Api Group Correlations
| APG Stock | USD 40.12 0.91 2.32% |
The current 90-days correlation between Api Group Corp and Topbuild Corp is 0.38 (i.e., Weak diversification). The correlation of Api Group 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.
Api Group Correlation With Market
Significant diversification
The correlation between Api Group Corp and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Group Corp and DJI in the same portfolio, assuming nothing else is changed.
Api |
Moving against Api Stock
| 0.45 | KBR | KBR Inc | PairCorr |
| 0.37 | GLDD | Great Lakes Dredge | PairCorr |
| 0.57 | CNTM | ConnectM Technology Symbol Change | PairCorr |
| 0.45 | TTEK | Tetra Tech | PairCorr |
| 0.43 | BLNK | Blink Charging | PairCorr |
| 0.37 | BA | Boeing | PairCorr |
| 0.36 | RITR | Reitar Logtech Holdings | PairCorr |
| 0.33 | PGHL | Primega Group Holdings | PairCorr |
| 0.33 | AMRC | Ameresco | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Api Stock performing well and Api 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 Api 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BLD | 1.70 | (0.18) | 0.00 | (0.13) | 0.00 | 3.27 | 14.85 | |||
| MYRG | 2.12 | (0.34) | 0.00 | (0.32) | 0.00 | 4.57 | 18.19 | |||
| FIX | 2.49 | (0.36) | 0.00 | (0.29) | 0.00 | 5.49 | 31.92 | |||
| ROAD | 2.09 | (0.52) | 0.00 | (0.66) | 0.00 | 4.39 | 16.21 | |||
| PRIM | 2.36 | (0.15) | 0.00 | (0.13) | 0.00 | 4.65 | 25.01 | |||
| GVA | 1.19 | (0.31) | 0.00 | (0.41) | 0.00 | 2.03 | 8.39 | |||
| MTRX | 2.16 | 0.09 | 0.03 | 0.06 | 2.80 | 4.96 | 13.55 | |||
| ACA | 1.22 | (0.25) | 0.00 | (0.26) | 0.00 | 2.66 | 7.28 | |||
| EME | 1.88 | (0.27) | 0.00 | (0.23) | 0.00 | 4.09 | 24.49 | |||
| DY | 1.89 | (0.16) | 0.00 | (0.36) | 0.00 | 4.38 | 13.28 |
Api Group Corporate Management
| Cyrus Walker | Independent Director | Profile | |
| Adam Fee | Vice Relations | Profile | |
| Kristina Morton | Senior Officer | Profile | |
| Craig Fellman | Senior Leader | Profile | |
| David Blitzer | Director | Profile | |
| Andrew White | Senior Chubb | Profile | |
| Mark Polovitz | Vice President Controller | Profile |