Taskus Correlations

TASK Stock

USD 16.92 0.26 1.56%

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

Weak diversification

The correlation between Taskus Inc and DJI is 0.3 (i.e., Weak 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 against Taskus Stock

0.57	VIRC	Virco Manufacturing	Pair Corr
0.43	WM	Waste Management	Pair Corr
0.39	DLHC	DLH Holdings Corp	Pair Corr
0.35	VSEC	VSE Corporation	Pair Corr
0.33	VRSK	Verisk Analytics	Pair Corr
0.7	LICN	Lichen China Limited	Pair Corr
0.55	DSS	DSS Inc	Pair Corr
0.35	ZONE	CleanCore Solutions	Pair Corr
0.34	MMS	Maximus Earnings Call This Week	Pair Corr
0.51	EVGOW	EVgo Equity Warrants	Pair Corr
0.45	LICY	LiCycle Holdings Corp	Pair Corr
0.34	CASS	Cass Information Systems	Pair Corr

Related Correlations Analysis

	HCKT	WNS	ASGN	PRFT	G	TTEC	EXLS	IT	CSPI	FORTY
HCKT		0.26	0.04	0.0	0.63	0.18	0.47	0.22	0.43	0.25	HCKT
WNS	0.26		0.57	0.0	0.63	-0.19	0.68	0.77	-0.01	-0.17	WNS
ASGN	0.04	0.57		0.0	0.24	0.06	0.39	0.82	-0.33	-0.21	ASGN
PRFT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PRFT
G	0.63	0.63	0.24	0.0		-0.29	0.82	0.57	0.36	-0.13	G
TTEC	0.18	-0.19	0.06	0.0	-0.29		-0.48	-0.09	-0.06	0.11	TTEC
EXLS	0.47	0.68	0.39	0.0	0.82	-0.48		0.57	0.42	0.11	EXLS
IT	0.22	0.77	0.82	0.0	0.57	-0.09	0.57		-0.32	-0.3	IT
CSPI	0.43	-0.01	-0.33	0.0	0.36	-0.06	0.42	-0.32		0.51	CSPI
FORTY	0.25	-0.17	-0.21	0.0	-0.13	0.11	0.11	-0.3	0.51		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

IT	+ 0.82	ASGN
EXLS	+ 0.82	G
IT	+ 0.77	WNS
EXLS	+ 0.68	WNS
G	+ 0.63	HCKT
G	+ 0.63	WNS

High negative correlations

EXLS	- 0.48	TTEC
CSPI	- 0.33	ASGN
CSPI	- 0.32	IT
FORTY	- 0.3	IT
TTEC	- 0.29	G
FORTY	- 0.21	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	1.30	0.29	0.23	0.26	1.06	(1.51)	1.76	(2.10)	21.66
WNS	1.95	0.39	0.16	0.41	2.16	(2.09)	5.39	(3.44)	23.95
ASGN	1.46	(0.09)	0.00	(0.04)	0.00	0.00	2.64	(3.78)	13.33
PRFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
G	1.14	0.34	0.29	0.64	0.68	(1.44)	2.72	(1.77)	12.64
TTEC	2.68	(0.55)	0.00	(0.70)	0.00	0.00	5.41	(4.90)	17.01
EXLS	1.08	0.26	0.21	0.48	0.77	(1.28)	2.61	(1.60)	8.01
IT	0.89	0.11	0.05	0.31	0.96	(1.01)	1.90	(1.30)	7.71
CSPI	3.89	0.71	0.11	1.48	5.23	(4.27)	7.64	(9.35)	39.00
FORTY	1.87	0.12	0.01	0.59	2.45	(2.95)	5.26	(3.57)	15.56

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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