WNS Holdings Correlations

WNS Stock

USD 64.64 1.14 1.80%

The current 90-days correlation between WNS Holdings and ASGN Inc is 0.29 (i.e., Modest diversification). The correlation of WNS Holdings 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.

WNS Holdings Correlation With Market

Significant diversification

The correlation between WNS Holdings and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding WNS Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WNS Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy WNS Stock please use our How to Invest in WNS Holdings guide.

Moving together with WNS Stock

0.72	G	Genpact Limited	Pair Corr
0.68	BR	Broadridge Financial	Pair Corr
0.66	VNET	VNET Group DRC Earnings Call This Week	Pair Corr
0.63	EXLS	ExlService Holdings	Pair Corr
0.62	IBEX	IBEX	Pair Corr

Moving against WNS Stock

0.69	VEEA	Veea Inc Symbol Change	Pair Corr
0.57	DMRC	Digimarc	Pair Corr
0.43	DTST	Data Storage Corp Earnings Call This Week	Pair Corr
0.34	FIS	Fidelity National	Pair Corr
0.72	PSN	Parsons Corp	Pair Corr
0.69	VYX	NCR Voyix	Pair Corr
0.62	WYY	Widepoint C	Pair Corr
0.6	INFY	Infosys Ltd ADR	Pair Corr
0.57	LDOS	Leidos Holdings Sell-off Trend	Pair Corr
0.49	XRX	Xerox Corp	Pair Corr
0.45	GLOB	Globant SA	Pair Corr
0.35	UIS	Unisys	Pair Corr

Related Correlations Analysis

	G	ASGN	CACI	PRFT	EXLS	IT	HCKT	SAIC	CLVT	TASK
G		-0.66	-0.8	0.0	0.68	0.07	0.15	-0.75	-0.49	-0.52	G
ASGN	-0.66		0.75	0.0	0.05	0.64	0.43	0.63	0.93	0.85	ASGN
CACI	-0.8	0.75		0.0	-0.36	0.11	-0.13	0.95	0.56	0.53	CACI
PRFT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PRFT
EXLS	0.68	0.05	-0.36	0.0		0.71	0.61	-0.4	0.22	0.11	EXLS
IT	0.07	0.64	0.11	0.0	0.71		0.8	-0.05	0.73	0.63	IT
HCKT	0.15	0.43	-0.13	0.0	0.61	0.8		-0.23	0.6	0.65	HCKT
SAIC	-0.75	0.63	0.95	0.0	-0.4	-0.05	-0.23		0.45	0.41	SAIC
CLVT	-0.49	0.93	0.56	0.0	0.22	0.73	0.6	0.45		0.89	CLVT
TASK	-0.52	0.85	0.53	0.0	0.11	0.63	0.65	0.41	0.89		TASK
	G	ASGN	CACI	PRFT	EXLS	IT	HCKT	SAIC	CLVT	TASK

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SAIC	+ 0.95	CACI
CLVT	+ 0.93	ASGN
TASK	+ 0.89	CLVT
TASK	+ 0.85	ASGN
HCKT	+ 0.8	IT
CACI	+ 0.75	ASGN

High negative correlations

CACI	- 0.8	G
SAIC	- 0.75	G
ASGN	- 0.66	G
TASK	- 0.52	G
CLVT	- 0.49	G
SAIC	- 0.4	EXLS

Risk-Adjusted Indicators

There is a big difference between WNS Stock performing well and WNS Holdings 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 WNS Holdings' 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
G	1.05	0.32	0.35	(3.74)	0.79	(1.23)	2.24	(1.79)	13.98
ASGN	1.55	(0.34)	0.00	6.55	0.00	0.00	2.64	(4.67)	9.60
CACI	1.85	(0.08)	0.00	0.07	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
EXLS	1.09	0.09	0.11	(0.50)	1.41	(1.09)	2.09	(1.89)	10.29
IT	1.01	(0.16)	0.00	1.43	0.00	0.00	1.76	(2.18)	4.99
HCKT	0.91	(0.12)	0.00	1.88	0.00	0.00	1.45	(2.21)	4.41
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
TASK	2.17	(0.26)	0.00	4.11	0.00	0.00	3.84	(5.41)	16.92

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC