Unisys Correlations

UIS Stock

USD 4.34 0.13 3.09%

The current 90-days correlation between Unisys and WNS Holdings is 0.24 (i.e., Modest diversification). The correlation of Unisys 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Unisys Correlation With Market

Very weak diversification

The correlation between Unisys and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unisys 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 Unisys. 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 information on how to buy Unisys Stock please use our How to Invest in Unisys guide.

Moving together with Unisys Stock

0.62	IT	Gartner	Pair Corr
0.88	DMRC	Digimarc	Pair Corr
0.84	VEEA	Veea Inc Symbol Change	Pair Corr
0.8	DTST	Data Storage Corp	Pair Corr
0.9	EPAM	EPAM Systems	Pair Corr
0.89	DXC	DXC Technology	Pair Corr
0.8	FIS	Fidelity National	Pair Corr
0.61	GIB	CGI Inc	Pair Corr
0.84	PSN	Parsons Corp	Pair Corr
0.8	VYX	NCR Voyix	Pair Corr
0.77	WIT	Wipro Limited ADR	Pair Corr
0.69	GDYN	Grid Dynamics Holdings	Pair Corr
0.96	GLOB	Globant SA	Pair Corr
0.72	HCKT	Hackett Group	Pair Corr
0.85	INFY	Infosys Ltd ADR	Pair Corr
0.68	LDOS	Leidos Holdings	Pair Corr
0.79	VEEAW	Veea Inc Symbol Change	Pair Corr
0.66	NABL	N Able Inc	Pair Corr
0.89	SLNHP	Soluna Holdings Preferred	Pair Corr

Moving against Unisys Stock

0.69	VNET	VNET Group DRC Earnings Call Next Week	Pair Corr
0.56	IBEX	IBEX	Pair Corr
0.48	JZ	Jianzhi Education	Pair Corr
0.46	IBM	International Business	Pair Corr
0.39	FI	Fiserv,	Pair Corr
0.59	ARBB	ARB IOT Group	Pair Corr
0.48	SAIH	SAIHEAT Limited Symbol Change	Pair Corr
0.38	PONY	Pony AI American	Pair Corr
0.31	FORTY	Formula Systems 1985	Pair Corr

Related Correlations Analysis

	HCKT	WNS	ASGN	TASK	PRFT	CACI	G	CD	TSSI
HCKT		0.02	0.44	0.62	0.0	0.07	0.02	0.0	0.34	HCKT
WNS	0.02		-0.38	-0.37	0.0	-0.64	0.77	0.0	0.34	WNS
ASGN	0.44	-0.38		0.82	0.0	0.81	-0.69	0.0	0.24	ASGN
TASK	0.62	-0.37	0.82		0.0	0.56	-0.54	0.0	0.34	TASK
PRFT	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	PRFT
CACI	0.07	-0.64	0.81	0.56	0.0		-0.81	0.0	-0.1	CACI
G	0.02	0.77	-0.69	-0.54	0.0	-0.81		0.0	0.29	G
CD	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	CD
TSSI	0.34	0.34	0.24	0.34	0.0	-0.1	0.29	0.0		TSSI
	HCKT	WNS	ASGN	TASK	PRFT	CACI	G	CD	TSSI

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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

TASK	+ 0.82	ASGN
CACI	+ 0.81	ASGN
G	+ 0.77	WNS
TASK	+ 0.62	HCKT
CACI	+ 0.56	TASK
ASGN	+ 0.44	HCKT

High negative correlations

G	- 0.81	CACI
G	- 0.69	ASGN
CACI	- 0.64	WNS
G	- 0.54	TASK
ASGN	- 0.38	WNS
TASK	- 0.37	WNS

Risk-Adjusted Indicators

There is a big difference between Unisys Stock performing well and Unisys 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 Unisys' 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
HCKT	0.93	(0.14)	0.00	(0.35)	0.00	0.00	1.35	(2.29)	4.67
WNS	1.82	0.53	0.24	0.27	1.76	(2.09)	4.57	(3.21)	26.44
ASGN	1.56	(0.30)	0.00	(0.47)	0.00	0.00	2.64	(4.67)	9.60
TASK	2.71	0.00	0.00	(0.11)	0.00	0.00	5.47	(6.24)	28.38
PRFT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CACI	1.90	(0.24)	0.00	(0.85)	0.00	0.00	3.54	(4.30)	13.03
G	1.08	0.23	0.23	0.31	1.05	(1.25)	2.24	(2.26)	13.98
CD	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSSI	5.45	0.44	0.04	0.09	7.05	(5.66)	11.90	(10.21)	37.98

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