Orion Group Correlations

ORN Stock

USD 8.55 0.18 2.06%

The current 90-days correlation between Orion Group Holdings and Great Lakes Dredge is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Orion Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Orion Group Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Orion Group Correlation With Market

Weak diversification

The correlation between Orion Group Holdings and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Orion Group Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Orion Group 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 metropolitan statistical area.

Moving together with Orion Stock

0.7	ESOA	Energy Services Fiscal Year End 16th of December 2024	Pair Corr
0.81	APG	Api Group Corp	Pair Corr
0.62	AGFY	Agrify Corp Earnings Call This Week	Pair Corr

Moving against Orion Stock

0.5	PGHL	Primega Group Holdings Upward Rally	Pair Corr
0.36	BLD	Topbuild Corp	Pair Corr
0.33	DY	Dycom Industries	Pair Corr
0.69	CNTM	ConnectM Technology Symbol Change	Pair Corr
0.68	AMRC	Ameresco	Pair Corr
0.61	TTEK	Tetra Tech	Pair Corr
0.48	CP	Canadian Pacific Railway	Pair Corr
0.44	FA	First Advantage Corp	Pair Corr
0.41	GD	General Dynamics Fiscal Year End 22nd of January 2025	Pair Corr
0.4	BLNK	Blink Charging	Pair Corr

Related Correlations Analysis

	MYRG	GVA	ROAD	GLDD	KBR	EME	FIX	PRIM	MTRX	TPC
MYRG		0.96	0.94	0.85	0.13	0.93	0.88	0.96	0.85	0.81	MYRG
GVA	0.96		0.96	0.85	0.0	0.97	0.92	0.99	0.92	0.85	GVA
ROAD	0.94	0.96		0.86	0.07	0.95	0.92	0.96	0.89	0.87	ROAD
GLDD	0.85	0.85	0.86		0.3	0.91	0.92	0.82	0.87	0.92	GLDD
KBR	0.13	0.0	0.07	0.3		0.07	0.09	0.01	-0.02	0.26	KBR
EME	0.93	0.97	0.95	0.91	0.07		0.98	0.95	0.95	0.91	EME
FIX	0.88	0.92	0.92	0.92	0.09	0.98		0.91	0.95	0.91	FIX
PRIM	0.96	0.99	0.96	0.82	0.01	0.95	0.91		0.89	0.82	PRIM
MTRX	0.85	0.92	0.89	0.87	-0.02	0.95	0.95	0.89		0.88	MTRX
TPC	0.81	0.85	0.87	0.92	0.26	0.91	0.91	0.82	0.88		TPC
	MYRG	GVA	ROAD	GLDD	KBR	EME	FIX	PRIM	MTRX	TPC

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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

PRIM	+ 0.99	GVA
FIX	+ 0.98	EME
EME	+ 0.97	GVA
GVA	+ 0.96	MYRG
PRIM	+ 0.96	MYRG
ROAD	+ 0.96	GVA

High negative correlations

MTRX	- 0.02	KBR
KBR	- 0.0	GVA

Risk-Adjusted Indicators

There is a big difference between Orion Stock performing well and Orion Group 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 Orion Group'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
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
KBR	1.34	(0.28)	0.00	(0.06)	0.00	0.00	2.54	(3.09)	16.92
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
PRIM	1.84	0.46	0.27	0.35	1.71	(2.33)	4.15	(1.78)	17.09
MTRX	2.09	0.29	0.23	0.25	1.61	(2.62)	5.19	(2.63)	19.14
TPC	2.69	0.22	0.12	0.22	2.79	(3.19)	7.18	(4.60)	20.69

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