Alight Correlations

ALIT Stock

USD 6.17 0.03 0.49%

The current 90-days correlation between Alight Inc and Paycor HCM is 0.11 (i.e., Average diversification). The correlation of Alight 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Alight Correlation With Market

Very weak diversification

The correlation between Alight Inc and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alight Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alight Inc. 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.

Moving together with Alight Stock

0.72	BV	BrightView Holdings	Pair Corr
0.79	FA	First Advantage Corp	Pair Corr
0.61	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.65	DLHC	DLH Holdings Corp	Pair Corr
0.76	VLTO	Veralto	Pair Corr
0.73	EXPO	Exponent	Pair Corr
0.69	ABM	ABM Industries	Pair Corr
0.81	AXR	AMREP	Pair Corr
0.84	BCO	Brinks Company	Pair Corr
0.75	BRC	Brady	Pair Corr
0.77	CIX	CompX International	Pair Corr
0.74	FORR	Forrester Research	Pair Corr
0.79	CLH	Clean Harbors	Pair Corr
0.68	DLX	Deluxe	Pair Corr
0.68	DNB	Dun Bradstreet Holdings	Pair Corr
0.61	EFX	Equifax	Pair Corr

Moving against Alight Stock

0.67	ESGL	ESGL Holdings Limited	Pair Corr
0.52	KC	Kingsoft Cloud Holdings Earnings Call Today	Pair Corr
0.43	LZ	LegalZoom	Pair Corr
0.39	WM	Waste Management	Pair Corr
0.37	MG	Mistras Group	Pair Corr
0.35	G	Genpact Limited	Pair Corr
0.34	VRSK	Verisk Analytics	Pair Corr
0.31	VSEC	VSE Corporation	Pair Corr
0.48	GDS	GDS Holdings Earnings Call This Week	Pair Corr
0.44	GFL	Gfl Environmental	Pair Corr

Related Correlations Analysis

	AMSWA	PYCR	APPF	AGYS	MIXT	ENV	CVT	CWAN	DSGX	MNTV
AMSWA		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	AMSWA
PYCR	0.0		-0.54	-0.72	0.0	0.0	0.0	-0.02	-0.28	0.0	PYCR
APPF	0.0	-0.54		0.84	0.0	0.0	0.0	-0.08	0.59	0.0	APPF
AGYS	0.0	-0.72	0.84		0.0	0.0	0.0	-0.18	0.45	0.0	AGYS
MIXT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MIXT
ENV	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	ENV
CVT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	CVT
CWAN	0.0	-0.02	-0.08	-0.18	0.0	0.0	0.0		0.24	0.0	CWAN
DSGX	0.0	-0.28	0.59	0.45	0.0	0.0	0.0	0.24		0.0	DSGX
MNTV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MNTV
	AMSWA	PYCR	APPF	AGYS	MIXT	ENV	CVT	CWAN	DSGX	MNTV

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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

AGYS	+ 0.84	APPF
DSGX	+ 0.59	APPF
DSGX	+ 0.45	AGYS
DSGX	+ 0.24	CWAN
PYCR	+ 0.0	AMSWA
APPF	+ 0.0	AMSWA

High negative correlations

AGYS	- 0.72	PYCR
APPF	- 0.54	PYCR
DSGX	- 0.28	PYCR
CWAN	- 0.18	AGYS
CWAN	- 0.08	APPF
CWAN	- 0.02	PYCR

Risk-Adjusted Indicators

There is a big difference between Alight Stock performing well and Alight 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 Alight'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
AMSWA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PYCR	0.98	0.27	0.30	1.81	0.66	(1.26)	1.37	(1.47)	26.32
APPF	1.56	(0.17)	0.00	(0.27)	0.00	0.00	2.40	(3.87)	11.12
AGYS	2.65	(0.68)	0.00	(0.96)	0.00	0.00	3.48	(5.60)	24.77
MIXT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ENV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CVT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWAN	1.82	(0.05)	0.00	(0.18)	0.00	0.00	3.61	(4.14)	15.32
DSGX	1.32	(0.18)	0.00	(0.29)	0.00	0.00	2.21	(3.69)	10.70
MNTV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Alight Corporate Management

Cesar Jelvez	Chief Officer	Profile
Robert Sturrus	Chief Officer	Profile
Jeremy Cohen	Vice Relations	Profile
Gregory Faje	VP Relations	Profile
Jeremy Heaton	Operating Officer	Profile
Stephan Scholl	CEO Director	Profile
Allison Bassiouni	Chief Officer	Profile

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