Everus Construction Correlations

ECG Stock

64.28 4.20 6.99%

The current 90-days correlation between Everus Construction and Beazer Homes USA is 0.04 (i.e., Significant diversification). The correlation of Everus 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.

Everus Construction Correlation With Market

Average diversification

The correlation between Everus Construction Group and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Everus Construction Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Everus Construction Group. 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.

Moving against Everus Stock

0.45	VATE	Innovate Corp Upward Rally	Pair Corr
0.38	FLR	Fluor	Pair Corr
0.33	WLGS	Wang Lee Group,	Pair Corr
0.38	RITR	Reitar Logtech Holdings	Pair Corr
0.33	JUNE	Junee Limited Ordinary	Pair Corr
0.46	DIIBF	Dorel Industries	Pair Corr

Related Correlations Analysis

	BZH	CCS	DFH	ECG	HOV	IBP	KBH	MTH	SKY	TOL
BZH		0.35	0.52	0.22	0.22	0.47	0.6	0.51	0.76	0.79	BZH
CCS	0.35		0.86	0.36	0.88	0.67	0.86	0.96	0.08	0.06	CCS
DFH	0.52	0.86		0.22	0.68	0.8	0.85	0.9	0.16	0.36	DFH
ECG	0.22	0.36	0.22		0.35	0.09	0.32	0.39	0.26	0.04	ECG
HOV	0.22	0.88	0.68	0.35		0.42	0.84	0.84	-0.05	-0.14	HOV
IBP	0.47	0.67	0.8	0.09	0.42		0.58	0.71	0.36	0.57	IBP
KBH	0.6	0.86	0.85	0.32	0.84	0.58		0.92	0.27	0.27	KBH
MTH	0.51	0.96	0.9	0.39	0.84	0.71	0.92		0.23	0.23	MTH
SKY	0.76	0.08	0.16	0.26	-0.05	0.36	0.27	0.23		0.81	SKY
TOL	0.79	0.06	0.36	0.04	-0.14	0.57	0.27	0.23	0.81		TOL
	BZH	CCS	DFH	ECG	HOV	IBP	KBH	MTH	SKY	TOL

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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

MTH	+ 0.96	CCS
MTH	+ 0.92	KBH
MTH	+ 0.9	DFH
HOV	+ 0.88	CCS
DFH	+ 0.86	CCS
KBH	+ 0.86	CCS

High negative correlations

TOL	- 0.14	HOV
SKY	- 0.05	HOV

Risk-Adjusted Indicators

There is a big difference between Everus Stock performing well and Everus 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 Everus 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
BZH	1.75	0.06	0.03	0.13	2.10	(1.87)	4.20	(3.93)	12.19
CCS	1.64	(0.16)	0.00	(0.11)	0.00	0.00	3.75	(3.86)	13.05
DFH	2.32	(0.13)	0.00	(0.02)	0.00	0.00	4.96	(4.21)	15.73
ECG	3.47	1.17	0.32	1.88	3.07	(4.36)	13.72	(4.42)	18.13
HOV	2.46	(0.24)	0.00	(0.19)	0.00	0.00	4.74	(5.89)	23.00
IBP	2.00	(0.07)	(0.02)	0.03	2.60	(2.11)	5.26	(4.50)	14.90
KBH	1.55	(0.11)	0.00	(0.03)	0.00	0.00	3.05	(3.31)	10.30
MTH	1.58	(0.12)	0.00	(0.04)	0.00	0.00	4.09	(4.82)	11.87
SKY	1.49	0.07	0.05	0.14	1.91	(1.55)	3.69	(2.86)	11.17
TOL	1.39	0.14	0.07	0.26	1.46	(1.51)	3.91	(2.91)	9.47

Everus Construction Corporate Executives

Elected by the shareholders, the Everus Construction's board of directors comprises two types of representatives: Everus Construction inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Everus. The board's role is to monitor Everus Construction's management team and ensure that shareholders' interests are well served. Everus 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, Everus Construction's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Maximillian Marcy	CFO VP	Profile
	Thomas Nosbusch	Executive COO	Profile

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