Fluor Correlations

FLR Stock

USD 36.81 1.87 5.35%

The current 90-days correlation between Fluor and Aecom Technology is 0.12 (i.e., Average diversification). The correlation of Fluor 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.

Fluor Correlation With Market

Good diversification

The correlation between Fluor and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fluor 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 Fluor. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving together with Fluor Stock

0.72	J	Jacobs Solutions	Pair Corr
0.61	DY	Dycom Industries	Pair Corr
0.8	ESOA	Energy Services	Pair Corr
0.66	ACM	Aecom Technology	Pair Corr
0.65	AGX	Argan Inc	Pair Corr
0.97	ECG	Everus Construction	Pair Corr
0.71	EME	EMCOR Group	Pair Corr
0.67	FGL	Founder Group Limited	Pair Corr
0.93	FIX	Comfort Systems USA	Pair Corr
0.91	GVA	Granite Construction	Pair Corr
0.87	KBR	KBR Inc	Pair Corr
0.77	MTZ	MasTec Inc	Pair Corr
0.64	ORN	Orion Group Holdings	Pair Corr
0.97	PWR	Quanta Services	Pair Corr
0.98	GLDD	Great Lakes Dredge	Pair Corr
0.82	IESC	IES Holdings	Pair Corr
0.97	MYRG	MYR Group	Pair Corr
0.67	NVEE	NV5 Global	Pair Corr
0.77	PGHL	Primega Group Holdings	Pair Corr
0.92	PRIM	Primoris Services	Pair Corr
0.72	RITR	Reitar Logtech Holdings	Pair Corr
0.92	ROAD	Construction Partners	Pair Corr
0.66	AGFY	Agrify Corp	Pair Corr
0.79	AMRC	Ameresco	Pair Corr
0.89	SHIM	Shimmick Common	Pair Corr
0.92	STRL	Sterling Construction	Pair Corr
0.89	BWMN	Bowman Consulting	Pair Corr

Moving against Fluor Stock

0.61	JUNE	Junee Limited Ordinary	Pair Corr
0.53	STN	Stantec	Pair Corr
0.62	G	Genpact Limited	Pair Corr
0.38	BR	Broadridge Financial	Pair Corr

Related Correlations Analysis

	ACM	MTRX	MYRG	EME	J	KBR	TTEK	BLD	PWR	ROAD
ACM		0.26	0.63	0.91	0.88	0.62	0.62	0.75	0.68	0.63	ACM
MTRX	0.26		0.28	0.37	0.41	0.2	0.03	0.44	0.35	0.13	MTRX
MYRG	0.63	0.28		0.67	0.68	0.8	0.86	0.22	0.96	0.93	MYRG
EME	0.91	0.37	0.67		0.88	0.68	0.67	0.7	0.74	0.64	EME
J	0.88	0.41	0.68	0.88		0.6	0.62	0.76	0.7	0.58	J
KBR	0.62	0.2	0.8	0.68	0.6		0.9	0.19	0.88	0.85	KBR
TTEK	0.62	0.03	0.86	0.67	0.62	0.9		0.16	0.89	0.91	TTEK
BLD	0.75	0.44	0.22	0.7	0.76	0.19	0.16		0.29	0.14	BLD
PWR	0.68	0.35	0.96	0.74	0.7	0.88	0.89	0.29		0.93	PWR
ROAD	0.63	0.13	0.93	0.64	0.58	0.85	0.91	0.14	0.93		ROAD
	ACM	MTRX	MYRG	EME	J	KBR	TTEK	BLD	PWR	ROAD

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Risk-Adjusted Indicators

There is a big difference between Fluor Stock performing well and Fluor 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 Fluor'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
ACM	1.12	(0.18)	(0.34)	2.10	(2.56)	6.36
MTRX	2.27	(0.05)	0.07	4.34	(5.17)	14.29
MYRG	2.40	(0.54)	1.35	4.57	(5.73)	16.92
EME	2.14	(0.25)	(0.35)	4.09	(4.52)	24.49
J	0.90	(0.11)	(0.27)	1.46	(2.16)	5.32
KBR	1.35	(0.23)	0.41	2.14	(2.86)	7.77
TTEK	1.35	(0.54)	(10.18)	1.88	(2.93)	9.78
BLD	1.60	(0.20)	(0.28)	3.23	(3.75)	11.12
PWR	2.13	(0.36)	1.74	3.94	(4.20)	24.41
ROAD	2.19	(0.50)	0.93	4.28	(5.81)	16.21

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