Stantec Correlations

STN Stock

USD 98.28 1.07 1.08%

The current 90-days correlation between Stantec and Sunrise New Energy is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stantec moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stantec moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stantec Correlation With Market

Poor diversification

The correlation between Stantec and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stantec and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Stantec Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Stantec. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

To learn how to invest in Stantec Stock, please use our How to Invest in Stantec guide.

Moving together with Stantec Stock

0.85	TIC	Acuren	Pair Corr
0.73	603060	China Building Material	Pair Corr
0.75	603357	Anhui Transport Cons	Pair Corr
0.81	TRNR	Interactive Strength	Pair Corr

Moving against Stantec Stock

0.89	RHLD	Resolute Holdings Symbol Change	Pair Corr
0.75	HURN	Huron Consulting	Pair Corr
0.73	MCHB	Mechanics Bank Symbol Change	Pair Corr
0.59	BRK-A	Berkshire Hathaway	Pair Corr
0.57	MEOAF	Melbana Energy	Pair Corr
0.46	CYCC	CYCC Old Symbol Change	Pair Corr
0.91	ARVN	Arvinas	Pair Corr
0.85	FTV	Fortive Corp	Pair Corr
0.82	LCDX	Caliber Imaging Diag	Pair Corr
0.76	ADAMI	New York Mortgage Symbol Change	Pair Corr
0.74	NAUFF	NevGold Corp	Pair Corr
0.74	DGWPF	Drgerwerk AG	Pair Corr
0.73	SYF	Synchrony Financial	Pair Corr
0.7	PLTK	Playtika Holding Corp	Pair Corr
0.67	TMSNY	Temenos Group AG	Pair Corr
0.67	CASXF	Casa Minerals	Pair Corr
0.62	SMXWW	SMX Public Limited	Pair Corr
0.58	BROS	Dutch Bros Sell-off Trend	Pair Corr
0.58	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.49	DB	Deutsche Bank AG	Pair Corr
0.46	EDRVY	EDP Renovveis SA	Pair Corr
0.39	CTOWY	China TowerLimited	Pair Corr

Related Correlations Analysis

	EPOW	NTIP	NIXX	CVU	MSW	STI	QRHC	OESX
EPOW		0.69	0.56	-0.68	0.75	0.11	-0.62	-0.62	EPOW
NTIP	0.69		0.82	-0.83	0.92	0.33	-0.79	-0.8	NTIP
NIXX	0.56	0.82		-0.65	0.88	0.44	-0.82	-0.89	NIXX
CVU	-0.68	-0.83	-0.65		-0.8	-0.37	0.72	0.64	CVU
MSW	0.75	0.92	0.88	-0.8		0.32	-0.8	-0.87	MSW
STI	0.11	0.33	0.44	-0.37	0.32		-0.48	-0.3	STI
QRHC	-0.62	-0.79	-0.82	0.72	-0.8	-0.48		0.88	QRHC
OESX	-0.62	-0.8	-0.89	0.64	-0.87	-0.3	0.88		OESX
	EPOW	NTIP	NIXX	CVU	MSW	STI	QRHC	OESX

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

MSW	+ 0.92	NTIP
MSW	+ 0.88	NIXX
OESX	+ 0.88	QRHC
NIXX	+ 0.82	NTIP
MSW	+ 0.75	EPOW
QRHC	+ 0.72	CVU

High negative correlations

OESX	- 0.89	NIXX
OESX	- 0.87	MSW
CVU	- 0.83	NTIP
QRHC	- 0.82	NIXX
QRHC	- 0.8	MSW
MSW	- 0.8	CVU

Risk-Adjusted Indicators

There is a big difference between Stantec Stock performing well and Stantec 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 Stantec'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
EPOW	3.43	(0.38)	0.00	(6.42)	0.00	0.00	7.75	(8.96)	22.24
NTIP	1.89	(0.26)	0.00	(0.23)	0.00	0.00	4.67	(4.03)	12.64
NIXX	3.65	(0.57)	0.00	(0.33)	0.00	0.00	7.30	(6.96)	33.17
CVU	3.43	0.79	0.24	1.15	2.64	(4.46)	9.33	(5.26)	21.85
MSW	5.86	(1.31)	0.00	(0.55)	0.00	0.00	11.11	(15.28)	31.70
STI	13.83	3.58	0.40	0.90	8.57	(20.96)	18.45	(17.15)	317.39
QRHC	4.34	0.27	0.08	0.20	4.21	(5.58)	9.27	(7.05)	24.19
OESX	4.68	1.28	0.30	1.30	3.57	(5.74)	14.72	(5.67)	38.02

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