ExlService Holdings Correlations

EXLS Stock

USD 41.85 0.38 0.90%

The current 90-days correlation between ExlService Holdings and Genpact Limited is 0.5 (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

Poor diversification

The correlation between ExlService Holdings and DJI is 0.78 (i.e., Poor 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

0.66	FI	Fiserv, Sell-off Trend	Pair Corr
0.72	IT	Gartner Sell-off Trend	Pair Corr
0.77	KD	Kyndryl Holdings	Pair Corr
0.65	VRRM	Verra Mobility Corp	Pair Corr
0.73	EPAM	EPAM Systems	Pair Corr
0.8	ACN	Accenture plc Sell-off Trend	Pair Corr
0.82	DXC	DXC Technology	Pair Corr
0.89	GIB	CGI Inc	Pair Corr
0.62	GMM	Global Mofy Metaverse	Pair Corr
0.69	MFH	Mercurity Fintech Holding	Pair Corr
0.71	UIS	Unisys	Pair Corr
0.69	VYX	NCR Voyix	Pair Corr
0.88	WIT	Wipro Limited ADR	Pair Corr
0.84	GDYN	Grid Dynamics Holdings Sell-off Trend	Pair Corr
0.64	WYY	Widepoint C	Pair Corr
0.75	GLOB	Globant SA	Pair Corr
0.81	HCKT	Hackett Group	Pair Corr

Moving against ExlService Stock

0.47	GLE	Global Engine Group Tech Boost	Pair Corr
0.42	CTM	Castellum	Pair Corr

Related Correlations Analysis

	G	ASGN	TTEC	TWKS	WNS	IT	HCKT	SAIC	CLVT	LDOS
G		-0.46	-0.66	0.0	0.56	0.05	0.33	-0.74	-0.26	-0.7	G
ASGN	-0.46		0.37	0.0	-0.47	0.82	0.58	0.37	0.94	0.76	ASGN
TTEC	-0.66	0.37		0.0	-0.56	0.05	0.04	0.45	0.32	0.46	TTEC
TWKS	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TWKS
WNS	0.56	-0.47	-0.56	0.0		-0.32	-0.12	-0.31	-0.41	-0.48	WNS
IT	0.05	0.82	0.05	0.0	-0.32		0.81	-0.15	0.89	0.36	IT
HCKT	0.33	0.58	0.04	0.0	-0.12	0.81		-0.28	0.73	0.13	HCKT
SAIC	-0.74	0.37	0.45	0.0	-0.31	-0.15	-0.28		0.18	0.82	SAIC
CLVT	-0.26	0.94	0.32	0.0	-0.41	0.89	0.73	0.18		0.6	CLVT
LDOS	-0.7	0.76	0.46	0.0	-0.48	0.36	0.13	0.82	0.6		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

CLVT	+ 0.94	ASGN
CLVT	+ 0.89	IT
IT	+ 0.82	ASGN
LDOS	+ 0.82	SAIC
HCKT	+ 0.81	IT
LDOS	+ 0.76	ASGN

High negative correlations

SAIC	- 0.74	G
LDOS	- 0.7	G
TTEC	- 0.66	G
WNS	- 0.56	TTEC
LDOS	- 0.48	WNS
WNS	- 0.47	ASGN

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	1.20	0.20	0.15	0.12	1.59	(1.18)	2.24	(3.21)	15.00
ASGN	1.65	(0.47)	0.00	(2.25)	0.00	0.00	2.64	(4.79)	9.85
TTEC	3.66	(0.50)	0.00	0.15	0.00	0.00	4.60	(7.69)	63.42
TWKS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WNS	2.14	0.62	0.28	0.31	1.82	(2.66)	5.39	(3.44)	27.01
IT	1.36	(0.18)	0.00	(0.35)	0.00	0.00	1.93	(3.03)	8.80
HCKT	0.97	(0.18)	0.00	(1.13)	0.00	0.00	1.45	(2.37)	5.59
SAIC	1.70	(0.01)	0.07	0.46	2.48	(1.81)	3.41	(4.77)	14.92
CLVT	1.87	(0.55)	0.00	(2.08)	0.00	0.00	2.91	(5.58)	13.58
LDOS	1.45	(0.11)	0.00	3.65	0.00	0.00	2.71	(4.53)	11.05

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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