KBR Correlations

KBR Stock

USD 51.05 0.39 0.77%

The current 90-days correlation between KBR Inc and Jacobs Solutions is 0.47 (i.e., Very weak diversification). The correlation of KBR 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.

KBR Correlation With Market

Weak diversification

The correlation between KBR Inc and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KBR Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KBR Inc. 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 labor statistics.

Moving together with KBR Stock

0.86	BV	BrightView Holdings	Pair Corr
0.73	NL	NL Industries	Pair Corr
0.91	DLHC	DLH Holdings Corp	Pair Corr
0.85	VCIG	VCI Global Limited	Pair Corr
0.73	VLTO	Veralto	Pair Corr
0.78	EXPO	Exponent	Pair Corr
0.63	WLDN	Willdan Group	Pair Corr
0.78	AXR	AMREP	Pair Corr
0.85	BTM	Bitcoin Depot	Pair Corr
0.65	CIX	CompX International	Pair Corr
0.86	FORR	Forrester Research Potential Growth	Pair Corr
0.79	CLH	Clean Harbors	Pair Corr
0.9	CXW	CoreCivic	Pair Corr
0.88	DLX	Deluxe	Pair Corr
0.81	DNB	Dun Bradstreet Holdings	Pair Corr

Moving against KBR Stock

0.86	KC	Kingsoft Cloud Holdings Earnings Call This Week	Pair Corr
0.81	WM	Waste Management	Pair Corr
0.8	LZ	LegalZoom	Pair Corr
0.8	VRSK	Verisk Analytics	Pair Corr
0.79	G	Genpact Limited	Pair Corr
0.59	MG	Mistras Group	Pair Corr
0.48	BR	Broadridge Financial	Pair Corr
0.36	VSEC	VSE Corporation	Pair Corr
0.36	EXLS	ExlService Holdings	Pair Corr
0.85	GDS	GDS Holdings Earnings Call This Week	Pair Corr
0.48	GFL	Gfl Environmental	Pair Corr
0.4	EBF	Ennis Inc	Pair Corr

Related Correlations Analysis

	J	TTEK	FLR	BLD	MYRG	GVA	ROAD	GLDD	EME	FIX
J		0.8	0.87	0.76	0.83	0.87	0.75	0.86	0.88	0.9	J
TTEK	0.8		0.9	0.61	0.87	0.82	0.92	0.88	0.85	0.82	TTEK
FLR	0.87	0.9		0.74	0.97	0.92	0.93	0.97	0.91	0.91	FLR
BLD	0.76	0.61	0.74		0.71	0.75	0.62	0.72	0.7	0.75	BLD
MYRG	0.83	0.87	0.97	0.71		0.94	0.95	0.93	0.88	0.87	MYRG
GVA	0.87	0.82	0.92	0.75	0.94		0.9	0.91	0.91	0.89	GVA
ROAD	0.75	0.92	0.93	0.62	0.95	0.9		0.91	0.86	0.82	ROAD
GLDD	0.86	0.88	0.97	0.72	0.93	0.91	0.91		0.89	0.89	GLDD
EME	0.88	0.85	0.91	0.7	0.88	0.91	0.86	0.89		0.99	EME
FIX	0.9	0.82	0.91	0.75	0.87	0.89	0.82	0.89	0.99		FIX
	J	TTEK	FLR	BLD	MYRG	GVA	ROAD	GLDD	EME	FIX

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Risk-Adjusted Indicators

There is a big difference between KBR Stock performing well and KBR 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 KBR'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
J	0.90	(0.11)	(0.27)	1.46	(2.16)	5.32
TTEK	1.27	(0.57)	111.58	1.88	(2.93)	9.78
FLR	2.11	(0.47)	(0.54)	3.51	(5.27)	21.29
BLD	1.60	(0.20)	(0.28)	3.23	(3.75)	11.12
MYRG	2.40	(0.38)	(0.48)	4.97	(5.73)	18.19
GVA	1.36	(0.32)	(0.45)	2.03	(2.86)	8.39
ROAD	2.16	(0.42)	(0.65)	4.28	(5.81)	16.21
GLDD	2.40	(0.36)	(0.38)	3.49	(5.61)	22.28
EME	2.14	(0.25)	(0.35)	4.09	(4.52)	24.49
FIX	2.77	(0.32)	(0.33)	5.05	(6.52)	31.92

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