IES Holdings Correlations

IESC Stock

USD 514.36 14.58 2.92%

The current 90-days correlation between IES Holdings and Primoris Services is 0.7 (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

Poor diversification

The correlation between IES Holdings 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 IES Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IES Stock

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 producer price index.

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

Moving together with IES Stock

0.72	ACA	Arcosa Inc	Pair Corr
0.67	APG	Api Group Corp	Pair Corr
0.76	MTZ	MasTec Inc	Pair Corr
0.71	PWR	Quanta Services Earnings Call Next Week	Pair Corr
0.7	TPC	Tutor Perini	Pair Corr
0.69	WSC	Willscot Mobile Mini Earnings Call Next Week	Pair Corr
0.76	GLDD	Great Lakes Dredge Earnings Call This Week	Pair Corr
0.63	PO6	Penta-Ocean Construction	Pair Corr
0.62	MYRG	MYR Group	Pair Corr
0.75	PRIM	Primoris Services	Pair Corr
0.66	ARE	Aecon Group	Pair Corr
0.65	TCW	Tokyu Construction	Pair Corr

Moving against IES Stock

0.61	DRT	DIRTT Environmental	Pair Corr
0.45	ACM	Aecom Technology	Pair Corr
0.37	SLND	Southland Holdings	Pair Corr

Related Correlations Analysis

	PRIM	DY	FLR	TTEK	AWI	ZWS	AAON	VMI	AGCO	SSD
PRIM		0.82	0.75	0.79	0.43	0.53	0.35	0.96	0.84	0.9	PRIM
DY	0.82		0.46	0.69	0.46	0.54	-0.02	0.82	0.73	0.74	DY
FLR	0.75	0.46		0.59	0.31	0.41	0.59	0.78	0.7	0.74	FLR
TTEK	0.79	0.69	0.59		0.39	0.57	0.3	0.82	0.86	0.83	TTEK
AWI	0.43	0.46	0.31	0.39		0.52	0.03	0.54	0.56	0.61	AWI
ZWS	0.53	0.54	0.41	0.57	0.52		0.3	0.62	0.73	0.65	ZWS
AAON	0.35	-0.02	0.59	0.3	0.03	0.3		0.3	0.39	0.42	AAON
VMI	0.96	0.82	0.78	0.82	0.54	0.62	0.3		0.89	0.94	VMI
AGCO	0.84	0.73	0.7	0.86	0.56	0.73	0.39	0.89		0.91	AGCO
SSD	0.9	0.74	0.74	0.83	0.61	0.65	0.42	0.94	0.91		SSD
	PRIM	DY	FLR	TTEK	AWI	ZWS	AAON	VMI	AGCO	SSD

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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

VMI	+ 0.96	PRIM
SSD	+ 0.94	VMI
SSD	+ 0.91	AGCO
SSD	+ 0.9	PRIM
AGCO	+ 0.89	VMI
AGCO	+ 0.86	TTEK

High negative correlations

AAON

- 0.02

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
PRIM	2.22	0.31	0.12	0.31	2.60	(2.36)	5.61	(4.72)	14.82
DY	1.92	0.56	0.23	0.59	2.03	(2.26)	4.70	(4.19)	17.10
FLR	1.65	(0.06)	0.01	0.06	1.85	(1.87)	4.26	(3.00)	9.28
TTEK	1.70	0.37	0.16	2.32	1.62	(2.24)	4.35	(3.38)	21.35
AWI	1.02	0.01	0.01	0.11	1.26	(1.07)	2.43	(2.08)	7.39
ZWS	1.08	0.02	0.03	0.12	1.04	(1.25)	2.02	(1.75)	11.53
AAON	2.24	(0.10)	(0.01)	0.04	2.92	(2.26)	4.25	(5.14)	12.70
VMI	1.05	0.12	0.11	0.19	1.16	(1.15)	2.45	(2.28)	5.99
AGCO	1.43	0.35	0.20	1.40	1.13	(1.78)	4.41	(2.12)	10.84
SSD	1.38	0.20	0.15	0.25	1.15	(1.60)	3.49	(2.17)	6.98

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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