TTEC Holdings Correlations

TTEC Stock

USD 6.32 0.08 1.25%

The correlation of TTEC 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as TTEC Holdings moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TTEC Holdings moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Weak diversification

The correlation between TTEC Holdings and NYA 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 TTEC Holdings and NYA in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in TTEC 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 income.

For information on how to trade TTEC Stock refer to our How to Trade TTEC Stock guide.

The ability to find closely correlated positions to TTEC Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TTEC Holdings when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back TTEC Holdings - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling TTEC Holdings to buy it.

Moving together with TTEC Stock

0.79	IT	Gartner	Pair Corr
0.93	EPAM	EPAM Systems	Pair Corr
0.62	EXLS	ExlService Holdings	Pair Corr
0.95	ACN	Accenture plc Financial Report 27th of June 2024	Pair Corr
0.77	CTM	Castellum	Pair Corr
0.75	DXC	DXC Technology Buyout Trend	Pair Corr
0.92	GIB	CGI Inc Fiscal Year End 13th of November 2024	Pair Corr
0.89	IBM	International Business Financial Report 17th of July 2024	Pair Corr
0.9	III	Information Services	Pair Corr

Moving against TTEC Stock

0.6	FIS	Fidelity National	Pair Corr
0.51	KD	Kyndryl Holdings	Pair Corr
0.42	GDS	GDS Holdings Tech Boost	Pair Corr

Related Correlations Analysis

	OGN	WBD	VTRS	GEHC	HLN
OGN		-0.51	-0.76	-0.75	0.41	OGN
WBD	-0.51		0.52	0.74	-0.03	WBD
VTRS	-0.76	0.52		0.78	-0.18	VTRS
GEHC	-0.75	0.74	0.78		-0.17	GEHC
HLN	0.41	-0.03	-0.18	-0.17		HLN
	OGN	WBD	VTRS	GEHC	HLN

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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

GEHC	+ 0.78	VTRS
GEHC	+ 0.74	WBD
VTRS	+ 0.52	WBD
HLN	+ 0.41	OGN

High negative correlations

VTRS	- 0.76	OGN
GEHC	- 0.75	OGN
WBD	- 0.51	OGN
HLN	- 0.18	VTRS
HLN	- 0.17	GEHC
HLN	- 0.03	WBD

Risk-Adjusted Indicators

There is a big difference between TTEC Stock performing well and TTEC 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 TTEC 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
OGN	1.27	0.30	0.16	1.62	1.52	(1.39)	2.55	(2.55)	8.26
WBD	1.95	0.01	0.01	0.03	3.03	(1.76)	3.89	(4.21)	13.62
VTRS	0.95	(0.26)	0.00	(0.30)	0.00	0.00	1.67	(2.14)	6.98
GEHC	1.27	(0.29)	0.00	(0.15)	0.00	0.00	2.29	(2.19)	17.58
HLN	0.86	0.04	0.03	0.08	1.13	(0.88)	1.70	(1.96)	5.50

TTEC Holdings Corporate Management

Regina Paolillo	Chief Admin. and Financial Officer and Executive VP	Profile
Laura Butler	Chief Officer	Profile
John Everson	Chief Officer	Profile
Nick Cerise	Chief Officer	Profile
Jim Sheehan	Chief Digital	Profile

Complementary Tools for TTEC Stock analysis

When running TTEC Holdings' price analysis, check to measure TTEC Holdings' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy TTEC Holdings is operating at the current time. Most of TTEC Holdings' value examination focuses on studying past and present price action to predict the probability of TTEC Holdings' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TTEC Holdings' price. Additionally, you may evaluate how the addition of TTEC Holdings to your portfolios can decrease your overall portfolio volatility.

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