Maximus Correlations

MMS Stock

USD 72.50 0.40 0.55%

The current 90-days correlation between Maximus and First Advantage Corp is 0.24 (i.e., Modest diversification). The correlation of Maximus 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.

Maximus Correlation With Market

Modest diversification

The correlation between Maximus and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maximus and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Maximus. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

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

Moving together with Maximus Stock

0.75	BCO	Brinks Company	Pair Corr
0.61	HDSN	Hudson Technologies	Pair Corr
0.67	LNZA	LanzaTech Global	Pair Corr

Moving against Maximus Stock

0.68	INOD	Innodata Downward Rally	Pair Corr
0.62	PYCR	Paycor HCM	Pair Corr
0.57	WM	Waste Management	Pair Corr
0.57	DLX	Deluxe	Pair Corr
0.56	CTAS	Cintas	Pair Corr
0.5	AXR	AMREP	Pair Corr
0.37	HNI	HNI Corp	Pair Corr
0.36	VIRC	Virco Manufacturing	Pair Corr
0.36	ESGLW	ESGL Holdings Limited	Pair Corr
0.33	ACCO	Acco Brands	Pair Corr
0.32	SABR	Sabre Corpo	Pair Corr
0.31	NL	NL Industries	Pair Corr
0.83	BE	Bloom Energy Corp	Pair Corr
0.77	DIST	Distoken Acquisition	Pair Corr
0.67	AZ	A2Z Smart Technologies	Pair Corr
0.62	AL	Air Lease	Pair Corr
0.57	CR	Crane Company	Pair Corr
0.54	DE	Deere Company	Pair Corr
0.52	R	Ryder System	Pair Corr
0.52	PH	Parker Hannifin	Pair Corr
0.51	HI	Hillenbrand	Pair Corr
0.46	LZ	LegalZoom	Pair Corr
0.34	B	Barnes Group	Pair Corr

Related Correlations Analysis

	NTIP	FA	BV	CVEO	CBZ	PFSW	RTO	AZZ	CASS
NTIP		0.32	-0.65	0.49	-0.25	-0.54	0.44	-0.21	-0.34	NTIP
FA	0.32		-0.21	0.49	-0.43	-0.62	-0.2	0.01	-0.48	FA
BV	-0.65	-0.21		-0.43	0.55	0.63	-0.2	0.45	0.68	BV
CVEO	0.49	0.49	-0.43		-0.75	-0.73	0.05	-0.62	-0.63	CVEO
CBZ	-0.25	-0.43	0.55	-0.75		0.65	0.26	0.74	0.87	CBZ
PFSW	-0.54	-0.62	0.63	-0.73	0.65		-0.15	0.42	0.66	PFSW
RTO	0.44	-0.2	-0.2	0.05	0.26	-0.15		-0.1	0.07	RTO
AZZ	-0.21	0.01	0.45	-0.62	0.74	0.42	-0.1		0.67	AZZ
CASS	-0.34	-0.48	0.68	-0.63	0.87	0.66	0.07	0.67		CASS
	NTIP	FA	BV	CVEO	CBZ	PFSW	RTO	AZZ	CASS

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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

CASS	+ 0.87	CBZ
AZZ	+ 0.74	CBZ
CASS	+ 0.68	BV
CASS	+ 0.67	AZZ
CASS	+ 0.66	PFSW
PFSW	+ 0.65	CBZ

High negative correlations

CBZ	- 0.75	CVEO
PFSW	- 0.73	CVEO
BV	- 0.65	NTIP
CASS	- 0.63	CVEO
AZZ	- 0.62	CVEO
PFSW	- 0.62	FA

Risk-Adjusted Indicators

There is a big difference between Maximus Stock performing well and Maximus 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 Maximus' 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
NTIP	1.94	(0.16)	0.00	(0.62)	0.00	0.00	3.88	(4.37)	32.25
FA	1.32	(0.07)	(0.04)	0.05	1.56	(1.47)	3.63	(3.01)	9.66
BV	1.60	(0.10)	0.01	0.07	2.67	(1.79)	3.55	(2.88)	19.91
CVEO	1.40	(0.32)	0.00	(0.21)	0.00	0.00	2.22	(3.21)	11.82
CBZ	1.27	0.08	0.07	0.18	1.41	(1.36)	2.78	(2.49)	9.49
PFSW	2.08	0.19	0.02	30.68	2.81	(2.29)	5.84	(5.09)	17.10
RTO	1.59	(0.39)	0.00	(0.53)	0.00	0.00	2.40	(2.69)	22.43
AZZ	1.72	(0.06)	0.03	0.09	1.96	(1.91)	3.18	(3.14)	9.06
CASS	1.28	(0.11)	(0.03)	0.04	1.57	(1.48)	2.92	(2.97)	9.44

Maximus Corporate Management

Bruce Caswell	Pres and General Manager of Global Health Services	Profile
Elisabeth Schmidt	Senior Services	Profile
Derrick Pledger	Chief Officer	Profile
David Francis	General Counsel, Secretary	Profile
John Lambeth	Chief Officer	Profile
Jessica Batt	VP ESG	Profile

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