Primoris Services Correlations
| 1PM Stock | EUR 124.00 2.00 1.64% |
The current 90-days correlation between Primoris Services and BANK RAKYAT IND is 0.03 (i.e., Significant 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 0.64 (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.
Primoris |
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
| 0.82 | 38I | Intellia Therapeutics | PairCorr |
| 0.76 | WWR | Woolworths Group | PairCorr |
| 0.88 | CU3 | Cohu Inc Earnings Call This Week | PairCorr |
| 0.75 | 6HS | Horseshoe Metals | PairCorr |
| 0.74 | NEF | NESTE OIL | PairCorr |
| 0.8 | SSU | Samsung Electronics | PairCorr |
| 0.77 | UEO | Westlake Chemical | PairCorr |
| 0.68 | ENI | Eni SpA | PairCorr |
| 0.66 | 2X0 | Corteva | PairCorr |
| 0.75 | 4OQ1 | AGNC Investment Corp | PairCorr |
| 0.86 | GCB | PTT Global Chemical | PairCorr |
| 0.68 | 8SF | SLIGRO FOOD GROUP | PairCorr |
| 0.71 | QIA | QIAGEN NV Split | PairCorr |
| 0.76 | GJ9 | SLC Agricola SA Split | PairCorr |
| 0.72 | ARW | Arrow Electronics | PairCorr |
| 0.73 | 4HF | Hoist Finance AB | PairCorr |
| 0.73 | H3M | Hochschild Mining plc | PairCorr |
Moving against Primoris Stock
| 0.79 | MBJ | MBIA | PairCorr |
| 0.54 | TLIK | TELES Informationstech | PairCorr |
| 0.49 | BT3 | BIOTIME | PairCorr |
| 0.45 | BDD | CONICO LTD Split | PairCorr |
| 0.62 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
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
|
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SSUN | 2.72 | 0.38 | 0.10 | 0.50 | 3.15 | 6.24 | 13.85 | |||
| SSU | 3.07 | 0.58 | 0.17 | 0.82 | 2.97 | 7.66 | 15.35 | |||
| SSU | 2.95 | 0.57 | 0.16 | 0.74 | 2.89 | 6.22 | 15.50 | |||
| SSUN | 2.74 | 0.41 | 0.10 | 0.75 | 3.22 | 6.04 | 14.66 | |||
| BZG2 | 4.51 | (1.74) | 0.00 | (1.05) | 0.00 | 7.14 | 107.89 | |||
| BZG2 | 3.32 | (1.60) | 0.00 | (177.61) | 0.00 | 0.00 | 103.08 | |||
| BZG2 | 3.29 | (1.67) | 0.00 | (1.14) | 0.00 | 2.56 | 103.23 | |||
| BYRA | 5.71 | (1.56) | 0.00 | (0.59) | 0.00 | 11.11 | 116.81 | |||
| BYRA | 3.58 | (1.42) | 0.00 | (1.11) | 0.00 | 5.00 | 111.26 | |||
| BYRA | 3.60 | (1.86) | 0.00 | (0.77) | 0.00 | 0.00 | 106.37 |
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 Sign In To Macroaxis Now
Sign In To MacroaxisSign in to explore Macroaxis' wealth optimization platform and fintech modules |
| 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 |