Staffing 360 Correlations

STAF Stock

USD 3.37 0.35 11.59%

The current 90-days correlation between Staffing 360 Solutions and Mastech Holdings is 0.1 (i.e., Average diversification). The correlation of Staffing 360 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.

Staffing 360 Correlation With Market

Average diversification

The correlation between Staffing 360 Solutions and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Staffing 360 Solutions and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Staffing 360 Solutions. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Staffing Stock

0.62

EXLS

ExlService Holdings

Pair Corr

Moving against Staffing Stock

0.58	VCIG	VCI Global Limited	Pair Corr
0.46	FC	Franklin Covey	Pair Corr
0.45	MG	Mistras Group	Pair Corr
0.36	WLDN	Willdan Group	Pair Corr
0.34	VLTO	Veralto	Pair Corr
0.32	ESGL	ESGL Holdings Limited	Pair Corr
0.31	EXPO	Exponent	Pair Corr
0.46	BCO	Brinks Company	Pair Corr
0.41	EFX	Equifax	Pair Corr
0.41	FCN	FTI Consulting	Pair Corr
0.35	DSS	DSS Inc	Pair Corr

Related Correlations Analysis

	KELYA	MHH	KFRC	HSON	MAN	HIRRF	RLBY	FTRS	TREP	RANJY
KELYA		-0.91	-0.16	0.64	0.66	0.0	-0.2	0.15	0.61	0.84	KELYA
MHH	-0.91		0.31	-0.53	-0.51	0.0	0.27	-0.13	-0.65	-0.73	MHH
KFRC	-0.16	0.31		0.19	0.34	0.0	0.12	-0.04	0.04	0.14	KFRC
HSON	0.64	-0.53	0.19		0.67	0.0	-0.04	0.41	0.5	0.8	HSON
MAN	0.66	-0.51	0.34	0.67		0.0	-0.01	0.21	0.47	0.81	MAN
HIRRF	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	HIRRF
RLBY	-0.2	0.27	0.12	-0.04	-0.01	0.0		-0.09	0.02	-0.08	RLBY
FTRS	0.15	-0.13	-0.04	0.41	0.21	0.0	-0.09		-0.01	0.27	FTRS
TREP	0.61	-0.65	0.04	0.5	0.47	0.0	0.02	-0.01		0.57	TREP
RANJY	0.84	-0.73	0.14	0.8	0.81	0.0	-0.08	0.27	0.57		RANJY
	KELYA	MHH	KFRC	HSON	MAN	HIRRF	RLBY	FTRS	TREP	RANJY

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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

RANJY	+ 0.84	KELYA
RANJY	+ 0.81	MAN
RANJY	+ 0.8	HSON
MAN	+ 0.67	HSON
MAN	+ 0.66	KELYA
HSON	+ 0.64	KELYA

High negative correlations

MHH	- 0.91	KELYA
RANJY	- 0.73	MHH
TREP	- 0.65	MHH
HSON	- 0.53	MHH
MAN	- 0.51	MHH
RLBY	- 0.2	KELYA

Risk-Adjusted Indicators

There is a big difference between Staffing Stock performing well and Staffing 360 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 Staffing 360'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
KELYA	1.94	(0.51)	0.00	(1.97)	0.00	0.00	3.45	(4.12)	27.28
MHH	4.10	0.69	0.16	1.25	4.01	(4.80)	10.01	(7.37)	29.70
KFRC	1.35	0.01	0.00	0.04	1.61	(1.51)	2.58	(3.30)	10.53
HSON	1.80	(0.30)	0.00	(5.52)	0.00	0.00	4.12	(3.73)	17.12
MAN	1.40	(0.25)	0.00	(0.69)	0.00	0.00	3.19	(2.97)	12.94
HIRRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RLBY	5.91	0.79	0.05	(0.24)	7.27	(14.67)	23.76	(17.53)	60.75
FTRS	3.97	0.15	0.01	0.10	5.77	(13.28)	15.48	(13.41)	40.96
TREP	8.34	0.37	0.02	(0.39)	11.03	(14.13)	28.57	(25.00)	89.49
RANJY	1.41	(0.21)	0.00	(5.24)	0.00	0.00	2.47	(3.63)	9.46

Staffing 360 Corporate Management

Melanie Grossman	Controller VP	Profile
Nicholas Koutsivitis	Sr Officer	Profile
Khalid Anwar	Sr Fin	Profile
Joseph Yelenic	Senior Officer	Profile

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