Sterling Construction Correlations
| UAO Stock | EUR 116.50 0.95 0.82% |
The current 90-days correlation between Sterling Construction and Ubisoft Entertainment SA is -0.23 (i.e., Very good diversification). The correlation of Sterling Construction 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.
Sterling Construction Correlation With Market
Significant diversification
The correlation between Sterling Construction and DJI is 0.01 (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.
Sterling |
The ability to find closely correlated positions to Sterling Construction could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sterling Construction when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Sterling Construction - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Sterling Construction to buy it.
Moving together with Sterling Stock
| 0.82 | LTO | Larsen Toubro Limited | PairCorr |
| 0.62 | E6Z | AECOM | PairCorr |
| 0.76 | PJM | PT Bumi Resources | PairCorr |
| 0.66 | BYRA | PT Bank Rakyat | PairCorr |
| 0.73 | OB8 | PT Barito Pacific | PairCorr |
| 0.85 | DBPD | Xtrackers ShortDAX | PairCorr |
Moving against Sterling Stock
| 0.56 | SQU | Vinci S A | PairCorr |
| 0.55 | BYG | Big Yellow Group | PairCorr |
| 0.54 | ICK | Industrial and Commercial Earnings Call Today | PairCorr |
| 0.48 | C6T | China Construction Bank Earnings Call Tomorrow | PairCorr |
| 0.33 | NVPJ | TMBThanachart Bank Public | PairCorr |
| 0.9 | 5TP | BLUE LABEL | PairCorr |
| 0.89 | 3RE | Rejlerkoncernen AB | PairCorr |
| 0.87 | BSN | Danone SA | PairCorr |
| 0.85 | DBPE | Xtrackers LevDAX | PairCorr |
| 0.83 | TKA | thyssenkrupp AG | PairCorr |
| 0.83 | BY6A | BYD Limited | PairCorr |
| 0.83 | KEI | KEISEI EL RAILWAY Split | PairCorr |
| 0.82 | TLLB | Trelleborg AB | PairCorr |
| 0.78 | JYS1 | JYSKE BANK | PairCorr |
| 0.76 | BRH | Berkshire Hathaway | PairCorr |
| 0.76 | E908 | Lyxor 1 | PairCorr |
| 0.68 | SOBA | ATT Inc | PairCorr |
| 0.67 | HUKI | HUHTAMAKI | PairCorr |
| 0.65 | ROM | Rohm Co | PairCorr |
| 0.55 | MRG | Outcrop Silver Gold | PairCorr |
| 0.39 | T62 | TOHO ZINC LTD | PairCorr |
Related Correlations Analysis
| 0.4 | -0.09 | -0.29 | -0.13 | 0.41 | UEN | ||
| 0.4 | 0.32 | -0.38 | -0.39 | 0.62 | FXL | ||
| -0.09 | 0.32 | -0.06 | -0.03 | 0.36 | ALG | ||
| -0.29 | -0.38 | -0.06 | 0.59 | -0.54 | AVLA | ||
| -0.13 | -0.39 | -0.03 | 0.59 | -0.7 | LDD | ||
| 0.41 | 0.62 | 0.36 | -0.54 | -0.7 | PSMA | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UEN | 2.25 | 0.05 | 0.03 | (0.32) | 2.76 | 5.00 | 15.23 | |||
| FXL | 0.97 | 0.07 | 0.07 | 0.30 | 1.03 | 2.16 | 6.37 | |||
| ALG | 0.17 | (0.03) | 0.00 | 0.69 | 0.00 | 0.00 | 5.76 | |||
| AVLA | 1.29 | (0.10) | 0.00 | (0.83) | 0.00 | 2.23 | 11.61 | |||
| LDD | 3.34 | (0.54) | 0.00 | 2.89 | 0.00 | 8.05 | 29.16 | |||
| PSMA | 2.03 | 0.36 | 0.17 | 2.41 | 1.79 | 5.30 | 15.34 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sterling Construction without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Sterling Construction Corporate Management
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.
| Con Wadsworth | Pres Segment | Profile | |
| Joseph Cutillo | Pres CEO | Profile | |
| Kate Sberna | VP Officer | Profile | |
| Mark Wolf | Corp Counsel | Profile | |
| Jennifer Maxwell | Director Relations | Profile | |
| Ronald Ballschmiede | CFO, VP | Profile | |
| Kevan Blair | Sr Fin | Profile |