Parsons Corp Correlations

PSN Stock

USD 76.21 0.38 0.50%

The current 90-days correlation between Parsons Corp and Science Applications International is 0.56 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Parsons Corp moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Parsons Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Parsons Corp Correlation With Market

Very weak diversification

The correlation between Parsons Corp and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Parsons Corp and DJI in the same portfolio, assuming nothing else is changed.

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Moving together with Parsons Stock

0.63	KD	Kyndryl Holdings	Pair Corr
0.68	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.67	VNET	VNET Group DRC Tech Boost	Pair Corr
0.73	VRRM	Verra Mobility Corp	Pair Corr
0.78	CTM	Castellum Buyout Trend	Pair Corr
0.77	GDS	GDS Holdings	Pair Corr
0.74	IBM	International Business Earnings Call This Week	Pair Corr
0.63	III	Information Services	Pair Corr
0.83	VYX	NCR Voyix	Pair Corr
0.61	WIT	Wipro Limited ADR	Pair Corr
0.66	WNS	WNS Holdings	Pair Corr
0.67	IBEX	IBEX	Pair Corr
0.64	INFY	Infosys Ltd ADR	Pair Corr
0.77	INOD	Innodata	Pair Corr
0.7	LDOS	Leidos Holdings	Pair Corr

Moving against Parsons Stock

0.73	JZ	Jianzhi Education	Pair Corr
0.61	IT	Gartner	Pair Corr
0.57	AUR	Aurora Innovation Aggressive Push	Pair Corr
0.46	FI	Fiserv, Earnings Call This Week	Pair Corr
0.41	GIB	CGI Inc	Pair Corr
0.69	AUROW	Aurora Innovation	Pair Corr
0.65	GDYN	Grid Dynamics Holdings	Pair Corr
0.64	GLOB	Globant SA	Pair Corr
0.61	JDZG	JIADE LIMITED Common Tech Boost	Pair Corr
0.43	MFH	Mercurity Fintech Holding Upward Rally	Pair Corr
0.36	WYY	Widepoint C	Pair Corr

Related Correlations Analysis

	SAIC	ASGN	CACI	EXLS	SPXC	GTES	EPAC	PLMR	NVST
SAIC		0.38	0.37	-0.19	-0.34	-0.31	-0.09	-0.36	-0.44	SAIC
ASGN	0.38		-0.42	0.31	-0.63	-0.62	0.24	0.24	-0.63	ASGN
CACI	0.37	-0.42		-0.24	0.64	0.67	-0.08	-0.43	0.54	CACI
EXLS	-0.19	0.31	-0.24		-0.21	-0.17	0.54	0.53	-0.14	EXLS
SPXC	-0.34	-0.63	0.64	-0.21		0.99	-0.06	-0.14	0.96	SPXC
GTES	-0.31	-0.62	0.67	-0.17	0.99		0.0	-0.13	0.96	GTES
EPAC	-0.09	0.24	-0.08	0.54	-0.06	0.0		0.74	-0.03	EPAC
PLMR	-0.36	0.24	-0.43	0.53	-0.14	-0.13	0.74		-0.1	PLMR
NVST	-0.44	-0.63	0.54	-0.14	0.96	0.96	-0.03	-0.1		NVST
	SAIC	ASGN	CACI	EXLS	SPXC	GTES	EPAC	PLMR	NVST

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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

GTES	+ 0.99	SPXC
NVST	+ 0.96	SPXC
NVST	+ 0.96	GTES
PLMR	+ 0.74	EPAC
GTES	+ 0.67	CACI
SPXC	+ 0.64	CACI

High negative correlations

NVST	- 0.63	ASGN
SPXC	- 0.63	ASGN
GTES	- 0.62	ASGN
NVST	- 0.44	SAIC
PLMR	- 0.43	CACI
CACI	- 0.42	ASGN

Risk-Adjusted Indicators

There is a big difference between Parsons Stock performing well and Parsons Corp 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 Parsons Corp'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
SAIC	1.25	(0.10)	0.00	(0.06)	0.00	0.00	2.81	(2.37)	16.40
ASGN	1.84	(0.26)	0.00	3.14	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
EXLS	1.34	(0.01)	0.00	0.15	0.00	0.00	2.06	(3.79)	14.09
SPXC	1.32	0.30	0.22	0.36	0.99	(1.43)	3.12	(2.29)	8.61
GTES	1.36	0.36	0.29	0.40	0.84	(1.56)	3.57	(1.72)	8.29
EPAC	1.32	(0.21)	0.00	(0.05)	0.00	0.00	3.08	(2.80)	10.80
PLMR	1.77	(0.18)	0.00	(0.17)	0.00	0.00	2.82	(3.70)	10.85
NVST	1.72	0.15	0.10	0.22	1.89	(1.78)	3.98	(3.42)	11.88

Parsons Corp Corporate Management

Debra Fiori	Chief People Officer	Profile
Susan Balaguer	Chief Human Resource Officer	Profile
Letitia Long	Independent Director	Profile
James Shappell	Managing Chairman	Profile
Dana Turturro	Senior Acquisition	Profile

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