ASGN Correlations

ASGN Stock

USD 68.05 0.69 1.00%

The current 90-days correlation between ASGN Inc and ExlService Holdings is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASGN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASGN Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ASGN Correlation With Market

Weak diversification

The correlation between ASGN Inc and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASGN 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 ASGN 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 price.

Moving together with ASGN Stock

0.9	BV	BrightView Holdings	Pair Corr
0.65	FA	First Advantage Corp	Pair Corr
0.62	FC	Franklin Covey Earnings Call This Week	Pair Corr
0.69	NL	NL Industries	Pair Corr
0.95	DLHC	DLH Holdings Corp	Pair Corr
0.69	VCIG	VCI Global Limited	Pair Corr
0.75	VLTO	Veralto Sell-off Trend	Pair Corr
0.9	EXPO	Exponent	Pair Corr
0.81	AXR	AMREP	Pair Corr
0.74	BRC	Brady	Pair Corr
0.84	BTM	Bitcoin Depot	Pair Corr
0.91	FORR	Forrester Research	Pair Corr
0.87	CLH	Clean Harbors	Pair Corr
0.75	CXW	CoreCivic	Pair Corr
0.95	DLX	Deluxe	Pair Corr
0.87	DNB	Dun Bradstreet Holdings	Pair Corr
0.83	EFX	Equifax	Pair Corr

Moving against ASGN Stock

0.8	KC	Kingsoft Cloud Holdings Earnings Call Tomorrow	Pair Corr
0.72	WM	Waste Management	Pair Corr
0.7	VRSK	Verisk Analytics	Pair Corr
0.68	G	Genpact Limited	Pair Corr
0.63	LZ	LegalZoom	Pair Corr
0.48	ESGL	ESGL Holdings Limited	Pair Corr
0.4	VSEC	VSE Corporation	Pair Corr
0.35	MG	Mistras Group	Pair Corr
0.87	GDS	GDS Holdings Earnings Call This Week	Pair Corr
0.67	GFL	Gfl Environmental	Pair Corr
0.45	EBF	Ennis Inc	Pair Corr

Related Correlations Analysis

	EXLS	WNS	IT	HCKT	G	CACI	PRFT	LDOS	PSN	CD
EXLS		0.72	0.73	0.41	0.73	-0.41	0.0	-0.31	-0.35	0.0	EXLS
WNS	0.72		0.28	-0.01	0.77	-0.63	0.0	-0.61	-0.74	0.0	WNS
IT	0.73	0.28		0.69	0.14	0.13	0.0	0.26	0.27	0.0	IT
HCKT	0.41	-0.01	0.69		0.02	0.03	0.0	0.23	0.43	0.0	HCKT
G	0.73	0.77	0.14	0.02		-0.81	0.0	-0.75	-0.81	0.0	G
CACI	-0.41	-0.63	0.13	0.03	-0.81		0.0	0.97	0.84	0.0	CACI
PRFT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PRFT
LDOS	-0.31	-0.61	0.26	0.23	-0.75	0.97	0.0		0.88	0.0	LDOS
PSN	-0.35	-0.74	0.27	0.43	-0.81	0.84	0.0	0.88		0.0	PSN
CD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CD
	EXLS	WNS	IT	HCKT	G	CACI	PRFT	LDOS	PSN	CD

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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

LDOS	+ 0.97	CACI
PSN	+ 0.88	LDOS
PSN	+ 0.84	CACI
G	+ 0.77	WNS
IT	+ 0.73	EXLS
G	+ 0.73	EXLS

High negative correlations

PSN	- 0.81	G
CACI	- 0.81	G
LDOS	- 0.75	G
PSN	- 0.74	WNS
CACI	- 0.63	WNS
LDOS	- 0.61	WNS

Risk-Adjusted Indicators

There is a big difference between ASGN Stock performing well and ASGN 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 ASGN'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
EXLS	1.09	0.12	0.07	0.02	1.60	(1.05)	2.09	(2.63)	10.29
WNS	1.85	0.54	0.25	0.30	1.75	(2.15)	4.57	(3.21)	26.44
IT	1.02	(0.08)	0.00	(0.18)	0.00	0.00	1.90	(2.18)	5.12
HCKT	0.93	(0.14)	0.00	(0.32)	0.00	0.00	1.35	(2.29)	4.67
G	1.08	0.23	0.22	0.33	1.06	(1.23)	2.24	(2.26)	13.98
CACI	1.90	(0.12)	0.00	(0.41)	0.00	0.00	3.69	(4.30)	13.03
PRFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LDOS	1.36	(0.17)	0.00	(0.51)	0.00	0.00	2.69	(4.13)	11.05
PSN	1.71	(0.67)	0.00	(1.35)	0.00	0.00	2.54	(4.93)	13.43
CD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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