BG Staffing Correlations

BGSF Stock

USD 5.63 0.04 0.72%

The current 90-days correlation between BG Staffing and Hudson Global is -0.19 (i.e., Good diversification). The correlation of BG Staffing 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

BG Staffing Correlation With Market

Average diversification

The correlation between BG Staffing and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BG Staffing and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BG Staffing. 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.

For more detail on how to invest in BGSF Stock please use our How to Invest in BG Staffing guide.

Moving together with BGSF Stock

0.77	FC	Franklin Covey	Pair Corr
0.73	MG	Mistras Group	Pair Corr
0.69	EXPO	Exponent	Pair Corr
0.76	BCO	Brinks Company	Pair Corr
0.64	FCN	FTI Consulting	Pair Corr

Moving against BGSF Stock

0.76	G	Genpact Limited	Pair Corr
0.72	SQ	Block Inc Sell-off Trend	Pair Corr
0.71	VRSK	Verisk Analytics	Pair Corr
0.68	KC	Kingsoft Cloud Holdings Tech Boost	Pair Corr
0.61	LZ	LegalZoom	Pair Corr
0.59	WM	Waste Management Sell-off Trend	Pair Corr
0.59	VSEC	VSE Corporation	Pair Corr
0.57	VIRC	Virco Manufacturing Earnings Call This Week	Pair Corr
0.56	BR	Broadridge Financial	Pair Corr
0.56	EEFT	Euronet Worldwide	Pair Corr
0.79	CBZ	CBIZ Inc	Pair Corr
0.78	DLX	Deluxe	Pair Corr
0.69	DNB	Dun Bradstreet Holdings Sell-off Trend	Pair Corr
0.65	BTM	Bitcoin Depot	Pair Corr
0.6	EXLS	ExlService Holdings	Pair Corr
0.55	AXR	AMREP	Pair Corr
0.52	FOUR	Shift4 Payments	Pair Corr
0.39	ABM	ABM Industries Fiscal Year End 11th of December 2024	Pair Corr
0.84	FVRR	Fiverr International	Pair Corr
0.71	GFL	Gfl Environmental	Pair Corr
0.66	RSG	Republic Services	Pair Corr
0.64	WCN	Waste Connections	Pair Corr

Related Correlations Analysis

	KELYA	KFY	HSII	HSON	MAN	KFRC	KELYB	HQI
KELYA		-0.63	-0.84	0.22	0.71	0.14	0.94	-0.53	KELYA
KFY	-0.63		0.86	-0.24	-0.26	0.2	-0.68	0.59	KFY
HSII	-0.84	0.86		-0.27	-0.66	0.04	-0.86	0.56	HSII
HSON	0.22	-0.24	-0.27		0.16	-0.01	0.27	-0.12	HSON
MAN	0.71	-0.26	-0.66	0.16		0.49	0.68	-0.14	MAN
KFRC	0.14	0.2	0.04	-0.01	0.49		0.06	0.37	KFRC
KELYB	0.94	-0.68	-0.86	0.27	0.68	0.06		-0.62	KELYB
HQI	-0.53	0.59	0.56	-0.12	-0.14	0.37	-0.62		HQI
	KELYA	KFY	HSII	HSON	MAN	KFRC	KELYB	HQI

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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

KELYB	+ 0.94	KELYA
HSII	+ 0.86	KFY
MAN	+ 0.71	KELYA
KELYB	+ 0.68	MAN
HQI	+ 0.59	KFY
HQI	+ 0.56	HSII

High negative correlations

KELYB	- 0.86	HSII
HSII	- 0.84	KELYA
KELYB	- 0.68	KFY
MAN	- 0.66	HSII
KFY	- 0.63	KELYA
HQI	- 0.62	KELYB

Risk-Adjusted Indicators

There is a big difference between BGSF Stock performing well and BG Staffing 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 BG Staffing'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
KELYA	1.76	(0.70)	0.00	(0.29)	0.00	0.00	2.89	(4.04)	27.28
KFY	1.29	(0.07)	0.01	0.09	1.38	(1.37)	3.56	(2.17)	9.56
HSII	1.52	0.02	0.11	0.14	1.30	(1.75)	3.31	(2.62)	15.55
HSON	1.80	(0.28)	0.00	2.83	0.00	0.00	4.12	(4.27)	16.19
MAN	1.43	(0.35)	0.00	(0.13)	0.00	0.00	2.76	(2.84)	12.95
KFRC	1.30	(0.26)	0.00	(0.10)	0.00	0.00	2.48	(3.03)	9.02
KELYB	1.43	(0.35)	0.00	0.74	0.00	0.00	2.55	(6.15)	17.93
HQI	1.91	(0.08)	0.02	0.09	2.16	(2.03)	4.44	(3.47)	14.14

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