Tetra Tech Correlations

TTEK Stock

USD 42.58 0.24 0.57%

The current 90-days correlation between Tetra Tech and Jacobs Solutions is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tetra Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tetra Tech moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tetra Tech Correlation With Market

Average diversification

The correlation between Tetra Tech and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tetra Tech and DJI in the same portfolio, assuming nothing else is changed.

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

For more information on how to buy Tetra Stock please use our How to buy in Tetra Stock guide.

Moving together with Tetra Stock

0.76	FC	Franklin Covey	Pair Corr
0.66	MG	Mistras Group	Pair Corr
0.72	VCIG	VCI Global Limited	Pair Corr
0.76	ESGL	ESGL Holdings Limited	Pair Corr
0.75	EXPO	Exponent	Pair Corr
0.79	WLDN	Willdan Group	Pair Corr
0.87	BCO	Brinks Company	Pair Corr
0.89	DSS	DSS Inc	Pair Corr

Moving against Tetra Stock

0.86	KC	Kingsoft Cloud Holdings	Pair Corr
0.82	SQ	Block Inc	Pair Corr
0.72	BR	Broadridge Financial	Pair Corr
0.7	G	Genpact Limited	Pair Corr
0.65	DRVN	Driven Brands Holdings	Pair Corr
0.49	LZ	LegalZoom	Pair Corr
0.45	VRSK	Verisk Analytics	Pair Corr
0.85	CBZ	CBIZ Inc	Pair Corr
0.83	AWX	Avalon Holdings Downward Rally	Pair Corr
0.83	CXW	CoreCivic	Pair Corr
0.78	FOUR	Shift4 Payments Buyout Trend	Pair Corr
0.69	EXLS	ExlService Holdings	Pair Corr
0.5	EEFT	Euronet Worldwide	Pair Corr
0.4	AXR	AMREP	Pair Corr
0.88	GEO	Geo Group	Pair Corr
0.86	KAR	KAR Auction Services	Pair Corr
0.77	FVRR	Fiverr International	Pair Corr
0.76	DLX	Deluxe	Pair Corr

Related Correlations Analysis

	J	KBR	FLR	BLD	FIX	MYRG	GVA	DY	MTZ	APG
J		0.84	0.33	0.62	-0.17	-0.32	0.02	0.44	-0.26	-0.26	J
KBR	0.84		0.2	0.63	-0.45	-0.64	-0.36	0.46	-0.47	-0.56	KBR
FLR	0.33	0.2		0.65	0.24	0.19	0.34	0.21	-0.1	0.24	FLR
BLD	0.62	0.63	0.65		0.08	-0.25	0.05	0.63	-0.28	-0.16	BLD
FIX	-0.17	-0.45	0.24	0.08		0.77	0.85	0.08	0.8	0.81	FIX
MYRG	-0.32	-0.64	0.19	-0.25	0.77		0.84	-0.32	0.7	0.95	MYRG
GVA	0.02	-0.36	0.34	0.05	0.85	0.84		-0.06	0.7	0.84	GVA
DY	0.44	0.46	0.21	0.63	0.08	-0.32	-0.06		-0.13	-0.26	DY
MTZ	-0.26	-0.47	-0.1	-0.28	0.8	0.7	0.7	-0.13		0.71	MTZ
APG	-0.26	-0.56	0.24	-0.16	0.81	0.95	0.84	-0.26	0.71		APG
	J	KBR	FLR	BLD	FIX	MYRG	GVA	DY	MTZ	APG

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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

APG	+ 0.95	MYRG
GVA	+ 0.85	FIX
KBR	+ 0.84	J
GVA	+ 0.84	MYRG
APG	+ 0.84	GVA
APG	+ 0.81	FIX

High negative correlations

MYRG	- 0.64	KBR
APG	- 0.56	KBR
MTZ	- 0.47	KBR
FIX	- 0.45	KBR
GVA	- 0.36	KBR
DY	- 0.32	MYRG

Risk-Adjusted Indicators

There is a big difference between Tetra Stock performing well and Tetra Tech 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 Tetra Tech'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
J	0.99	0.00	0.00	0.00	1.69	(0.89)	1.55	(1.88)	9.97
KBR	1.31	(0.19)	0.00	(0.27)	0.00	0.00	2.53	(2.87)	16.90
FLR	1.71	(0.02)	0.00	(0.04)	0.00	0.00	3.77	(2.41)	21.78
BLD	1.77	(0.15)	0.00	(0.15)	0.00	0.00	3.65	(4.45)	14.85
FIX	1.89	0.33	0.11	0.31	2.60	(2.01)	5.28	(3.62)	13.29
MYRG	2.04	0.37	0.18	0.34	1.85	(2.46)	5.71	(3.54)	19.36
GVA	1.07	0.19	0.16	0.22	1.04	(1.26)	2.43	(1.70)	7.00
DY	1.98	0.04	0.01	0.04	3.10	(2.04)	4.76	(4.75)	19.59
MTZ	1.61	0.32	0.16	0.37	1.63	(1.71)	3.72	(2.44)	11.51
APG	1.25	0.19	0.12	12.59	1.38	(1.36)	3.35	(2.32)	9.79

Tetra Tech Corporate Executives

Elected by the shareholders, the Tetra Tech's board of directors comprises two types of representatives: Tetra Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tetra. The board's role is to monitor Tetra Tech's management team and ensure that shareholders' interests are well served. Tetra Tech's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Tetra Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.

Steven Burdick

CFO, Executive VP and Treasurer

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