Science Applications Correlations

SAIC Stock

USD 113.42 0.16 0.14%

The current 90-days correlation between Science Applications and Leidos Holdings is 0.8 (i.e., Very poor diversification). The correlation of Science Applications 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.

Science Applications Correlation With Market

Modest diversification

The correlation between Science Applications Internati and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Science Applications Internati and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Science Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Science Applications 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 gross domestic product.

Moving together with Science Stock

0.65	GDYN	Grid Dynamics Holdings	Pair Corr
0.65	JDZG	JIADE LIMITED Common Tech Boost	Pair Corr

Moving against Science Stock

0.51	IBM	International Business Earnings Call This Week	Pair Corr
0.43	BR	Broadridge Financial	Pair Corr
0.41	CTM	Castellum Buyout Trend	Pair Corr
0.38	VRRM	Verra Mobility Corp	Pair Corr
0.38	III	Information Services	Pair Corr
0.38	VYX	NCR Voyix	Pair Corr
0.37	KD	Kyndryl Holdings	Pair Corr
0.37	FIS	Fidelity National	Pair Corr
0.78	VEEAW	Veea Inc Symbol Change	Pair Corr
0.56	LZMH	LZ Technology Holdings Trending	Pair Corr
0.52	INOD	Innodata	Pair Corr
0.49	NYAX	Nayax	Pair Corr
0.45	CYCUW	Cycurion, Warrant Symbol Change	Pair Corr
0.43	NTRP	NextTrip	Pair Corr
0.38	INFY	Infosys Ltd ADR	Pair Corr
0.37	IBEX	IBEX	Pair Corr
0.36	BNAIW	Brand Engagement Network	Pair Corr
0.33	NABL	N Able Inc	Pair Corr

Related Correlations Analysis

	LDOS	CACI	PSN	ASGN	EXLS	BAH	SNX	GWRE
LDOS		0.93	0.7	-0.45	-0.35	0.15	0.82	0.23	LDOS
CACI	0.93		0.56	-0.42	-0.24	0.3	0.67	0.17	CACI
PSN	0.7	0.56		-0.53	-0.42	-0.35	0.85	0.46	PSN
ASGN	-0.45	-0.42	-0.53		0.31	0.44	-0.66	-0.48	ASGN
EXLS	-0.35	-0.24	-0.42	0.31		0.05	-0.32	0.3	EXLS
BAH	0.15	0.3	-0.35	0.44	0.05		-0.39	-0.61	BAH
SNX	0.82	0.67	0.85	-0.66	-0.32	-0.39		0.58	SNX
GWRE	0.23	0.17	0.46	-0.48	0.3	-0.61	0.58		GWRE
	LDOS	CACI	PSN	ASGN	EXLS	BAH	SNX	GWRE

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	LDOS
SNX	+ 0.85	PSN
SNX	+ 0.82	LDOS
PSN	+ 0.7	LDOS
SNX	+ 0.67	CACI
GWRE	+ 0.58	SNX

High negative correlations

SNX	- 0.66	ASGN
GWRE	- 0.61	BAH
ASGN	- 0.53	PSN
GWRE	- 0.48	ASGN
ASGN	- 0.45	LDOS
EXLS	- 0.42	PSN

Risk-Adjusted Indicators

There is a big difference between Science Stock performing well and Science Applications 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 Science Applications' 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	1.01	0.13	0.05	0.36	1.23	(1.09)	2.18	(2.09)	9.23
CACI	1.33	0.15	0.04	0.50	1.63	(1.43)	2.88	(2.89)	12.26
PSN	1.47	0.14	0.06	0.30	1.72	(1.53)	2.90	(2.85)	9.03
ASGN	1.84	(0.26)	0.00	3.14	0.00	0.00	3.49	(3.88)	13.51
EXLS	1.34	(0.01)	0.00	0.15	0.00	0.00	2.06	(3.79)	14.09
BAH	1.42	(0.10)	(0.04)	0.00	3.68	(1.18)	3.05	(2.76)	20.03
SNX	1.15	0.37	0.35	0.50	0.54	(1.42)	2.73	(1.63)	8.90
GWRE	1.24	0.16	0.07	0.43	1.25	(1.36)	2.70	(2.21)	20.07

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC