86	TIXT	TELUS International	Pair Corr
0.93	TTEK	Tetra Tech	Pair Corr
0.7	CMPR	Cimpress NV	Pair Corr
0.75	CTAS	Cintas Earnings Call This Week	Pair Corr
0.89	J	Jacobs Solutions	Pair Corr
0.82	R	Ryder System Earnings Call This Week	Pair Corr
0.66	DIST	Distoken Acquisition	Pair Corr
0.9	AL	Air Lease	Pair Corr
0.88	AP	Ampco Pittsburgh	Pair Corr
0.9	AZ	A2Z Smart Technologies	Pair Corr
0.9	BA	Boeing	Pair Corr
0.84	BE	Bloom Energy Corp	Pair Corr
0.74	BV	BrightView Holdings	Pair Corr
0.9	BW	Babcock Wilcox Enter	Pair Corr
0.9	BZ	Kanzhun Ltd ADR	Pair Corr
0.86	CP	Canadian Pacific Railway	Pair Corr
0.92	CR	Crane Company	Pair Corr

Moving against Stantec Stock

0.86	VIRC	Virco Manufacturing	Pair Corr
0.81	NL	NL Industries	Pair Corr
0.71	CDTG	CDT Environmental	Pair Corr
0.49	KBR	KBR Inc Earnings Call This Week	Pair Corr
0.39	DSS	DSS Inc	Pair Corr
0.78	PC	Premium Catering	Pair Corr
0.76	MG	Mistras Group	Pair Corr
0.54	GP	GreenPower Motor	Pair Corr

Related Correlations Analysis

	EME	FIX	PRIM	GVA	ROAD	ACM	MYRG	BLD	APG	DY
EME		0.97	0.98	0.96	0.88	0.94	0.96	0.79	0.95	0.93	EME
FIX	0.97		0.96	0.98	0.95	0.98	0.97	0.66	0.99	0.96	FIX
PRIM	0.98	0.96		0.94	0.9	0.95	0.97	0.77	0.95	0.9	PRIM
GVA	0.96	0.98	0.94		0.94	0.97	0.93	0.65	0.96	0.98	GVA
ROAD	0.88	0.95	0.9	0.94		0.96	0.93	0.47	0.96	0.93	ROAD
ACM	0.94	0.98	0.95	0.97	0.96		0.96	0.62	0.98	0.96	ACM
MYRG	0.96	0.97	0.97	0.93	0.93	0.96		0.68	0.98	0.91	MYRG
BLD	0.79	0.66	0.77	0.65	0.47	0.62	0.68		0.64	0.61	BLD
APG	0.95	0.99	0.95	0.96	0.96	0.98	0.98	0.64		0.96	APG
DY	0.93	0.96	0.9	0.98	0.93	0.96	0.91	0.61	0.96		DY
	EME	FIX	PRIM	GVA	ROAD	ACM	MYRG	BLD	APG	DY

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Risk-Adjusted Indicators

There is a big difference between Stantec Stock performing well and Stantec 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 Stantec'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
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
PRIM	1.88	0.51	0.23	0.57	1.81	(2.16)	3.82	(2.94)	14.43
GVA	1.00	0.19	0.15	0.37	0.71	(1.21)	2.26	(1.36)	5.35
ROAD	2.02	0.30	0.15	0.35	2.07	(2.26)	4.65	(4.31)	10.85
ACM	0.80	0.18	0.16	0.39	0.55	(0.89)	1.90	(1.39)	4.41
MYRG	1.63	0.70	0.45	0.79	0.78	(2.01)	3.33	(2.33)	22.62
BLD	1.96	0.11	0.08	0.20	2.11	(2.06)	5.70	(3.40)	10.78
APG	1.17	0.47	0.32	0.64	0.66	(1.34)	3.63	(2.15)	9.38
DY	1.21	0.80	0.67	8.54	0.00	(1.59)	3.29	(1.39)	17.82

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