Barrett Business Correlations

BBSI Stock

USD 42.76 0.61 1.45%

The current 90-days correlation between Barrett Business Services and ExlService Holdings is 0.52 (i.e., Very weak diversification). The correlation of Barrett Business 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.

Barrett Business Correlation With Market

Poor diversification

The correlation between Barrett Business Services and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Barrett Business Services 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 Barrett Business Services. 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.

Moving together with Barrett Stock

0.63	BV	BrightView Holdings	Pair Corr
0.92	DRVN	Driven Brands Holdings	Pair Corr
0.87	KAR	KAR Auction Services	Pair Corr
0.73	UNF	Unifirst	Pair Corr
0.81	IIIV	i3 Verticals	Pair Corr
0.92	INOD	Innodata	Pair Corr
0.87	PYCR	Paycor HCM	Pair Corr
0.87	SPIR	Spire Global Symbol Change	Pair Corr
0.7	TASK	Taskus Inc	Pair Corr
0.82	CASS	Cass Information Systems Fiscal Year End 23rd of January 2025	Pair Corr
0.97	CSGS	CSG Systems International	Pair Corr
0.93	R	Ryder System	Pair Corr
0.89	DIST	Distoken Acquisition	Pair Corr
0.87	AL	Air Lease	Pair Corr
0.78	AZ	A2Z Smart Technologies	Pair Corr
0.73	BE	Bloom Energy Corp	Pair Corr
0.94	CR	Crane Company	Pair Corr
0.77	CW	Curtiss Wright	Pair Corr

Moving against Barrett Stock

0.69	CVEO	Civeo Corp	Pair Corr
0.57	PFMT	Performant Financial	Pair Corr
0.54	WHLM	Wilhelmina	Pair Corr
0.52	MMS	Maximus	Pair Corr
0.39	MLKN	MillerKnoll	Pair Corr
0.35	FA	First Advantage Corp	Pair Corr
0.68	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.66	CP	Canadian Pacific Railway	Pair Corr
0.65	MG	Mistras Group	Pair Corr
0.6	HY	Hyster Yale Materials	Pair Corr
0.56	RR	Richtech Robotics Class	Pair Corr
0.53	FC	Franklin Covey	Pair Corr
0.49	OP	Oceanpal	Pair Corr
0.47	SB	Safe Bulkers	Pair Corr

Related Correlations Analysis

	EXLS	WNS	IT	HCKT	G	CACI	LDOS	PSN	TTEC
EXLS		-0.41	0.76	0.79	0.82	0.44	0.75	0.54	0.16	EXLS
WNS	-0.41		-0.54	0.1	0.03	-0.53	-0.4	-0.65	-0.57	WNS
IT	0.76	-0.54		0.56	0.56	0.59	0.69	0.74	0.2	IT
HCKT	0.79	0.1	0.56		0.93	0.01	0.42	0.13	-0.19	HCKT
G	0.82	0.03	0.56	0.93		0.0	0.41	0.13	-0.14	G
CACI	0.44	-0.53	0.59	0.01	0.0		0.88	0.91	0.48	CACI
LDOS	0.75	-0.4	0.69	0.42	0.41	0.88		0.84	0.33	LDOS
PSN	0.54	-0.65	0.74	0.13	0.13	0.91	0.84		0.51	PSN
TTEC	0.16	-0.57	0.2	-0.19	-0.14	0.48	0.33	0.51		TTEC
	EXLS	WNS	IT	HCKT	G	CACI	LDOS	PSN	TTEC

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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

G	+ 0.93	HCKT
PSN	+ 0.91	CACI
LDOS	+ 0.88	CACI
PSN	+ 0.84	LDOS
G	+ 0.82	EXLS
HCKT	+ 0.79	EXLS

High negative correlations

PSN	- 0.65	WNS
TTEC	- 0.57	WNS
IT	- 0.54	WNS
CACI	- 0.53	WNS
WNS	- 0.41	EXLS
LDOS	- 0.4	WNS

Risk-Adjusted Indicators

There is a big difference between Barrett Stock performing well and Barrett Business 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 Barrett Business' 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	1.04	0.26	0.31	0.35	0.38	(1.34)	2.56	(1.41)	8.35
WNS	1.64	(0.30)	0.00	(0.20)	0.00	0.00	2.95	(3.12)	13.48
IT	0.80	0.00	0.00	0.12	1.06	(0.75)	1.37	(2.06)	7.23
HCKT	1.36	0.10	0.15	0.18	0.93	(1.74)	2.61	(1.80)	19.63
G	0.98	0.17	0.14	0.32	0.81	(1.12)	2.64	(1.63)	11.64
CACI	1.25	(0.09)	(0.04)	0.01	2.58	(1.08)	2.84	(4.18)	14.84
LDOS	1.22	0.03	0.01	0.16	2.86	(1.18)	2.17	(1.90)	23.10
PSN	1.12	(0.03)	(0.02)	0.09	2.11	(1.08)	2.89	(2.83)	15.20
TTEC	3.79	0.33	0.11	0.34	3.17	(5.12)	7.37	(4.94)	56.54

Barrett Business Corporate Management

James JD	General VP	Profile
James Potts	General VP	Profile
Anthony Harris	CFO, VP	Profile
Rachael Stutzman	Senior Marketing	Profile

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