Tutor Perini Correlations

TPC Stock

USD 75.09 0.00 0.00%

The current 90-days correlation between Tutor Perini and MYR Group is 0.57 (i.e., Very weak diversification). The correlation of Tutor Perini 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.

Tutor Perini Correlation With Market

Very weak diversification

The correlation between Tutor Perini and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tutor Perini and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Tutor Stock

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

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

Moving together with Tutor Stock

0.61	TGP	Tekmar Group plc	Pair Corr
0.64	300668	Shenzhen Jiang	Pair Corr
0.75	BBU	Brookfield Business	Pair Corr
0.69	FER	Ferrovial SE	Pair Corr
0.68	FIX	Comfort Systems USA	Pair Corr
0.75	GVA	Granite Construction	Pair Corr

Moving against Tutor Stock

0.56	002060	Guangdong No2 Hydropower	Pair Corr
0.56	300506	Shenzhen Minkave Tec	Pair Corr
0.52	ACM	Aecom Technology	Pair Corr
0.41	002551	Shenzhen Glory Medical	Pair Corr
0.32	601390	China Railway Group	Pair Corr
0.56	FGL	Founder Group Limited	Pair Corr
0.54	600512	Tengda Construction	Pair Corr
0.51	600248	Shaanxi Yanchang Pet	Pair Corr
0.47	MSW	Ming Shing Group	Pair Corr
0.44	603176	Huitong Construction	Pair Corr
0.34	600463	Beijing Airport High	Pair Corr

Related Correlations Analysis

	MYRG	FLY	AGX	BRC	HAYW	CAAP	GVA	VSEC	EAF	EXPO
MYRG		0.12	0.35	0.3	0.48	0.55	0.35	0.6	0.03	0.51	MYRG
FLY	0.12		-0.48	0.32	0.04	-0.14	0.48	0.52	0.62	-0.03	FLY
AGX	0.35	-0.48		0.14	0.25	0.47	0.04	0.11	-0.26	0.34	AGX
BRC	0.3	0.32	0.14		0.35	0.66	0.84	0.67	0.4	0.7	BRC
HAYW	0.48	0.04	0.25	0.35		0.42	0.22	0.52	-0.08	0.42	HAYW
CAAP	0.55	-0.14	0.47	0.66	0.42		0.7	0.46	0.11	0.76	CAAP
GVA	0.35	0.48	0.04	0.84	0.22	0.7		0.61	0.6	0.63	GVA
VSEC	0.6	0.52	0.11	0.67	0.52	0.46	0.61		0.22	0.47	VSEC
EAF	0.03	0.62	-0.26	0.4	-0.08	0.11	0.6	0.22		0.24	EAF
EXPO	0.51	-0.03	0.34	0.7	0.42	0.76	0.63	0.47	0.24		EXPO
	MYRG	FLY	AGX	BRC	HAYW	CAAP	GVA	VSEC	EAF	EXPO

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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

GVA	+ 0.84	BRC
EXPO	+ 0.76	CAAP
EXPO	+ 0.7	BRC
GVA	+ 0.7	CAAP
VSEC	+ 0.67	BRC
CAAP	+ 0.66	BRC

High negative correlations

AGX	- 0.48	FLY
EAF	- 0.26	AGX
CAAP	- 0.14	FLY
EAF	- 0.08	HAYW
EXPO	- 0.03	FLY

Risk-Adjusted Indicators

There is a big difference between Tutor Stock performing well and Tutor Perini 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 Tutor Perini'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	2.13	0.20	0.08	0.24	2.46	(2.31)	4.75	(5.30)	12.05
FLY	5.31	0.10	0.05	0.12	6.37	(5.88)	12.30	(12.87)	36.50
AGX	3.45	0.31	0.09	0.26	3.95	(3.91)	7.40	(7.35)	22.90
BRC	0.95	0.14	0.09	0.31	0.96	(1.10)	2.35	(1.89)	5.12
HAYW	1.24	0.04	0.04	0.12	1.07	(1.71)	2.91	(2.18)	14.48
CAAP	1.59	0.46	0.37	0.41	0.83	(2.04)	3.20	(2.21)	19.75
GVA	0.90	0.10	0.10	0.20	0.84	(1.12)	2.34	(1.74)	5.83
VSEC	2.07	0.27	0.20	0.21	1.66	(2.68)	4.51	(3.15)	12.04
EAF	3.86	(0.32)	0.00	(0.01)	0.00	0.00	7.10	(8.30)	26.40
EXPO	1.23	0.09	0.07	0.19	1.13	(1.48)	2.96	(1.92)	9.28

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