Eagle Materials Correlations

EXP Stock

USD 226.19 3.92 1.76%

The current 90-days correlation between Eagle Materials and Franco Nevada is 0.29 (i.e., Modest diversification). The correlation of Eagle Materials 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Eagle Materials Correlation With Market

Very weak diversification

The correlation between Eagle Materials and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eagle Materials and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Eagle Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Eagle Materials. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in discontinued.

To learn how to invest in Eagle Stock, please use our How to Invest in Eagle Materials guide.

Moving together with Eagle Stock

0.7	BC0	Boise Cascade	Pair Corr
0.62	VMC	Vulcan Materials	Pair Corr
0.61	MMX	Martin Marietta Materials	Pair Corr

Moving against Eagle Stock

0.34	8LN	Loma Negra Compaa Earnings Call This Week	Pair Corr
0.38	INHD	Inno Holdings Common	Pair Corr
0.32	9D7	GULLBERGJANSSON AB	Pair Corr

Related Correlations Analysis

	MLM	AMRZ	FNV	CTVA	NUE	GFI	AU	WPM	MT
MLM		0.81	0.8	0.85	0.83	0.82	0.82	0.83	0.88	MLM
AMRZ	0.81		0.67	0.73	0.57	0.64	0.72	0.7	0.8	AMRZ
FNV	0.8	0.67		0.91	0.77	0.96	0.97	0.98	0.87	FNV
CTVA	0.85	0.73	0.91		0.84	0.9	0.93	0.92	0.96	CTVA
NUE	0.83	0.57	0.77	0.84		0.83	0.76	0.82	0.86	NUE
GFI	0.82	0.64	0.96	0.9	0.83		0.95	0.98	0.88	GFI
AU	0.82	0.72	0.97	0.93	0.76	0.95		0.97	0.91	AU
WPM	0.83	0.7	0.98	0.92	0.82	0.98	0.97		0.89	WPM
MT	0.88	0.8	0.87	0.96	0.86	0.88	0.91	0.89		MT
	MLM	AMRZ	FNV	CTVA	NUE	GFI	AU	WPM	MT

Risk-Adjusted Indicators

There is a big difference between Eagle Stock performing well and Eagle Materials 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 Eagle Materials' 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
MLM	1.27	0.08	0.04	0.18	1.99	(1.26)	2.21	(3.28)	11.04
AMRZ	1.79	0.29	0.19	0.28	1.55	(2.01)	3.79	(2.93)	14.75
FNV	1.81	0.50	0.15	0.59	2.69	(1.92)	4.02	(4.44)	15.02
CTVA	0.95	0.24	0.15	0.52	0.85	(0.99)	2.24	(1.41)	7.27
NUE	1.41	0.15	0.10	0.25	1.29	(1.51)	3.50	(2.45)	6.87
GFI	2.79	0.61	0.14	0.72	3.71	(3.03)	6.28	(5.73)	23.45
AU	2.64	0.69	0.15	0.98	3.61	(2.81)	6.01	(6.72)	21.11
WPM	2.21	0.65	0.15	0.71	3.24	(2.27)	4.63	(5.51)	18.32
MT	1.75	0.69	0.35	0.84	1.45	(2.21)	4.72	(1.86)	14.67

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