Shimmick Common Correlations

SHIM Stock

1.89 0.18 8.70%

The current 90-days correlation between Shimmick Common and LB Foster is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Shimmick Common moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shimmick Common moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Shimmick Common Correlation With Market

Very weak diversification

The correlation between Shimmick Common and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Shimmick Common and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Shimmick Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Shimmick Common. 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.

To learn how to invest in Shimmick Stock, please use our How to Invest in Shimmick Common guide.

Moving together with Shimmick Stock

0.85	J	Jacobs Solutions Earnings Call This Week	Pair Corr
0.63	ECG	Everus Construction	Pair Corr
0.77	EME	EMCOR Group	Pair Corr
0.65	FIX	Comfort Systems USA Trending	Pair Corr
0.7	FLR	Fluor Earnings Call This Week	Pair Corr
0.64	GVA	Granite Construction Earnings Call Today	Pair Corr
0.68	PWR	Quanta Services Earnings Call Today	Pair Corr
0.74	TIC	Acuren	Pair Corr
0.61	TPC	Tutor Perini Earnings Call Today	Pair Corr
0.69	IESC	IES Holdings Earnings Call This Week	Pair Corr
0.77	MTRX	Matrix Service	Pair Corr
0.66	MYRG	MYR Group	Pair Corr
0.64	PHOE	Phoenix Asia Holdings	Pair Corr
0.77	PRIM	Primoris Services Earnings Call This Week	Pair Corr
0.68	AMRC	Ameresco Earnings Call This Week	Pair Corr
0.74	SLND	Southland Holdings	Pair Corr
0.71	STRL	Sterling Construction	Pair Corr

Moving against Shimmick Stock

0.54	WLGS	Wang Lee Group,	Pair Corr
0.42	MSW	Ming Shing Group	Pair Corr
0.33	VATE	Innovate Corp	Pair Corr
0.32	FGL	Founder Group Limited	Pair Corr
0.78	SKBL	Skyline Builders	Pair Corr

Related Correlations Analysis

	AINSF	SSY	BYD	BILI	TKLF	FSTR	CDW	GMS
AINSF		0.36	0.33	0.26	0.64	0.14	0.42	0.17	AINSF
SSY	0.36		0.6	0.74	0.2	0.61	-0.02	0.58	SSY
BYD	0.33	0.6		0.87	0.6	0.82	0.56	0.9	BYD
BILI	0.26	0.74	0.87		0.43	0.8	0.28	0.87	BILI
TKLF	0.64	0.2	0.6	0.43		0.24	0.82	0.34	TKLF
FSTR	0.14	0.61	0.82	0.8	0.24		0.11	0.92	FSTR
CDW	0.42	-0.02	0.56	0.28	0.82	0.11		0.27	CDW
GMS	0.17	0.58	0.9	0.87	0.34	0.92	0.27		GMS
	AINSF	SSY	BYD	BILI	TKLF	FSTR	CDW	GMS

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

GMS	+ 0.92	FSTR
GMS	+ 0.9	BYD
BILI	+ 0.87	BYD
GMS	+ 0.87	BILI
FSTR	+ 0.82	BYD
CDW	+ 0.82	TKLF

High negative correlations

CDW

- 0.02

SSY

Risk-Adjusted Indicators

There is a big difference between Shimmick Stock performing well and Shimmick Common 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 Shimmick Common'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
AINSF	1.99	0.53	0.08	(1.16)	1.62	(5.51)	6.45	(4.76)	29.17
SSY	3.22	0.86	0.14	(0.63)	2.58	(4.93)	11.48	(4.49)	20.49
BYD	1.20	0.18	0.13	0.32	1.33	(1.36)	3.42	(1.43)	10.97
BILI	2.25	0.28	0.11	0.46	2.03	(2.49)	7.35	(3.83)	12.95
TKLF	1.62	0.28	0.09	0.81	1.48	(2.08)	4.70	(3.32)	10.30
FSTR	1.71	0.07	0.10	0.22	1.95	(1.87)	4.35	(3.05)	11.27
CDW	1.27	(0.03)	0.05	0.16	1.09	(1.51)	2.72	(2.48)	10.41
GMS	1.92	0.51	0.36	0.64	0.76	(2.36)	4.56	(2.61)	25.00

Shimmick Common Corporate Management

Steven Richards	Chief Officer	Profile
Devin Nordhagen	Executive Officer	Profile
Jose Penalver	Vice Operations	Profile
Amanda Mobley	Executive Officer	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