ASGN Correlations

ASGN Stock

USD 44.45 0.31 0.69%

The current 90-days correlation between ASGN Inc and DXC Technology Co is 0.66 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASGN moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASGN Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ASGN Correlation With Market

Very weak diversification

The correlation between ASGN Inc and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ASGN Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ASGN Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in ASGN 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 rate.

Moving together with ASGN Stock

0.85	FA	First Advantage Corp Earnings Call Tomorrow	Pair Corr
0.71	HIT	Hitech Group Australia	Pair Corr
0.82	ADP	Automatic Data Processing	Pair Corr
0.74	HQI	Hirequest Earnings Call This Week	Pair Corr
0.85	KFY	Korn Ferry	Pair Corr
0.83	MAN	ManpowerGroup	Pair Corr
0.65	MHH	Mastech Holdings	Pair Corr
0.92	NSP	Insperity	Pair Corr
0.9	RHI	Robert Half International	Pair Corr
0.81	KELYA	Kelly Services A Earnings Call This Week	Pair Corr
0.77	QUESS	Quess Corp Limited	Pair Corr
0.84	KFRC	Kforce Inc	Pair Corr
0.74	LGCL	Lucas GC Limited Upward Rally	Pair Corr
0.67	300662	Beijing Career Inter	Pair Corr
0.85	PAYX	Paychex	Pair Corr
0.66	STEM	SThree plc	Pair Corr

Moving against ASGN Stock

0.72	PPE	Peoplein	Pair Corr
0.63	HSII	Heidrick Struggles	Pair Corr
0.49	CGR	CGN Resources Earnings Call This Week	Pair Corr
0.83	CPI	Capita PLC	Pair Corr
0.6	STI	Solidion Technology	Pair Corr
0.54	NBB	Norman Broadbent Plc	Pair Corr
0.33	ASH	Ashley Services Group	Pair Corr
0.33	BGSF	BG Staffing Earnings Call This Week	Pair Corr
0.33	UPWK	Upwork Inc Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	DXC	FORTY	EVTC	CLVT	TDC	INOD	PLUS	CXM	GLOB	PAYO
DXC		-0.5	0.46	0.76	0.18	-0.4	0.32	0.14	-0.11	0.57	DXC
FORTY	-0.5		-0.53	-0.56	0.28	0.62	0.38	-0.44	-0.31	-0.62	FORTY
EVTC	0.46	-0.53		0.79	-0.15	-0.8	-0.23	0.67	0.6	0.87	EVTC
CLVT	0.76	-0.56	0.79		-0.09	-0.71	0.18	0.39	0.21	0.79	CLVT
TDC	0.18	0.28	-0.15	-0.09		0.55	0.48	-0.42	-0.51	-0.06	TDC
INOD	-0.4	0.62	-0.8	-0.71	0.55		0.38	-0.78	-0.72	-0.8	INOD
PLUS	0.32	0.38	-0.23	0.18	0.48	0.38		-0.65	-0.65	-0.19	PLUS
CXM	0.14	-0.44	0.67	0.39	-0.42	-0.78	-0.65		0.76	0.67	CXM
GLOB	-0.11	-0.31	0.6	0.21	-0.51	-0.72	-0.65	0.76		0.5	GLOB
PAYO	0.57	-0.62	0.87	0.79	-0.06	-0.8	-0.19	0.67	0.5		PAYO
	DXC	FORTY	EVTC	CLVT	TDC	INOD	PLUS	CXM	GLOB	PAYO

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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

PAYO	+ 0.87	EVTC
CLVT	+ 0.79	EVTC
PAYO	+ 0.79	CLVT
CLVT	+ 0.76	DXC
GLOB	+ 0.76	CXM
CXM	+ 0.67	EVTC

High negative correlations

PAYO	- 0.8	INOD
INOD	- 0.8	EVTC
CXM	- 0.78	INOD
GLOB	- 0.72	INOD
INOD	- 0.71	CLVT
GLOB	- 0.65	PLUS

Risk-Adjusted Indicators

There is a big difference between ASGN Stock performing well and ASGN 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 ASGN'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
DXC	1.89	(0.18)	(0.02)	0.03	2.29	(2.09)	3.94	(4.47)	10.66
FORTY	2.82	0.47	0.07	(1.57)	3.71	(3.01)	6.89	(7.68)	26.43
EVTC	1.21	(0.46)	0.00	(0.23)	0.00	0.00	2.59	(2.96)	7.28
CLVT	1.91	(0.19)	0.00	(0.01)	0.00	0.00	3.53	(3.79)	13.13
TDC	1.68	(0.10)	0.00	0.06	1.97	(1.92)	3.79	(3.02)	13.94
INOD	3.67	0.55	0.18	0.35	3.65	(4.25)	9.43	(6.44)	21.60
PLUS	1.53	0.00	0.10	0.12	1.29	(2.00)	3.50	(2.26)	13.08
CXM	1.56	(0.08)	0.00	0.18	0.00	0.00	3.38	(4.02)	15.06
GLOB	2.26	(0.62)	0.00	(0.17)	0.00	0.00	4.52	(4.24)	19.91
PAYO	1.83	(0.35)	0.00	(0.05)	0.00	0.00	2.76	(4.08)	19.95

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