DXC Technology Correlations

DXC Stock

USD 15.52 0.21 1.34%

The current 90-days correlation between DXC Technology and CACI International is 0.28 (i.e., Modest diversification). The correlation of DXC Technology 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.

DXC Technology Correlation With Market

Poor diversification

The correlation between DXC Technology Co and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DXC Technology Co and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with DXC Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DXC Technology Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with DXC Stock

0.96	IT	Gartner Earnings Call Shortly	Pair Corr
0.9	KD	Kyndryl Holdings	Pair Corr
0.92	DMRC	Digimarc	Pair Corr
0.88	VEEA	Veea Inc Symbol Change	Pair Corr
0.87	DTST	Data Storage Corp	Pair Corr
0.78	VRRM	Verra Mobility Corp Potential Growth	Pair Corr
0.96	EPAM	EPAM Systems Earnings Call Shortly	Pair Corr
0.96	ACN	Accenture plc	Pair Corr
0.82	GIB	CGI Inc	Pair Corr
0.72	GMM	Global Mofy Metaverse	Pair Corr
0.75	JFU	9F Inc Tech Boost	Pair Corr
0.63	MFH	Mercurity Fintech Holding	Pair Corr
0.62	PSN	Parsons Corp	Pair Corr
0.88	UIS	Unisys Earnings Call Shortly	Pair Corr
0.97	VYX	NCR Voyix Earnings Call Shortly	Pair Corr
0.98	WIT	Wipro Limited ADR	Pair Corr
0.97	GDYN	Grid Dynamics Holdings	Pair Corr
0.72	WYY	Widepoint C Trending	Pair Corr
0.94	GLOB	Globant SA	Pair Corr
0.91	HCKT	Hackett Group Earnings Call Shortly	Pair Corr
0.97	INFY	Infosys Ltd ADR	Pair Corr
0.82	JDZG	JIADE LIMITED Common	Pair Corr
0.76	VEEAW	Veea Inc Symbol Change	Pair Corr
0.88	NABL	N Able Inc	Pair Corr

Moving against DXC Stock

0.44	GLE	Global Engine Group	Pair Corr
0.62	ARBB	ARB IOT Group	Pair Corr
0.61	SAIC	Science Applications	Pair Corr
0.51	CACI	CACI International	Pair Corr
0.36	MGIC	Magic Software Enter	Pair Corr

Related Correlations Analysis

	CACI	CDW	JKHY	BR	EXLS	IT	CTSH	LDOS	INFY	FISV
CACI		-0.49	0.02	-0.07	-0.48	-0.49	-0.72	0.89	-0.57	0.0	CACI
CDW	-0.49		-0.14	0.41	0.93	0.96	0.86	-0.13	0.97	0.0	CDW
JKHY	0.02	-0.14		0.29	-0.06	-0.07	0.03	0.11	-0.08	0.0	JKHY
BR	-0.07	0.41	0.29		0.6	0.38	0.43	0.19	0.42	0.0	BR
EXLS	-0.48	0.93	-0.06	0.6		0.89	0.86	-0.1	0.92	0.0	EXLS
IT	-0.49	0.96	-0.07	0.38	0.89		0.88	-0.14	0.97	0.0	IT
CTSH	-0.72	0.86	0.03	0.43	0.86	0.88		-0.42	0.91	0.0	CTSH
LDOS	0.89	-0.13	0.11	0.19	-0.1	-0.14	-0.42		-0.21	0.0	LDOS
INFY	-0.57	0.97	-0.08	0.42	0.92	0.97	0.91	-0.21		0.0	INFY
FISV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FISV
	CACI	CDW	JKHY	BR	EXLS	IT	CTSH	LDOS	INFY	FISV

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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

INFY	+ 0.97	CDW
INFY	+ 0.97	IT
IT	+ 0.96	CDW
EXLS	+ 0.93	CDW
INFY	+ 0.92	EXLS
INFY	+ 0.91	CTSH

High negative correlations

CTSH	- 0.72	CACI
INFY	- 0.57	CACI
IT	- 0.49	CACI
CDW	- 0.49	CACI
EXLS	- 0.48	CACI
LDOS	- 0.42	CTSH

Risk-Adjusted Indicators

There is a big difference between DXC Stock performing well and DXC Technology 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 DXC Technology'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
CACI	1.77	0.22	0.13	0.31	2.10	(1.92)	5.77	(4.30)	12.31
CDW	1.74	(0.09)	0.00	(0.22)	0.00	0.00	2.63	(3.92)	17.22
JKHY	1.21	0.06	0.00	(0.04)	0.00	0.00	2.64	(2.34)	11.31
BR	1.12	0.15	0.09	0.03	1.74	(1.12)	2.08	(2.63)	10.23
EXLS	1.45	0.13	0.00	(0.02)	0.00	0.00	2.09	(3.80)	10.97
IT	1.52	(0.21)	0.00	(0.35)	0.00	0.00	2.57	(3.47)	11.06
CTSH	1.39	0.02	0.00	(0.12)	0.00	0.00	1.99	(3.60)	14.31
LDOS	1.29	0.09	0.07	0.00	1.85	(1.34)	2.71	(3.62)	10.47
INFY	1.33	(0.18)	0.00	(0.34)	0.00	0.00	1.78	(2.75)	11.40
FISV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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