ExlService Holdings Correlations

EXLS Stock

USD 42.54 0.05 0.12%

The current 90-days correlation between ExlService Holdings and WNS Holdings is 0.2 (i.e., Modest diversification). The correlation of ExlService Holdings 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. If the correlation is 0, the equities are not correlated; they are entirely random.

ExlService Holdings Correlation With Market

Very weak diversification

The correlation between ExlService Holdings and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ExlService Holdings and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ExlService Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy ExlService Stock please use our How to Invest in ExlService Holdings guide.

Moving together with ExlService Stock

0.7

KBR

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Pair Corr

Moving against ExlService Stock

0.5	WFCF	Where Food Comes	Pair Corr
0.34	DLX	Deluxe	Pair Corr
0.41	KFRC	Kforce Inc Earnings Call This Week	Pair Corr
0.41	AZ	A2Z Smart Technologies	Pair Corr
0.4	MLKN	MillerKnoll	Pair Corr
0.38	TIXT	TELUS International	Pair Corr
0.38	R	Ryder System Earnings Call This Week	Pair Corr
0.36	MATW	Matthews International	Pair Corr
0.34	BE	Bloom Energy Corp	Pair Corr

Related Correlations Analysis

	WNS	G	ASGN	CACI	EXPO	DORM	SPSC	EVTC
WNS		0.32	-0.32	0.26	-0.35	-0.28	-0.43	-0.43	WNS
G	0.32		0.15	-0.03	0.27	-0.69	-0.14	-0.62	G
ASGN	-0.32	0.15		-0.4	0.78	-0.08	0.11	0.02	ASGN
CACI	0.26	-0.03	-0.4		-0.38	0.4	0.41	0.32	CACI
EXPO	-0.35	0.27	0.78	-0.38		-0.17	0.19	0.02	EXPO
DORM	-0.28	-0.69	-0.08	0.4	-0.17		0.6	0.87	DORM
SPSC	-0.43	-0.14	0.11	0.41	0.19	0.6		0.52	SPSC
EVTC	-0.43	-0.62	0.02	0.32	0.02	0.87	0.52		EVTC
	WNS	G	ASGN	CACI	EXPO	DORM	SPSC	EVTC

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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

EVTC	+ 0.87	DORM
EXPO	+ 0.78	ASGN
SPSC	+ 0.6	DORM
EVTC	+ 0.52	SPSC
SPSC	+ 0.41	CACI
DORM	+ 0.4	CACI

High negative correlations

DORM	- 0.69	G
EVTC	- 0.62	G
EVTC	- 0.43	WNS
SPSC	- 0.43	WNS
CACI	- 0.4	ASGN
EXPO	- 0.38	CACI

Risk-Adjusted Indicators

There is a big difference between ExlService Stock performing well and ExlService Holdings 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 ExlService Holdings' 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
WNS	1.53	0.16	0.02	1.42	2.18	(1.71)	3.44	(4.27)	14.44
G	1.33	(0.16)	0.00	(0.08)	0.00	0.00	2.55	(2.12)	17.95
ASGN	1.87	(0.47)	0.00	(0.24)	0.00	0.00	3.49	(3.88)	13.51
CACI	1.33	0.15	0.04	0.50	1.63	(1.43)	2.88	(2.89)	12.26
EXPO	1.26	(0.28)	0.00	(0.18)	0.00	0.00	2.48	(2.42)	6.69
DORM	1.25	(0.02)	(0.01)	0.11	1.69	(1.20)	2.14	(2.78)	10.18
SPSC	1.62	(0.06)	(0.01)	0.09	1.79	(1.85)	2.40	(2.81)	11.30
EVTC	1.16	(0.15)	(0.08)	(0.01)	1.62	(1.07)	2.35	(2.57)	6.43

ExlService Holdings Corporate Management

Anita Mahon	Executive Healthcare	Profile
Joel Katz	Senior Officer	Profile
Jennifer Lemming	Chief Officer	Profile
John Kristoff	Vice Relations	Profile
Steven Barlow	VP Relations	Profile
Baljinder Singh	Global VP	Profile

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