Taskus Correlations

TASK Stock

USD 12.12 0.32 2.57%

The current 90-days correlation between Taskus Inc and WNS Holdings is 0.3 (i.e., Weak 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 0.37 (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.

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

0.61	KD	Kyndryl Holdings Sell-off Trend	Pair Corr
0.73	DMRC	Digimarc	Pair Corr
0.9	DTST	Data Storage Corp	Pair Corr
0.68	EPAM	EPAM Systems	Pair Corr
0.61	INOD	Innodata Tech Boost	Pair Corr

Moving against Taskus Stock

0.87	G	Genpact Limited	Pair Corr
0.87	FIS	Fidelity National	Pair Corr
0.85	GDS	GDS Holdings	Pair Corr
0.82	FI	Fiserv, Earnings Call This Week	Pair Corr
0.77	EXLS	ExlService Holdings Earnings Call This Week	Pair Corr
0.76	IT	Gartner	Pair Corr
0.74	VNET	VNET Group DRC	Pair Corr
0.7	ACN	Accenture plc	Pair Corr
0.59	AUR	Aurora Innovation	Pair Corr
0.55	DXC	DXC Technology	Pair Corr
0.43	BR	Broadridge Financial	Pair Corr
0.9	PSN	Parsons Corp	Pair Corr
0.83	IBM	International Business Earnings Call This Week	Pair Corr
0.81	GDYN	Grid Dynamics Holdings	Pair Corr
0.77	GIB	CGI Inc Fiscal Year End 13th of November 2024	Pair Corr
0.7	UIS	Unisys Tech Boost	Pair Corr
0.57	IBEX	IBEX	Pair Corr
0.48	WIT	Wipro Limited ADR	Pair Corr
0.47	GLOB	Globant SA	Pair Corr
0.71	PRFT	Perficient	Pair Corr
0.68	LDOS	Leidos Holdings	Pair Corr
0.67	NYAX	Nayax	Pair Corr
0.62	JKHY	Jack Henry Associates	Pair Corr
0.6	AUROW	Aurora Innovation	Pair Corr
0.58	INFY	Infosys Ltd ADR	Pair Corr

Related Correlations Analysis

	CACI	CDW	JKHY	IT	FIS	WNS	ASGN	SAIC
CACI		0.05	0.88	0.9	0.91	-0.79	0.14	0.94	CACI
CDW	0.05		0.09	0.0	0.04	0.06	0.78	0.05	CDW
JKHY	0.88	0.09		0.84	0.87	-0.81	0.25	0.91	JKHY
IT	0.9	0.0	0.84		0.9	-0.69	0.01	0.89	IT
FIS	0.91	0.04	0.87	0.9		-0.68	0.09	0.93	FIS
WNS	-0.79	0.06	-0.81	-0.69	-0.68		-0.13	-0.81	WNS
ASGN	0.14	0.78	0.25	0.01	0.09	-0.13		0.14	ASGN
SAIC	0.94	0.05	0.91	0.89	0.93	-0.81	0.14		SAIC
	CACI	CDW	JKHY	IT	FIS	WNS	ASGN	SAIC

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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

SAIC	+ 0.94	CACI
SAIC	+ 0.93	FIS
FIS	+ 0.91	CACI
SAIC	+ 0.91	JKHY
IT	+ 0.9	CACI
FIS	+ 0.9	IT

High negative correlations

SAIC	- 0.81	WNS
WNS	- 0.81	JKHY
WNS	- 0.79	CACI
WNS	- 0.69	IT
WNS	- 0.68	FIS
ASGN	- 0.13	WNS

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
CACI	0.79	0.20	0.14	0.30	0.98	(0.83)	1.58	(2.00)	5.79
CDW	1.16	(0.17)	0.00	(0.09)	0.00	0.00	2.02	(2.08)	7.78
JKHY	0.95	0.10	0.06	0.21	1.11	(1.05)	1.83	(1.75)	5.48
IT	1.02	0.14	0.11	0.17	1.13	(1.09)	2.51	(2.06)	10.48
FIS	0.82	0.18	0.16	0.30	0.70	(0.89)	1.69	(1.88)	7.19
WNS	1.61	(0.53)	0.00	(0.37)	0.00	0.00	2.90	(3.26)	6.77
ASGN	1.44	(0.17)	0.00	(0.04)	0.00	0.00	3.32	(2.70)	10.44
SAIC	0.89	0.29	0.17	(1.03)	0.93	(0.97)	1.80	(1.90)	7.30

Taskus Corporate Management

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
Mike Serpan	Senior Services	Profile

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