NV5 Global Correlations

NVEE Stock

USD 18.28 0.19 1.03%

The current 90-days correlation between NV5 Global and MYR Group is 0.05 (i.e., Significant diversification). The correlation of NV5 Global 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.

NV5 Global Correlation With Market

Significant diversification

The correlation between NV5 Global and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NV5 Global 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 NV5 Global. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

For information on how to trade NV5 Stock refer to our How to Trade NV5 Stock guide.

Moving together with NV5 Stock

0.73	ESOA	Energy Services	Pair Corr
0.81	EXPO	Exponent	Pair Corr
0.9	WLDN	Willdan Group Earnings Call This Week	Pair Corr
0.74	ACA	Arcosa Inc	Pair Corr
0.78	ACM	Aecom Technology	Pair Corr
0.68	EME	EMCOR Group	Pair Corr
0.73	FGL	Founder Group Limited	Pair Corr
0.75	FLR	Fluor	Pair Corr
0.88	GVA	Granite Construction	Pair Corr
0.7	KBR	KBR Inc	Pair Corr
0.63	PWR	Quanta Services	Pair Corr
0.7	SKK	PROSHARES ULTRASHORT	Pair Corr
0.83	STN	Stantec	Pair Corr
0.88	TPC	Tutor Perini	Pair Corr
0.64	GLDD	Great Lakes Dredge	Pair Corr
0.7	IESC	IES Holdings	Pair Corr
0.71	JUNE	Junee Limited Ordinary	Pair Corr
0.71	RITR	Reitar Logtech Holdings	Pair Corr
0.79	ROAD	Construction Partners	Pair Corr
0.7	AGFY	Agrify Corp Upward Rally	Pair Corr
0.79	AMRC	Ameresco	Pair Corr
0.77	STRL	Sterling Construction	Pair Corr

Moving against NV5 Stock

0.62	VATE	Innovate Corp Earnings Call This Week	Pair Corr
0.33	MTRX	Matrix Service	Pair Corr
0.91	BA	Boeing	Pair Corr
0.62	BZ	Kanzhun Ltd ADR	Pair Corr
0.56	BBCP	Concrete Pumping Holdings Earnings Call This Week	Pair Corr
0.56	EH	Ehang Holdings Buyout Trend	Pair Corr
0.5	AP	Ampco Pittsburgh	Pair Corr
0.41	CNTM	ConnectM Technology Symbol Change	Pair Corr
0.38	DE	Deere Company	Pair Corr
0.31	CP	Canadian Pacific Railway	Pair Corr

Related Correlations Analysis

	EME	FIX	PRIM	GVA	ROAD	MYRG	GLDD	KBR	MTRX	BLD
EME		0.96	0.93	0.86	0.78	0.72	0.81	0.82	0.0	0.7	EME
FIX	0.96		0.94	0.78	0.7	0.73	0.79	0.74	0.12	0.69	FIX
PRIM	0.93	0.94		0.77	0.75	0.76	0.83	0.78	0.02	0.57	PRIM
GVA	0.86	0.78	0.77		0.9	0.78	0.82	0.81	-0.12	0.85	GVA
ROAD	0.78	0.7	0.75	0.9		0.87	0.84	0.89	-0.38	0.65	ROAD
MYRG	0.72	0.73	0.76	0.78	0.87		0.84	0.74	-0.25	0.53	MYRG
GLDD	0.81	0.79	0.83	0.82	0.84	0.84		0.86	-0.13	0.64	GLDD
KBR	0.82	0.74	0.78	0.81	0.89	0.74	0.86		-0.38	0.63	KBR
MTRX	0.0	0.12	0.02	-0.12	-0.38	-0.25	-0.13	-0.38		0.15	MTRX
BLD	0.7	0.69	0.57	0.85	0.65	0.53	0.64	0.63	0.15		BLD
	EME	FIX	PRIM	GVA	ROAD	MYRG	GLDD	KBR	MTRX	BLD

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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

FIX	+ 0.96	EME
PRIM	+ 0.94	FIX
PRIM	+ 0.93	EME
ROAD	+ 0.9	GVA
KBR	+ 0.89	ROAD
MYRG	+ 0.87	ROAD

High negative correlations

MTRX	- 0.38	KBR
MTRX	- 0.38	ROAD
MTRX	- 0.25	MYRG
MTRX	- 0.13	GLDD
MTRX	- 0.12	GVA
MTRX	- 0.0	EME

Risk-Adjusted Indicators

There is a big difference between NV5 Stock performing well and NV5 Global 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 NV5 Global'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
EME	1.81	(0.31)	0.00	16.59	0.00	0.00	2.62	(4.35)	24.49
FIX	2.45	(0.22)	0.00	(1.41)	0.00	0.00	5.20	(6.52)	31.92
PRIM	2.22	(0.12)	0.00	0.45	0.00	0.00	4.19	(4.18)	25.01
GVA	1.14	(0.24)	0.00	(1.05)	0.00	0.00	1.73	(2.60)	8.39
ROAD	2.11	(0.36)	0.00	6.43	0.00	0.00	4.28	(5.81)	17.06
MYRG	2.05	(0.20)	0.00	0.84	0.00	0.00	4.57	(5.49)	18.19
GLDD	1.98	(0.52)	0.00	(5.91)	0.00	0.00	2.98	(5.01)	22.28
KBR	1.23	(0.29)	0.00	(0.36)	0.00	0.00	2.29	(3.04)	7.78
MTRX	2.03	0.11	0.04	0.20	2.62	(2.14)	4.24	(4.98)	13.55
BLD	1.70	(0.18)	0.00	(0.13)	0.00	0.00	3.27	(4.05)	14.85

NV5 Global Corporate Management

Todd George	Chief West	Profile
Carl PE	Chief Officer	Profile
Edward Codispoti	Chief Officer	Profile
Ben Heraud	CoChief Officer	Profile

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