Teradata Corp Correlations

TDC Stock

USD 22.87 0.48 2.06%

The current 90-days correlation between Teradata Corp and EverCommerce is 0.28 (i.e., Modest diversification). The correlation of Teradata 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.

Teradata Corp Correlation With Market

Weak diversification

The correlation between Teradata Corp and DJI is 0.37 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teradata Corp 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 Teradata 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 information on how to trade Teradata Stock refer to our How to Trade Teradata Stock guide.

Moving together with Teradata Stock

0.7	S	SentinelOne	Pair Corr
0.68	NN	Nextnav Acquisition Corp	Pair Corr
0.77	VRNS	Varonis Systems	Pair Corr
0.78	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.64	EVCM	EverCommerce	Pair Corr
0.7	FIVN	Five9 Inc	Pair Corr
0.82	FLYW	Flywire Corp	Pair Corr
0.62	FOUR	Shift4 Payments	Pair Corr
0.71	DBX	Dropbox	Pair Corr
0.71	GCT	GigaCloud Technology	Pair Corr

Moving against Teradata Stock

0.91	VRSN	VeriSign	Pair Corr
0.64	DOX	Amdocs	Pair Corr
0.59	JG	Aurora Mobile	Pair Corr
0.58	EVTC	Evertec	Pair Corr
0.54	BB	BlackBerry Aggressive Push	Pair Corr
0.4	MQ	Marqeta Tech Boost	Pair Corr
0.35	GB	Global Blue Group	Pair Corr
0.91	SWI	SolarWinds Corp	Pair Corr
0.87	GRRR	Gorilla Technology	Pair Corr
0.76	TCX	Tucows Inc	Pair Corr
0.64	XBP	XBP Europe Holdings Tech Boost	Pair Corr
0.59	PGY	Pagaya Technologies Tech Boost	Pair Corr
0.54	HCP	Hashicorp	Pair Corr
0.48	VHC	VirnetX Holding Corp	Pair Corr
0.48	HPAI	Helport AI Limited	Pair Corr
0.45	FTNT	Fortinet	Pair Corr
0.34	NET	Cloudflare	Pair Corr

Related Correlations Analysis

	EVCM	IIIV	GB	ESMT	EVTC	FLT	GDDY	STER	RPAY	SPSC
EVCM		-0.1	-0.66	0.0	-0.19	0.0	0.6	0.0	0.81	0.66	EVCM
IIIV	-0.1		-0.09	0.0	-0.16	0.0	-0.12	0.0	-0.02	-0.38	IIIV
GB	-0.66	-0.09		0.0	0.05	0.0	-0.46	0.0	-0.48	-0.32	GB
ESMT	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	ESMT
EVTC	-0.19	-0.16	0.05	0.0		0.0	-0.59	0.0	-0.55	-0.6	EVTC
FLT	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FLT
GDDY	0.6	-0.12	-0.46	0.0	-0.59	0.0		0.0	0.74	0.88	GDDY
STER	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	STER
RPAY	0.81	-0.02	-0.48	0.0	-0.55	0.0	0.74	0.0		0.82	RPAY
SPSC	0.66	-0.38	-0.32	0.0	-0.6	0.0	0.88	0.0	0.82		SPSC
	EVCM	IIIV	GB	ESMT	EVTC	FLT	GDDY	STER	RPAY	SPSC

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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

SPSC	+ 0.88	GDDY
SPSC	+ 0.82	RPAY
RPAY	+ 0.81	EVCM
RPAY	+ 0.74	GDDY
SPSC	+ 0.66	EVCM
GDDY	+ 0.6	EVCM

High negative correlations

GB	- 0.66	EVCM
SPSC	- 0.6	EVTC
GDDY	- 0.59	EVTC
RPAY	- 0.55	EVTC
RPAY	- 0.48	GB
GDDY	- 0.46	GB

Risk-Adjusted Indicators

There is a big difference between Teradata Stock performing well and Teradata 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 Teradata 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
EVCM	1.58	(0.18)	0.00	(0.22)	0.00	0.00	3.22	(3.52)	10.24
IIIV	1.61	0.15	0.08	0.10	1.81	(1.75)	3.09	(2.81)	13.80
GB	1.79	0.32	0.17	3.36	1.72	(2.20)	3.86	(3.54)	18.44
ESMT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EVTC	1.26	0.11	0.10	0.13	1.37	(1.57)	2.06	(1.85)	18.49
FLT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GDDY	1.32	(0.12)	0.00	(0.20)	0.00	0.00	2.33	(2.50)	18.88
STER	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RPAY	1.48	(0.40)	0.00	(0.38)	0.00	0.00	2.12	(3.33)	16.24
SPSC	1.57	(0.57)	0.00	(0.91)	0.00	0.00	2.35	(3.40)	17.08

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