ASGN Correlations

ASGN Stock

USD 75.41 1.84 2.38%

The current 90-days correlation between ASGN Inc and WNS Holdings is 0.28 (i.e., Modest 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

Very weak diversification

The correlation between ASGN Inc and DJI is 0.4 (i.e., Very 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

0.71	BV	BrightView Holdings	Pair Corr
0.75	DLHC	DLH Holdings Corp	Pair Corr
0.72	EXPO	Exponent	Pair Corr
0.61	WLDN	Willdan Group	Pair Corr
0.68	CLH	Clean Harbors Earnings Call This Week	Pair Corr
0.73	DLX	Deluxe	Pair Corr
0.71	KBR	KBR Inc Earnings Call This Week	Pair Corr

Moving against ASGN Stock

0.65	KC	Kingsoft Cloud Holdings Upward Rally	Pair Corr
0.34	G	Genpact Limited	Pair Corr
0.33	INOD	Innodata Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EXLS	WNS	IT	HCKT	G	CACI	PRFT	LDOS	PSN	CD
EXLS		0.82	0.63	0.4	0.86	-0.42	0.0	-0.33	-0.71	0.0	EXLS
WNS	0.82		0.77	0.46	0.76	-0.23	0.0	-0.12	-0.57	0.0	WNS
IT	0.63	0.77		0.38	0.53	0.29	0.0	0.38	-0.09	0.0	IT
HCKT	0.4	0.46	0.38		0.46	-0.11	0.0	0.07	-0.11	0.0	HCKT
G	0.86	0.76	0.53	0.46		-0.38	0.0	-0.26	-0.65	0.0	G
CACI	-0.42	-0.23	0.29	-0.11	-0.38		0.0	0.98	0.89	0.0	CACI
PRFT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PRFT
LDOS	-0.33	-0.12	0.38	0.07	-0.26	0.98	0.0		0.86	0.0	LDOS
PSN	-0.71	-0.57	-0.09	-0.11	-0.65	0.89	0.0	0.86		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	+ 0.98	CACI
PSN	+ 0.89	CACI
G	+ 0.86	EXLS
PSN	+ 0.86	LDOS
WNS	+ 0.82	EXLS
IT	+ 0.77	WNS

High negative correlations

PSN	- 0.71	EXLS
PSN	- 0.65	G
PSN	- 0.57	WNS
CACI	- 0.42	EXLS
CACI	- 0.38	G
LDOS	- 0.33	EXLS

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	0.97	0.16	0.15	0.20	0.89	(1.13)	2.56	(1.60)	6.78
WNS	1.81	0.14	0.06	0.09	2.34	(1.81)	2.69	(3.44)	25.21
IT	0.80	(0.10)	0.00	(0.17)	0.00	0.00	1.76	(1.60)	4.48
HCKT	0.91	0.04	0.03	0.07	1.45	(0.80)	1.51	(2.21)	5.85
G	1.01	0.28	0.27	0.92	0.74	(1.22)	2.33	(1.77)	12.16
CACI	1.94	(0.76)	0.00	(2.20)	0.00	0.00	3.44	(4.84)	13.87
PRFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LDOS	1.58	(0.59)	0.00	(1.15)	0.00	0.00	2.44	(4.53)	15.10
PSN	1.43	(0.63)	0.00	(2.38)	0.00	0.00	1.90	(3.36)	14.58
CD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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