Fiserv, Correlations

FI Stock

USD 218.16 3.55 1.65%

The current 90-days correlation between Fiserv, and Udemy Inc is 0.1 (i.e., Average 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

Very weak diversification

The correlation between Fiserv, 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 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

0.61	KD	Kyndryl Holdings	Pair Corr
0.85	VNET	VNET Group DRC Earnings Call Next Week	Pair Corr
0.85	IBM	International Business	Pair Corr
0.66	WRD	WeRide American Depo	Pair Corr
0.85	IBEX	IBEX	Pair Corr

Moving against Fiserv, Stock

0.75	PSN	Parsons Corp	Pair Corr
0.65	VEEA	Veea Inc Symbol Change	Pair Corr
0.62	FIS	Fidelity National	Pair Corr
0.56	GLE	Global Engine Group	Pair Corr
0.53	DTST	Data Storage Corp	Pair Corr
0.5	DMRC	Digimarc	Pair Corr
0.78	LDOS	Leidos Holdings	Pair Corr
0.62	VEEAW	Veea Inc Symbol Change	Pair Corr
0.56	VYX	NCR Voyix	Pair Corr
0.54	SLNHP	Soluna Holdings Preferred	Pair Corr
0.53	WYY	Widepoint C	Pair Corr
0.47	INFY	Infosys Ltd ADR	Pair Corr
0.39	UIS	Unisys	Pair Corr
0.36	GLOB	Globant SA	Pair Corr

Related Correlations Analysis

	UDMY	EEIQ	ATGE	AFYA	TBEV	SCHL	FIZZ	GHC
UDMY		-0.49	0.03	0.46	0.0	0.14	-0.31	0.43	UDMY
EEIQ	-0.49		-0.14	-0.53	0.0	0.16	0.52	-0.44	EEIQ
ATGE	0.03	-0.14		0.56	0.0	-0.63	-0.79	0.6	ATGE
AFYA	0.46	-0.53	0.56		0.0	-0.22	-0.66	0.78	AFYA
TBEV	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TBEV
SCHL	0.14	0.16	-0.63	-0.22	0.0		0.74	0.03	SCHL
FIZZ	-0.31	0.52	-0.79	-0.66	0.0	0.74		-0.48	FIZZ
GHC	0.43	-0.44	0.6	0.78	0.0	0.03	-0.48		GHC
	UDMY	EEIQ	ATGE	AFYA	TBEV	SCHL	FIZZ	GHC

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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

GHC	+ 0.78	AFYA
FIZZ	+ 0.74	SCHL
GHC	+ 0.6	ATGE
AFYA	+ 0.56	ATGE
FIZZ	+ 0.52	EEIQ
AFYA	+ 0.46	UDMY

High negative correlations

FIZZ	- 0.79	ATGE
FIZZ	- 0.66	AFYA
SCHL	- 0.63	ATGE
AFYA	- 0.53	EEIQ
EEIQ	- 0.49	UDMY
GHC	- 0.48	FIZZ

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
UDMY	2.21	0.08	0.04	0.10	3.19	(2.40)	3.55	(4.73)	40.34
EEIQ	2.92	(0.36)	0.00	(0.55)	0.00	0.00	4.95	(6.98)	26.36
ATGE	1.85	0.25	0.08	0.10	2.53	(1.77)	4.03	(3.60)	11.82
AFYA	1.69	0.33	0.13	0.15	1.99	(1.78)	3.35	(3.64)	11.27
TBEV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SCHL	2.50	(0.34)	0.00	(0.76)	0.00	0.00	4.93	(4.23)	21.03
FIZZ	1.14	(0.24)	0.00	0.96	0.00	0.00	2.24	(2.23)	8.29
GHC	1.26	0.11	0.06	(0.01)	1.60	(1.30)	2.70	(2.54)	6.04

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