Taskus Correlations

TASK Stock

USD 14.82 0.08 0.54%

The current 90-days correlation between Taskus Inc and The Hackett Group is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Taskus moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Taskus Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Taskus Correlation With Market

Modest diversification

The correlation between Taskus Inc and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Taskus Inc 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 Taskus Inc. 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.

Moving together with Taskus Stock

0.76	G	Genpact Limited	Pair Corr
0.76	LZ	LegalZoom	Pair Corr
0.69	WM	Waste Management	Pair Corr
0.74	DRVN	Driven Brands Holdings	Pair Corr
0.74	VRSK	Verisk Analytics	Pair Corr
0.64	VSEC	VSE Corporation	Pair Corr
0.63	EXLS	ExlService Holdings	Pair Corr
0.7	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.84	CBZ	CBIZ Inc	Pair Corr
0.79	DNB	Dun Bradstreet Holdings	Pair Corr
0.8	KAR	KAR Auction Services	Pair Corr
0.73	RBA	RB Global	Pair Corr

Moving against Taskus Stock

0.58	MG	Mistras Group	Pair Corr
0.48	VLTO	Veralto	Pair Corr
0.43	VCIG	VCI Global Limited	Pair Corr
0.41	FA	First Advantage Corp	Pair Corr
0.4	FC	Franklin Covey	Pair Corr
0.4	EXPO	Exponent	Pair Corr
0.5	FCN	FTI Consulting	Pair Corr
0.49	DSS	DSS Inc	Pair Corr
0.49	SMX	SMX Public Limited	Pair Corr
0.38	EFX	Equifax	Pair Corr

Related Correlations Analysis

	HCKT	WNS	ASGN	PRFT	G	TTEC	EXLS	IT	CSPI	FORTY
HCKT		0.1	-0.07	0.63	0.93	-0.19	0.79	0.56	0.33	0.3	HCKT
WNS	0.1		0.03	-0.38	0.03	-0.57	-0.41	-0.54	0.12	-0.53	WNS
ASGN	-0.07	0.03		-0.22	-0.18	0.39	-0.02	0.28	0.01	0.02	ASGN
PRFT	0.63	-0.38	-0.22		0.66	-0.12	0.81	0.6	0.15	0.6	PRFT
G	0.93	0.03	-0.18	0.66		-0.14	0.82	0.56	0.34	0.31	G
TTEC	-0.19	-0.57	0.39	-0.12	-0.14		0.16	0.2	0.15	0.28	TTEC
EXLS	0.79	-0.41	-0.02	0.81	0.82	0.16		0.76	0.24	0.69	EXLS
IT	0.56	-0.54	0.28	0.6	0.56	0.2	0.76		-0.06	0.48	IT
CSPI	0.33	0.12	0.01	0.15	0.34	0.15	0.24	-0.06		-0.02	CSPI
FORTY	0.3	-0.53	0.02	0.6	0.31	0.28	0.69	0.48	-0.02		FORTY
	HCKT	WNS	ASGN	PRFT	G	TTEC	EXLS	IT	CSPI	FORTY

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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	+ 0.93	HCKT
EXLS	+ 0.82	G
EXLS	+ 0.81	PRFT
EXLS	+ 0.79	HCKT
IT	+ 0.76	EXLS
FORTY	+ 0.69	EXLS

High negative correlations

TTEC	- 0.57	WNS
IT	- 0.54	WNS
FORTY	- 0.53	WNS
EXLS	- 0.41	WNS
PRFT	- 0.38	WNS
PRFT	- 0.22	ASGN

Risk-Adjusted Indicators

There is a big difference between Taskus Stock performing well and Taskus 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 Taskus' 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
HCKT	1.36	0.10	0.15	0.18	0.93	(1.74)	2.61	(1.80)	19.63
WNS	1.64	(0.30)	0.00	(0.20)	0.00	0.00	2.95	(3.12)	13.48
ASGN	1.52	(0.29)	0.00	(0.02)	0.00	0.00	3.32	(3.35)	13.02
PRFT	0.10	0.01	(0.85)	1.22	0.00	(0.12)	0.23	(0.21)	0.58
G	0.98	0.17	0.14	0.32	0.81	(1.12)	2.64	(1.63)	11.64
TTEC	3.79	0.33	0.11	0.34	3.17	(5.12)	7.37	(4.94)	56.54
EXLS	1.04	0.26	0.31	0.35	0.38	(1.34)	2.56	(1.41)	8.35
IT	0.80	0.00	0.00	0.12	1.06	(0.75)	1.37	(2.06)	7.23
CSPI	2.24	0.15	0.07	0.22	2.62	(2.44)	4.30	(4.28)	9.61
FORTY	1.83	0.24	0.01	(0.24)	2.71	(2.12)	3.65	(4.95)	14.81

Taskus Corporate Management

Claudia JD	General Secretary	Profile
Jarrod Johnson	Chief Officer	Profile
Sapna Bhambani	Senior Operations	Profile
Sean Neighbors	Senior Offerings	Profile
Claudia Walsh	General Secretary	Profile
Charley Lemaster	Senior Sales	Profile
Kerry Carstairs	Senior Services	Profile

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