EMCOR Correlations
| EME Stock | USD 338.89 0.81 0.24% |
The correlation of EMCOR 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as EMCOR moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if EMCOR Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Weak diversification
The correlation between EMCOR Group and NYA is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding EMCOR Group and NYA in the same portfolio, assuming nothing else is changed.
EMCOR |
The ability to find closely correlated positions to EMCOR could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace EMCOR when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back EMCOR - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling EMCOR Group to buy it.
Moving together with EMCOR Stock
| 0.77 | J | Jacobs Solutions Financial Report 14th of May 2024 | PairCorr |
| 0.96 | DY | Dycom Industries Financial Report 22nd of May 2024 | PairCorr |
| 0.82 | ACM | Aecom Technology Financial Report 13th of May 2024 | PairCorr |
| 0.65 | AGX | Argan Inc | PairCorr |
| 0.95 | APG | Api GroupCorp Earnings Call This Week | PairCorr |
| 0.73 | ENG | ENGlobal | PairCorr |
| 0.96 | FIX | Comfort Systems USA Earnings Call Tomorrow | PairCorr |
| 0.97 | GVA | Granite Construction Earnings Call This Week | PairCorr |
| 0.96 | MTZ | MasTec Inc Financial Report 2nd of May 2024 | PairCorr |
| 0.93 | ORN | Orion Group Holdings Earnings Call Today | PairCorr |
| 0.98 | PWR | Quanta Services Earnings Call This Week | PairCorr |
| 0.96 | TPC | Tutor Perini Earnings Call Today | PairCorr |
Moving against EMCOR Stock
| 0.89 | VATE | Innovate Corp | PairCorr |
| 0.88 | NVEE | NV5 Global Financial Report 2nd of May 2024 | PairCorr |
| 0.88 | AGFY | AgrifyCorp Report 26th of November 2024 | PairCorr |
| 0.64 | GLFH | Galenfeha | PairCorr |
| 0.43 | SHIM | Shimmick Common | PairCorr |
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Risk-Adjusted Indicators
There is a big difference between EMCOR Stock performing well and EMCOR 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 EMCOR'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MYRG | 1.89 | 0.05 | 0.06 | 0.11 | 2.39 | 3.25 | 8.98 | |||
| BLD | 1.69 | (0.10) | 0.01 | 0.04 | 1.98 | 3.08 | 11.23 | |||
| APG | 1.34 | 0.13 | 0.12 | 0.15 | 1.40 | 3.02 | 11.83 | |||
| DY | 1.29 | 0.18 | 0.14 | 0.19 | 1.47 | 2.55 | 6.91 | |||
| FIX | 1.94 | 0.48 | 0.29 | 0.32 | 1.60 | 4.15 | 17.56 | |||
| PRIM | 1.67 | 0.32 | 0.21 | 0.25 | 1.66 | 4.32 | 12.86 | |||
| GVA | 1.15 | 0.18 | 0.16 | 0.22 | 1.01 | 2.46 | 7.39 | |||
| ROAD | 1.67 | 0.16 | 0.09 | 0.18 | 2.38 | 3.22 | 10.85 | |||
| MTRX | 2.04 | 0.26 | 0.15 | 0.31 | 1.57 | 5.28 | 27.04 | |||
| MTZ | 2.02 | 0.27 | 0.19 | 0.19 | 1.96 | 3.53 | 16.74 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in EMCOR without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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EMCOR Corporate Directors
EMCOR corporate directors refer to members of an EMCOR board of directors. The board of directors generally takes responsibility for the EMCOR's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of EMCOR's board members must vote for the resolution. The EMCOR board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| William Reid | Independent Director | Profile | |
| Michael Yonker | Independent Director | Profile | |
| David Brown | Independent Director | Profile | |
| Carol Lowe | Independent Director | Profile |
Already Invested in EMCOR Group?
The danger of trading EMCOR Group is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of EMCOR is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than EMCOR. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile EMCOR Group is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether EMCOR Group is a strong investment it is important to analyze EMCOR's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact EMCOR's future performance. For an informed investment choice regarding EMCOR Stock, refer to the following important reports: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EMCOR Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Complementary Tools for EMCOR Stock analysis
When running EMCOR's price analysis, check to measure EMCOR's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy EMCOR is operating at the current time. Most of EMCOR's value examination focuses on studying past and present price action to predict the probability of EMCOR's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move EMCOR's price. Additionally, you may evaluate how the addition of EMCOR to your portfolios can decrease your overall portfolio volatility.
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Is EMCOR's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of EMCOR. If investors know EMCOR will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about EMCOR listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.696 | Dividend Share 0.72 | Earnings Share 13.32 | Revenue Per Share 265.694 | Quarterly Revenue Growth 0.166 |
The market value of EMCOR Group is measured differently than its book value, which is the value of EMCOR that is recorded on the company's balance sheet. Investors also form their own opinion of EMCOR's value that differs from its market value or its book value, called intrinsic value, which is EMCOR's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because EMCOR's market value can be influenced by many factors that don't directly affect EMCOR's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between EMCOR's value and its price as these two are different measures arrived at by different means. Investors typically determine if EMCOR is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, EMCOR's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.