Great Lakes Related Correlations

GLDD Stock  USD 8.71  0.24  2.83%   
Generate correlation matrix for Great Lakes and other related equities to check the degree to which Great Lakes Dredge price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Great Lakes Dredge. To filter out specific equities, please toggle its corresponding legend item. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Great Lakes Dredge. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in unemployment.
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Is Great Lakes' 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 Great Lakes. If investors know Great 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 Great Lakes 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
0.292
Earnings Share
0.21
Revenue Per Share
8.871
Quarterly Revenue Growth
0.239
Return On Assets
0.0109
The market value of Great Lakes Dredge is measured differently than its book value, which is the value of Great that is recorded on the company's balance sheet. Investors also form their own opinion of Great Lakes' value that differs from its market value or its book value, called intrinsic value, which is Great Lakes' 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 Great Lakes' market value can be influenced by many factors that don't directly affect Great Lakes' 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 Great Lakes' value and its price as these two are different measures arrived at by different means. Investors typically determine if Great Lakes is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Great Lakes' 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.

Correlations

VATE
MTRX
ESOA
NVEE
VATE
-0.77-0.70.74
VATE
MTRX
-0.770.61-0.55
MTRX
ESOA
-0.70.61-0.39
ESOA
NVEE
0.74-0.55-0.39
NVEE
VATE
MTRX
ESOA
NVEE
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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   
NVEEVATE
ESOAMTRX
  
High negative correlations   
MTRXVATE
ESOAVATE
NVEEMTRX
NVEEESOA

Risk-Adjusted Indicators

There is a big difference between Great Stock performing well and Great Lakes 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 Great Lakes' 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.