Api Group Correlations

APG Stock

USD 37.00 1.00 2.78%

The current 90-days correlation between Api Group Corp and Topbuild Corp is 0.3 (i.e., Weak diversification). The correlation of Api Group 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.

Api Group Correlation With Market

Very weak diversification

The correlation between Api Group Corp and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Group Corp 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 Api Group Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Api Stock

0.67	ESOA	Energy Services Fiscal Year End 16th of December 2024	Pair Corr
0.78	ORN	Orion Group Holdings	Pair Corr

Moving against Api Stock

0.49	AMRC	Ameresco	Pair Corr
0.34	SLND	Southland Holdings	Pair Corr
0.34	TTEK	Tetra Tech	Pair Corr

Related Correlations Analysis

	BLD	MYRG	FIX	ROAD	PRIM	GVA	MTRX	ACA	EME	DY
BLD		-0.44	-0.16	-0.36	-0.41	-0.41	-0.2	-0.18	-0.25	0.37	BLD
MYRG	-0.44		0.87	0.93	0.96	0.95	0.83	0.9	0.91	0.19	MYRG
FIX	-0.16	0.87		0.91	0.9	0.91	0.94	0.92	0.98	0.52	FIX
ROAD	-0.36	0.93	0.91		0.95	0.96	0.88	0.93	0.95	0.34	ROAD
PRIM	-0.41	0.96	0.9	0.95		0.98	0.88	0.95	0.94	0.25	PRIM
GVA	-0.41	0.95	0.91	0.96	0.98		0.91	0.94	0.97	0.29	GVA
MTRX	-0.2	0.83	0.94	0.88	0.88	0.91		0.9	0.95	0.49	MTRX
ACA	-0.18	0.9	0.92	0.93	0.95	0.94	0.9		0.95	0.34	ACA
EME	-0.25	0.91	0.98	0.95	0.94	0.97	0.95	0.95		0.44	EME
DY	0.37	0.19	0.52	0.34	0.25	0.29	0.49	0.34	0.44		DY
	BLD	MYRG	FIX	ROAD	PRIM	GVA	MTRX	ACA	EME	DY

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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

EME	+ 0.98	FIX
GVA	+ 0.98	PRIM
EME	+ 0.97	GVA
PRIM	+ 0.96	MYRG
GVA	+ 0.96	ROAD
GVA	+ 0.95	MYRG

High negative correlations

MYRG	- 0.44	BLD
GVA	- 0.41	BLD
PRIM	- 0.41	BLD
ROAD	- 0.36	BLD
EME	- 0.25	BLD
MTRX	- 0.2	BLD

Risk-Adjusted Indicators

There is a big difference between Api Stock performing well and Api Group 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 Api Group'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
BLD	1.66	(0.20)	0.00	(0.07)	0.00	0.00	4.30	(3.89)	12.30
MYRG	2.00	0.40	0.20	0.32	1.84	(2.34)	4.73	(3.54)	17.58
FIX	1.86	0.40	0.14	0.27	2.85	(2.00)	5.28	(2.23)	17.05
ROAD	2.29	0.47	0.24	0.28	2.05	(2.78)	6.10	(3.32)	16.71
PRIM	1.79	0.49	0.27	0.33	1.70	(2.20)	4.15	(1.78)	17.09
GVA	1.08	0.40	0.40	0.42	0.46	(1.36)	2.88	(1.32)	6.13
MTRX	2.09	0.36	0.25	0.24	1.58	(2.68)	5.19	(2.63)	19.14
ACA	1.41	0.18	0.13	0.20	1.48	(1.57)	4.07	(2.32)	10.39
EME	1.36	0.39	0.20	0.33	1.66	(1.58)	3.31	(1.64)	11.32
DY	2.09	(0.17)	0.00	(0.14)	0.00	0.00	4.43	(3.85)	10.72

Api Group Corporate Management

Cyrus Walker	Independent Director	Profile
Adam Fee	Vice Relations	Profile
Kristina Morton	Senior Officer	Profile
Craig Fellman	Senior Leader	Profile
David Blitzer	Director	Profile
Mark Polovitz	Vice President Controller	Profile

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