DXC Technology Correlations

DXC Stock

USD 20.37 0.21 1.02%

The current 90-days correlation between DXC Technology and CACI International is 0.19 (i.e., Average 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

Very weak diversification

The correlation between DXC Technology Co and DJI is 0.46 (i.e., Very weak 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.

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

0.67

UIS

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Pair Corr

Moving against DXC Stock

0.64	CTM	Castellum	Pair Corr
0.53	VEEA	Veea Inc Symbol Change	Pair Corr
0.45	DMRC	Digimarc	Pair Corr
0.36	GDS	GDS Holdings Trending	Pair Corr
0.46	DTSTW	Data Storage	Pair Corr
0.44	NOTE	FiscalNote Holdings Tech Boost	Pair Corr
0.44	NTRP	NextTrip Symbol Change	Pair Corr
0.36	IBEX	IBEX Tech Boost	Pair Corr
0.34	BBAI	BigBearai Holdings Aggressive Push	Pair Corr

Related Correlations Analysis

	CACI	CDW	JKHY	BR	EXLS	IT	CTSH	LDOS	INFY	FISV
CACI		-0.08	0.19	-0.49	-0.42	0.29	-0.39	0.98	-0.03	0.0	CACI
CDW	-0.08		-0.1	0.59	0.83	0.75	0.5	-0.03	-0.52	0.0	CDW
JKHY	0.19	-0.1		-0.11	-0.2	-0.04	-0.14	0.22	0.36	0.0	JKHY
BR	-0.49	0.59	-0.11		0.89	0.52	0.79	-0.39	-0.23	0.0	BR
EXLS	-0.42	0.83	-0.2	0.89		0.63	0.79	-0.33	-0.44	0.0	EXLS
IT	0.29	0.75	-0.04	0.52	0.63		0.48	0.38	-0.48	0.0	IT
CTSH	-0.39	0.5	-0.14	0.79	0.79	0.48		-0.23	-0.19	0.0	CTSH
LDOS	0.98	-0.03	0.22	-0.39	-0.33	0.38	-0.23		-0.01	0.0	LDOS
INFY	-0.03	-0.52	0.36	-0.23	-0.44	-0.48	-0.19	-0.01		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

LDOS	+ 0.98	CACI
EXLS	+ 0.89	BR
EXLS	+ 0.83	CDW
CTSH	+ 0.79	BR
CTSH	+ 0.79	EXLS
IT	+ 0.75	CDW

High negative correlations

INFY	- 0.52	CDW
BR	- 0.49	CACI
INFY	- 0.48	IT
INFY	- 0.44	EXLS
EXLS	- 0.42	CACI
LDOS	- 0.39	BR

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	1.94	(0.76)	0.00	(2.20)	0.00	0.00	3.44	(4.84)	13.87
CDW	1.23	(0.07)	0.00	(0.10)	0.00	0.00	2.67	(2.98)	7.33
JKHY	0.70	(0.12)	0.00	(0.40)	0.00	0.00	1.23	(1.55)	3.76
BR	0.72	0.10	0.09	0.18	1.02	(0.72)	1.38	(1.00)	4.90
EXLS	0.97	0.16	0.15	0.20	0.89	(1.13)	2.56	(1.60)	6.78
IT	0.80	(0.10)	0.00	(0.17)	0.00	0.00	1.76	(1.60)	4.48
CTSH	0.89	0.19	0.13	0.36	1.30	(0.93)	1.70	(1.89)	6.00
LDOS	1.58	(0.59)	0.00	(1.15)	0.00	0.00	2.44	(4.53)	15.10
INFY	1.00	(0.01)	0.00	(0.03)	0.00	0.00	2.17	(2.08)	9.55
FISV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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