TaskUs, Inc. Class A Common Stock (TASK) — Stock Correlations & Overview
Over the past year, TASK has moved most closely with MGN, MLKN, WEEL. Explore the stocks most correlated and inversely correlated with TASK below, along with its price, financials, and company profile.
Stocks correlated with TASK
Correlation of daily returns. Higher positive values move with TASK; negative values move opposite it. Informational only, not investment advice.
Most correlated with TASK
| Symbol | Company | Correlation |
|---|---|---|
| MGN | Megan Holdings Limited Class A Ordinary Shares | 0.55 |
| MLKN | MillerKnoll, Inc. Common StockOFFICE FURNITURE | 0.46 |
| WEEL | Peerless Option Income Wheel ETF | 0.46 |
| RSPC | Invesco Exchange-Traded Fund Trust Invesco S&P 500 Equal Weight Communication Services ETF | 0.43 |
| XLC | State Street Communication Services Select Sector SPDR ETF | 0.43 |
Most inversely correlated with TASK
| Symbol | Company | Correlation |
|---|---|---|
| EEIQ | EpicQuest Education Group International Limited Common Stock | -0.43 |
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.38 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.36 |
| FLYD | MicroSectors Travel -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.34 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.33 |
Frequently asked questions about TASK correlations
- Which stocks are most correlated with TASK?
- Based on one year of daily returns, the stocks most correlated with TaskUs, Inc. Class A Common Stock (TASK) are MGN (0.55), MLKN (0.46) and WEEL (0.46). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with TASK?
- Over the past year, the stocks most inversely correlated with TaskUs, Inc. Class A Common Stock (TASK) are EEIQ (-0.43), HDGE (-0.38) and DWSH (-0.36). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these TASK correlations calculated?
- We compute the correlation of daily returns between TASK and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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