Concrete Pumping Correlations

BBCP Stock

USD 6.71 0.18 2.76%

The correlation of Concrete Pumping 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.

Concrete Pumping Correlation With Market

Significant diversification

The correlation between Concrete Pumping Holdings and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Concrete Pumping Holdings 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 Concrete Pumping Holdings. 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.

Moving together with Concrete Stock

0.67	VATE	Innovate Corp Earnings Call This Week	Pair Corr
0.65	WLGS	Wang Lee Group,	Pair Corr
0.66	MSW	Ming Shing Group	Pair Corr
0.65	MTRX	Matrix Service	Pair Corr

Moving against Concrete Stock

0.56	NVEE	NV5 Global	Pair Corr
0.49	ESOA	Energy Services	Pair Corr
0.49	WLDN	Willdan Group Earnings Call This Week	Pair Corr
0.47	STN	Stantec	Pair Corr
0.47	JUNE	Junee Limited Ordinary	Pair Corr
0.43	TPC	Tutor Perini	Pair Corr
0.42	SKK	PROSHARES ULTRASHORT	Pair Corr
0.37	GVA	Granite Construction	Pair Corr
0.34	KBR	KBR Inc	Pair Corr
0.32	FGL	Founder Group Limited	Pair Corr
0.62	BW	Babcock Wilcox Enter	Pair Corr
0.59	AGFY	Agrify Corp Upward Rally	Pair Corr
0.59	BLNK	Blink Charging	Pair Corr
0.58	AL	Air Lease	Pair Corr
0.51	ROAD	Construction Partners	Pair Corr
0.49	AMRC	Ameresco	Pair Corr
0.46	RITR	Reitar Logtech Holdings	Pair Corr
0.42	STRL	Sterling Construction	Pair Corr
0.36	GD	General Dynamics	Pair Corr

Related Correlations Analysis

	BBCPW	ACSAF	ACSAY	BADFF	MYRG	LMB	IESC	GVA	ACA	ROAD
BBCPW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	BBCPW
ACSAF	0.0		0.76	-0.05	-0.64	-0.33	-0.47	-0.79	-0.69	-0.79	ACSAF
ACSAY	0.0	0.76		0.12	-0.35	-0.43	-0.47	-0.61	-0.41	-0.61	ACSAY
BADFF	0.0	-0.05	0.12		-0.01	-0.06	0.08	0.15	0.43	0.03	BADFF
MYRG	0.0	-0.64	-0.35	-0.01		0.44	0.52	0.78	0.71	0.87	MYRG
LMB	0.0	-0.33	-0.43	-0.06	0.44		0.83	0.62	0.45	0.51	LMB
IESC	0.0	-0.47	-0.47	0.08	0.52	0.83		0.84	0.59	0.67	IESC
GVA	0.0	-0.79	-0.61	0.15	0.78	0.62	0.84		0.84	0.9	GVA
ACA	0.0	-0.69	-0.41	0.43	0.71	0.45	0.59	0.84		0.71	ACA
ROAD	0.0	-0.79	-0.61	0.03	0.87	0.51	0.67	0.9	0.71		ROAD
	BBCPW	ACSAF	ACSAY	BADFF	MYRG	LMB	IESC	GVA	ACA	ROAD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

ROAD	+ 0.9	GVA
ROAD	+ 0.87	MYRG
GVA	+ 0.84	IESC
ACA	+ 0.84	GVA
IESC	+ 0.83	LMB
GVA	+ 0.78	MYRG

High negative correlations

ROAD	- 0.79	ACSAF
GVA	- 0.79	ACSAF
ACA	- 0.69	ACSAF
MYRG	- 0.64	ACSAF
ROAD	- 0.61	ACSAY
GVA	- 0.61	ACSAY

Risk-Adjusted Indicators

There is a big difference between Concrete Stock performing well and Concrete Pumping 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 Concrete Pumping'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
BBCPW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ACSAF	2.17	0.76	0.17	0.94	1.78	(4.29)	6.46	(4.72)	21.21
ACSAY	1.27	0.34	0.19	0.88	1.44	(1.42)	3.63	(2.03)	11.21
BADFF	1.68	0.15	0.03	(0.70)	2.64	(2.67)	5.63	(5.01)	17.52
MYRG	2.05	(0.20)	0.00	0.84	0.00	0.00	4.57	(5.49)	18.19
LMB	2.81	(0.21)	0.00	(0.18)	0.00	0.00	5.11	(6.29)	18.98
IESC	3.89	(0.49)	0.00	(0.35)	0.00	0.00	7.98	(7.07)	39.03
GVA	1.14	(0.24)	0.00	(1.05)	0.00	0.00	1.73	(2.60)	8.39
ACA	1.27	(0.16)	0.00	(1.31)	0.00	0.00	2.36	(2.84)	7.99
ROAD	2.11	(0.36)	0.00	6.43	0.00	0.00	4.28	(5.81)	17.06

Concrete Pumping Corporate Executives

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

Iain Humphries

Secretary CFO

Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC