Stantec Correlations

STN Stock

USD 101.53 2.31 2.33%

The current 90-days correlation between Stantec and Sterling Construction is 0.39 (i.e., Weak 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

Average diversification

The correlation between Stantec and DJI is 0.18 (i.e., Average 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 poverty.

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

Moving together with Stantec Stock

0.72

BVI

Bureau Veritas SA

Pair Corr

Moving against Stantec Stock

0.36	RHLD	Resolute Holdings Symbol Change	Pair Corr
0.35	TRU	TransUnion	Pair Corr
0.64	IVVD	Invivyd	Pair Corr
0.58	SHPHF	Sihuan Pharmaceutical	Pair Corr
0.54	FCAP	First Capital Downward Rally	Pair Corr
0.53	JUPGF	Jupiter Gold	Pair Corr

Related Correlations Analysis

	STRL	BLD	BLDR	HII	TTEK	LECO	MAS	ERJ	WCC	IEX
STRL		0.69	0.52	0.48	0.63	0.62	0.48	0.46	0.78	0.61	STRL
BLD	0.69		0.95	0.83	0.74	0.84	0.91	0.05	0.89	0.88	BLD
BLDR	0.52	0.95		0.78	0.64	0.75	0.91	0.0	0.8	0.8	BLDR
HII	0.48	0.83	0.78		0.69	0.79	0.82	-0.27	0.75	0.87	HII
TTEK	0.63	0.74	0.64	0.69		0.79	0.69	0.08	0.79	0.79	TTEK
LECO	0.62	0.84	0.75	0.79	0.79		0.88	-0.15	0.87	0.97	LECO
MAS	0.48	0.91	0.91	0.82	0.69	0.88		-0.23	0.75	0.9	MAS
ERJ	0.46	0.05	0.0	-0.27	0.08	-0.15	-0.23		0.21	-0.17	ERJ
WCC	0.78	0.89	0.8	0.75	0.79	0.87	0.75	0.21		0.87	WCC
IEX	0.61	0.88	0.8	0.87	0.79	0.97	0.9	-0.17	0.87		IEX
	STRL	BLD	BLDR	HII	TTEK	LECO	MAS	ERJ	WCC	IEX

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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

IEX	+ 0.97	LECO
BLDR	+ 0.95	BLD
MAS	+ 0.91	BLD
MAS	+ 0.91	BLDR
IEX	+ 0.9	MAS
WCC	+ 0.89	BLD

High negative correlations

ERJ	- 0.27	HII
ERJ	- 0.23	MAS
IEX	- 0.17	ERJ
ERJ	- 0.15	LECO
ERJ	- 0.0	BLDR

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
STRL	3.03	(0.07)	0.01	0.05	4.59	(2.90)	6.61	(6.91)	21.66
BLD	1.90	0.18	0.12	0.20	1.68	(2.38)	4.78	(3.27)	10.98
BLDR	2.26	0.13	0.10	0.15	1.90	(3.29)	5.94	(3.37)	15.38
HII	1.83	0.29	0.11	0.29	2.43	(1.88)	4.34	(3.03)	16.77
TTEK	1.70	0.44	0.21	4.04	1.41	(2.34)	4.35	(3.21)	21.35
LECO	1.33	0.35	0.23	0.33	1.20	(1.55)	3.71	(2.45)	7.77
MAS	1.39	0.19	0.15	0.23	1.16	(1.80)	3.56	(2.16)	7.82
ERJ	1.36	0.05	(0.02)	(0.12)	1.93	(1.33)	3.07	(3.90)	7.33
WCC	1.65	0.20	0.12	0.20	1.83	(1.80)	3.54	(3.36)	10.20
IEX	1.06	0.31	0.31	0.43	0.53	(1.31)	2.68	(1.48)	6.54

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