Taskus Correlations

TASK Stock

USD 11.61 0.04 0.34%

The current 90-days correlation between Taskus Inc and Magic Software Enterprises is -0.11 (i.e., Good 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

Average diversification

The correlation between Taskus Inc and DJI is 0.12 (i.e., Average 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.

Build AI portfolio with Taskus Stock

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 population.

Moving together with Taskus Stock

0.64	EEFT	Euronet Worldwide	Pair Corr
0.63	FOUR	Shift4 Payments	Pair Corr
0.72	XYZ	Block Inc Symbol Change	Pair Corr
0.74	YXT	YXTCOM GROUP HOLDING	Pair Corr
0.76	IIIV	i3 Verticals	Pair Corr
0.66	INOD	Innodata	Pair Corr
0.63	CPU	Computershare	Pair Corr
0.85	RPAY	Repay Holdings Corp	Pair Corr
0.76	SABR	Sabre Corpo	Pair Corr
0.67	BLMZ	BloomZ Ordinary Shares	Pair Corr
0.86	CNDT	Conduent	Pair Corr

Moving against Taskus Stock

0.69	G	Genpact Limited	Pair Corr
0.64	IMXI	International Money	Pair Corr
0.44	002312	Sichuan Development Lomon	Pair Corr
0.71	BIIB	Biogen Inc	Pair Corr
0.6	CSGS	CSG Systems International	Pair Corr
0.6	BRK-A	Berkshire Hathaway	Pair Corr
0.5	FSBW	FS Bancorp Earnings Call This Week	Pair Corr
0.49	CASS	Cass Information Systems Earnings Call This Week	Pair Corr
0.41	NTR	Nutrien	Pair Corr

Related Correlations Analysis

	MGIC	CRCT	WYFI	UPBD	HKD	HLIT	TIXT	NTSK	VRNT	CTLP
MGIC		-0.05	-0.76	-0.33	-0.62	-0.11	0.37	-0.55	-0.76	0.36	MGIC
CRCT	-0.05		0.31	0.37	0.26	0.6	-0.02	0.59	-0.27	-0.43	CRCT
WYFI	-0.76	0.31		0.64	0.77	0.49	-0.17	0.73	0.55	-0.32	WYFI
UPBD	-0.33	0.37	0.64		0.27	0.55	0.11	0.27	0.11	0.18	UPBD
HKD	-0.62	0.26	0.77	0.27		0.38	-0.18	0.64	0.51	-0.36	HKD
HLIT	-0.11	0.6	0.49	0.55	0.38		0.01	0.53	-0.18	-0.08	HLIT
TIXT	0.37	-0.02	-0.17	0.11	-0.18	0.01		-0.33	-0.23	0.46	TIXT
NTSK	-0.55	0.59	0.73	0.27	0.64	0.53	-0.33		0.4	-0.72	NTSK
VRNT	-0.76	-0.27	0.55	0.11	0.51	-0.18	-0.23	0.4		-0.32	VRNT
CTLP	0.36	-0.43	-0.32	0.18	-0.36	-0.08	0.46	-0.72	-0.32		CTLP
	MGIC	CRCT	WYFI	UPBD	HKD	HLIT	TIXT	NTSK	VRNT	CTLP

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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

HKD	+ 0.77	WYFI
NTSK	+ 0.73	WYFI
UPBD	+ 0.64	WYFI
NTSK	+ 0.64	HKD
HLIT	+ 0.6	CRCT
NTSK	+ 0.59	CRCT

High negative correlations

VRNT	- 0.76	MGIC
WYFI	- 0.76	MGIC
CTLP	- 0.72	NTSK
HKD	- 0.62	MGIC
NTSK	- 0.55	MGIC
CTLP	- 0.43	CRCT

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
MGIC	1.88	0.37	0.15	0.59	1.96	(2.25)	4.98	(2.78)	16.15
CRCT	1.54	(0.23)	0.00	(3.43)	0.00	0.00	2.72	(4.95)	11.49
WYFI	5.40	(0.18)	0.00	0.15	0.00	0.00	11.22	(11.60)	35.78
UPBD	2.03	(0.10)	0.00	0.50	0.00	0.00	4.61	(3.85)	18.70
HKD	4.28	0.17	0.01	(0.30)	5.20	(5.76)	5.51	(8.72)	93.20
HLIT	1.46	(0.04)	0.00	(0.17)	0.00	0.00	2.76	(3.80)	11.35
TIXT	0.68	(0.42)	0.00	(11.80)	0.00	0.00	0.92	(2.45)	2.45
NTSK	3.19	(0.56)	0.00	1.46	0.00	0.00	5.55	(7.68)	19.31
VRNT	0.15	0.03	(0.28)	(1.01)	0.00	(0.20)	0.20	(0.20)	1.33
CTLP	0.30	0.03	(0.16)	(0.48)	0.28	(0.41)	0.76	(0.56)	2.92

Taskus Corporate Management

Claudia JD	General Secretary	Profile
Jarrod Johnson	Chief Officer	Profile
Sapna Bhambani	Senior Operations	Profile
Sean Neighbors	Senior Offerings	Profile
Jon Wouters	Facilities Growth	Profile
Claudia Walsh	General Secretary	Profile
Charley Lemaster	Senior Sales	Profile

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