NV5 Global Correlations

NVEE Stock

USD 21.59 0.58 2.62%

The current 90-days correlation between NV5 Global and Construction Partners is 0.47 (i.e., Very weak diversification). The correlation of NV5 Global 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.

NV5 Global Correlation With Market

Very weak diversification

The correlation between NV5 Global and DJI is 0.58 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NV5 Global and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NV5 Global. 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 information on how to trade NV5 Stock refer to our How to Trade NV5 Stock guide.

Moving together with NV5 Stock

0.72

KBR

KBR Inc

Pair Corr

Moving against NV5 Stock

0.31	ESOA	Energy Services Fiscal Year End 16th of December 2024	Pair Corr
0.51	AGFY	Agrify Corp Trending	Pair Corr
0.34	DIST	Distoken Acquisition	Pair Corr

Related Correlations Analysis

	EME	FIX	PRIM	GVA	ROAD	MYRG	GLDD	KBR	MTRX	BLD
EME		0.97	0.95	0.97	0.94	0.94	0.91	0.0	0.94	-0.23	EME
FIX	0.97		0.92	0.93	0.93	0.9	0.92	-0.01	0.95	-0.12	FIX
PRIM	0.95	0.92		0.99	0.97	0.97	0.83	-0.08	0.9	-0.37	PRIM
GVA	0.97	0.93	0.99		0.97	0.97	0.85	-0.08	0.91	-0.37	GVA
ROAD	0.94	0.93	0.97	0.97		0.95	0.86	-0.03	0.89	-0.3	ROAD
MYRG	0.94	0.9	0.97	0.97	0.95		0.87	0.02	0.87	-0.38	MYRG
GLDD	0.91	0.92	0.83	0.85	0.86	0.87		0.25	0.87	-0.15	GLDD
KBR	0.0	-0.01	-0.08	-0.08	-0.03	0.02	0.25		-0.08	0.29	KBR
MTRX	0.94	0.95	0.9	0.91	0.89	0.87	0.87	-0.08		-0.16	MTRX
BLD	-0.23	-0.12	-0.37	-0.37	-0.3	-0.38	-0.15	0.29	-0.16		BLD
	EME	FIX	PRIM	GVA	ROAD	MYRG	GLDD	KBR	MTRX	BLD

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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	+ 0.99	PRIM
FIX	+ 0.97	EME
GVA	+ 0.97	EME
ROAD	+ 0.97	PRIM
MYRG	+ 0.97	PRIM
ROAD	+ 0.97	GVA

High negative correlations

BLD	- 0.38	MYRG
BLD	- 0.37	GVA
BLD	- 0.37	PRIM
BLD	- 0.3	ROAD
BLD	- 0.23	EME
BLD	- 0.16	MTRX

Risk-Adjusted Indicators

There is a big difference between NV5 Stock performing well and NV5 Global 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 NV5 Global'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
EME	1.41	0.28	0.14	0.31	1.92	(1.56)	3.31	(2.67)	10.81
FIX	1.86	0.35	0.13	0.28	2.94	(1.94)	5.28	(3.47)	17.05
PRIM	1.80	0.43	0.25	0.33	1.73	(2.25)	4.15	(1.78)	17.09
GVA	1.05	0.32	0.33	0.41	0.56	(1.35)	2.88	(1.32)	5.35
ROAD	2.37	0.43	0.24	0.30	2.10	(2.90)	6.10	(3.32)	16.71
MYRG	2.06	0.53	0.29	0.41	1.64	(2.50)	5.71	(3.02)	17.58
GLDD	1.56	0.14	0.12	0.20	1.54	(1.80)	3.82	(2.78)	11.23
KBR	1.34	(0.31)	0.00	(0.09)	0.00	0.00	2.54	(3.09)	16.92
MTRX	2.02	0.46	0.19	2.87	1.67	(2.47)	4.54	(2.63)	19.14
BLD	1.74	(0.12)	0.00	(0.04)	0.00	0.00	4.30	(4.45)	10.81

NV5 Global Corporate Management

Todd George	Chief West	Profile
Carl PE	Chief Officer	Profile
Alexander PE	CoChief Officer	Profile
Edward Codispoti	Chief Officer	Profile
Ben Heraud	CoChief Officer	Profile

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