Legence Corp Correlations

LGN Stock

43.86 0.74 1.66%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Legence Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Legence Corp Class moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Legence Corp Correlation With Market

Good diversification

The correlation between Legence Corp Class and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Legence Corp Class and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Legence Stock

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

Moving together with Legence Stock

0.86	PPERY	Bank Mandiri Persero	Pair Corr
0.69	PPERF	Bank Mandiri Persero	Pair Corr
0.61	PBCRY	Bank Central Asia	Pair Corr
0.81	POWW	Ammo Inc	Pair Corr
0.75	SDSYA	South Dakota Soybean	Pair Corr
0.73	VBVBF	VERBIO Vereinigte	Pair Corr
0.71	INFY	Infosys Ltd ADR	Pair Corr
0.62	VKTX	Viking Therapeutics	Pair Corr
0.76	CM	Canadian Imperial Bank	Pair Corr
0.79	NTCPF	NorthIsle Copper	Pair Corr
0.91	CSCO	Cisco Systems	Pair Corr
0.74	HIRU	Hiru	Pair Corr
0.62	WMT	Walmart Common Stock	Pair Corr
0.72	ACTG	Acacia Research	Pair Corr
0.66	EOLS	Evolus Inc	Pair Corr
0.92	GOOGL	Alphabet Class A Aggressive Push	Pair Corr
0.89	BNR	Burning Rock Biotech	Pair Corr

Moving against Legence Stock

0.5	AAWH	Ascend Wellness Holdings	Pair Corr
0.37	TATT	Tat Techno	Pair Corr
0.34	SUGP	SU Group Holdings	Pair Corr
0.41	67066GAN4	NVIDIA PORATION	Pair Corr

Related Correlations Analysis

	HLMN	WLDN	LZ	VVX	ROCK	PBI	NSP	MVST	SCS	AMRC
HLMN		-0.03	0.57	0.79	0.74	0.79	0.81	0.58	0.64	0.66	HLMN
WLDN	-0.03		-0.12	-0.28	-0.56	0.05	-0.2	-0.6	-0.45	-0.56	WLDN
LZ	0.57	-0.12		0.47	0.63	0.53	0.59	0.36	0.74	0.25	LZ
VVX	0.79	-0.28	0.47		0.8	0.62	0.69	0.68	0.6	0.76	VVX
ROCK	0.74	-0.56	0.63	0.8		0.62	0.75	0.84	0.86	0.82	ROCK
PBI	0.79	0.05	0.53	0.62	0.62		0.9	0.36	0.59	0.46	PBI
NSP	0.81	-0.2	0.59	0.69	0.75	0.9		0.5	0.74	0.59	NSP
MVST	0.58	-0.6	0.36	0.68	0.84	0.36	0.5		0.7	0.92	MVST
SCS	0.64	-0.45	0.74	0.6	0.86	0.59	0.74	0.7		0.59	SCS
AMRC	0.66	-0.56	0.25	0.76	0.82	0.46	0.59	0.92	0.59		AMRC
	HLMN	WLDN	LZ	VVX	ROCK	PBI	NSP	MVST	SCS	AMRC

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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

AMRC	+ 0.92	MVST
NSP	+ 0.9	PBI
SCS	+ 0.86	ROCK
MVST	+ 0.84	ROCK
AMRC	+ 0.82	ROCK
NSP	+ 0.81	HLMN

High negative correlations

MVST	- 0.6	WLDN
AMRC	- 0.56	WLDN
ROCK	- 0.56	WLDN
SCS	- 0.45	WLDN
VVX	- 0.28	WLDN
NSP	- 0.2	WLDN

Risk-Adjusted Indicators

There is a big difference between Legence Stock performing well and Legence Corp 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 Legence Corp'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
HLMN	1.49	(0.13)	0.00	(0.02)	0.00	0.00	3.13	(2.42)	7.51
WLDN	2.34	0.10	0.06	0.13	2.73	(2.75)	5.21	(4.15)	15.53
LZ	1.59	(0.14)	0.00	(0.05)	0.00	0.00	3.33	(3.19)	14.96
VVX	1.63	(0.10)	(0.03)	0.01	2.04	(1.65)	3.81	(3.80)	9.31
ROCK	2.13	(0.41)	0.00	(0.09)	0.00	0.00	4.35	(5.32)	25.75
PBI	1.53	(0.22)	0.00	(0.13)	0.00	0.00	3.12	(3.87)	14.08
NSP	2.00	(0.48)	0.00	(0.21)	0.00	0.00	4.55	(3.13)	20.54
MVST	4.00	(0.49)	0.00	(0.15)	0.00	0.00	6.94	(8.91)	31.06
SCS	0.67	(0.10)	0.00	(0.77)	0.00	0.00	1.68	(1.45)	6.67
AMRC	2.68	(0.13)	0.00	(0.01)	0.00	0.00	7.11	(6.29)	21.09

Legence Corp Corporate Management

Bryce JD	General Secretary	Profile
Steve Hansen	Chief Officer	Profile
Philippe Bris	Chief Officer	Profile
Gregory Barnes	Chief Officer	Profile
Son CFA	Vice Relations	Profile
Justin Schwartz	Chief Officer	Profile

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