Taskus Correlations

TASK Stock

USD 11.38 0.28 2.40%

The current 90-days correlation between Taskus Inc and Magic Software Enterprises is 0.04 (i.e., Significant 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

Weak diversification

The correlation between Taskus Inc and DJI is 0.31 (i.e., 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 real.

Moving together with Taskus Stock

0.69	GDS	GDS Holdings	Pair Corr
0.72	INOD	Innodata	Pair Corr

Moving against Taskus Stock

0.65	PPERY	Bank Mandiri Persero	Pair Corr
0.58	PBCRY	Bank Central Asia	Pair Corr
0.49	CASS	Cass Information Systems	Pair Corr
0.44	G	Genpact Limited	Pair Corr
0.4	PBCRF	PT Bank Central	Pair Corr
0.34	PPERF	Bank Mandiri Persero	Pair Corr
0.7	TLK	Telkom Indonesia Tbk	Pair Corr
0.68	MTSI	MACOM Technology Sol	Pair Corr
0.58	TER	Teradyne	Pair Corr
0.51	COO	Cooper Companies,	Pair Corr
0.46	RDNW	RideNow Group, Symbol Change	Pair Corr
0.36	MLLCF	Molecular Partners	Pair Corr
0.32	SZLMY	Swiss Life Holding Normal Trading	Pair Corr
0.68	CTBG	Coil Tubing Technology	Pair Corr
0.63	BBVA	Banco Bilbao Viscaya	Pair Corr
0.62	OYSE	Oyster Enterprises	Pair Corr
0.53	CAIXY	Caixabank SA ADR	Pair Corr
0.38	BSEG	Big Screen Entertainment	Pair Corr
0.35	AGNPF	Algernon Pharmaceuticals	Pair Corr

Related Correlations Analysis

	MGIC	CRCT	WYFI	UPBD	HKD	HLIT	TIXT	NTSK	VRNT	CTLP
MGIC		-0.42	-0.73	-0.75	-0.57	-0.17	0.54	-0.55	-0.12	0.09	MGIC
CRCT	-0.42		0.49	0.66	0.34	0.51	-0.54	0.55	0.39	-0.11	CRCT
WYFI	-0.73	0.49		0.61	0.64	0.5	-0.69	0.76	0.03	-0.12	WYFI
UPBD	-0.75	0.66	0.61		0.34	0.48	-0.65	0.58	0.33	-0.16	UPBD
HKD	-0.57	0.34	0.64	0.34		0.41	-0.45	0.64	-0.02	-0.27	HKD
HLIT	-0.17	0.51	0.5	0.48	0.41		-0.68	0.66	0.04	-0.27	HLIT
TIXT	0.54	-0.54	-0.69	-0.65	-0.45	-0.68		-0.61	-0.22	0.27	TIXT
NTSK	-0.55	0.55	0.76	0.58	0.64	0.66	-0.61		0.07	-0.28	NTSK
VRNT	-0.12	0.39	0.03	0.33	-0.02	0.04	-0.22	0.07		-0.09	VRNT
CTLP	0.09	-0.11	-0.12	-0.16	-0.27	-0.27	0.27	-0.28	-0.09		CTLP
	MGIC	CRCT	WYFI	UPBD	HKD	HLIT	TIXT	NTSK	VRNT	CTLP

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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

NTSK	+ 0.76	WYFI
UPBD	+ 0.66	CRCT
NTSK	+ 0.66	HLIT
HKD	+ 0.64	WYFI
NTSK	+ 0.64	HKD
UPBD	+ 0.61	WYFI

High negative correlations

UPBD	- 0.75	MGIC
WYFI	- 0.73	MGIC
TIXT	- 0.69	WYFI
TIXT	- 0.68	HLIT
TIXT	- 0.65	UPBD
NTSK	- 0.61	TIXT

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
MGIC	1.94	0.45	0.18	0.59	2.05	(2.27)	4.98	(3.51)	16.15
CRCT	1.77	(0.43)	0.00	(0.34)	0.00	0.00	2.66	(5.19)	10.23
WYFI	6.05	(0.18)	0.00	(0.38)	0.00	0.00	17.13	(11.89)	36.83
UPBD	2.12	(0.58)	0.00	(0.24)	0.00	0.00	4.21	(4.18)	19.87
HKD	4.38	(0.16)	0.00	0.49	0.00	0.00	5.04	(8.72)	93.20
HLIT	1.51	(0.07)	(0.01)	0.02	2.40	(1.36)	2.76	(3.80)	10.46
TIXT	0.38	(0.15)	0.00	1.02	0.00	0.00	0.46	(1.15)	2.90
NTSK	3.55	(0.17)	0.00	0.22	0.00	0.00	6.76	(7.68)	19.60
VRNT	0.12	0.00	(0.37)	(0.46)	0.06	(0.16)	0.20	(0.20)	0.79
CTLP	0.28	0.00	(0.14)	0.07	0.34	(0.33)	0.47	(0.56)	2.92

Taskus Corporate Management

Claudia JD	General Secretary	Profile
Jarrod Johnson	Chief Officer	Profile
Sapna Bhambani	Senior Operations	Profile
Sean Neighbors	Senior Offerings	Profile
Jon Wouters	Facilities Growth	Profile
Claudia Walsh	General Secretary	Profile
Charley Lemaster	Senior Sales	Profile

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