ExlService Holdings, Inc. (EXLS) Correlation Distribution
Across 6,809 rolling correlation observations between ExlService Holdings, Inc. (EXLS) and other NASDAQ-listed stocks, 39% are positive and 61% are negative. The most common correlation range is -0.7 to -0.6, and the average pairwise correlation is -0.121, indicating a negative co-movement bias. Strong positive correlations (≥0.7) account for 11.7% and strong negative correlations (≤−0.7) for 15.1%.
- Total observations
- 6,809
- Mean correlation
- -0.121
- Most common range
- -0.7 to -0.6
- Positive pairs
- 39%
- Strong positive (≥0.7)
- 11.7%
- Sector
- Services-Business Services, Nec
Correlation distribution
| Correlation range | Pairs | Share | Chart |
|---|---|---|---|
| -1.0 to -0.9 | 13 | 0.2% | |
| -0.9 to -0.8 | 506 | 7.4% | |
| -0.8 to -0.7 | 506 | 7.4% | |
| -0.7 to -0.6 | 685 | 10.1% | |
| -0.6 to -0.5 | 685 | 10.1% | |
| -0.5 to -0.4 | 475 | 7.0% | |
| -0.4 to -0.3 | 474 | 7.0% | |
| -0.3 to -0.2 | 281 | 4.1% | |
| -0.2 to -0.1 | 281 | 4.1% | |
| -0.1 to 0.0 | 245 | 3.6% | |
| 0.0 to 0.1 | 245 | 3.6% | |
| 0.1 to 0.2 | 241 | 3.5% | |
| 0.2 to 0.3 | 240 | 3.5% | |
| 0.3 to 0.4 | 275 | 4.0% | |
| 0.4 to 0.5 | 274 | 4.0% | |
| 0.5 to 0.6 | 293 | 4.3% | |
| 0.6 to 0.7 | 292 | 4.3% | |
| 0.7 to 0.8 | 370 | 5.4% | |
| 0.8 to 0.9 | 370 | 5.4% | |
| 0.9 to 1.0 | 58 | 0.9% |
Frequently asked questions
What is the average correlation of EXLS?
ExlService Holdings, Inc. (EXLS) has an average correlation of about -0.121 with other NASDAQ stocks, based on 6,809 pairwise observations.
Is EXLS positively correlated with other stocks?
Not predominantly — 39% of pairs are positive and 61% are negative. Strong positive correlations (≥0.7) make up 11.7%.
What is the most common correlation range for EXLS?
The most common range is -0.7 to -0.6. Weak correlations (−0.3 to 0.3) account for 22.5% of all pairs.
Explore the full interactive correlation distribution for EXLS.
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