Aecom Technology Correlations

ACM Stock

USD 94.10 0.89 0.94%

The current 90-days correlation between Aecom Technology and Quanta Services is 0.52 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aecom Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aecom Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aecom Technology Correlation With Market

Good diversification

The correlation between Aecom Technology and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aecom Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aecom Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

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

Moving together with Aecom Stock

0.89	J	Jacobs Solutions	Pair Corr
0.77	DY	Dycom Industries	Pair Corr
0.77	ESOA	Energy Services	Pair Corr
0.9	EXPO	Exponent	Pair Corr
0.85	ACA	Arcosa Inc	Pair Corr
0.79	AGX	Argan Inc	Pair Corr
0.73	BLD	Topbuild Corp	Pair Corr
0.89	EME	EMCOR Group	Pair Corr
0.74	FGL	Founder Group Limited	Pair Corr
0.88	FIX	Comfort Systems USA	Pair Corr
0.97	FLR	Fluor Sell-off Trend	Pair Corr
0.92	GVA	Granite Construction Sell-off Trend	Pair Corr
0.91	KBR	KBR Inc	Pair Corr
0.81	LMB	Limbach Holdings	Pair Corr
0.81	MTZ	MasTec Inc	Pair Corr
0.79	ORN	Orion Group Holdings	Pair Corr
0.95	PWR	Quanta Services	Pair Corr
0.95	GLDD	Great Lakes Dredge	Pair Corr
0.81	IESC	IES Holdings	Pair Corr
0.93	MYRG	MYR Group	Pair Corr
0.65	NVEE	NV5 Global	Pair Corr
0.79	PGHL	Primega Group Holdings	Pair Corr
0.87	PRIM	Primoris Services	Pair Corr
0.66	RITR	Reitar Logtech Holdings	Pair Corr
0.9	ROAD	Construction Partners	Pair Corr
0.68	AGFY	Agrify Corp	Pair Corr
0.89	AMRC	Ameresco Trending	Pair Corr
0.88	SHIM	Shimmick Common	Pair Corr

Moving against Aecom Stock

0.55	JUNE	Junee Limited Ordinary Trending	Pair Corr
0.38	STN	Stantec	Pair Corr

Related Correlations Analysis

	PWR	KBR	FLR	TTEK	MTRX	MYRG	EME	STN	FIX	J
PWR		0.91	0.97	0.9	0.32	0.92	0.91	-0.38	0.9	0.88	PWR
KBR	0.91		0.9	0.95	0.17	0.87	0.89	-0.41	0.87	0.82	KBR
FLR	0.97	0.9		0.9	0.28	0.94	0.88	-0.37	0.87	0.88	FLR
TTEK	0.9	0.95	0.9		0.05	0.89	0.88	-0.32	0.85	0.85	TTEK
MTRX	0.32	0.17	0.28	0.05		0.23	0.39	-0.42	0.45	0.41	MTRX
MYRG	0.92	0.87	0.94	0.89	0.23		0.89	-0.31	0.88	0.84	MYRG
EME	0.91	0.89	0.88	0.88	0.39	0.89		-0.44	0.99	0.89	EME
STN	-0.38	-0.41	-0.37	-0.32	-0.42	-0.31	-0.44		-0.46	-0.46	STN
FIX	0.9	0.87	0.87	0.85	0.45	0.88	0.99	-0.46		0.9	FIX
J	0.88	0.82	0.88	0.85	0.41	0.84	0.89	-0.46	0.9		J
	PWR	KBR	FLR	TTEK	MTRX	MYRG	EME	STN	FIX	J

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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

FIX	+ 0.99	EME
FLR	+ 0.97	PWR
TTEK	+ 0.95	KBR
MYRG	+ 0.94	FLR
MYRG	+ 0.92	PWR
KBR	+ 0.91	PWR

High negative correlations

J	- 0.46	STN
FIX	- 0.46	STN
STN	- 0.44	EME
STN	- 0.42	MTRX
STN	- 0.41	KBR
STN	- 0.38	PWR

Risk-Adjusted Indicators

There is a big difference between Aecom Stock performing well and Aecom Technology 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 Aecom Technology'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
PWR	2.10	(0.29)	0.00	1.16	0.00	0.00	3.94	(4.20)	24.41
KBR	1.32	(0.22)	0.00	1.87	0.00	0.00	2.14	(3.05)	7.77
FLR	2.15	(0.54)	0.00	4.24	0.00	0.00	3.51	(5.27)	21.29
TTEK	1.33	(0.47)	0.00	(2.15)	0.00	0.00	2.12	(2.93)	9.78
MTRX	2.33	0.15	0.04	0.05	2.92	(2.55)	4.67	(5.17)	14.29
MYRG	2.39	(0.32)	0.00	(0.37)	0.00	0.00	4.57	(5.73)	16.92
EME	2.11	(0.15)	0.00	(0.21)	0.00	0.00	4.09	(4.35)	24.49
STN	1.38	(0.02)	0.04	0.00	1.80	(1.44)	2.28	(3.05)	14.90
FIX	2.75	(0.21)	0.00	(0.21)	0.00	0.00	5.37	(5.90)	31.92
J	0.92	(0.12)	0.00	(0.24)	0.00	0.00	1.46	(2.16)	5.32

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