ExlService Holdings Correlations

EXLS Stock

USD 32.24 0.31 0.97%

The current 90-days correlation between ExlService Holdings and Dolby Laboratories is 0.44 (i.e., Very weak diversification). The correlation of ExlService Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ExlService Holdings Correlation With Market

Very good diversification

The correlation between ExlService Holdings and DJI is -0.46 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ExlService Holdings and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ExlService Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ExlService Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy ExlService Stock please use our How to Invest in ExlService Holdings guide.

Moving together with ExlService Stock

0.97	G	Genpact Limited	Pair Corr
0.86	BR	Broadridge Financial	Pair Corr
0.77	GFT	GFT Technologies	Pair Corr
0.89	COK	Cancom SE	Pair Corr
0.89	A1OS	All For One	Pair Corr
0.77	EEFT	Euronet Worldwide	Pair Corr
0.84	IBM	International Business	Pair Corr
0.73	FOUR	Shift4 Payments	Pair Corr
0.92	III	Information Services	Pair Corr
0.73	MMS	Maximus	Pair Corr
0.83	XYZ	Block Inc Tech Boost	Pair Corr
0.69	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.84	NA9	Nagarro SE	Pair Corr
0.83	IIIV	i3 Verticals	Pair Corr
0.76	INOD	Innodata	Pair Corr
0.77	CPU	Computershare	Pair Corr
0.94	ADYEN	Adyen NV	Pair Corr
0.68	ALHIT	Hitechpros	Pair Corr
0.85	RPAY	Repay Holdings Corp	Pair Corr
0.93	AFRM	Affirm Holdings	Pair Corr
0.64	SABR	Sabre Corpo Buyout Trend	Pair Corr
0.79	ALHYP	Hipay Group SA	Pair Corr
0.83	EML	EML Payments	Pair Corr

Moving against ExlService Stock

0.82	CCA	Change Financial	Pair Corr
0.64	KC	Kingsoft Cloud Holdings	Pair Corr
0.64	IMXI	International Money Earnings Call This Week	Pair Corr
0.58	GDS	GDS Holdings	Pair Corr
0.56	SHF	SNP Schneider Neurei	Pair Corr
0.79	SMFG	Sumitomo Mitsui Financial	Pair Corr
0.75	SMFNF	Sumitomo Mitsui Financial	Pair Corr
0.74	EYE	Eagle Eye Solutions	Pair Corr
0.71	MUFG	Mitsubishi UFJ Financial	Pair Corr
0.7	CASS	Cass Information Systems	Pair Corr
0.69	T3T1	Seven Principles	Pair Corr
0.66	MBFJF	Mitsubishi UFJ Financial	Pair Corr
0.59	PAGS	PagSeguro Digital	Pair Corr
0.56	CSGS	CSG Systems International	Pair Corr
0.52	D6H	DATAGROUP SE	Pair Corr

Related Correlations Analysis

	DLB	KD	G	WAY	GDS	FOUR	INGM	ONTO	CRUS	OLED
DLB		-0.1	-0.03	0.2	-0.45	0.13	0.47	-0.48	-0.02	0.15	DLB
KD	-0.1		0.89	0.8	-0.6	0.78	0.19	-0.69	-0.91	0.41	KD
G	-0.03	0.89		0.82	-0.61	0.68	0.23	-0.63	-0.89	0.33	G
WAY	0.2	0.8	0.82		-0.83	0.81	0.21	-0.83	-0.89	0.26	WAY
GDS	-0.45	-0.6	-0.61	-0.83		-0.6	-0.46	0.89	0.72	-0.08	GDS
FOUR	0.13	0.78	0.68	0.81	-0.6		0.17	-0.71	-0.79	0.52	FOUR
INGM	0.47	0.19	0.23	0.21	-0.46	0.17		-0.4	-0.18	0.02	INGM
ONTO	-0.48	-0.69	-0.63	-0.83	0.89	-0.71	-0.4		0.78	-0.27	ONTO
CRUS	-0.02	-0.91	-0.89	-0.89	0.72	-0.79	-0.18	0.78		-0.38	CRUS
OLED	0.15	0.41	0.33	0.26	-0.08	0.52	0.02	-0.27	-0.38		OLED
	DLB	KD	G	WAY	GDS	FOUR	INGM	ONTO	CRUS	OLED

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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	+ 0.89	KD
ONTO	+ 0.89	GDS
WAY	+ 0.82	G
FOUR	+ 0.81	WAY
WAY	+ 0.8	KD
FOUR	+ 0.78	KD

High negative correlations

CRUS	- 0.91	KD
CRUS	- 0.89	WAY
CRUS	- 0.89	G
ONTO	- 0.83	WAY
GDS	- 0.83	WAY
CRUS	- 0.79	FOUR

Risk-Adjusted Indicators

There is a big difference between ExlService Stock performing well and ExlService Holdings 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 ExlService Holdings' 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
DLB	1.11	(0.02)	0.00	0.08	0.00	0.00	2.67	(2.18)	9.25
KD	3.26	(0.56)	0.00	0.71	0.00	0.00	6.43	(6.44)	61.35
G	1.50	(0.12)	0.00	0.39	0.00	0.00	2.89	(2.57)	14.27
WAY	2.31	(0.44)	0.00	1.06	0.00	0.00	4.52	(6.95)	15.21
GDS	2.67	0.19	0.06	0.23	2.92	(3.07)	8.61	(5.24)	16.97
FOUR	2.33	(0.59)	0.00	(0.34)	0.00	0.00	5.14	(7.10)	23.18
INGM	1.77	0.23	0.08	(0.35)	1.99	(1.93)	3.53	(3.85)	8.93
ONTO	2.37	0.64	0.22	0.82	2.37	(2.57)	5.14	(4.75)	14.36
CRUS	1.43	0.25	0.11	(2.50)	1.61	(1.55)	3.85	(2.78)	12.19
OLED	1.73	(0.26)	0.00	(0.13)	0.00	0.00	3.80	(4.09)	18.27

ExlService Holdings Corporate Management

Anita Mahon	Executive Healthcare	Profile
Joel Katz	Senior Officer	Profile
Jennifer Lemming	Chief Officer	Profile
John Kristoff	Vice Relations	Profile
Steven Barlow	VP Relations	Profile
Baljinder Singh	Global VP	Profile

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