Acuren Correlations

TIC Stock

10.67 0.02 0.19%

The current 90-days correlation between Acuren and Purecycle Technologies Holdings is 0.09 (i.e., Significant diversification). The correlation of Acuren 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.

Acuren Correlation With Market

Modest diversification

The correlation between Acuren and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acuren and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Acuren Stock

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

For information on how to trade Acuren Stock refer to our How to Trade Acuren Stock guide.

Moving against Acuren Stock

0.54	RHLD	Resolute Holdings Symbol Change	Pair Corr
0.52	RGP	Resources Connection	Pair Corr
0.84	VTR	Ventas Inc	Pair Corr
0.73	INDFY	Indofood Agri Resources	Pair Corr
0.61	CMRE	Costamare	Pair Corr
0.57	UTGN	UTG Inc	Pair Corr
0.54	CBFC	CNB Financial Services	Pair Corr
0.45	ACCR	Access Power	Pair Corr
0.32	ABEV	Ambev SA ADR Aggressive Push	Pair Corr

Related Correlations Analysis

	PCT	FTAI	LUNR	ENVX	RXO	FA	SXI	TRTN-PC	SB
PCT		0.32	0.25	0.71	0.74	-0.08	0.46	-0.19	-0.36	PCT
FTAI	0.32		0.88	-0.24	0.26	0.45	0.5	0.56	0.55	FTAI
LUNR	0.25	0.88		-0.19	0.24	0.68	0.26	0.74	0.38	LUNR
ENVX	0.71	-0.24	-0.19		0.74	-0.29	0.18	-0.51	-0.62	ENVX
RXO	0.74	0.26	0.24	0.74		0.11	0.42	-0.1	-0.21	RXO
FA	-0.08	0.45	0.68	-0.29	0.11		0.04	0.78	0.27	FA
SXI	0.46	0.5	0.26	0.18	0.42	0.04		-0.12	0.44	SXI
TRTN-PC	-0.19	0.56	0.74	-0.51	-0.1	0.78	-0.12		0.36	TRTN-PC
SB	-0.36	0.55	0.38	-0.62	-0.21	0.27	0.44	0.36		SB
	PCT	FTAI	LUNR	ENVX	RXO	FA	SXI	TRTN-PC	SB

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

LUNR	+ 0.88	FTAI
TRTN-PC	+ 0.78	FA
RXO	+ 0.74	PCT
TRTN-PC	+ 0.74	LUNR
RXO	+ 0.74	ENVX
ENVX	+ 0.71	PCT

High negative correlations

SB	- 0.62	ENVX
TRTN-PC	- 0.51	ENVX
SB	- 0.36	PCT
FA	- 0.29	ENVX
ENVX	- 0.24	FTAI
SB	- 0.21	RXO

Risk-Adjusted Indicators

There is a big difference between Acuren Stock performing well and Acuren 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 Acuren'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
PCT	3.87	(0.22)	0.00	(0.22)	0.00	0.00	9.68	(7.32)	24.11
FTAI	2.55	0.77	0.23	0.82	2.79	(2.93)	6.86	(4.53)	17.39
LUNR	5.37	0.59	0.13	0.26	5.37	(5.99)	11.71	(8.49)	46.43
ENVX	4.05	(0.86)	0.00	(0.18)	0.00	0.00	7.93	(8.56)	27.55
RXO	3.23	(0.44)	0.00	(0.05)	0.00	0.00	6.09	(7.77)	25.70
FA	2.02	(0.10)	(0.02)	0.00	2.66	(2.10)	4.13	(4.52)	13.15
SXI	1.59	(0.03)	0.01	0.06	2.04	(1.52)	3.49	(2.82)	12.69
TRTN-PC	0.34	0.02	(0.08)	0.47	0.45	(0.34)	0.68	(0.64)	2.46
SB	1.34	0.32	0.21	0.74	1.04	(1.72)	3.34	(1.72)	13.45

Acuren Corporate Management

Francis Pimentel	Executive Operations	Profile
Anthony Gaucher	Chief Officer	Profile
Craig Perler	Chief Officer	Profile
Frank Noble	Executive US	Profile

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