Alight Correlations

ALIT Stock

USD 1.31 0.02 1.55%

The current 90-days correlation between Alight Inc and Lightspeed Commerce is 0.28 (i.e., Modest 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

Pay attention - limited upside

The correlation between Alight Inc and DJI is -0.73 (i.e., Pay attention - limited upside) 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.

Build AI portfolio with Alight Stock

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

0.95	FVRR	Fiverr International Earnings Call This Week	Pair Corr
0.66	GLXG	Galaxy Payroll Group	Pair Corr
0.77	SEK	Seek	Pair Corr
0.63	SDG	Synergie SE	Pair Corr
0.75	3BY3	Brunel International Earnings Call This Week	Pair Corr
0.91	RSH	Randstad NV	Pair Corr
0.79	AAD	Amadeus FiRe AG	Pair Corr
0.88	3MI	PageGroup plc	Pair Corr
0.9	HAS	Hays plc	Pair Corr

Moving against Alight Stock

0.82	HQI	Hirequest	Pair Corr
0.82	JOB	GEE Group	Pair Corr
0.77	KYSA	Kelly Services	Pair Corr
0.76	4LU	GEE GROUP INC	Pair Corr
0.72	STAF	Staffline Group Plc	Pair Corr
0.59	ROF	Kforce Inc	Pair Corr
0.57	MAN	ManpowerGroup	Pair Corr
0.56	MMS	Mcmillan Shakespeare	Pair Corr
0.56	HIT	Hitech Group Australia	Pair Corr
0.32	RHI	Robert Half International	Pair Corr
0.31	NSP	Insperity	Pair Corr
0.85	MNZ	GATTACA PLC LS	Pair Corr
0.79	KELYA	Kelly Services A	Pair Corr
0.61	KELYB	Kelly Services B	Pair Corr
0.57	MPW	ManpowerGroup	Pair Corr
0.35	CWL	Caldwell Partners	Pair Corr
0.91	BGK0	BGSF INC DL	Pair Corr
0.84	GATC	GATTACA Plc	Pair Corr

Related Correlations Analysis

	LSPD	KDK	PRCH	KARO	PAR	MLNK	ADEA	PD	RZLV	DV
LSPD		0.15	0.7	-0.35	0.92	-0.12	-0.27	0.81	0.39	0.86	LSPD
KDK	0.15		-0.35	0.4	-0.01	0.6	0.76	-0.27	0.16	0.3	KDK
PRCH	0.7	-0.35		-0.59	0.78	-0.39	-0.6	0.76	0.21	0.47	PRCH
KARO	-0.35	0.4	-0.59		-0.57	0.62	0.52	-0.66	-0.3	-0.1	KARO
PAR	0.92	-0.01	0.78	-0.57		-0.23	-0.38	0.84	0.48	0.73	PAR
MLNK	-0.12	0.6	-0.39	0.62	-0.23		0.59	-0.61	-0.08	0.19	MLNK
ADEA	-0.27	0.76	-0.6	0.52	-0.38	0.59		-0.62	0.28	-0.13	ADEA
PD	0.81	-0.27	0.76	-0.66	0.84	-0.61	-0.62		0.27	0.57	PD
RZLV	0.39	0.16	0.21	-0.3	0.48	-0.08	0.28	0.27		0.18	RZLV
DV	0.86	0.3	0.47	-0.1	0.73	0.19	-0.13	0.57	0.18		DV
	LSPD	KDK	PRCH	KARO	PAR	MLNK	ADEA	PD	RZLV	DV

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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

PAR	+ 0.92	LSPD
DV	+ 0.86	LSPD
PD	+ 0.84	PAR
PD	+ 0.81	LSPD
PAR	+ 0.78	PRCH
ADEA	+ 0.76	KDK

High negative correlations

PD	- 0.66	KARO
PD	- 0.62	ADEA
PD	- 0.61	MLNK
ADEA	- 0.6	PRCH
KARO	- 0.59	PRCH
PAR	- 0.57	KARO

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
LSPD	1.82	(0.60)	0.00	(0.34)	0.00	0.00	2.54	(5.21)	15.21
KDK	3.54	0.25	0.05	0.70	4.61	(4.04)	8.29	(6.73)	20.14
PRCH	2.72	(0.30)	0.00	(0.11)	0.00	0.00	4.27	(6.30)	16.76
KARO	1.72	0.01	0.01	0.05	1.94	(1.97)	4.32	(3.61)	12.10
PAR	2.81	(0.99)	0.00	(0.41)	0.00	0.00	4.39	(7.75)	17.98
MLNK	0.90	0.31	0.29	0.89	0.15	(1.32)	1.15	(0.96)	25.01
ADEA	2.37	0.44	0.20	0.25	1.99	(2.79)	4.89	(3.51)	36.55
PD	2.51	(1.23)	0.00	(1.63)	0.00	0.00	3.09	(9.08)	25.47
RZLV	6.64	(0.44)	0.00	(0.07)	0.00	0.00	14.15	(9.73)	51.01
DV	1.46	(0.24)	0.00	(0.73)	0.00	0.00	2.64	(3.40)	11.25

Alight Corporate Management

Stephen Rush	Chief Officer	Profile
Robert Sturrus	Chief Officer	Profile
Gregory Faje	VP Relations	Profile
Katie Rooney	Global Officer	Profile
Paulette Dodson	Co Sec	Profile
Greg Giometti	Interim Officer	Profile

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