CDW Corp Correlations

CDW Stock

USD 170.76 0.13 0.08%

The current 90-days correlation between CDW Corp and Jack Henry Associates is -0.12 (i.e., Good diversification). The correlation of CDW Corp 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. If the correlation is 0, the equities are not correlated; they are entirely random.

CDW Corp Correlation With Market

Very weak diversification

The correlation between CDW Corp and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CDW Corp 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 CDW Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

For more information on how to buy CDW Stock please use our How to Invest in CDW Corp guide.

Moving together with CDW Stock

0.8	UI	Ubiquiti Networks	Pair Corr
0.65	BAERW	Bridger Aerospace	Pair Corr
0.62	FFIV	F5 Networks	Pair Corr
0.86	FLEX	Flex	Pair Corr
0.83	CLS	Celestica	Pair Corr
0.88	GLW	Corning Incorporated	Pair Corr
0.85	JBL	Jabil Circuit	Pair Corr

Moving against CDW Stock

0.46	ERIC	Telefonaktiebolaget	Pair Corr
0.42	EHGO	Eshallgo Class A	Pair Corr

Related Correlations Analysis

	CACI	JKHY	BR	EXLS	INFY	IT	FISV	SAIC	LDOS	PSN
CACI		0.15	-0.51	-0.41	0.52	0.13	0.0	0.96	0.97	0.84	CACI
JKHY	0.15		-0.04	-0.36	-0.2	-0.3	0.0	0.19	0.13	-0.08	JKHY
BR	-0.51	-0.04		0.83	-0.23	0.57	0.0	-0.57	-0.39	-0.48	BR
EXLS	-0.41	-0.36	0.83		-0.14	0.73	0.0	-0.44	-0.31	-0.35	EXLS
INFY	0.52	-0.2	-0.23	-0.14		0.43	0.0	0.52	0.63	0.86	INFY
IT	0.13	-0.3	0.57	0.73	0.43		0.0	0.06	0.26	0.27	IT
FISV	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FISV
SAIC	0.96	0.19	-0.57	-0.44	0.52	0.06	0.0		0.93	0.82	SAIC
LDOS	0.97	0.13	-0.39	-0.31	0.63	0.26	0.0	0.93		0.88	LDOS
PSN	0.84	-0.08	-0.48	-0.35	0.86	0.27	0.0	0.82	0.88		PSN
	CACI	JKHY	BR	EXLS	INFY	IT	FISV	SAIC	LDOS	PSN

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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

LDOS	+ 0.97	CACI
SAIC	+ 0.96	CACI
LDOS	+ 0.93	SAIC
PSN	+ 0.88	LDOS
PSN	+ 0.86	INFY
PSN	+ 0.84	CACI

High negative correlations

SAIC	- 0.57	BR
BR	- 0.51	CACI
PSN	- 0.48	BR
SAIC	- 0.44	EXLS
EXLS	- 0.41	CACI
LDOS	- 0.39	BR

Risk-Adjusted Indicators

There is a big difference between CDW Stock performing well and CDW Corp 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 CDW Corp'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	1.90	(0.12)	0.00	(0.41)	0.00	0.00	3.69	(4.30)	13.03
JKHY	0.97	0.05	0.07	0.13	1.60	(0.98)	2.14	(2.01)	11.31
BR	0.85	0.06	0.06	(0.01)	1.40	(0.77)	1.51	(2.63)	5.12
EXLS	1.09	0.12	0.07	0.02	1.60	(1.05)	2.09	(2.63)	10.29
INFY	1.01	(0.28)	0.00	(0.61)	0.00	0.00	1.78	(2.42)	9.17
IT	1.02	(0.08)	0.00	(0.18)	0.00	0.00	1.90	(2.18)	5.12
FISV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SAIC	1.50	0.00	0.00	(0.10)	0.00	0.00	3.41	(4.16)	13.67
LDOS	1.36	(0.17)	0.00	(0.51)	0.00	0.00	2.69	(4.13)	11.05
PSN	1.71	(0.67)	0.00	(1.35)	0.00	0.00	2.54	(4.93)	13.43

CDW Corp Corporate Management

Steven OBrien	Vice Relations	Profile
Anand Rao	Senior Officer	Profile
Peter Locy	Controller VP	Profile
Beth Coronelli	VP Relations	Profile

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