Concentrix Correlations

CNXC Stock

USD 53.49 0.47 0.87%

The current 90-days correlation between Concentrix and Genpact Limited is 0.13 (i.e., Average 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 0.28 (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

0.63

UNF

Unifirst

Pair Corr

Moving against Concentrix Stock

0.4	VIRC	Virco Manufacturing	Pair Corr
0.36	FC	Franklin Covey	Pair Corr
0.57	RTO	Rentokil Initial PLC	Pair Corr
0.57	ZONE	CleanCore Solutions	Pair Corr
0.47	LICN	Lichen China Limited	Pair Corr
0.38	DSS	DSS Inc	Pair Corr
0.6	CDTG	CDT Environmental	Pair Corr
0.57	LICY	LiCycle Holdings Corp	Pair Corr
0.44	CASS	Cass Information Systems	Pair Corr
0.41	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.39	EVGOW	EVgo Equity Warrants	Pair Corr

Related Correlations Analysis

	G	EXLS	SAIC	CLVT	WNS	ASGN	CACI	PRFT	LDOS	PSN
G		0.85	-0.5	-0.51	0.46	-0.13	-0.47	0.53	-0.25	-0.48	G
EXLS	0.85		-0.49	-0.48	0.53	0.03	-0.44	0.64	-0.23	-0.48	EXLS
SAIC	-0.5	-0.49		0.29	0.09	0.74	0.98	-0.64	0.94	0.93	SAIC
CLVT	-0.51	-0.48	0.29		0.0	0.25	0.31	-0.32	0.13	0.15	CLVT
WNS	0.46	0.53	0.09	0.0		0.52	0.13	0.2	0.22	-0.11	WNS
ASGN	-0.13	0.03	0.74	0.25	0.52		0.77	-0.27	0.76	0.58	ASGN
CACI	-0.47	-0.44	0.98	0.31	0.13	0.77		-0.6	0.94	0.9	CACI
PRFT	0.53	0.64	-0.64	-0.32	0.2	-0.27	-0.6		-0.57	-0.74	PRFT
LDOS	-0.25	-0.23	0.94	0.13	0.22	0.76	0.94	-0.57		0.91	LDOS
PSN	-0.48	-0.48	0.93	0.15	-0.11	0.58	0.9	-0.74	0.91		PSN
	G	EXLS	SAIC	CLVT	WNS	ASGN	CACI	PRFT	LDOS	PSN

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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

CACI	+ 0.98	SAIC
LDOS	+ 0.94	SAIC
LDOS	+ 0.94	CACI
PSN	+ 0.93	SAIC
PSN	+ 0.91	LDOS
PSN	+ 0.9	CACI

High negative correlations

PSN	- 0.74	PRFT
PRFT	- 0.64	SAIC
PRFT	- 0.6	CACI
LDOS	- 0.57	PRFT
CLVT	- 0.51	G
SAIC	- 0.5	G

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
G	1.06	0.33	0.26	2.65	0.68	(1.31)	2.72	(1.77)	12.64
EXLS	1.13	0.33	0.27	0.70	0.67	(1.36)	2.88	(1.60)	9.94
SAIC	1.45	(0.48)	0.00	(1.20)	0.00	0.00	2.03	(3.47)	16.97
CLVT	2.33	(0.20)	0.00	(0.30)	0.00	0.00	5.41	(3.78)	29.33
WNS	1.91	0.36	0.15	0.37	2.12	(2.05)	5.39	(3.44)	23.92
ASGN	1.40	(0.04)	(0.03)	0.02	1.74	(1.51)	2.64	(2.47)	13.33
CACI	1.90	(0.44)	0.00	(1.00)	0.00	0.00	3.54	(4.84)	14.84
PRFT	0.10	0.01	(0.49)	(1.82)	0.00	(0.12)	0.23	(0.21)	0.58
LDOS	1.66	(0.25)	0.00	(0.65)	0.00	0.00	2.69	(4.35)	23.10
PSN	1.47	(0.45)	0.00	(1.39)	0.00	0.00	2.19	(3.11)	15.20

Concentrix Corporate Management

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

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