Sterling Construction Correlations

STRL Stock

USD 108.65 7.64 6.57%

The current 90-days correlation between Sterling Construction and Primoris Services is -0.02 (i.e., Good 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

Significant diversification

The correlation between Sterling Construction and DJI is 0.06 (i.e., Significant 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

0.67	J	Jacobs Solutions	Pair Corr
0.8	ESOA	Energy Services	Pair Corr
0.73	EXPO	Exponent	Pair Corr
0.88	WLDN	Willdan Group Earnings Call This Week	Pair Corr
0.88	ACM	Aecom Technology	Pair Corr
0.86	EME	EMCOR Group Earnings Call Today	Pair Corr
0.8	FIX	Comfort Systems USA	Pair Corr
0.91	FLR	Fluor	Pair Corr
0.85	GVA	Granite Construction	Pair Corr
0.9	KBR	KBR Inc	Pair Corr
0.9	PWR	Quanta Services	Pair Corr
0.68	STN	Stantec Earnings Call Today	Pair Corr
0.81	TPC	Tutor Perini Earnings Call Today	Pair Corr
0.85	GLDD	Great Lakes Dredge	Pair Corr
0.75	IESC	IES Holdings	Pair Corr
0.82	MYRG	MYR Group Earnings Call Today	Pair Corr
0.76	NVEE	NV5 Global	Pair Corr
0.79	PRIM	Primoris Services Upward Rally	Pair Corr
0.74	RITR	Reitar Logtech Holdings	Pair Corr
0.88	ROAD	Construction Partners	Pair Corr
0.82	AMRC	Ameresco Earnings Call Today	Pair Corr

Moving against Sterling Stock

0.68	VATE	Innovate Corp Earnings Call This Week	Pair Corr
0.47	WLGS	Wang Lee Group,	Pair Corr
0.31	APG	Api Group Corp Earnings Call Today	Pair Corr
0.76	EH	Ehang Holdings	Pair Corr
0.72	BZ	Kanzhun Ltd ADR	Pair Corr
0.68	BA	Boeing	Pair Corr
0.51	DE	Deere Company	Pair Corr
0.46	BBCP	Concrete Pumping Holdings Earnings Call This Week	Pair Corr
0.4	AZ	A2Z Smart Technologies Tech Boost	Pair Corr
0.34	CP	Canadian Pacific Railway	Pair Corr

Related Correlations Analysis

	EME	FIX	PRIM	GVA	ROAD	MYRG	TPC	MTRX	APG	GLDD
EME		0.96	0.93	0.86	0.78	0.72	0.84	0.0	-0.21	0.81	EME
FIX	0.96		0.94	0.78	0.7	0.73	0.74	0.12	-0.08	0.79	FIX
PRIM	0.93	0.94		0.77	0.75	0.76	0.71	0.02	-0.23	0.83	PRIM
GVA	0.86	0.78	0.77		0.9	0.78	0.92	-0.12	-0.08	0.82	GVA
ROAD	0.78	0.7	0.75	0.9		0.87	0.79	-0.38	-0.22	0.84	ROAD
MYRG	0.72	0.73	0.76	0.78	0.87		0.66	-0.25	-0.09	0.84	MYRG
TPC	0.84	0.74	0.71	0.92	0.79	0.66		-0.1	-0.17	0.76	TPC
MTRX	0.0	0.12	0.02	-0.12	-0.38	-0.25	-0.1		0.42	-0.13	MTRX
APG	-0.21	-0.08	-0.23	-0.08	-0.22	-0.09	-0.17	0.42		-0.34	APG
GLDD	0.81	0.79	0.83	0.82	0.84	0.84	0.76	-0.13	-0.34		GLDD
	EME	FIX	PRIM	GVA	ROAD	MYRG	TPC	MTRX	APG	GLDD

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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
TPC	+ 0.92	GVA
ROAD	+ 0.9	GVA
MYRG	+ 0.87	ROAD

High negative correlations

MTRX	- 0.38	ROAD
GLDD	- 0.34	APG
MTRX	- 0.25	MYRG
APG	- 0.23	PRIM
APG	- 0.22	ROAD
APG	- 0.21	EME

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 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
MYRG	2.05	(0.20)	0.00	(0.20)	0.00	0.00	4.57	(5.49)	18.19
TPC	1.92	(0.39)	0.00	(0.40)	0.00	0.00	3.38	(5.33)	14.45
MTRX	2.03	0.10	0.04	0.08	2.62	(2.14)	4.24	(4.98)	13.55
APG	1.20	0.18	0.11	0.75	1.28	(1.30)	3.25	(2.67)	10.43
GLDD	1.98	(0.53)	0.00	(0.78)	0.00	0.00	2.98	(5.01)	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 Villaverde	CFO Officer	Profile
	Ronald Ballschmiede	CFO and Executive VP	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