Fiserv, Correlations

FI Stock

USD 210.70 1.83 0.88%

The current 90-days correlation between Fiserv, and ExlService Holdings is 0.37 (i.e., Weak diversification). The correlation of Fiserv, 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.

Fiserv, Correlation With Market

Poor diversification

The correlation between Fiserv, and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fiserv, and DJI in the same portfolio, assuming nothing else is changed.

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

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

Moving together with Fiserv, Stock

0.7	BR	Broadridge Financial	Pair Corr
0.84	IT	Gartner	Pair Corr
0.61	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.81	DMRC	Digimarc Earnings Call This Week	Pair Corr
0.69	VNET	VNET Group DRC Earnings Call This Week	Pair Corr
0.85	WEBB	Web Global Holdings	Pair Corr
0.93	EXLS	ExlService Holdings	Pair Corr
0.79	ACN	Accenture plc	Pair Corr
0.82	AUR	Aurora Innovation	Pair Corr
0.91	FIS	Fidelity National	Pair Corr
0.84	GDS	GDS Holdings	Pair Corr
0.61	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.91	PSN	Parsons Corp	Pair Corr
0.82	UIS	Unisys	Pair Corr
0.8	WIT	Wipro Limited ADR	Pair Corr
0.93	GDYN	Grid Dynamics Holdings	Pair Corr
0.85	GLOB	Globant SA	Pair Corr
0.87	JKHY	Jack Henry Associates	Pair Corr
0.93	LDOS	Leidos Holdings	Pair Corr
0.88	AUROW	Aurora Innovation	Pair Corr

Moving against Fiserv, Stock

0.96	GMM	Global Mofy Metaverse	Pair Corr
0.56	DTST	Data Storage Corp Earnings Call Tomorrow	Pair Corr
0.81	WNS	WNS Holdings	Pair Corr
0.34	III	Information Services	Pair Corr
0.83	NOTE	FiscalNote Holdings Earnings Call Tomorrow	Pair Corr
0.8	NTRP	NextTrip Earnings Call Today	Pair Corr

Related Correlations Analysis

	EXLS	ASGN	WNS	IT	HCKT	G	PSN	CACI	NABL
EXLS		0.62	-0.68	0.8	0.48	0.59	0.91	0.93	-0.62	EXLS
ASGN	0.62		-0.3	0.63	0.54	0.61	0.57	0.54	-0.25	ASGN
WNS	-0.68	-0.3		-0.75	0.13	-0.09	-0.87	-0.8	0.34	WNS
IT	0.8	0.63	-0.75		0.37	0.52	0.88	0.79	-0.46	IT
HCKT	0.48	0.54	0.13	0.37		0.63	0.25	0.24	-0.22	HCKT
G	0.59	0.61	-0.09	0.52	0.63		0.46	0.41	-0.66	G
PSN	0.91	0.57	-0.87	0.88	0.25	0.46		0.92	-0.49	PSN
CACI	0.93	0.54	-0.8	0.79	0.24	0.41	0.92		-0.55	CACI
NABL	-0.62	-0.25	0.34	-0.46	-0.22	-0.66	-0.49	-0.55		NABL
	EXLS	ASGN	WNS	IT	HCKT	G	PSN	CACI	NABL

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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

CACI	+ 0.93	EXLS
CACI	+ 0.92	PSN
PSN	+ 0.91	EXLS
PSN	+ 0.88	IT
IT	+ 0.8	EXLS
CACI	+ 0.79	IT

High negative correlations

PSN	- 0.87	WNS
CACI	- 0.8	WNS
IT	- 0.75	WNS
WNS	- 0.68	EXLS
NABL	- 0.66	G
NABL	- 0.62	EXLS

Risk-Adjusted Indicators

There is a big difference between Fiserv, Stock performing well and Fiserv, 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 Fiserv,'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
EXLS	1.01	0.28	0.35	0.42	0.08	(1.30)	2.48	(1.25)	6.79
ASGN	1.40	(0.13)	0.00	0.09	1.36	(1.71)	3.32	(2.47)	10.48
WNS	1.58	(0.18)	0.00	(0.04)	0.00	0.00	2.95	(2.52)	13.98
IT	0.78	0.03	0.04	0.19	0.77	(0.83)	1.37	(1.43)	4.87
HCKT	1.33	0.04	0.15	0.18	0.81	(1.77)	2.61	(1.66)	19.06
G	1.23	0.42	0.35	0.66	0.43	(1.46)	3.29	(1.62)	18.37
PSN	0.86	0.23	0.15	0.58	0.61	(0.99)	2.19	(1.76)	7.32
CACI	0.79	0.24	0.15	0.69	0.53	(0.87)	2.11	(1.64)	7.20
NABL	1.08	(0.41)	0.00	(0.39)	0.00	0.00	1.77	(2.83)	9.09

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