DXC Technology Correlations

D1XC34 Stock

BRL 134.40 0.00 0.00%

The current 90-days correlation between DXC Technology and NXP Semiconductors NV is -0.15 (i.e., Good 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

Good diversification

The correlation between DXC Technology and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DXC Technology and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to DXC Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DXC Technology when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DXC Technology - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DXC Technology to buy it.

Moving together with DXC Stock

0.73	ACNB34	Accenture plc	Pair Corr
0.84	IBMB34	International Business	Pair Corr
0.87	I1FO34	Infosys Limited	Pair Corr
0.64	F1IS34	Fiserv Inc	Pair Corr
0.78	A1IV34	Apartment Investment and	Pair Corr
0.68	W1DC34	Western Digital	Pair Corr
0.71	BOAC34	Bank of America	Pair Corr
0.64	MSBR34	Morgan Stanley	Pair Corr
0.69	DEAI34	Delta Air Lines	Pair Corr
0.62	B1PP34	BP plc	Pair Corr

Moving against DXC Stock

0.76

BIIB34

Biogen Inc

Pair Corr

Related Correlations Analysis

	N1XP34	GOAU4	B1RF34	TSMC34	J1BH34	W1MC34	NORD3	MTSA4
N1XP34		-0.02	-0.13	0.18	-0.03	0.34	-0.14	-0.21	N1XP34
GOAU4	-0.02		-0.05	0.13	0.61	0.58	-0.34	-0.36	GOAU4
B1RF34	-0.13	-0.05		0.64	0.44	0.11	-0.53	0.25	B1RF34
TSMC34	0.18	0.13	0.64		0.59	0.61	-0.84	-0.12	TSMC34
J1BH34	-0.03	0.61	0.44	0.59		0.79	-0.76	-0.27	J1BH34
W1MC34	0.34	0.58	0.11	0.61	0.79		-0.77	-0.48	W1MC34
NORD3	-0.14	-0.34	-0.53	-0.84	-0.76	-0.77		0.29	NORD3
MTSA4	-0.21	-0.36	0.25	-0.12	-0.27	-0.48	0.29		MTSA4
	N1XP34	GOAU4	B1RF34	TSMC34	J1BH34	W1MC34	NORD3	MTSA4

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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

W1MC34	+ 0.79	J1BH34
TSMC34	+ 0.64	B1RF34
J1BH34	+ 0.61	GOAU4
W1MC34	+ 0.61	TSMC34
J1BH34	+ 0.59	TSMC34
W1MC34	+ 0.58	GOAU4

High negative correlations

NORD3	- 0.84	TSMC34
NORD3	- 0.77	W1MC34
NORD3	- 0.76	J1BH34
NORD3	- 0.53	B1RF34
MTSA4	- 0.48	W1MC34
MTSA4	- 0.36	GOAU4

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
N1XP34	1.71	0.00	0.00	0.03	2.94	(1.54)	3.99	(4.87)	13.69
GOAU4	1.35	(0.15)	0.00	7.57	0.00	0.00	2.14	(3.72)	14.19
B1RF34	0.01	0.00	0.00	0.23	0.00	0.00	0.00	0.00	0.34
TSMC34	1.99	0.38	0.16	(0.58)	1.94	(2.35)	6.04	(3.99)	15.94
J1BH34	0.01	(0.01)	0.00	3.47	0.00	0.00	0.00	0.00	0.18
W1MC34	0.93	0.17	0.13	(0.90)	1.07	(0.98)	2.39	(1.95)	8.93
NORD3	2.60	(0.67)	0.00	3.42	0.00	0.00	5.60	(9.09)	18.29
MTSA4	1.96	0.08	0.03	(0.25)	2.07	(2.32)	4.38	(3.42)	9.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in DXC Technology without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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