ExlService Holdings Correlations

EXLS Stock

USD 46.59 0.43 0.91%

The current 90-days correlation between ExlService Holdings and Genpact Limited is 0.4 (i.e., Very weak diversification). The correlation of ExlService 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

ExlService Holdings Correlation With Market

Very weak diversification

The correlation between ExlService Holdings and DJI is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ExlService Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ExlService 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 bureau of economic analysis.

For more information on how to buy ExlService Stock please use our How to Invest in ExlService Holdings guide.

Moving together with ExlService Stock

0.77	NL	NL Industries	Pair Corr
0.94	WM	Waste Management	Pair Corr
0.84	AXR	AMREP	Pair Corr
0.78	DLX	Deluxe	Pair Corr
0.66	HNI	HNI Corp	Pair Corr
0.88	INOD	Innodata Downward Rally	Pair Corr
0.73	ESGLW	ESGL Holdings Limited	Pair Corr
0.67	LICY	LiCycle Holdings Corp	Pair Corr
0.9	PYCR	Paycor HCM	Pair Corr
0.72	ACCO	Acco Brands	Pair Corr
0.93	CTAS	Cintas	Pair Corr
0.76	B	Barnes Group	Pair Corr
0.77	J	Jacobs Solutions	Pair Corr
0.93	R	Ryder System	Pair Corr
0.91	DIST	Distoken Acquisition	Pair Corr
0.8	AL	Air Lease	Pair Corr
0.91	AZ	A2Z Smart Technologies	Pair Corr
0.65	BE	Bloom Energy Corp	Pair Corr
0.77	BV	BrightView Holdings	Pair Corr

Moving against ExlService Stock

0.9	HDSN	Hudson Technologies	Pair Corr
0.75	BCO	Brinks Company	Pair Corr
0.74	MG	Mistras Group	Pair Corr
0.61	CDTG	CDT Environmental	Pair Corr
0.55	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.48	CMPR	Cimpress NV	Pair Corr
0.84	CP	Canadian Pacific Railway	Pair Corr
0.7	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.53	GP	GreenPower Motor	Pair Corr
0.51	FC	Franklin Covey	Pair Corr
0.49	HY	Hyster Yale Materials	Pair Corr
0.47	AP	Ampco Pittsburgh	Pair Corr
0.41	FA	First Advantage Corp	Pair Corr
0.36	OP	Oceanpal	Pair Corr

Related Correlations Analysis

	G	ASGN	TTEC	TWKS	WNS	IT	HCKT	SAIC	CLVT	LDOS
G		-0.21	-0.12	0.64	0.08	0.54	0.94	-0.27	-0.88	0.36	G
ASGN	-0.21		0.4	-0.06	0.01	0.3	-0.1	0.69	0.16	0.45	ASGN
TTEC	-0.12	0.4		0.23	-0.54	0.15	-0.18	0.42	0.16	0.3	TTEC
TWKS	0.64	-0.06	0.23		-0.6	0.75	0.6	0.19	-0.63	0.64	TWKS
WNS	0.08	0.01	-0.54	-0.6		-0.48	0.14	-0.47	0.0	-0.37	WNS
IT	0.54	0.3	0.15	0.75	-0.48		0.56	0.49	-0.59	0.68	IT
HCKT	0.94	-0.1	-0.18	0.6	0.14	0.56		-0.24	-0.88	0.38	HCKT
SAIC	-0.27	0.69	0.42	0.19	-0.47	0.49	-0.24		0.14	0.69	SAIC
CLVT	-0.88	0.16	0.16	-0.63	0.0	-0.59	-0.88	0.14		-0.48	CLVT
LDOS	0.36	0.45	0.3	0.64	-0.37	0.68	0.38	0.69	-0.48		LDOS
	G	ASGN	TTEC	TWKS	WNS	IT	HCKT	SAIC	CLVT	LDOS

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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

HCKT	+ 0.94	G
IT	+ 0.75	TWKS
SAIC	+ 0.69	ASGN
LDOS	+ 0.69	SAIC
LDOS	+ 0.68	IT
TWKS	+ 0.64	G

High negative correlations

CLVT	- 0.88	HCKT
CLVT	- 0.88	G
CLVT	- 0.63	TWKS
WNS	- 0.6	TWKS
CLVT	- 0.59	IT
WNS	- 0.54	TTEC

Risk-Adjusted Indicators

There is a big difference between ExlService Stock performing well and ExlService 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 ExlService 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
G	0.98	0.18	0.15	0.33	0.82	(1.14)	2.64	(1.63)	11.64
ASGN	1.50	(0.30)	0.00	(0.03)	0.00	0.00	2.35	(3.35)	13.02
TTEC	3.48	0.02	0.02	0.14	3.28	(4.61)	6.44	(4.94)	56.54
TWKS	0.28	0.03	(0.16)	0.60	0.24	(0.40)	0.68	(0.46)	2.49
WNS	1.62	(0.26)	0.00	(0.17)	0.00	0.00	2.95	(3.12)	13.44
IT	0.80	(0.01)	0.00	0.11	1.05	(0.76)	1.37	(2.06)	7.23
HCKT	1.36	0.11	0.16	0.18	0.94	(1.70)	2.61	(1.80)	19.63
SAIC	1.23	(0.13)	0.00	(0.05)	0.00	0.00	1.89	(2.60)	19.63
CLVT	2.28	(0.03)	0.00	0.15	0.00	0.00	4.52	(3.78)	31.28
LDOS	1.24	0.03	0.00	0.15	2.87	(1.19)	2.17	(1.90)	23.10

ExlService Holdings Corporate Management

Anita Mahon	Executive Healthcare	Profile
Joel Katz	Senior Officer	Profile
John Kristoff	Vice Relations	Profile
Steven Barlow	VP Relations	Profile
Baljinder Singh	Global VP	Profile

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