KBR Correlations

KBR Stock

USD 61.43 0.33 0.53%

The current 90-days correlation between KBR Inc and Jacobs Solutions is 0.61 (i.e., Poor diversification). The correlation of KBR 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.

KBR Correlation With Market

Very weak diversification

The correlation between KBR Inc and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KBR Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KBR Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Moving together with KBR Stock

0.64	BV	BrightView Holdings	Pair Corr
0.62	MMS	Maximus	Pair Corr

Moving against KBR Stock

0.31

FORR

Forrester Research

Pair Corr

Related Correlations Analysis

	J	TTEK	FLR	BLD	MYRG	GVA	ROAD	GLDD	EME	FIX
J		0.24	0.79	-0.25	0.8	0.74	0.76	0.92	0.79	0.78	J
TTEK	0.24		0.06	0.33	-0.26	-0.37	-0.29	0.0	-0.25	-0.25	TTEK
FLR	0.79	0.06		-0.22	0.75	0.65	0.71	0.77	0.66	0.67	FLR
BLD	-0.25	0.33	-0.22		-0.45	-0.44	-0.39	-0.25	-0.28	-0.19	BLD
MYRG	0.8	-0.26	0.75	-0.45		0.96	0.94	0.85	0.93	0.88	MYRG
GVA	0.74	-0.37	0.65	-0.44	0.96		0.96	0.85	0.97	0.92	GVA
ROAD	0.76	-0.29	0.71	-0.39	0.94	0.96		0.86	0.95	0.92	ROAD
GLDD	0.92	0.0	0.77	-0.25	0.85	0.85	0.86		0.91	0.92	GLDD
EME	0.79	-0.25	0.66	-0.28	0.93	0.97	0.95	0.91		0.98	EME
FIX	0.78	-0.25	0.67	-0.19	0.88	0.92	0.92	0.92	0.98		FIX
	J	TTEK	FLR	BLD	MYRG	GVA	ROAD	GLDD	EME	FIX

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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
EME	+ 0.97	GVA
GVA	+ 0.96	MYRG
ROAD	+ 0.96	GVA
EME	+ 0.95	ROAD
ROAD	+ 0.94	MYRG

High negative correlations

MYRG	- 0.45	BLD
GVA	- 0.44	BLD
ROAD	- 0.39	BLD
GVA	- 0.37	TTEK
ROAD	- 0.29	TTEK
EME	- 0.28	BLD

Risk-Adjusted Indicators

There is a big difference between KBR Stock performing well and KBR 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 KBR'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
J	1.07	0.03	0.02	0.14	1.61	(1.10)	2.41	(1.97)	9.97
TTEK	1.33	(0.19)	0.00	(4.13)	0.00	0.00	2.80	(2.30)	17.66
FLR	1.85	0.01	0.04	0.13	2.82	(2.15)	3.77	(2.65)	21.78
BLD	1.67	(0.20)	0.00	(0.02)	0.00	0.00	4.30	(3.89)	12.30
MYRG	2.00	0.42	0.21	0.37	1.83	(2.32)	4.73	(3.54)	17.58
GVA	1.08	0.36	0.36	0.43	0.46	(1.37)	2.88	(1.32)	6.13
ROAD	2.39	0.47	0.26	0.31	2.06	(2.97)	6.10	(3.32)	16.71
GLDD	1.76	0.32	0.23	0.30	1.47	(2.12)	5.41	(2.78)	13.41
EME	1.43	0.30	0.15	0.32	1.88	(1.60)	3.31	(2.67)	11.32
FIX	1.81	0.35	0.14	0.29	2.77	(1.93)	5.28	(2.23)	17.05

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