Alithya Correlations

Summary

ALYADelisted Stock

USD 1.84 0.06 3.16%

The current 90-days correlation between Alithya Group and CSP Inc is 0.45 (i.e., Very weak diversification). The correlation of Alithya 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.

Alithya Correlation With Market

Weak diversification

The correlation between Alithya Group and DJI 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 Alithya Group and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

Moving together with Alithya Stock

0.64	EC	Ecopetrol SA ADR Sell-off Trend	Pair Corr
0.66	PG	Procter Gamble Sell-off Trend	Pair Corr

Moving against Alithya Stock

0.47	SSNLF	Samsung Electronics	Pair Corr
0.32	CSCO	Cisco Systems Sell-off Trend	Pair Corr

Related Correlations Analysis

	FORTY	CSPI	NYAX	III	BBAI	NOTE	CTG	GDYN	G	EXLS
FORTY		0.26	0.79	0.12	0.43	-0.71	0.75	0.68	0.4	0.7	FORTY
CSPI	0.26		0.42	0.72	0.75	-0.33	0.41	0.56	0.61	0.53	CSPI
NYAX	0.79	0.42		0.3	0.68	-0.86	0.78	0.81	0.62	0.85	NYAX
III	0.12	0.72	0.3		0.58	-0.31	0.23	0.5	0.72	0.49	III
BBAI	0.43	0.75	0.68	0.58		-0.65	0.65	0.8	0.77	0.77	BBAI
NOTE	-0.71	-0.33	-0.86	-0.31	-0.65		-0.81	-0.82	-0.74	-0.89	NOTE
CTG	0.75	0.41	0.78	0.23	0.65	-0.81		0.85	0.59	0.83	CTG
GDYN	0.68	0.56	0.81	0.5	0.8	-0.82	0.85		0.84	0.94	GDYN
G	0.4	0.61	0.62	0.72	0.77	-0.74	0.59	0.84		0.86	G
EXLS	0.7	0.53	0.85	0.49	0.77	-0.89	0.83	0.94	0.86		EXLS
	FORTY	CSPI	NYAX	III	BBAI	NOTE	CTG	GDYN	G	EXLS

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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

EXLS	+ 0.94	GDYN
EXLS	+ 0.86	G
EXLS	+ 0.85	NYAX
GDYN	+ 0.85	CTG
G	+ 0.84	GDYN
EXLS	+ 0.83	CTG

High negative correlations

EXLS	- 0.89	NOTE
NOTE	- 0.86	NYAX
GDYN	- 0.82	NOTE
CTG	- 0.81	NOTE
G	- 0.74	NOTE
NOTE	- 0.71	FORTY

Risk-Adjusted Indicators

There is a big difference between Alithya Stock performing well and Alithya 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 Alithya'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
FORTY	1.95	0.28	0.02	(0.33)	2.62	(2.43)	3.76	(4.95)	14.81
CSPI	2.55	0.06	0.05	0.16	3.25	(2.70)	4.57	(4.98)	31.02
NYAX	2.33	0.28	0.09	0.37	2.69	(2.61)	6.75	(4.00)	19.01
III	1.44	(0.06)	0.01	0.09	1.67	(1.92)	3.16	(2.46)	9.32
BBAI	4.28	0.52	0.12	0.44	4.37	(5.30)	11.36	(7.85)	28.29
NOTE	2.67	(0.72)	0.00	(0.29)	0.00	0.00	5.00	(6.38)	18.73
CTG	1.34	0.26	0.08	(1.44)	1.26	(1.72)	2.72	(2.11)	8.01
GDYN	2.18	0.29	0.14	0.31	2.31	(2.42)	5.35	(4.27)	14.75
G	0.99	0.15	0.12	0.30	0.82	(1.15)	2.64	(1.63)	11.64
EXLS	1.05	0.23	0.28	0.34	0.45	(1.33)	2.56	(1.41)	8.35

Alithya Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Alithya stock to make a market-neutral strategy. Peer analysis of Alithya could also be used in its relative valuation, which is a method of valuing Alithya by comparing valuation metrics with similar companies.

Formula Systems 1985 CSP Inc Nayax Information Services Group BigBearai Holdings FiscalNote Holdings Computer Task Group Grid Dynamics Holdings Genpact Limited ExlService Holdings Science Applications International CLARIVATE PLC WNS Holdings The Hackett Group American Airlines Group

Risk & Return

Correlation

Alithya Corporate Management

Nigel Fonseca	Senior Canada	Profile
John Scandar	VP US	Profile
Giulia Cirillo	Chief Officer	Profile
CA CBV	Chief Officer	Profile

Still Interested in Alithya Group?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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