IES Holdings Correlations

IESC Stock

USD 270.47 4.87 1.83%

The current 90-days correlation between IES Holdings and Comfort Systems USA is 0.64 (i.e., Poor diversification). The correlation of IES Holdings 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.

IES Holdings Correlation With Market

Very weak diversification

The correlation between IES Holdings and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IES Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IES Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

For information on how to trade IES Stock refer to our How to Trade IES Stock guide.

Moving together with IES Stock

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

Moving against IES Stock

0.73	SHIM	Shimmick Common	Pair Corr
0.72	SLND	Southland Holdings	Pair Corr
0.35	AMRC	Ameresco	Pair Corr
0.66	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.4	AP	Ampco Pittsburgh	Pair Corr

Related Correlations Analysis

	EME	FIX	PRIM	GVA	ROAD	MTRX	MYRG	STRL	BBCP	LMB
EME		0.98	0.94	0.97	0.95	0.95	0.91	0.98	-0.32	0.97	EME
FIX	0.98		0.9	0.91	0.91	0.94	0.87	0.98	-0.26	0.95	FIX
PRIM	0.94	0.9		0.98	0.95	0.88	0.96	0.92	-0.22	0.92	PRIM
GVA	0.97	0.91	0.98		0.96	0.91	0.95	0.95	-0.33	0.94	GVA
ROAD	0.95	0.91	0.95	0.96		0.88	0.93	0.95	-0.26	0.93	ROAD
MTRX	0.95	0.94	0.88	0.91	0.88		0.83	0.95	-0.36	0.96	MTRX
MYRG	0.91	0.87	0.96	0.95	0.93	0.83		0.9	-0.23	0.86	MYRG
STRL	0.98	0.98	0.92	0.95	0.95	0.95	0.9		-0.34	0.97	STRL
BBCP	-0.32	-0.26	-0.22	-0.33	-0.26	-0.36	-0.23	-0.34		-0.37	BBCP
LMB	0.97	0.95	0.92	0.94	0.93	0.96	0.86	0.97	-0.37		LMB
	EME	FIX	PRIM	GVA	ROAD	MTRX	MYRG	STRL	BBCP	LMB

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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
STRL	+ 0.98	EME
STRL	+ 0.98	FIX
GVA	+ 0.98	PRIM
GVA	+ 0.97	EME
LMB	+ 0.97	EME

High negative correlations

LMB	- 0.37	BBCP
BBCP	- 0.36	MTRX
BBCP	- 0.34	STRL
BBCP	- 0.33	GVA
BBCP	- 0.32	EME
BBCP	- 0.26	ROAD

Risk-Adjusted Indicators

There is a big difference between IES Stock performing well and IES Holdings 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 IES Holdings' 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
EME	1.36	0.39	0.20	0.33	1.66	(1.58)	3.31	(1.64)	11.32
FIX	1.86	0.40	0.14	0.27	2.85	(2.00)	5.28	(2.23)	17.05
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
ROAD	2.29	0.47	0.24	0.28	2.05	(2.78)	6.10	(3.32)	16.71
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
STRL	2.32	0.61	0.30	0.30	2.02	(2.85)	6.48	(2.40)	14.32
BBCP	1.87	(0.24)	0.00	(0.05)	0.00	0.00	4.46	(5.01)	14.96
LMB	2.49	0.50	0.24	0.24	2.10	(2.65)	5.81	(3.62)	23.26

IES Holdings Corporate Management

Mary Newman	General VP	Profile
William Albright	Vice Development	Profile
Dwayne Collier	Pres Residential	Profile
Harvey Hammock	Senior Safety	Profile

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