CACI International Correlations

CACI Stock

USD 401.01 2.99 0.74%

The current 90-days correlation between CACI International and Leidos Holdings is 0.88 (i.e., Very poor diversification). The correlation of CACI International 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.

CACI International Correlation With Market

Modest diversification

The correlation between CACI International and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CACI International and DJI in the same portfolio, assuming nothing else is changed.

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

For more detail on how to invest in CACI Stock please use our How to Invest in CACI International guide.

Moving together with CACI Stock

0.62	FIS	Fidelity National	Pair Corr
0.77	PSN	Parsons Corp	Pair Corr
0.96	LDOS	Leidos Holdings Sell-off Trend	Pair Corr

Moving against CACI Stock

0.84	VNET	VNET Group DRC	Pair Corr
0.83	IBM	International Business	Pair Corr
0.8	FI	Fiserv, Sell-off Trend	Pair Corr
0.62	WRD	WeRide American Depo	Pair Corr
0.52	JZ	Jianzhi Education	Pair Corr
0.37	EXLS	ExlService Holdings	Pair Corr
0.33	AUR	Aurora Innovation	Pair Corr
0.78	IBEX	IBEX	Pair Corr
0.69	FORTY	Formula Systems 1985	Pair Corr
0.48	AUROW	Aurora Innovation	Pair Corr
0.43	BBAI	BigBearai Holdings Aggressive Push	Pair Corr
0.41	CLPS	CLPS Inc	Pair Corr
0.33	PONY	Pony AI American	Pair Corr

Related Correlations Analysis

	LDOS	PSN	ASGN	EXLS	SAIC	CDW	IT	JKHY	WNS	G
LDOS		0.87	0.74	-0.15	0.81	0.35	0.28	-0.01	-0.55	-0.78	LDOS
PSN	0.87		0.9	0.07	0.55	0.62	0.55	-0.34	-0.69	-0.67	PSN
ASGN	0.74	0.9		0.31	0.33	0.81	0.78	-0.24	-0.51	-0.53	ASGN
EXLS	-0.15	0.07	0.31		-0.45	0.71	0.72	-0.1	0.24	0.57	EXLS
SAIC	0.81	0.55	0.33	-0.45		-0.12	-0.22	0.22	-0.31	-0.75	SAIC
CDW	0.35	0.62	0.81	0.71	-0.12		0.93	-0.36	-0.27	-0.02	CDW
IT	0.28	0.55	0.78	0.72	-0.22	0.93		-0.25	-0.33	0.05	IT
JKHY	-0.01	-0.34	-0.24	-0.1	0.22	-0.36	-0.25		0.32	0.07	JKHY
WNS	-0.55	-0.69	-0.51	0.24	-0.31	-0.27	-0.33	0.32		0.51	WNS
G	-0.78	-0.67	-0.53	0.57	-0.75	-0.02	0.05	0.07	0.51		G
	LDOS	PSN	ASGN	EXLS	SAIC	CDW	IT	JKHY	WNS	G

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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

IT	+ 0.93	CDW
ASGN	+ 0.9	PSN
PSN	+ 0.87	LDOS
SAIC	+ 0.81	LDOS
CDW	+ 0.81	ASGN
IT	+ 0.78	ASGN

High negative correlations

G	- 0.78	LDOS
G	- 0.75	SAIC
WNS	- 0.69	PSN
G	- 0.67	PSN
WNS	- 0.55	LDOS
G	- 0.53	ASGN

Risk-Adjusted Indicators

There is a big difference between CACI Stock performing well and CACI International 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 CACI International's 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
LDOS	1.48	(0.01)	0.00	(0.10)	0.00	0.00	3.48	(4.53)	11.05
PSN	2.01	(0.48)	0.00	(0.73)	0.00	0.00	3.90	(4.93)	12.91
ASGN	1.77	(0.41)	0.00	(0.57)	0.00	0.00	3.74	(4.79)	9.85
EXLS	1.25	(0.07)	0.00	(0.77)	0.00	0.00	2.09	(3.80)	12.46
SAIC	1.73	0.04	0.04	0.03	2.44	(1.92)	3.59	(4.77)	14.92
CDW	1.59	(0.03)	0.00	(0.10)	0.00	0.00	2.90	(3.26)	11.25
IT	1.36	(0.36)	0.00	(6.80)	0.00	0.00	1.93	(3.03)	8.80
JKHY	1.21	0.03	0.00	(0.03)	0.00	0.00	2.64	(2.34)	11.31
WNS	2.31	0.67	0.31	0.44	1.76	(2.92)	5.63	(3.44)	27.01
G	1.20	0.08	0.09	(2.22)	1.59	(1.18)	2.24	(3.21)	15.00

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