Aecom Technology Correlations

ACM Stock

USD 112.56 3.09 2.82%

The current 90-days correlation between Aecom Technology and Quanta Services is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aecom Technology moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aecom Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Aecom Technology Correlation With Market

Poor diversification

The correlation between Aecom Technology and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aecom Technology and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Aecom Technology. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Aecom Stock, please use our How to Invest in Aecom Technology guide.

Moving together with Aecom Stock

0.93	J	Jacobs Solutions	Pair Corr
0.68	ESOA	Energy Services Fiscal Year End 16th of December 2024	Pair Corr
0.9	WLGS	Wang Lee Group,	Pair Corr
0.89	ACA	Arcosa Inc	Pair Corr
0.93	AGX	Argan Inc	Pair Corr
0.92	EME	EMCOR Group	Pair Corr
0.91	FIX	Comfort Systems USA	Pair Corr
0.8	FLR	Fluor	Pair Corr
0.89	GVA	Granite Construction	Pair Corr
0.91	MTZ	MasTec Inc	Pair Corr
0.94	PWR	Quanta Services	Pair Corr
0.89	TPC	Tutor Perini	Pair Corr
0.95	GLDD	Great Lakes Dredge	Pair Corr
0.94	IESC	IES Holdings	Pair Corr
0.86	MTRX	Matrix Service	Pair Corr
0.9	MYRG	MYR Group	Pair Corr
0.87	PRIM	Primoris Services	Pair Corr
0.9	ROAD	Construction Partners Earnings Call This Week	Pair Corr
0.92	STRL	Sterling Construction	Pair Corr

Moving against Aecom Stock

0.82	SHIM	Shimmick Common	Pair Corr
0.69	SLND	Southland Holdings	Pair Corr
0.68	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.37	AP	Ampco Pittsburgh	Pair Corr

Related Correlations Analysis

	PWR	KBR	FLR	TTEK	MTRX	MYRG	EME	STN	FIX	J
PWR		0.26	0.7	0.03	0.91	0.85	0.95	0.55	0.97	0.89	PWR
KBR	0.26		0.47	0.78	0.06	0.22	0.15	0.51	0.2	0.54	KBR
FLR	0.7	0.47		0.21	0.53	0.73	0.63	0.75	0.64	0.8	FLR
TTEK	0.03	0.78	0.21		-0.19	-0.14	-0.13	0.18	-0.09	0.29	TTEK
MTRX	0.91	0.06	0.53	-0.19		0.83	0.95	0.31	0.94	0.75	MTRX
MYRG	0.85	0.22	0.73	-0.14	0.83		0.91	0.54	0.87	0.82	MYRG
EME	0.95	0.15	0.63	-0.13	0.95	0.91		0.44	0.98	0.82	EME
STN	0.55	0.51	0.75	0.18	0.31	0.54	0.44		0.51	0.6	STN
FIX	0.97	0.2	0.64	-0.09	0.94	0.87	0.98	0.51		0.83	FIX
J	0.89	0.54	0.8	0.29	0.75	0.82	0.82	0.6	0.83		J
	PWR	KBR	FLR	TTEK	MTRX	MYRG	EME	STN	FIX	J

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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

FIX	+ 0.98	EME
FIX	+ 0.97	PWR
EME	+ 0.95	PWR
EME	+ 0.95	MTRX
FIX	+ 0.94	MTRX
MTRX	+ 0.91	PWR

High negative correlations

MTRX	- 0.19	TTEK
MYRG	- 0.14	TTEK
EME	- 0.13	TTEK
FIX	- 0.09	TTEK

Risk-Adjusted Indicators

There is a big difference between Aecom Stock performing well and Aecom Technology 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 Aecom Technology'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
PWR	1.20	0.25	0.15	0.31	1.39	(1.40)	3.23	(1.75)	9.70
KBR	1.28	(0.30)	0.00	(0.13)	0.00	0.00	1.98	(3.09)	16.92
FLR	1.80	0.00	0.02	0.09	2.80	(2.08)	3.57	(2.65)	21.78
TTEK	1.31	(0.20)	0.00	22.32	0.00	0.00	2.80	(2.30)	17.66
MTRX	2.09	0.36	0.25	0.24	1.58	(2.68)	5.19	(2.63)	19.14
MYRG	2.00	0.40	0.20	0.32	1.84	(2.34)	4.73	(3.54)	17.58
EME	1.36	0.39	0.20	0.33	1.66	(1.58)	3.31	(1.64)	11.32
STN	0.91	(0.02)	(0.05)	0.05	1.21	(0.94)	2.67	(1.51)	7.71
FIX	1.86	0.40	0.14	0.27	2.85	(2.00)	5.28	(2.23)	17.05
J	1.03	0.03	0.02	0.11	1.65	(1.02)	2.41	(1.97)	9.97

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