Tetra Tech Correlations

TTEK Stock

USD 30.35 0.63 2.12%

The current 90-days correlation between Tetra Tech and Jacobs Solutions is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tetra Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tetra Tech moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tetra Tech. 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 more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.

Moving together with Tetra Stock

0.9	BV	BrightView Holdings	Pair Corr
0.69	NL	NL Industries	Pair Corr
0.94	DLHC	DLH Holdings Corp	Pair Corr
0.89	VCIG	VCI Global Limited	Pair Corr
0.82	VLTO	Veralto	Pair Corr
0.79	EXPO	Exponent	Pair Corr
0.8	AXR	AMREP	Pair Corr
0.87	BTM	Bitcoin Depot	Pair Corr
0.73	CIX	CompX International	Pair Corr
0.88	FORR	Forrester Research	Pair Corr
0.8	CLH	Clean Harbors	Pair Corr
0.9	CXW	CoreCivic	Pair Corr
0.92	DLX	Deluxe	Pair Corr
0.84	DNB	Dun Bradstreet Holdings	Pair Corr
0.65	EFX	Equifax	Pair Corr

Moving against Tetra Stock

0.94	KC	Kingsoft Cloud Holdings Earnings Call Today	Pair Corr
0.89	WM	Waste Management	Pair Corr
0.87	G	Genpact Limited	Pair Corr
0.86	VRSK	Verisk Analytics	Pair Corr
0.84	LZ	LegalZoom	Pair Corr
0.67	MG	Mistras Group	Pair Corr
0.52	BR	Broadridge Financial	Pair Corr
0.46	VSEC	VSE Corporation	Pair Corr
0.4	EXLS	ExlService Holdings	Pair Corr
0.34	ESGL	ESGL Holdings Limited	Pair Corr
0.9	GDS	GDS Holdings Earnings Call This Week	Pair Corr
0.62	GFL	Gfl Environmental	Pair Corr
0.61	KAR	KAR Auction Services	Pair Corr
0.38	EBF	Ennis Inc	Pair Corr

Related Correlations Analysis

	J	KBR	FLR	BLD	FIX	MYRG	GVA	DY	MTZ	APG
J		0.78	0.88	0.79	0.9	0.84	0.89	0.82	0.85	0.12	J
KBR	0.78		0.9	0.62	0.84	0.86	0.8	0.6	0.72	-0.27	KBR
FLR	0.88	0.9		0.74	0.92	0.97	0.92	0.76	0.78	-0.03	FLR
BLD	0.79	0.62	0.74		0.77	0.69	0.74	0.72	0.67	0.31	BLD
FIX	0.9	0.84	0.92	0.77		0.87	0.89	0.84	0.93	0.11	FIX
MYRG	0.84	0.86	0.97	0.69	0.87		0.93	0.72	0.72	0.03	MYRG
GVA	0.89	0.8	0.92	0.74	0.89	0.93		0.83	0.82	0.2	GVA
DY	0.82	0.6	0.76	0.72	0.84	0.72	0.83		0.87	0.31	DY
MTZ	0.85	0.72	0.78	0.67	0.93	0.72	0.82	0.87		0.13	MTZ
APG	0.12	-0.27	-0.03	0.31	0.11	0.03	0.2	0.31	0.13		APG
	J	KBR	FLR	BLD	FIX	MYRG	GVA	DY	MTZ	APG

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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

MYRG	+ 0.97	FLR
MTZ	+ 0.93	FIX
GVA	+ 0.93	MYRG
FIX	+ 0.92	FLR
GVA	+ 0.92	FLR
FIX	+ 0.9	J

High negative correlations

APG	- 0.27	KBR
APG	- 0.03	FLR

Risk-Adjusted Indicators

There is a big difference between Tetra Stock performing well and Tetra Tech 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 Tetra Tech'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
J	0.89	(0.09)	(0.24)	1.46	(2.16)	5.32
KBR	1.31	(0.15)	(0.31)	2.14	(3.05)	7.77
FLR	2.13	(0.45)	(0.51)	3.51	(5.27)	21.29
BLD	1.53	(0.18)	(0.25)	3.23	(3.75)	11.12
FIX	2.72	(0.22)	(0.26)	5.05	(5.90)	31.92
MYRG	2.45	(0.23)	(0.33)	4.97	(5.73)	18.19
GVA	1.34	(0.31)	(0.44)	2.03	(2.86)	8.39
DY	2.03	(0.08)	(0.17)	4.93	(4.95)	13.28
MTZ	2.37	0.03	(0.07)	4.79	(4.71)	22.88
APG	1.38	(0.01)	(0.11)	3.25	(3.14)	12.53

Tetra Tech Corporate Executives

Elected by the shareholders, the Tetra Tech's board of directors comprises two types of representatives: Tetra Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tetra. The board's role is to monitor Tetra Tech's management team and ensure that shareholders' interests are well served. Tetra Tech'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, Tetra Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Steven Burdick	CFO, Executive VP and Treasurer	Profile
	Steven CPA	CFO VP	Profile

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