IES Holdings Correlations

IESC Stock

USD 187.03 2.41 1.27%

The current 90-days correlation between IES Holdings and Comfort Systems USA is 0.79 (i.e., Poor diversification). The correlation of IES Holdings 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.

IES Holdings Correlation With Market

Modest diversification

The correlation between IES Holdings and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IES Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IES 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 state.

For information on how to trade IES Stock refer to our How to Trade IES Stock guide.

Moving together with IES Stock

0.83	J	Jacobs Solutions	Pair Corr
0.8	DY	Dycom Industries	Pair Corr
0.78	EXPO	Exponent	Pair Corr
0.71	ACA	Arcosa Inc	Pair Corr
0.81	ACM	Aecom Technology	Pair Corr
0.9	AGX	Argan Inc	Pair Corr
0.83	BLD	Topbuild Corp	Pair Corr
0.92	EME	EMCOR Group	Pair Corr
0.94	FIX	Comfort Systems USA	Pair Corr
0.83	FLR	Fluor	Pair Corr
0.81	GVA	Granite Construction	Pair Corr
0.76	KBR	KBR Inc	Pair Corr
0.88	LMB	Limbach Holdings	Pair Corr
0.9	MTZ	MasTec Inc	Pair Corr
0.72	ORN	Orion Group Holdings	Pair Corr
0.87	PWR	Quanta Services	Pair Corr
0.81	GLDD	Great Lakes Dredge	Pair Corr
0.77	MYRG	MYR Group	Pair Corr
0.87	PRIM	Primoris Services	Pair Corr
0.72	ROAD	Construction Partners	Pair Corr
0.71	AMRC	Ameresco Trending	Pair Corr
0.69	SHIM	Shimmick Common	Pair Corr

Moving against IES Stock

0.39	JUNE	Junee Limited Ordinary Trending	Pair Corr
0.38	STN	Stantec	Pair Corr

Related Correlations Analysis

	EME	FIX	PRIM	GVA	ROAD	MTRX	MYRG	STRL	BBCP	LMB
EME		0.99	0.97	0.91	0.87	0.39	0.89	0.93	0.41	0.88	EME
FIX	0.99		0.96	0.9	0.83	0.45	0.87	0.9	0.49	0.9	FIX
PRIM	0.97	0.96		0.91	0.85	0.36	0.88	0.92	0.38	0.86	PRIM
GVA	0.91	0.9	0.91		0.87	0.37	0.92	0.86	0.41	0.84	GVA
ROAD	0.87	0.83	0.85	0.87		0.1	0.94	0.93	0.08	0.71	ROAD
MTRX	0.39	0.45	0.36	0.37	0.1		0.22	0.11	0.75	0.54	MTRX
MYRG	0.89	0.87	0.88	0.92	0.94	0.22		0.92	0.23	0.79	MYRG
STRL	0.93	0.9	0.92	0.86	0.93	0.11	0.92		0.13	0.74	STRL
BBCP	0.41	0.49	0.38	0.41	0.08	0.75	0.23	0.13		0.6	BBCP
LMB	0.88	0.9	0.86	0.84	0.71	0.54	0.79	0.74	0.6		LMB
	EME	FIX	PRIM	GVA	ROAD	MTRX	MYRG	STRL	BBCP	LMB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

Risk-Adjusted Indicators

There is a big difference between IES Stock performing well and IES Holdings 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 IES Holdings' 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
EME	2.10	(0.15)	0.00	(0.21)	0.00	0.00	4.09	(4.35)	24.49
FIX	2.75	(0.21)	0.00	(0.21)	0.00	0.00	5.37	(5.90)	31.92
PRIM	2.51	(0.18)	0.00	(0.23)	0.00	0.00	4.65	(4.49)	25.01
GVA	1.37	(0.29)	0.00	(0.37)	0.00	0.00	2.25	(2.86)	8.39
ROAD	2.23	(0.28)	0.00	(0.38)	0.00	0.00	4.39	(5.81)	16.21
MTRX	2.31	0.17	0.05	0.06	2.88	(2.55)	4.67	(5.17)	14.29
MYRG	2.39	(0.31)	0.00	(0.36)	0.00	0.00	4.57	(5.73)	16.92
STRL	3.19	(0.38)	0.00	(0.33)	0.00	0.00	5.83	(6.42)	31.34
BBCP	2.81	(0.06)	0.00	(0.23)	0.00	0.00	6.95	(5.67)	31.57
LMB	3.48	(0.08)	0.00	(0.12)	0.00	0.00	6.26	(6.82)	19.88

IES Holdings Corporate Management

Mary Newman	General VP	Profile
William Albright	Vice Development	Profile
Dwayne Collier	Pres Residential	Profile
Harvey Hammock	Senior Safety	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