Science Applications Correlations

SAIC Stock

USD 112.53 1.17 1.05%

The current 90-days correlation between Science Applications and CACI International is 0.86 (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

Average diversification

The correlation between Science Applications Internati and DJI is 0.12 (i.e., Average 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.

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

0.61	PSN	Parsons Corp	Pair Corr
0.88	LDOS	Leidos Holdings	Pair Corr

Moving against Science Stock

0.8	FI	Fiserv,	Pair Corr
0.77	VNET	VNET Group DRC	Pair Corr
0.71	IBM	International Business	Pair Corr
0.41	JZ	Jianzhi Education	Pair Corr
0.4	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.4	EXLS	ExlService Holdings	Pair Corr
0.33	AUR	Aurora Innovation	Pair Corr
0.63	IBEX	IBEX	Pair Corr
0.61	NYAX	Nayax	Pair Corr
0.59	WRD	WeRide American Depo	Pair Corr
0.49	VEEAW	Veea Inc Symbol Change	Pair Corr
0.41	AUROW	Aurora Innovation	Pair Corr

Related Correlations Analysis

	CACI	CDW	IT	JKHY	LDOS	EXLS	PSN	CLVT	ASGN	PRFT
CACI		0.14	0.17	0.09	0.98	-0.34	0.73	0.42	0.6	0.0	CACI
CDW	0.14		0.9	-0.52	0.29	0.75	0.52	0.79	0.7	0.0	CDW
IT	0.17	0.9		-0.36	0.32	0.62	0.52	0.76	0.71	0.0	IT
JKHY	0.09	-0.52	-0.36		0.0	-0.37	-0.36	-0.4	-0.27	0.0	JKHY
LDOS	0.98	0.29	0.32	0.0		-0.2	0.78	0.51	0.67	0.0	LDOS
EXLS	-0.34	0.75	0.62	-0.37	-0.2		0.05	0.43	0.29	0.0	EXLS
PSN	0.73	0.52	0.52	-0.36	0.78	0.05		0.83	0.9	0.0	PSN
CLVT	0.42	0.79	0.76	-0.4	0.51	0.43	0.83		0.94	0.0	CLVT
ASGN	0.6	0.7	0.71	-0.27	0.67	0.29	0.9	0.94		0.0	ASGN
PRFT	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		PRFT
	CACI	CDW	IT	JKHY	LDOS	EXLS	PSN	CLVT	ASGN	PRFT

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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
ASGN	+ 0.94	CLVT
IT	+ 0.9	CDW
ASGN	+ 0.9	PSN
CLVT	+ 0.83	PSN
CLVT	+ 0.79	CDW

High negative correlations

JKHY	- 0.52	CDW
CLVT	- 0.4	JKHY
EXLS	- 0.37	JKHY
PSN	- 0.36	JKHY
JKHY	- 0.36	IT
EXLS	- 0.34	CACI

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
CACI	1.82	(0.07)	0.00	(0.22)	0.00	0.00	3.69	(4.45)	13.03
CDW	1.31	(0.05)	0.00	(0.11)	0.00	0.00	2.86	(3.09)	7.33
IT	1.14	(0.19)	0.00	(0.24)	0.00	0.00	1.90	(2.49)	8.80
JKHY	1.02	0.05	0.06	0.20	1.65	(1.05)	2.54	(2.01)	11.31
LDOS	1.29	(0.08)	0.00	(0.24)	0.00	0.00	2.69	(3.62)	11.05
EXLS	1.07	0.13	0.08	0.06	1.42	(1.08)	2.09	(2.31)	10.29
PSN	1.89	(0.66)	0.00	(1.04)	0.00	0.00	2.54	(4.93)	13.43
CLVT	1.76	(0.34)	0.00	(0.54)	0.00	0.00	2.91	(4.06)	11.31
ASGN	1.62	(0.40)	0.00	(0.54)	0.00	0.00	2.64	(4.79)	9.85
PRFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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