Concentrix Correlations

CNXC Stock

USD 44.77 1.05 2.40%

The current 90-days correlation between Concentrix and Oneconnect Financial Technology is -0.03 (i.e., Good diversification). The correlation of Concentrix 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.

Concentrix Correlation With Market

Modest diversification

The correlation between Concentrix and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Concentrix 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 Concentrix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

For information on how to trade Concentrix Stock refer to our How to Trade Concentrix Stock guide.

Moving together with Concentrix Stock

0.93	DLHC	DLH Holdings Corp Fiscal Year End 4th of December 2024	Pair Corr
0.79	VCIG	VCI Global Limited	Pair Corr
0.93	WHLM	Wilhelmina	Pair Corr
0.82	FORR	Forrester Research	Pair Corr
0.88	EFX	Equifax	Pair Corr
0.62	FCN	FTI Consulting	Pair Corr

Moving against Concentrix Stock

0.92	NL	NL Industries	Pair Corr
0.75	SQ	Block Inc	Pair Corr
0.74	BR	Broadridge Financial	Pair Corr
0.68	WM	Waste Management	Pair Corr
0.66	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.64	LZ	LegalZoom	Pair Corr
0.62	BV	BrightView Holdings	Pair Corr
0.59	DRVN	Driven Brands Holdings	Pair Corr
0.5	G	Genpact Limited	Pair Corr
0.88	FOUR	Shift4 Payments	Pair Corr
0.86	ADP	Automatic Data Processing Sell-off Trend	Pair Corr
0.84	EXLS	ExlService Holdings	Pair Corr
0.81	WLDN	Willdan Group	Pair Corr
0.71	VSEC	VSE Corporation	Pair Corr
0.62	ESGL	ESGL Holdings Limited	Pair Corr
0.6	ARC	ARC Document Solutions	Pair Corr
0.45	CIX	CompX International	Pair Corr
0.44	VRSK	Verisk Analytics	Pair Corr
0.8	VVI	Viad Corp	Pair Corr
0.43	FTEK	Fuel Tech	Pair Corr
0.39	UNF	Unifirst	Pair Corr
0.36	RBA	RB Global	Pair Corr
0.31	KAR	KAR Auction Services	Pair Corr

Related Correlations Analysis

	OCFT	GBTG	ALIT	LAW	HTCR	IFBD	SMAR	SPT	RSKD	DOMO
OCFT		0.41	0.06	0.65	0.49	0.7	0.75	-0.15	-0.68	0.33	OCFT
GBTG	0.41		0.7	0.21	0.79	0.25	0.62	0.06	-0.51	0.76	GBTG
ALIT	0.06	0.7		-0.1	0.39	0.16	0.11	0.37	-0.04	0.57	ALIT
LAW	0.65	0.21	-0.1		0.36	0.66	0.64	-0.13	-0.4	0.11	LAW
HTCR	0.49	0.79	0.39	0.36		0.27	0.73	-0.08	-0.61	0.71	HTCR
IFBD	0.7	0.25	0.16	0.66	0.27		0.52	0.06	-0.42	0.24	IFBD
SMAR	0.75	0.62	0.11	0.64	0.73	0.52		-0.37	-0.8	0.34	SMAR
SPT	-0.15	0.06	0.37	-0.13	-0.08	0.06	-0.37		0.51	0.25	SPT
RSKD	-0.68	-0.51	-0.04	-0.4	-0.61	-0.42	-0.8	0.51		-0.29	RSKD
DOMO	0.33	0.76	0.57	0.11	0.71	0.24	0.34	0.25	-0.29		DOMO
	OCFT	GBTG	ALIT	LAW	HTCR	IFBD	SMAR	SPT	RSKD	DOMO

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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

HTCR	+ 0.79	GBTG
DOMO	+ 0.76	GBTG
SMAR	+ 0.75	OCFT
SMAR	+ 0.73	HTCR
DOMO	+ 0.71	HTCR
IFBD	+ 0.7	OCFT

High negative correlations

RSKD	- 0.8	SMAR
RSKD	- 0.68	OCFT
RSKD	- 0.61	HTCR
RSKD	- 0.51	GBTG
RSKD	- 0.42	IFBD
RSKD	- 0.4	LAW

Risk-Adjusted Indicators

There is a big difference between Concentrix Stock performing well and Concentrix 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 Concentrix'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
OCFT	7.73	1.34	0.16	1.49	7.30	(9.59)	27.92	(11.73)	75.58
GBTG	1.68	0.27	0.20	0.27	1.42	(2.15)	4.01	(2.48)	13.29
ALIT	1.60	0.05	0.06	0.15	1.59	(1.92)	3.18	(2.36)	19.70
LAW	1.54	(0.05)	0.02	0.09	1.78	(1.77)	3.63	(3.18)	10.88
HTCR	5.60	0.74	0.15	0.34	5.90	(6.58)	14.14	(10.17)	26.35
IFBD	3.32	0.03	(0.02)	0.33	4.34	(3.58)	8.11	(7.55)	25.02
SMAR	0.75	0.20	0.09	6.27	0.53	(0.89)	3.28	(1.75)	8.19
SPT	2.25	(0.15)	(0.02)	0.03	3.24	(2.46)	5.77	(4.06)	20.42
RSKD	1.57	(0.17)	(0.05)	0.00	2.40	(1.44)	2.62	(3.67)	12.56
DOMO	2.18	0.13	0.06	0.21	2.45	(2.29)	4.41	(4.10)	10.59

Concentrix Corporate Management

David Stein	Vice Relations	Profile
Andre Valentine	Chief Officer	Profile
Jason Marasigan	Senior Development	Profile
Diane Hanson	Global Solutions	Profile
Richard Rosso	Executive Catalyst	Profile
Winnie Sun	Senior Delivery	Profile

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