Parsons Corp Correlations

PSN Stock

USD 95.23 0.16 0.17%

The current 90-days correlation between Parsons Corp and Leidos Holdings is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parsons Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parsons Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Parsons Corp Correlation With Market

Significant diversification

The correlation between Parsons Corp and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parsons Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Parsons Corp. 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.

To learn how to invest in Parsons Stock, please use our How to Invest in Parsons Corp guide.

Moving together with Parsons Stock

0.75	IT	Gartner	Pair Corr
0.81	FIS	Fidelity National	Pair Corr
0.71	GLE	Global Engine Group	Pair Corr
0.65	JKHY	Jack Henry Associates	Pair Corr
0.87	LDOS	Leidos Holdings	Pair Corr
0.82	VEEAW	Veea Inc Symbol Change	Pair Corr
0.85	NABL	N Able Inc Sell-off Trend	Pair Corr

Moving against Parsons Stock

0.85	KD	Kyndryl Holdings Sell-off Trend	Pair Corr
0.83	WEBB	Web Global Holdings	Pair Corr
0.8	GMM	Global Mofy Metaverse	Pair Corr
0.7	DMRC	Digimarc	Pair Corr
0.68	VNET	VNET Group DRC	Pair Corr
0.62	AUR	Aurora Innovation	Pair Corr
0.62	WIT	Wipro Limited ADR Potential Growth	Pair Corr
0.59	CTM	Castellum	Pair Corr
0.54	EPAM	EPAM Systems	Pair Corr
0.53	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.5	DTST	Data Storage Corp	Pair Corr
0.33	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.75	IBEX	IBEX	Pair Corr
0.73	GDYN	Grid Dynamics Holdings	Pair Corr
0.67	AUROW	Aurora Innovation	Pair Corr
0.62	MGIC	Magic Software Enter	Pair Corr
0.61	PENG	Penguin Solutions, Symbol Change	Pair Corr
0.58	WYY	Widepoint C	Pair Corr
0.57	APLD	Applied Digital Aggressive Push	Pair Corr
0.52	INFY	Infosys Ltd ADR	Pair Corr
0.51	HCKT	Hackett Group	Pair Corr
0.49	NYAX	Nayax	Pair Corr
0.43	DTSTW	Data Storage	Pair Corr

Related Correlations Analysis

	LDOS	CACI	ASGN	EXLS	G	SAIC	CLVT	WNS	NABL	PRFT
LDOS		0.92	0.83	-0.2	-0.21	0.89	0.25	0.58	0.71	-0.44	LDOS
CACI	0.92		0.87	-0.53	-0.51	0.98	0.5	0.34	0.88	-0.55	CACI
ASGN	0.83	0.87		-0.37	-0.34	0.89	0.45	0.41	0.8	-0.56	ASGN
EXLS	-0.2	-0.53	-0.37		0.92	-0.59	-0.77	0.35	-0.75	0.54	EXLS
G	-0.21	-0.51	-0.34	0.92		-0.55	-0.74	0.48	-0.73	0.45	G
SAIC	0.89	0.98	0.89	-0.59	-0.55		0.54	0.31	0.91	-0.57	SAIC
CLVT	0.25	0.5	0.45	-0.77	-0.74	0.54		-0.18	0.73	-0.7	CLVT
WNS	0.58	0.34	0.41	0.35	0.48	0.31	-0.18		0.17	-0.27	WNS
NABL	0.71	0.88	0.8	-0.75	-0.73	0.91	0.73	0.17		-0.78	NABL
PRFT	-0.44	-0.55	-0.56	0.54	0.45	-0.57	-0.7	-0.27	-0.78		PRFT
	LDOS	CACI	ASGN	EXLS	G	SAIC	CLVT	WNS	NABL	PRFT

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

SAIC	+ 0.98	CACI
CACI	+ 0.92	LDOS
G	+ 0.92	EXLS
NABL	+ 0.91	SAIC
SAIC	+ 0.89	LDOS
SAIC	+ 0.89	ASGN

High negative correlations

PRFT	- 0.78	NABL
CLVT	- 0.77	EXLS
NABL	- 0.75	EXLS
CLVT	- 0.74	G
NABL	- 0.73	G
PRFT	- 0.7	CLVT

Risk-Adjusted Indicators

There is a big difference between Parsons Stock performing well and Parsons Corp 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 Parsons Corp'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
LDOS	1.39	(0.09)	0.00	(0.13)	0.00	0.00	2.53	(3.41)	23.10
CACI	1.55	(0.19)	0.00	(0.45)	0.00	0.00	3.44	(4.18)	14.84
ASGN	1.41	(0.10)	0.00	(0.18)	0.00	0.00	2.35	(3.35)	13.33
EXLS	1.07	0.27	0.26	0.61	0.80	(1.33)	2.61	(1.60)	9.94
G	1.04	0.22	0.20	0.38	0.93	(1.26)	2.65	(1.79)	12.64
SAIC	1.21	(0.30)	0.00	(0.63)	0.00	0.00	1.89	(2.79)	16.97
CLVT	2.22	(0.34)	0.00	(1.20)	0.00	0.00	5.41	(3.78)	29.33
WNS	1.73	(0.03)	0.00	(0.07)	0.00	0.00	2.95	(4.07)	13.44
NABL	1.17	(0.46)	0.00	(3.54)	0.00	0.00	1.65	(3.40)	8.11
PRFT	0.10	0.00	0.14	0.00	0.00	(0.12)	0.23	(0.21)	0.58

Parsons Corp Corporate Management

Debra Fiori	Chief People Officer	Profile
Susan Balaguer	Chief Human Resource Officer	Profile
Letitia Long	Independent Director	Profile
James Shappell	Managing Chairman	Profile
Dana Turturro	Senior Acquisition	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC