Api Group Correlations

APG Stock

USD 34.41 0.19 0.55%

The current 90-days correlation between Api Group Corp and Topbuild Corp is 0.49 (i.e., Very weak diversification). The correlation of Api Group 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.

Api Group Correlation With Market

Poor diversification

The correlation between Api Group Corp and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Api Group Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Api Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Api Group Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Api Stock

0.93	J	Jacobs Solutions	Pair Corr
0.96	DY	Dycom Industries	Pair Corr
0.68	ESOA	Energy Services	Pair Corr
0.89	WLDN	Willdan Group	Pair Corr
0.92	ACA	Arcosa Inc	Pair Corr
0.99	ACM	Aecom Technology	Pair Corr
0.93	AGX	Argan Inc	Pair Corr
0.97	ECG	Everus Construction	Pair Corr
0.96	EME	EMCOR Group	Pair Corr
0.99	FIX	Comfort Systems USA	Pair Corr
0.89	FLR	Fluor	Pair Corr
0.97	GVA	Granite Construction	Pair Corr
0.99	LMB	Limbach Holdings	Pair Corr
0.67	MSW	Ming Shing Group	Pair Corr
0.99	MTZ	MasTec Inc	Pair Corr
0.97	ORN	Orion Group Holdings	Pair Corr
0.99	PWR	Quanta Services	Pair Corr
0.97	STN	Stantec	Pair Corr
0.89	TIC	Acuren	Pair Corr
0.96	TPC	Tutor Perini	Pair Corr
0.96	GLDD	Great Lakes Dredge	Pair Corr
0.83	ZDAI	Primega Group Holdings Symbol Change	Pair Corr
0.99	IESC	IES Holdings	Pair Corr
0.91	MTRX	Matrix Service	Pair Corr
0.98	MYRG	MYR Group	Pair Corr
0.95	NVEE	NV5 Global	Pair Corr
0.97	PRIM	Primoris Services	Pair Corr
0.97	ROAD	Construction Partners	Pair Corr
0.68	AGFY	Agrify Corp	Pair Corr
0.96	AMRC	Ameresco	Pair Corr

Moving against Api Stock

0.85	FGL	Founder Group Limited	Pair Corr
0.59	WLGS	Wang Lee Group,	Pair Corr
0.41	VATE	Innovate Corp	Pair Corr
0.73	SKK	PROSHARES ULTRASHORT	Pair Corr
0.38	SKBL	Skyline Builders Buyout Trend	Pair Corr

Related Correlations Analysis

	BLD	MYRG	FIX	ROAD	PRIM	GVA	MTRX	ACA	EME	DY
BLD		0.62	0.61	0.45	0.7	0.61	0.67	0.55	0.73	0.57	BLD
MYRG	0.62		0.98	0.94	0.97	0.94	0.94	0.93	0.96	0.92	MYRG
FIX	0.61	0.98		0.96	0.97	0.98	0.91	0.93	0.98	0.97	FIX
ROAD	0.45	0.94	0.96		0.93	0.96	0.84	0.92	0.91	0.94	ROAD
PRIM	0.7	0.97	0.97	0.93		0.95	0.92	0.92	0.98	0.92	PRIM
GVA	0.61	0.94	0.98	0.96	0.95		0.86	0.9	0.97	0.97	GVA
MTRX	0.67	0.94	0.91	0.84	0.92	0.86		0.89	0.92	0.81	MTRX
ACA	0.55	0.93	0.93	0.92	0.92	0.9	0.89		0.89	0.85	ACA
EME	0.73	0.96	0.98	0.91	0.98	0.97	0.92	0.89		0.94	EME
DY	0.57	0.92	0.97	0.94	0.92	0.97	0.81	0.85	0.94		DY
	BLD	MYRG	FIX	ROAD	PRIM	GVA	MTRX	ACA	EME	DY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Risk-Adjusted Indicators

There is a big difference between Api Stock performing well and Api Group 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 Api Group'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
BLD	2.08	0.14	0.08	0.35	2.13	(2.23)	6.01	(3.90)	11.88
MYRG	1.88	0.58	0.36	0.67	0.99	(2.28)	3.55	(2.63)	22.62
FIX	1.92	0.48	0.28	0.53	1.42	(2.18)	5.16	(2.71)	19.95
ROAD	2.16	0.31	0.20	0.44	1.78	(2.67)	4.73	(3.70)	18.92
PRIM	2.01	0.49	0.21	0.67	1.82	(2.30)	4.03	(3.20)	15.38
GVA	1.13	0.21	0.17	0.49	0.62	(1.44)	2.44	(1.36)	10.58
MTRX	2.09	0.16	0.08	0.36	2.48	(2.18)	4.57	(4.34)	20.28
ACA	1.56	0.06	0.07	0.29	1.50	(1.85)	3.54	(2.69)	15.24
EME	1.51	0.42	0.25	0.58	1.26	(1.81)	4.07	(2.98)	14.62
DY	1.44	0.73	0.58	1.24	0.00	(1.89)	3.98	(1.89)	17.82

Api Group Corporate Management

Cyrus Walker	Independent Director	Profile
Adam Fee	Vice Relations	Profile
Kristina Morton	Senior Officer	Profile
Craig Fellman	Senior Leader	Profile
David Blitzer	Director	Profile
Andrew White	Senior Chubb	Profile
Mark Polovitz	Vice President Controller	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