Parsons Corp Correlations

PSN Stock

USD 59.01 1.84 3.02%

The current 90-days correlation between Parsons Corp and CACI International is 0.65 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parsons Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parsons Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Parsons Corp Correlation With Market

Good diversification

The correlation between Parsons Corp and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parsons Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parsons Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.

Moving together with Parsons Stock

0.91	DMRC	Digimarc	Pair Corr
0.97	VEEA	Veea Inc Symbol Change	Pair Corr
0.79	DTST	Data Storage Corp Earnings Call This Week	Pair Corr
0.67	DXC	DXC Technology	Pair Corr
0.8	FIS	Fidelity National	Pair Corr
0.84	UIS	Unisys	Pair Corr
0.9	VYX	NCR Voyix	Pair Corr
0.63	WYY	Widepoint C	Pair Corr
0.86	XRX	Xerox Corp	Pair Corr
0.83	GLOB	Globant SA	Pair Corr
0.82	INFY	Infosys Ltd ADR	Pair Corr
0.85	LDOS	Leidos Holdings Sell-off Trend	Pair Corr

Moving against Parsons Stock

0.91	VNET	VNET Group DRC Earnings Call This Week	Pair Corr
0.84	GDS	GDS Holdings Earnings Call This Week	Pair Corr
0.79	G	Genpact Limited	Pair Corr
0.68	FI	Fiserv,	Pair Corr
0.47	BR	Broadridge Financial	Pair Corr
0.8	IBEX	IBEX	Pair Corr
0.72	WNS	WNS Holdings	Pair Corr
0.7	IBM	International Business	Pair Corr
0.62	INOD	Innodata	Pair Corr
0.49	WRD	WeRide American Depo	Pair Corr

Related Correlations Analysis

	LDOS	CACI	ASGN	EXLS	G	SAIC	CLVT	WNS	NABL	PRFT
LDOS		0.98	0.82	-0.23	-0.75	0.91	0.65	-0.57	0.13	0.0	LDOS
CACI	0.98		0.75	-0.36	-0.8	0.95	0.56	-0.58	-0.01	0.0	CACI
ASGN	0.82	0.75		0.05	-0.66	0.63	0.93	-0.39	0.48	0.0	ASGN
EXLS	-0.23	-0.36	0.05		0.68	-0.4	0.22	0.63	0.42	0.0	EXLS
G	-0.75	-0.8	-0.66	0.68		-0.75	-0.49	0.72	-0.03	0.0	G
SAIC	0.91	0.95	0.63	-0.4	-0.75		0.45	-0.52	-0.08	0.0	SAIC
CLVT	0.65	0.56	0.93	0.22	-0.49	0.45		-0.28	0.68	0.0	CLVT
WNS	-0.57	-0.58	-0.39	0.63	0.72	-0.52	-0.28		-0.17	0.0	WNS
NABL	0.13	-0.01	0.48	0.42	-0.03	-0.08	0.68	-0.17		0.0	NABL
PRFT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PRFT
	LDOS	CACI	ASGN	EXLS	G	SAIC	CLVT	WNS	NABL	PRFT

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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

CACI	+ 0.98	LDOS
SAIC	+ 0.95	CACI
CLVT	+ 0.93	ASGN
SAIC	+ 0.91	LDOS
ASGN	+ 0.82	LDOS
ASGN	+ 0.75	CACI

High negative correlations

G	- 0.8	CACI
SAIC	- 0.75	G
G	- 0.75	LDOS
G	- 0.66	ASGN
WNS	- 0.58	CACI
WNS	- 0.57	LDOS

Risk-Adjusted Indicators

There is a big difference between Parsons Stock performing well and Parsons Corp 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 Parsons Corp'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
LDOS	1.30	(0.07)	0.00	0.31	0.00	0.00	2.69	(3.62)	11.05
CACI	1.85	(0.08)	0.00	0.07	0.00	0.00	3.69	(4.30)	13.03
ASGN	1.55	(0.34)	0.00	6.55	0.00	0.00	2.64	(4.67)	9.60
EXLS	1.09	0.09	0.11	(0.50)	1.41	(1.09)	2.09	(1.89)	10.29
G	1.05	0.32	0.35	(3.74)	0.79	(1.23)	2.24	(1.79)	13.98
SAIC	1.54	0.04	0.05	(1.26)	2.22	(1.76)	3.41	(4.16)	13.67
CLVT	1.61	(0.16)	0.00	(0.41)	0.00	0.00	2.91	(3.52)	11.31
WNS	1.85	0.62	0.40	4.60	1.26	(2.36)	4.57	(2.58)	26.44
NABL	1.78	(0.34)	0.00	0.29	0.00	0.00	2.89	(2.68)	32.78
PRFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Parsons Corp Corporate Management

Debra Fiori	Chief People Officer	Profile
Susan Balaguer	Chief Human Resource Officer	Profile
Letitia Long	Independent Director	Profile
James Shappell	Managing Chairman	Profile
Dana Turturro	Senior Acquisition	Profile

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