Taskus Correlations

TASK Stock

USD 16.82 2.44 16.97%

The current 90-days correlation between Taskus Inc and The Hackett Group is -0.13 (i.e., Good 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

Very weak diversification

The correlation between Taskus Inc 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 Taskus Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Taskus Stock

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 together with Taskus Stock

0.64	G	Genpact Limited	Pair Corr
0.75	BV	BrightView Holdings	Pair Corr
0.88	FA	First Advantage Corp	Pair Corr
0.72	FC	Franklin Covey	Pair Corr
0.82	DLHC	DLH Holdings Corp	Pair Corr
0.72	VCIG	VCI Global Limited	Pair Corr
0.63	VLTO	Veralto Sell-off Trend	Pair Corr
0.69	WFCF	Where Food Comes Potential Growth	Pair Corr
0.87	EXLS	ExlService Holdings	Pair Corr
0.8	DLX	Deluxe	Pair Corr
0.82	FVRR	Fiverr International	Pair Corr
0.64	LNZA	LanzaTech Global	Pair Corr
0.64	ASGN	ASGN Inc	Pair Corr
0.73	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.86	CLVT	CLARIVATE PLC	Pair Corr
0.74	CNDT	Conduent	Pair Corr
0.88	J	Jacobs Solutions	Pair Corr
0.64	R	Ryder System	Pair Corr

Moving against Taskus Stock

0.42	VSEC	VSE Corporation	Pair Corr
0.42	WNS	WNS Holdings	Pair Corr
0.34	ACU	Acme United	Pair Corr

Related Correlations Analysis

	HCKT	WNS	ASGN	PRFT	G	TTEC	EXLS	IT	CSPI	FORTY
HCKT		-0.39	0.88	0.0	0.81	-0.44	0.82	0.83	0.58	0.68	HCKT
WNS	-0.39		-0.26	0.0	-0.4	0.01	-0.38	-0.63	-0.34	-0.49	WNS
ASGN	0.88	-0.26		0.0	0.59	-0.5	0.76	0.84	0.63	0.6	ASGN
PRFT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	PRFT
G	0.81	-0.4	0.59	0.0		-0.4	0.8	0.75	0.59	0.72	G
TTEC	-0.44	0.01	-0.5	0.0	-0.4		-0.4	-0.4	-0.29	-0.37	TTEC
EXLS	0.82	-0.38	0.76	0.0	0.8	-0.4		0.88	0.82	0.65	EXLS
IT	0.83	-0.63	0.84	0.0	0.75	-0.4	0.88		0.77	0.74	IT
CSPI	0.58	-0.34	0.63	0.0	0.59	-0.29	0.82	0.77		0.6	CSPI
FORTY	0.68	-0.49	0.6	0.0	0.72	-0.37	0.65	0.74	0.6		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

ASGN	+ 0.88	HCKT
IT	+ 0.88	EXLS
IT	+ 0.84	ASGN
IT	+ 0.83	HCKT
EXLS	+ 0.82	HCKT
CSPI	+ 0.82	EXLS

High negative correlations

IT	- 0.63	WNS
TTEC	- 0.5	ASGN
FORTY	- 0.49	WNS
TTEC	- 0.44	HCKT
IT	- 0.4	TTEC
EXLS	- 0.4	TTEC

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	1.13	(0.40)	0.00	3.67	0.00	0.00	1.70	(2.67)	5.86
WNS	1.87	0.05	0.00	(0.06)	0.00	0.00	4.57	(4.27)	18.81
ASGN	2.03	(0.54)	0.00	(0.84)	0.00	0.00	3.52	(4.84)	19.92
PRFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
G	1.52	(0.14)	0.00	(0.31)	0.00	0.00	1.60	(3.27)	15.00
TTEC	3.99	0.28	0.10	(0.47)	4.31	(4.76)	6.74	(7.69)	63.42
EXLS	1.51	(0.03)	0.00	(0.14)	0.00	0.00	2.09	(4.32)	12.26
IT	1.51	(0.22)	0.00	(0.33)	0.00	0.00	2.57	(3.47)	11.06
CSPI	3.18	0.00	0.00	(0.11)	0.00	0.00	6.79	(5.96)	17.69
FORTY	1.20	0.03	0.07	0.10	1.41	(2.01)	3.20	(3.02)	10.25

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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