ASGN Correlations

ASGN Stock

USD 49.73 1.48 3.07%

The current 90-days correlation between ASGN Inc and ExlService Holdings is 0.29 (i.e., Modest 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 0.45 (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 price.

Moving together with ASGN Stock

0.66	VIRC	Virco Manufacturing	Pair Corr
0.61	KBR	KBR Inc Earnings Call Today	Pair Corr

Moving against ASGN Stock

0.69	DNB	Dun Bradstreet Holdings	Pair Corr
0.69	MSA	MSA Safety Earnings Call Today	Pair Corr
0.6	STN	Stantec	Pair Corr
0.56	KFY	Korn Ferry	Pair Corr
0.56	HDSN	Hudson Technologies	Pair Corr
0.55	DLHC	DLH Holdings Corp	Pair Corr
0.54	LNZA	LanzaTech Global	Pair Corr
0.52	ZONE	CleanCore Solutions	Pair Corr
0.49	HNI	HNI Corp Earnings Call Tomorrow	Pair Corr
0.45	KAR	KAR Auction Services	Pair Corr
0.42	VLTO	Veralto Earnings Call This Week	Pair Corr
0.38	DLX	Deluxe Earnings Call This Week	Pair Corr
0.33	VSEC	VSE Corporation	Pair Corr
0.67	TIXT	TELUS International	Pair Corr
0.66	J	Jacobs Solutions	Pair Corr
0.64	BE	Bloom Energy Corp	Pair Corr
0.64	DY	Dycom Industries	Pair Corr
0.63	AZ	A2Z Smart Technologies	Pair Corr
0.61	CW	Curtiss Wright	Pair Corr
0.58	MATW	Matthews International	Pair Corr
0.58	BA	Boeing Earnings Call This Week	Pair Corr

Related Correlations Analysis

	EXLS	WNS	IT	HCKT	G	CACI	PRFT	LDOS	PSN	CD
EXLS		-0.57	0.69	0.21	-0.03	-0.26	0.0	-0.36	-0.41	0.0	EXLS
WNS	-0.57		-0.83	-0.1	0.3	0.3	0.0	0.43	0.7	0.0	WNS
IT	0.69	-0.83		0.36	-0.08	-0.15	0.0	-0.26	-0.64	0.0	IT
HCKT	0.21	-0.1	0.36		0.5	0.03	0.0	-0.08	-0.24	0.0	HCKT
G	-0.03	0.3	-0.08	0.5		0.0	0.0	-0.14	-0.18	0.0	G
CACI	-0.26	0.3	-0.15	0.03	0.0		0.0	0.93	0.56	0.0	CACI
PRFT	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	PRFT
LDOS	-0.36	0.43	-0.26	-0.08	-0.14	0.93	0.0		0.7	0.0	LDOS
PSN	-0.41	0.7	-0.64	-0.24	-0.18	0.56	0.0	0.7		0.0	PSN
CD	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		CD
	EXLS	WNS	IT	HCKT	G	CACI	PRFT	LDOS	PSN	CD

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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

LDOS	+ 0.93	CACI
PSN	+ 0.7	WNS
PSN	+ 0.7	LDOS
IT	+ 0.69	EXLS
PSN	+ 0.56	CACI
G	+ 0.5	HCKT

High negative correlations

IT	- 0.83	WNS
PSN	- 0.64	IT
WNS	- 0.57	EXLS
PSN	- 0.41	EXLS
LDOS	- 0.36	EXLS
LDOS	- 0.26	IT

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
EXLS	1.31	(0.25)	0.00	(0.10)	0.00	0.00	2.06	(3.79)	14.09
WNS	1.52	0.17	0.02	1.57	2.17	(1.66)	3.44	(4.27)	14.44
IT	1.01	(0.33)	0.00	(0.21)	0.00	0.00	1.88	(2.29)	6.93
HCKT	1.35	(0.32)	0.00	(0.15)	0.00	0.00	2.77	(2.48)	10.55
G	1.35	(0.18)	0.00	(0.10)	0.00	0.00	2.55	(2.12)	17.95
CACI	1.32	0.16	0.05	0.55	1.58	(1.43)	2.88	(2.89)	12.26
PRFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LDOS	1.01	0.12	0.04	0.36	1.23	(1.09)	2.18	(2.09)	9.23
PSN	1.48	0.13	0.05	0.29	1.74	(1.53)	2.90	(2.85)	9.03
CD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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