ASGN Correlations

ASGN Stock

USD 41.43 0.42 1.00%

The current 90-days correlation between ASGN Inc and ePlus inc is 0.45 (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

Poor diversification

The correlation between ASGN Inc and DJI is 0.69 (i.e., Poor 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.

Build AI portfolio with ASGN Stock

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 census.

Moving together with ASGN Stock

0.66	MMS	Mcmillan Shakespeare	Pair Corr
0.76	ROF	Kforce Inc	Pair Corr
0.68	BB1	Barrett Business Services	Pair Corr
0.86	KFY	Korn Ferry	Pair Corr
0.77	MAN	ManpowerGroup	Pair Corr
0.83	NSP	Insperity	Pair Corr
0.79	RHI	Robert Half International	Pair Corr
0.66	KELYA	Kelly Services A	Pair Corr
0.63	KFY	Korn Ferry	Pair Corr
0.81	ASF	Insperity	Pair Corr
0.64	MPW	ManpowerGroup	Pair Corr
0.9	KFRC	Kforce Inc	Pair Corr

Moving against ASGN Stock

0.45	FVRR	Fiverr International	Pair Corr
0.7	GLXG	Galaxy Payroll Group	Pair Corr
0.61	SDG	Synergie SE	Pair Corr
0.58	AAD	Amadeus FiRe AG	Pair Corr
0.52	HAS	Hays plc	Pair Corr
0.5	RSH	Randstad NV	Pair Corr
0.48	3MI	PageGroup plc	Pair Corr
0.35	SEK	Seek Earnings Call Tomorrow	Pair Corr
0.35	3BY3	Brunel International Earnings Call This Week	Pair Corr
0.57	AAD	Amadeus Fire AG	Pair Corr
0.43	RAND	Randstad NV	Pair Corr

Related Correlations Analysis

	PLUS	CXM	DXC	BBAI	AI	FORTY	TDC	EVTC	BELFB	INOD
PLUS		0.7	0.09	0.63	0.73	-0.43	-0.15	0.43	-0.64	0.08	PLUS
CXM	0.7		0.27	0.78	0.91	-0.41	0.13	0.61	-0.71	0.35	CXM
DXC	0.09	0.27		0.13	0.1	0.47	0.45	0.32	0.42	0.04	DXC
BBAI	0.63	0.78	0.13		0.86	-0.27	0.03	0.66	-0.61	0.63	BBAI
AI	0.73	0.91	0.1	0.86		-0.52	0.08	0.45	-0.72	0.45	AI
FORTY	-0.43	-0.41	0.47	-0.27	-0.52		-0.02	0.11	0.67	-0.03	FORTY
TDC	-0.15	0.13	0.45	0.03	0.08	-0.02		-0.06	0.37	-0.08	TDC
EVTC	0.43	0.61	0.32	0.66	0.45	0.11	-0.06		-0.4	0.55	EVTC
BELFB	-0.64	-0.71	0.42	-0.61	-0.72	0.67	0.37	-0.4		-0.26	BELFB
INOD	0.08	0.35	0.04	0.63	0.45	-0.03	-0.08	0.55	-0.26		INOD
	PLUS	CXM	DXC	BBAI	AI	FORTY	TDC	EVTC	BELFB	INOD

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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

AI	+ 0.91	CXM
AI	+ 0.86	BBAI
BBAI	+ 0.78	CXM
AI	+ 0.73	PLUS
CXM	+ 0.7	PLUS
BELFB	+ 0.67	FORTY

High negative correlations

BELFB	- 0.72	AI
BELFB	- 0.71	CXM
BELFB	- 0.64	PLUS
BELFB	- 0.61	BBAI
FORTY	- 0.52	AI
FORTY	- 0.43	PLUS

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
PLUS	1.37	(0.14)	0.00	(0.05)	0.00	0.00	2.82	(2.66)	8.05
CXM	1.64	(0.50)	0.00	(0.52)	0.00	0.00	2.65	(4.89)	10.05
DXC	2.12	(0.08)	(0.01)	0.01	3.24	(2.08)	4.74	(5.28)	17.54
BBAI	4.92	(0.53)	0.00	(0.09)	0.00	0.00	15.08	(8.70)	29.89
AI	2.92	(0.71)	0.00	(0.19)	0.00	0.00	4.87	(5.57)	20.35
FORTY	3.50	0.27	0.03	2.17	5.75	(3.24)	7.00	(8.30)	31.35
TDC	2.27	0.29	0.09	0.32	2.78	(2.41)	4.26	(3.67)	41.05
EVTC	1.49	(0.09)	0.00	(0.03)	0.00	0.00	2.94	(3.14)	11.68
BELFB	2.24	0.44	0.14	0.33	2.77	(2.32)	4.91	(4.41)	10.06
INOD	3.64	(0.65)	0.00	(0.25)	0.00	0.00	10.53	(8.79)	30.46

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