Stantec Correlations

STN Stock

USD 83.74 7.37 9.65%

The current 90-days correlation between Stantec and EMCOR Group is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stantec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stantec moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stantec Correlation With Market

Weak diversification

The correlation between Stantec and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stantec and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stantec. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

To learn how to invest in Stantec Stock, please use our How to Invest in Stantec guide.

Moving together with Stantec Stock

0.71	BV	BrightView Holdings	Pair Corr
0.65	NL	NL Industries Earnings Call This Week	Pair Corr
0.67	VCIG	VCI Global Limited	Pair Corr
0.85	VIRC	Virco Manufacturing	Pair Corr
0.83	VLTO	Veralto	Pair Corr
0.82	VSEC	VSE Corporation Earnings Call This Week	Pair Corr
0.79	EXPO	Exponent	Pair Corr
0.86	WLDN	Willdan Group Earnings Call This Week	Pair Corr
0.89	ACU	Acme United Earnings Call Tomorrow	Pair Corr
0.7	BTM	Bitcoin Depot	Pair Corr
0.93	HNI	HNI Corp	Pair Corr
0.7	SOS	SOS Limited	Pair Corr
0.63	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.67	ZONE	CleanCore Solutions Buyout Trend	Pair Corr
0.64	IMXI	International Money	Pair Corr

Moving against Stantec Stock

0.63	KC	Kingsoft Cloud Holdings	Pair Corr
0.4	MG	Mistras Group Earnings Call This Week	Pair Corr
0.39	LZ	LegalZoom	Pair Corr
0.39	EXLS	ExlService Holdings Earnings Call Today	Pair Corr
0.31	G	Genpact Limited Sell-off Trend	Pair Corr
0.79	TOMZ	TOMI Environmental	Pair Corr
0.73	PYCR	Paycor HCM Sell-off Trend	Pair Corr
0.45	RECT	Rectitude Holdings	Pair Corr
0.4	LTBR	Lightbridge Corp Earnings Call Today	Pair Corr
0.38	IIIV	i3 Verticals	Pair Corr

Related Correlations Analysis

	EME	FIX	PRIM	GVA	ROAD	ACM	MYRG	BLD	APG	DY
EME		0.96	0.93	0.86	0.78	0.83	0.72	0.67	-0.21	0.46	EME
FIX	0.96		0.94	0.78	0.7	0.8	0.73	0.67	-0.08	0.55	FIX
PRIM	0.93	0.94		0.77	0.75	0.8	0.76	0.55	-0.23	0.47	PRIM
GVA	0.86	0.78	0.77		0.9	0.92	0.78	0.84	-0.08	0.35	GVA
ROAD	0.78	0.7	0.75	0.9		0.93	0.87	0.65	-0.22	0.14	ROAD
ACM	0.83	0.8	0.8	0.92	0.93		0.86	0.79	-0.17	0.3	ACM
MYRG	0.72	0.73	0.76	0.78	0.87	0.86		0.59	-0.09	0.23	MYRG
BLD	0.67	0.67	0.55	0.84	0.65	0.79	0.59		0.21	0.42	BLD
APG	-0.21	-0.08	-0.23	-0.08	-0.22	-0.17	-0.09	0.21		0.12	APG
DY	0.46	0.55	0.47	0.35	0.14	0.3	0.23	0.42	0.12		DY
	EME	FIX	PRIM	GVA	ROAD	ACM	MYRG	BLD	APG	DY

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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
ACM	+ 0.93	ROAD
ACM	+ 0.92	GVA
ROAD	+ 0.9	GVA

High negative correlations

APG	- 0.23	PRIM
APG	- 0.22	ROAD
APG	- 0.21	EME
APG	- 0.17	ACM
APG	- 0.09	MYRG
APG	- 0.08	GVA

Risk-Adjusted Indicators

There is a big difference between Stantec Stock performing well and Stantec 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 Stantec'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	(0.45)	0.00	0.00	2.62	(4.35)	24.49
FIX	2.45	(0.22)	0.00	(0.19)	0.00	0.00	5.20	(6.52)	31.92
PRIM	2.22	(0.12)	0.00	(0.11)	0.00	0.00	4.19	(4.18)	25.01
GVA	1.14	(0.25)	0.00	(0.30)	0.00	0.00	1.73	(2.60)	8.39
ROAD	2.11	(0.36)	0.00	(0.54)	0.00	0.00	4.28	(5.81)	17.06
ACM	0.98	(0.17)	0.00	(0.27)	0.00	0.00	2.46	(2.19)	6.47
MYRG	2.05	(0.20)	0.00	(0.20)	0.00	0.00	4.57	(5.49)	18.19
BLD	1.68	(0.17)	0.00	(0.11)	0.00	0.00	3.27	(4.05)	14.85
APG	1.20	0.18	0.11	0.75	1.28	(1.30)	3.25	(2.67)	10.43
DY	1.97	(0.17)	0.00	(0.25)	0.00	0.00	3.78	(4.75)	16.49

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