Acuren Correlations

TIC Stock

10.59 0.09 0.86%

The current 90-days correlation between Acuren and Purecycle Technologies Holdings is 0.4 (i.e., Very weak 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

Very weak diversification

The correlation between Acuren and DJI is 0.59 (i.e., Very weak 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 together with Acuren Stock

0.88	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.77	SOP	Synertec	Pair Corr
0.78	VRSK	Verisk Analytics	Pair Corr
0.64	WFCF	Where Food Comes	Pair Corr
0.74	MANO	Manolete Partners PLC	Pair Corr
0.68	CBZ	CBIZ Inc	Pair Corr
0.9	FORR	Forrester Research	Pair Corr
0.83	EFX	Equifax	Pair Corr
0.81	KBR	KBR Inc	Pair Corr
0.88	NCI	Neo Concept Internat	Pair Corr
0.9	SOS	SOS Limited	Pair Corr
0.79	STN	Stantec	Pair Corr
0.83	TRI	Thomson Reuters	Pair Corr
0.89	ZBAI	ATIF Holdings Limited	Pair Corr
0.91	REL	Relx PLC	Pair Corr
0.81	ICFI	ICF International	Pair Corr
0.85	ELIX	Elixirr International Plc	Pair Corr
0.88	EXPN	Experian PLC	Pair Corr
0.88	KPG	Kelly Partners Group	Pair Corr

Moving against Acuren Stock

0.78	MG	Mistras Group	Pair Corr
0.61	EXPO	Exponent	Pair Corr
0.46	FCN	FTI Consulting	Pair Corr
0.36	WLDN	Willdan Group	Pair Corr
0.76	HURN	Huron Consulting	Pair Corr
0.75	ULS	UL Solutions	Pair Corr
0.78	603909	Holsin Engineering	Pair Corr
0.73	300500	Tus Design Group	Pair Corr
0.71	300215	Suzhou Electrical	Pair Corr
0.67	002967	Grg Metrology	Pair Corr
0.62	PPHC	Public Policy Holding Split	Pair Corr

Related Correlations Analysis

	PCT	FTAI	LUNR	ENVX	RXO	FA	SXI	TRTN-PC	SB
PCT		0.35	0.37	0.91	0.76	0.42	-0.42	-0.41	-0.81	PCT
FTAI	0.35		0.5	0.39	0.57	0.34	0.14	0.17	0.02	FTAI
LUNR	0.37	0.5		0.47	0.54	0.45	0.06	0.26	-0.3	LUNR
ENVX	0.91	0.39	0.47		0.87	0.23	-0.19	-0.51	-0.77	ENVX
RXO	0.76	0.57	0.54	0.87		0.34	-0.08	-0.28	-0.59	RXO
FA	0.42	0.34	0.45	0.23	0.34		-0.51	0.44	-0.25	FA
SXI	-0.42	0.14	0.06	-0.19	-0.08	-0.51		-0.11	0.44	SXI
TRTN-PC	-0.41	0.17	0.26	-0.51	-0.28	0.44	-0.11		0.38	TRTN-PC
SB	-0.81	0.02	-0.3	-0.77	-0.59	-0.25	0.44	0.38		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

ENVX	+ 0.91	PCT
RXO	+ 0.87	ENVX
RXO	+ 0.76	PCT
RXO	+ 0.57	FTAI
RXO	+ 0.54	LUNR
LUNR	+ 0.5	FTAI

High negative correlations

SB	- 0.81	PCT
SB	- 0.77	ENVX
SB	- 0.59	RXO
SXI	- 0.51	FA
TRTN-PC	- 0.51	ENVX
SXI	- 0.42	PCT

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	3.94	(0.68)	0.00	(0.18)	0.00	0.00	8.46	(7.32)	20.99
FTAI	2.33	(0.12)	0.00	(0.03)	0.00	0.00	4.61	(4.53)	17.39
LUNR	4.93	0.74	0.16	0.25	4.89	(5.41)	11.71	(8.39)	25.98
ENVX	4.23	(0.38)	0.00	(0.05)	0.00	0.00	8.99	(8.56)	33.25
RXO	3.48	(0.48)	0.00	(0.07)	0.00	0.00	6.09	(7.77)	30.62
FA	1.93	(0.03)	(0.01)	0.04	2.23	(2.32)	3.67	(3.55)	11.96
SXI	1.53	0.09	0.06	0.12	1.90	(1.55)	3.26	(2.71)	12.69
TRTN-PC	0.37	0.03	(0.06)	0.57	0.40	(0.39)	0.73	(0.78)	2.44
SB	1.37	0.09	0.05	0.17	1.36	(1.95)	3.17	(1.81)	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

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC