Everus Construction Correlations

ECG Stock

38.58 2.77 6.70%

The current 90-days correlation between Everus Construction and Westshore Terminals Investment is 0.18 (i.e., Average diversification). The correlation of Everus Construction 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.

Everus Construction Correlation With Market

Weak diversification

The correlation between Everus Construction Group and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everus Construction Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Everus Construction Group. 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 Everus Stock

0.92	J	Jacobs Solutions	Pair Corr
0.82	DY	Dycom Industries	Pair Corr
0.75	ESOA	Energy Services	Pair Corr
0.84	ACA	Arcosa Inc	Pair Corr
0.97	ACM	Aecom Technology	Pair Corr
0.76	AGX	Argan Inc	Pair Corr
0.89	EME	EMCOR Group	Pair Corr
0.69	FGL	Founder Group Limited	Pair Corr
0.9	FIX	Comfort Systems USA	Pair Corr
0.97	FLR	Fluor	Pair Corr
0.89	GVA	Granite Construction	Pair Corr
0.62	MSW	Ming Shing Group	Pair Corr
0.83	MTZ	MasTec Inc	Pair Corr
0.79	ORN	Orion Group Holdings	Pair Corr
0.92	PWR	Quanta Services	Pair Corr
0.64	SKK	PROSHARES ULTRASHORT	Pair Corr
0.94	GLDD	Great Lakes Dredge	Pair Corr
0.79	IESC	IES Holdings	Pair Corr
0.93	MYRG	MYR Group	Pair Corr
0.77	PGHL	Primega Group Holdings	Pair Corr
0.9	PRIM	Primoris Services	Pair Corr
0.7	RITR	Reitar Logtech Holdings	Pair Corr
0.85	ROAD	Construction Partners	Pair Corr
0.88	AMRC	Ameresco	Pair Corr
0.91	SHIM	Shimmick Common	Pair Corr
0.87	STRL	Sterling Construction	Pair Corr
0.77	BWMN	Bowman Consulting	Pair Corr
0.73	CDLR	Cadeler AS	Pair Corr

Moving against Everus Stock

0.56	JUNE	Junee Limited Ordinary	Pair Corr
0.91	CYD	China Yuchai Interna	Pair Corr
0.86	EFOI	Energy Focu	Pair Corr
0.58	CCK	Crown Holdings	Pair Corr
0.53	OI	O I Glass	Pair Corr
0.31	DRVN	Driven Brands Holdings	Pair Corr

Related Correlations Analysis

	TWO-P-C	TODM	WTSHF	MGMNF	AIV	LAC
TWO-P-C		0.0	0.4	0.14	-0.07	-0.16	TWO-P-C
TODM	0.0		0.0	0.0	0.0	0.0	TODM
WTSHF	0.4	0.0		0.4	0.41	-0.58	WTSHF
MGMNF	0.14	0.0	0.4		0.64	-0.08	MGMNF
AIV	-0.07	0.0	0.41	0.64		-0.22	AIV
LAC	-0.16	0.0	-0.58	-0.08	-0.22		LAC
	TWO-P-C	TODM	WTSHF	MGMNF	AIV	LAC

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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

AIV	+ 0.64	MGMNF
AIV	+ 0.41	WTSHF
WTSHF	+ 0.4	TWO-P-C
MGMNF	+ 0.4	WTSHF
MGMNF	+ 0.14	TWO-P-C
TODM	+ 0.0	TWO-P-C

High negative correlations

LAC	- 0.58	WTSHF
LAC	- 0.22	AIV
LAC	- 0.16	TWO-P-C
LAC	- 0.08	MGMNF
AIV	- 0.07	TWO-P-C
LAC	- 0.0	TODM

Risk-Adjusted Indicators

There is a big difference between Everus Stock performing well and Everus Construction 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 Everus Construction'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
TWO-P-C	0.23	0.00	(0.01)	(0.04)	0.37	(0.26)	0.56	(0.60)	2.54
TODM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WTSHF	1.50	0.15	0.04	0.41	1.91	(2.77)	4.74	(3.86)	13.84
MGMNF	2.95	0.43	0.12	0.35	3.07	(3.59)	7.77	(5.45)	16.65
AIV	1.15	0.12	0.08	(1.50)	1.19	(1.44)	3.07	(1.98)	11.40
LAC	2.84	(0.08)	0.00	(0.28)	0.00	0.00	6.73	(4.91)	18.06

Everus Construction Corporate Executives

Elected by the shareholders, the Everus Construction's board of directors comprises two types of representatives: Everus Construction inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Everus. The board's role is to monitor Everus Construction's management team and ensure that shareholders' interests are well served. Everus Construction'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, Everus Construction's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Maximillian Marcy	CFO VP	Profile
	Thomas Nosbusch	Executive COO	Profile

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