Sterling Construction Correlations

STRL Stock

USD 344.31 4.56 1.34%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sterling Construction moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sterling Construction moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Sterling Construction Correlation With Market

Very weak diversification

The correlation between Sterling Construction and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sterling Construction and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Sterling Stock

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

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

Moving together with Sterling Stock

0.8	ECG	Everus Construction	Pair Corr
0.65	600512	Tengda Construction	Pair Corr
0.81	PGINVIT-IV	POWERGRID Infrastructure	Pair Corr
0.67	600496	Changjiang Jinggong Steel	Pair Corr
0.77	002062	Hongrun Construction	Pair Corr
0.69	BDT	Bird Construction	Pair Corr

Moving against Sterling Stock

0.64	300732	Henan Provincial Com	Pair Corr
0.63	300284	Jsti Group	Pair Corr
0.54	002551	Shenzhen Glory Medical	Pair Corr
0.54	300597	Jilin Jlu Communication	Pair Corr
0.46	603176	Huitong Construction	Pair Corr
0.45	GVA	Granite Construction	Pair Corr
0.38	MSP	Minaean SP Construction	Pair Corr
0.37	MANINFRA	Man Infraconstruction	Pair Corr
0.66	AAGH	America Great Health	Pair Corr
0.33	PNCINFRA	PNC Infratech Limited	Pair Corr

Related Correlations Analysis

	PKSGY	NDCVF	ON	NXPI	RYAM	FRCOF	QKLS	RRETY
PKSGY		0.0	0.0	0.0	0.0	0.0	-1.0	0.0	PKSGY
NDCVF	0.0		0.66	0.82	0.53	-0.45	0.0	0.68	NDCVF
ON	0.0	0.66		0.51	0.55	0.01	0.0	0.47	ON
NXPI	0.0	0.82	0.51		0.31	-0.62	0.0	0.74	NXPI
RYAM	0.0	0.53	0.55	0.31		-0.3	0.0	0.36	RYAM
FRCOF	0.0	-0.45	0.01	-0.62	-0.3		0.0	-0.22	FRCOF
QKLS	-1.0	0.0	0.0	0.0	0.0	0.0		0.0	QKLS
RRETY	0.0	0.68	0.47	0.74	0.36	-0.22	0.0		RRETY
	PKSGY	NDCVF	ON	NXPI	RYAM	FRCOF	QKLS	RRETY

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

NXPI	+ 0.82	NDCVF
RRETY	+ 0.74	NXPI
RRETY	+ 0.68	NDCVF
ON	+ 0.66	NDCVF
RYAM	+ 0.55	ON
RYAM	+ 0.53	NDCVF

High negative correlations

QKLS	- 1.0	PKSGY
FRCOF	- 0.62	NXPI
FRCOF	- 0.45	NDCVF
FRCOF	- 0.3	RYAM
RRETY	- 0.22	FRCOF
RRETY	- 0.0	QKLS

Risk-Adjusted Indicators

There is a big difference between Sterling Stock performing well and Sterling Construction 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 Sterling Construction'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
PKSGY	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NDCVF	1.82	(0.45)	0.00	(1.67)	0.00	0.00	4.25	(4.83)	12.22
ON	2.11	(0.15)	(0.03)	0.00	2.51	(2.41)	4.49	(4.32)	15.27
NXPI	1.53	(0.39)	0.00	(0.16)	0.00	0.00	2.76	(3.87)	10.01
RYAM	1.94	0.27	0.10	0.30	2.45	(2.03)	5.11	(3.52)	14.03
FRCOF	1.57	0.06	0.01	0.15	2.37	(4.09)	5.03	(6.82)	19.25
QKLS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RRETY	0.36	(0.22)	0.00	(0.38)	0.00	0.00	0.00	0.00	11.97

Sterling Construction Corporate Executives

Elected by the shareholders, the Sterling Construction's board of directors comprises two types of representatives: Sterling Construction inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sterling. The board's role is to monitor Sterling Construction's management team and ensure that shareholders' interests are well served. Sterling Construction'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, Sterling Construction's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Sharon Villaverde	CFO Officer	Profile
	Ronald Ballschmiede	CFO and Executive VP	Profile

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