Limbach Holdings Correlations

LMB Stock

USD 82.85 0.93 1.14%

The current 90-days correlation between Limbach Holdings and MYR Group is 0.7 (i.e., Poor diversification). The correlation of Limbach 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.

Limbach Holdings Correlation With Market

Weak diversification

The correlation between Limbach Holdings and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Limbach Holdings 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 Limbach 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 population.

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

Moving together with Limbach Stock

0.86	OC	Owens Corning	Pair Corr
0.74	TT	Trane Technologies plc	Pair Corr
0.79	FBIN	Fortune Brands Innov	Pair Corr
0.71	CSL	Carlisle Companies	Pair Corr
0.71	GMS	GMS Inc	Pair Corr
0.89	LPX	Louisiana Pacific	Pair Corr
0.68	WMS	Advanced Drainage Systems	Pair Corr
0.72	ILAG	Intelligent Living	Pair Corr
0.82	JELD	Jeld Wen Holding	Pair Corr
0.63	PPIH	Perma Pipe Internati	Pair Corr
0.79	AAON	AAON Inc	Pair Corr
0.79	ASPN	Aspen Aerogels	Pair Corr
0.66	AZEK	Azek Company	Pair Corr
0.64	SPXC	SPX Corp	Pair Corr
0.76	BLDR	Builders FirstSource	Pair Corr
0.83	TREX	Trex Company	Pair Corr
0.71	CSTE	Caesarstone	Pair Corr
0.84	J	Jacobs Solutions	Pair Corr
0.62	AP	Ampco Pittsburgh Earnings Call This Week	Pair Corr

Moving against Limbach Stock

0.57	ROCK	Gibraltar Industries Downward Rally	Pair Corr
0.62	EH	Ehang Holdings	Pair Corr
0.37	G	Genpact Limited	Pair Corr
0.37	DE	Deere Company	Pair Corr

Related Correlations Analysis

	MYRG	GVA	ROAD	GLDD	KBR	BWMN	MTRX	AENZ	EME	FIX
MYRG		0.92	0.94	0.93	0.87	0.88	0.23	0.0	0.89	0.88	MYRG
GVA	0.92		0.86	0.9	0.81	0.77	0.38	0.0	0.91	0.9	GVA
ROAD	0.94	0.86		0.9	0.91	0.84	0.1	0.0	0.87	0.83	ROAD
GLDD	0.93	0.9	0.9		0.9	0.88	0.37	0.0	0.89	0.88	GLDD
KBR	0.87	0.81	0.91	0.9		0.81	0.17	0.0	0.89	0.87	KBR
BWMN	0.88	0.77	0.84	0.88	0.81		0.3	0.0	0.79	0.79	BWMN
MTRX	0.23	0.38	0.1	0.37	0.17	0.3		0.0	0.39	0.45	MTRX
AENZ	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	AENZ
EME	0.89	0.91	0.87	0.89	0.89	0.79	0.39	0.0		0.99	EME
FIX	0.88	0.9	0.83	0.88	0.87	0.79	0.45	0.0	0.99		FIX
	MYRG	GVA	ROAD	GLDD	KBR	BWMN	MTRX	AENZ	EME	FIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

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

FIX	+ 0.99	EME
ROAD	+ 0.94	MYRG
GLDD	+ 0.93	MYRG
GVA	+ 0.92	MYRG
EME	+ 0.91	GVA
KBR	+ 0.91	ROAD

High negative correlations

FIX	- 0.0	AENZ
EME	- 0.0	AENZ
AENZ	- 0.0	MTRX
AENZ	- 0.0	BWMN
AENZ	- 0.0	KBR
AENZ	- 0.0	GLDD

Risk-Adjusted Indicators

There is a big difference between Limbach Stock performing well and Limbach 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 Limbach 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
MYRG	2.39	(0.32)	0.00	(0.37)	0.00	0.00	4.57	(5.73)	16.92
GVA	1.37	(0.26)	0.00	(0.34)	0.00	0.00	2.25	(2.86)	8.39
ROAD	2.22	(0.25)	0.00	(0.35)	0.00	0.00	4.39	(5.81)	16.21
GLDD	2.47	(0.43)	0.00	(38.06)	0.00	0.00	3.70	(5.61)	22.28
KBR	1.32	(0.22)	0.00	1.87	0.00	0.00	2.14	(3.05)	7.77
BWMN	2.37	(0.21)	0.00	0.56	0.00	0.00	3.40	(4.73)	17.97
MTRX	2.33	0.15	0.04	0.05	2.92	(2.55)	4.67	(5.17)	14.29
AENZ	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EME	2.11	(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

Limbach Holdings Corporate Management

Cristine Leifheit	VP Culture	Profile
Jay Sharp	Regional Midwest	Profile
Christos Ruci	Chief Officer	Profile
Scott Wright	Executive Management	Profile
Nicholas Angerosa	Regional Southeast	Profile
Ian Switalski	Senior Manager	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