Sterling Construction Correlations

Stocks . USA . 
Stock . Sterling Construction
STRL Stock  USD 133.95  7.32  5.78%   
The current 90-days correlation between Sterling Construction and Primoris Services is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sterling Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sterling Construction moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sterling Construction Correlation With Market

Good diversification

The correlation between Sterling Construction 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 Sterling Construction 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 Sterling Construction. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
For more information on how to buy Sterling Stock please use our How to buy in Sterling Stock guide.

Moving together with Sterling Stock

  0.7J Jacobs SolutionsPairCorr
  0.61DY Dycom IndustriesPairCorr
  0.93ESOA Energy ServicesPairCorr
  0.78ACM Aecom TechnologyPairCorr
  0.85AGX Argan IncPairCorr
  0.83EME EMCOR GroupPairCorr
  0.69FGL Founder Group LimitedPairCorr
  0.81FIX Comfort Systems USAPairCorr
  0.92FLR FluorPairCorr
  0.72GVA Granite ConstructionPairCorr
  0.77LMB Limbach HoldingsPairCorr
  0.87MTZ MasTec IncPairCorr
  0.95PWR Quanta ServicesPairCorr
  0.81SKK PROSHARES ULTRASHORTPairCorr
  0.79GLDD Great Lakes DredgePairCorr
  0.84IESC IES HoldingsPairCorr
  0.72MYRG MYR GroupPairCorr
  0.84PGHL Primega Group HoldingsPairCorr
  0.81PRIM Primoris ServicesPairCorr
  0.68RITR Reitar Logtech HoldingsPairCorr
  0.78ROAD Construction PartnersPairCorr
  0.66AGFY Agrify CorpPairCorr
  0.79AMRC AmerescoPairCorr
  0.83SHIM Shimmick CommonPairCorr
  0.74BWMN Bowman ConsultingPairCorr

Moving against Sterling Stock

  0.42STN StantecPairCorr
  0.4VATE Innovate CorpPairCorr
  0.38JUNE Junee Limited Ordinary TrendingPairCorr
  0.74EH Ehang HoldingsPairCorr
  0.66G Genpact LimitedPairCorr
  0.65DE Deere CompanyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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
PRIM
+ 0.97
EME
PRIM
+ 0.96
FIX
MYRG
+ 0.94
ROAD
GLDD
+ 0.94
MYRG
GVA
+ 0.93
PRIM
  
High negative correlations   
APG
- 0.19
TPC
APG
- 0.18
ROAD
MTRX
- 0.17
TPC
GLDD
- 0.16
APG
APG
- 0.07
MYRG
TPC
- 0.07
GVA

Risk-Adjusted Indicators

There is a big difference between Sterling Stock performing well and Sterling Construction 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 Sterling Construction'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EME  2.17 (0.15) 0.00 (0.16) 0.00 
 0.00 
 4.18 
(4.35)
 24.49 
FIX  2.86 (0.14) 0.00 (0.12) 0.00 
 0.00 
 5.49 
(5.90)
 31.92 
PRIM  2.51 (0.22) 0.00 (0.22) 0.00 
 0.00 
 4.65 
(4.49)
 25.01 
GVA  1.37 (0.23) 0.00 (0.26) 0.00 
 0.00 
 2.25 
(2.86)
 8.39 
ROAD  2.36 (0.20) 0.00 (0.22) 0.00 
 0.00 
 4.89 
(5.81)
 16.21 
MYRG  2.42 (0.31) 0.00 (0.32) 0.00 
 0.00 
 4.57 
(5.73)
 16.92 
TPC  2.85  0.14  0.02  0.02  3.34 
(3.19)
 3.85 
(5.60)
 42.81 
MTRX  2.44  0.08  0.02  0.02  2.98 
(2.72)
 4.96 
(5.17)
 14.29 
APG  1.42  0.07  0.04  0.06  1.86 
(1.47)
 3.39 
(3.14)
 12.53 
GLDD  2.43 (0.30) 0.00 (0.26) 0.00 
 0.00 
 3.70 
(5.27)
 22.28 

Sterling Construction Corporate Executives

Elected by the shareholders, the Sterling Construction's board of directors comprises two types of representatives: Sterling Construction inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sterling. The board's role is to monitor Sterling Construction's management team and ensure that shareholders' interests are well served. Sterling Construction's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sterling Construction's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sharon VillaverdeCFO OfficerProfile
Ronald BallschmiedeCFO and Executive VPProfile
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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY