Primoris Services Correlations

1PM Stock

EUR 127.00 2.00 1.55%

The current 90-days correlation between Primoris Services and Grupo Aval Acciones is 0.12 (i.e., Average diversification). The correlation of Primoris Services 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.

Primoris Services Correlation With Market

Poor diversification

The correlation between Primoris Services and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Primoris Services and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Primoris Services could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Primoris Services 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 Primoris Services - 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 Primoris Services to buy it.

Moving together with Primoris Stock

0.65	32GA	Thunderbird Entertainment	Pair Corr
0.72	UK8	CubeSmart	Pair Corr
0.79	SHF	SNP Schneider Neurei	Pair Corr
0.75	D2G	Orsted AS	Pair Corr
0.72	4OQ1	AGNC Investment Corp	Pair Corr
0.63	NZR	NZ REFINING CO	Pair Corr
0.86	OCBA	Oversea Chinese Banking	Pair Corr
0.72	KPN	Koninklijke KPN NV	Pair Corr
0.81	NE0	NEXA RESOURCES SA	Pair Corr
0.83	LTT	Lattice Semiconductor	Pair Corr
0.79	KSB	KSB SE	Pair Corr
0.76	KIN2	Kinross Gold	Pair Corr
0.62	30Z0	IPERIONX LTD SPADR10	Pair Corr
0.84	2X0	Corteva	Pair Corr
0.87	TWZ	Trican Well Service	Pair Corr
0.74	C43	Cosmo Pharmaceuticals Earnings Call This Week	Pair Corr
0.88	CHV	Chevron	Pair Corr
0.76	LU2	Lumentum Holdings	Pair Corr

Moving against Primoris Stock

0.88	MBJ	MBIA	Pair Corr
0.87	IB5A	I CABLE M	Pair Corr
0.67	MBJ	MBIA Inc	Pair Corr
0.63	TUUF	Solartron Public	Pair Corr
0.62	BT3	BIOTIME Earnings Call This Week	Pair Corr
0.61	0S6	Cerence	Pair Corr
0.54	AJW	ANGES MG	Pair Corr
0.48	777	EUROSPORTS GLOBAL LTD	Pair Corr
0.36	TLIK	TELES Informationstech	Pair Corr
0.67	DBPD	Xtrackers ShortDAX	Pair Corr

Related Correlations Analysis

	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	LFL0	2WGA	BSA	JSE
PQ90		0.33	-0.12	-0.07	0.41	0.43	0.06	0.48	0.22	0.45	PQ90
PQ9	0.33		0.15	-0.14	0.3	0.3	0.02	0.37	0.12	0.31	PQ9
BYRA	-0.12	0.15		0.44	0.31	0.27	0.43	0.28	0.44	0.32	BYRA
6GAA	-0.07	-0.14	0.44		0.32	0.33	0.81	0.27	0.73	0.42	6GAA
KSF1	0.41	0.3	0.31	0.32		0.97	0.49	0.96	0.71	0.85	KSF1
KBIA	0.43	0.3	0.27	0.33	0.97		0.51	0.97	0.72	0.89	KBIA
LFL0	0.06	0.02	0.43	0.81	0.49	0.51		0.46	0.91	0.71	LFL0
2WGA	0.48	0.37	0.28	0.27	0.96	0.97	0.46		0.69	0.87	2WGA
BSA	0.22	0.12	0.44	0.73	0.71	0.72	0.91	0.69		0.85	BSA
JSE	0.45	0.31	0.32	0.42	0.85	0.89	0.71	0.87	0.85		JSE
	PQ90	PQ9	BYRA	6GAA	KSF1	KBIA	LFL0	2WGA	BSA	JSE

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

KBIA	+ 0.97	KSF1
2WGA	+ 0.97	KBIA
2WGA	+ 0.96	KSF1
BSA	+ 0.91	LFL0
JSE	+ 0.89	KBIA
JSE	+ 0.87	2WGA

High negative correlations

6GAA	- 0.14	PQ9
BYRA	- 0.12	PQ90
6GAA	- 0.07	PQ90

Risk-Adjusted Indicators

There is a big difference between Primoris Stock performing well and Primoris Services 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 Primoris Services' 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
PQ90	2.99	0.27	0.04	(8.27)	3.95	(3.93)	11.49	(9.09)	42.92
PQ9	5.87	0.93	0.06	(0.26)	6.31	(11.49)	18.18	(14.29)	40.26
BYRA	3.54	0.15	0.02	0.25	3.96	(7.53)	11.11	(10.00)	26.67
6GAA	1.88	0.08	0.02	0.23	2.09	(2.34)	5.32	(4.11)	20.38
KSF1	1.98	0.39	0.15	1.36	1.91	(2.47)	5.33	(3.37)	12.73
KBIA	1.70	0.50	0.21	145.87	1.37	(2.38)	4.81	(2.63)	11.24
LFL0	2.00	0.29	0.09	1.66	2.21	(2.38)	3.85	(4.39)	13.43
2WGA	2.53	0.58	0.15	(5.75)	2.71	(3.10)	5.88	(6.15)	19.36
BSA	2.05	0.25	0.06	1.03	2.68	(2.20)	4.38	(4.51)	14.55
JSE	1.14	0.32	0.16	1.38	1.12	(1.43)	2.65	(1.87)	7.34

Be your own money manager

Our tools can tell you how much better you can do entering a position in Primoris Services 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?

Run Watchlist Optimization Now

Watchlist Optimization

Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm

All Next

Launch Module

Primoris Services Corporate Executives

Elected by the shareholders, the Primoris Services' board of directors comprises two types of representatives: Primoris Services inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Primoris. The board's role is to monitor Primoris Services' management team and ensure that shareholders' interests are well served. Primoris Services' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Primoris Services' outside directors are responsible for providing unbiased perspectives on the board's policies.

Kenneth CPA

Executive CFO

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

2026 Macroaxis LLC