NV5 Global Correlations

NVEE Stock

USD 18.86 0.58 3.17%

The current 90-days correlation between NV5 Global and MYR Group is 0.11 (i.e., Average 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

Average diversification

The correlation between NV5 Global and DJI is 0.19 (i.e., Average 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

0.81	ESOA	Energy Services	Pair Corr
0.68	ACM	Aecom Technology	Pair Corr
0.68	FGL	Founder Group Limited	Pair Corr
0.71	FLR	Fluor	Pair Corr
0.63	PWR	Quanta Services	Pair Corr
0.64	GLDD	Great Lakes Dredge	Pair Corr
0.73	MYRG	MYR Group	Pair Corr
0.75	PGHL	Primega Group Holdings	Pair Corr
0.77	RITR	Reitar Logtech Holdings	Pair Corr
0.73	ROAD	Construction Partners	Pair Corr
0.61	AMRC	Ameresco Buyout Trend	Pair Corr
0.63	SHIM	Shimmick Common	Pair Corr
0.72	STRL	Sterling Construction	Pair Corr
0.72	BWMN	Bowman Consulting	Pair Corr
0.74	CDLR	Cadeler AS Earnings Call This Week	Pair Corr

Moving against NV5 Stock

0.53	VATE	Innovate Corp	Pair Corr
0.45	WLGS	Wang Lee Group, Trending	Pair Corr
0.71	G	Genpact Limited	Pair Corr
0.56	DE	Deere Company	Pair Corr
0.34	BR	Broadridge Financial	Pair Corr

Related Correlations Analysis

	EME	FIX	PRIM	GVA	ROAD	MYRG	GLDD	KBR	MTRX	BLD
EME		0.99	0.97	0.91	0.86	0.89	0.9	0.87	0.39	0.72	EME
FIX	0.99		0.96	0.89	0.83	0.87	0.89	0.84	0.45	0.77	FIX
PRIM	0.97	0.96		0.9	0.85	0.88	0.89	0.83	0.36	0.66	PRIM
GVA	0.91	0.89	0.9		0.88	0.93	0.9	0.8	0.36	0.74	GVA
ROAD	0.86	0.83	0.85	0.88		0.94	0.91	0.92	0.08	0.59	ROAD
MYRG	0.89	0.87	0.88	0.93	0.94		0.93	0.86	0.21	0.69	MYRG
GLDD	0.9	0.89	0.89	0.9	0.91	0.93		0.9	0.32	0.72	GLDD
KBR	0.87	0.84	0.83	0.8	0.92	0.86	0.9		0.09	0.62	KBR
MTRX	0.39	0.45	0.36	0.36	0.08	0.21	0.32	0.09		0.59	MTRX
BLD	0.72	0.77	0.66	0.74	0.59	0.69	0.72	0.62	0.59		BLD
	EME	FIX	PRIM	GVA	ROAD	MYRG	GLDD	KBR	MTRX	BLD

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 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	2.08	(0.16)	0.00	(0.25)	0.00	0.00	4.09	(4.35)	24.49
FIX	2.72	(0.22)	0.00	(0.26)	0.00	0.00	5.05	(5.90)	31.92
PRIM	2.54	(0.13)	0.00	(0.21)	0.00	0.00	4.65	(4.49)	25.01
GVA	1.34	(0.31)	0.00	(0.44)	0.00	0.00	2.03	(2.86)	8.39
ROAD	2.17	(0.33)	0.00	(0.50)	0.00	0.00	4.28	(5.81)	16.21
MYRG	2.45	(0.23)	0.00	(0.33)	0.00	0.00	4.97	(5.73)	18.19
GLDD	2.43	(0.35)	0.00	(0.37)	0.00	0.00	3.49	(5.61)	22.28
KBR	1.31	(0.15)	0.00	(0.31)	0.00	0.00	2.14	(3.05)	7.77
MTRX	2.28	0.16	0.05	0.04	2.89	(2.48)	4.34	(5.17)	14.29
BLD	1.53	(0.18)	0.00	(0.25)	0.00	0.00	3.23	(3.75)	11.12

NV5 Global Corporate Management

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