Comfort Systems Correlations

FIX Stock

USD 486.65 17.47 3.47%

The current 90-days correlation between Comfort Systems USA and Jacobs Solutions is 0.32 (i.e., Weak diversification). The correlation of Comfort Systems 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.

Comfort Systems Correlation With Market

Very weak diversification

The correlation between Comfort Systems USA and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Comfort Systems USA 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 Comfort Systems USA. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Comfort Stock

0.76	J	Jacobs Solutions	Pair Corr
0.8	ESOA	Energy Services Fiscal Year End 16th of December 2024	Pair Corr
0.88	WLGS	Wang Lee Group,	Pair Corr
0.95	ACA	Arcosa Inc	Pair Corr
0.91	ACM	Aecom Technology	Pair Corr
0.89	AGX	Argan Inc Earnings Call This Week	Pair Corr
0.97	EME	EMCOR Group	Pair Corr
0.72	FLR	Fluor	Pair Corr
0.93	GVA	Granite Construction	Pair Corr
0.97	LMB	Limbach Holdings	Pair Corr
0.96	MTZ	MasTec Inc	Pair Corr
0.97	PWR	Quanta Services	Pair Corr
0.78	STN	Stantec	Pair Corr
0.88	TPC	Tutor Perini	Pair Corr
0.92	GLDD	Great Lakes Dredge	Pair Corr
0.95	IESC	IES Holdings Earnings Call This Week	Pair Corr
0.95	MTRX	Matrix Service	Pair Corr
0.9	MYRG	MYR Group	Pair Corr
0.92	PRIM	Primoris Services	Pair Corr
0.93	ROAD	Construction Partners Fiscal Year End 4th of December 2024	Pair Corr
0.65	AGFY	Agrify Corp Trending	Pair Corr
0.98	STRL	Sterling Construction	Pair Corr

Moving against Comfort Stock

0.7	SHIM	Shimmick Common	Pair Corr
0.64	SLND	Southland Holdings	Pair Corr
0.4	AMRC	Ameresco	Pair Corr
0.39	TTEK	Tetra Tech Sell-off Trend	Pair Corr
0.35	CNTM	ConnectM Technology Symbol Change	Pair Corr

Related Correlations Analysis

	J	DY	VATE	ESOA	WLGS	ACA	AGX	APG	ECG
J		0.25	0.57	0.51	0.76	0.67	0.84	0.27	-0.42	J
DY	0.25		0.04	-0.07	0.09	0.18	0.15	-0.17	0.27	DY
VATE	0.57	0.04		0.27	0.49	0.31	0.53	0.19	-0.32	VATE
ESOA	0.51	-0.07	0.27		0.9	0.88	0.83	0.8	-0.31	ESOA
WLGS	0.76	0.09	0.49	0.9		0.89	0.96	0.65	-0.43	WLGS
ACA	0.67	0.18	0.31	0.88	0.89		0.87	0.75	-0.22	ACA
AGX	0.84	0.15	0.53	0.83	0.96	0.87		0.59	-0.45	AGX
APG	0.27	-0.17	0.19	0.8	0.65	0.75	0.59		-0.16	APG
ECG	-0.42	0.27	-0.32	-0.31	-0.43	-0.22	-0.45	-0.16		ECG
	J	DY	VATE	ESOA	WLGS	ACA	AGX	APG	ECG

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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

AGX	+ 0.96	WLGS
WLGS	+ 0.9	ESOA
ACA	+ 0.89	WLGS
ACA	+ 0.88	ESOA
AGX	+ 0.87	ACA
AGX	+ 0.84	J

High negative correlations

ECG	- 0.45	AGX
ECG	- 0.43	WLGS
ECG	- 0.42	J
ECG	- 0.32	VATE
ECG	- 0.31	ESOA
ECG	- 0.22	ACA

Risk-Adjusted Indicators

There is a big difference between Comfort Stock performing well and Comfort Systems 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 Comfort Systems' 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
J	1.09	0.06	0.04	0.17	1.63	(1.12)	2.41	(1.97)	9.97
DY	1.93	0.02	0.00	0.14	3.05	(1.82)	4.43	(3.57)	19.59
VATE	4.62	0.56	0.12	0.37	5.09	(5.12)	14.10	(7.60)	40.85
ESOA	2.42	0.48	0.22	0.41	2.28	(2.96)	5.45	(3.07)	10.94
WLGS	9.53	3.63	0.41	1.45	7.76	(12.39)	27.73	(12.71)	66.06
ACA	1.41	0.07	0.08	0.16	1.59	(1.51)	3.28	(2.46)	7.08
AGX	2.84	0.94	0.35	0.62	2.32	(3.57)	7.30	(3.58)	34.48
APG	1.40	(0.07)	(0.02)	0.06	1.66	(1.50)	3.27	(3.02)	7.65
ECG	3.16	1.21	0.35	1.89	2.45	(3.79)	6.99	(4.19)	18.13

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