Montrose Environmental Correlations
| MEG Stock | USD 15.16 0.22 1.43% |
The correlation of Montrose Environmental 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.
Montrose Environmental Correlation With Market
Good diversification
The correlation between Montrose Environmental Grp and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Montrose Environmental Grp and DJI in the same portfolio, assuming nothing else is changed.
Montrose |
Moving together with Montrose Stock
| 0.66 | EXPO | Exponent | PairCorr |
| 0.64 | FOUR | Shift4 Payments | PairCorr |
| 0.68 | GEO | Geo Group | PairCorr |
| 0.65 | RGP | Resources Connection Earnings Call This Week | PairCorr |
Moving against Montrose Stock
| 0.78 | GFL | Gfl Environmental | PairCorr |
| 0.62 | ACU | Acme United | PairCorr |
| 0.39 | KC | Kingsoft Cloud Holdings | PairCorr |
| 0.37 | VSEC | VSE Corporation | PairCorr |
| 0.32 | GDS | GDS Holdings | PairCorr |
| 0.39 | PAGS | PagSeguro Digital | PairCorr |
| 0.36 | HURN | Huron Consulting | PairCorr |
| 0.36 | INOD | Innodata | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HSC | ||
| 0.0 | 0.0 | -0.3 | 0.0 | 0.6 | 0.64 | CWST | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SRCL | ||
| 0.0 | -0.3 | 0.0 | 0.0 | -0.51 | -0.74 | CLH | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HCCI | ||
| 0.0 | 0.6 | 0.0 | -0.51 | 0.0 | 0.93 | WCN | ||
| 0.0 | 0.64 | 0.0 | -0.74 | 0.0 | 0.93 | RSG | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Montrose Stock performing well and Montrose Environmental 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 Montrose Environmental'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 | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HSC | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CWST | 1.28 | 0.09 | 0.07 | 0.14 | 1.21 | 3.12 | 7.44 | |||
| SRCL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CLH | 1.16 | (0.27) | 0.00 | (0.32) | 0.00 | 2.10 | 7.28 | |||
| HCCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| WCN | 0.76 | 0.13 | 0.15 | 0.29 | 0.68 | 1.94 | 5.46 | |||
| RSG | 0.77 | 0.22 | 0.27 | 0.48 | 0.55 | 1.93 | 4.88 |
Montrose Environmental Corporate Management
| Robin Newmark | Independent Director | Profile | |
| Lauren Dowling | PR Marketing | Profile | |
| Mark Hall | Engineering Consulting | Profile | |
| Joel Presby | Independent Director | Profile | |
| Todd Grosshandler | Chief Officer | Profile | |
| Nasym Afsari | General Counsel, Secretary | Profile | |
| Steve PE | Chief Officer | Profile |