NCR Voyix Correlations

VYX Stock

10.03 0.01 0.1%

The current 90-days correlation between NCR Voyix and Cadence Design Systems is 0.31 (i.e., Weak diversification). The correlation of NCR Voyix 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.

NCR Voyix Correlation With Market

Weak diversification

The correlation between NCR Voyix and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NCR Voyix 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 NCR Voyix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in manufacturing.

For more information on how to buy NCR Stock please use our How to Invest in NCR Voyix guide.

Moving together with NCR Stock

0.8	DMRC	Digimarc	Pair Corr
0.86	VEEA	Veea Inc Symbol Change	Pair Corr
0.78	DTST	Data Storage Corp Earnings Call This Week	Pair Corr
0.64	EPAM	EPAM Systems	Pair Corr
0.75	DXC	DXC Technology Sell-off Trend	Pair Corr
0.8	FIS	Fidelity National	Pair Corr
0.9	PSN	Parsons Corp	Pair Corr
0.8	UIS	Unisys	Pair Corr
0.79	WYY	Widepoint C	Pair Corr
0.83	GLOB	Globant SA	Pair Corr
0.63	HCKT	Hackett Group	Pair Corr
0.94	INFY	Infosys Ltd ADR	Pair Corr
0.71	LDOS	Leidos Holdings	Pair Corr
0.82	VEEAW	Veea Inc Symbol Change	Pair Corr
0.68	NABL	N Able Inc	Pair Corr
0.79	SLNHP	Soluna Holdings Preferred	Pair Corr

Moving against NCR Stock

0.81	VNET	VNET Group DRC Earnings Call This Week	Pair Corr
0.65	IBM	International Business	Pair Corr
0.55	FI	Fiserv,	Pair Corr
0.4	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.34	CTM	Castellum Earnings Call Today	Pair Corr
0.75	IBEX	IBEX	Pair Corr
0.6	ARBB	ARB IOT Group	Pair Corr
0.58	MGIC	Magic Software Enter	Pair Corr

Related Correlations Analysis

	ALK	MESA	CDNS	RXT	AIQUF	MFGCF	WFCF
ALK		0.54	0.3	0.78	-0.21	0.17	0.31	ALK
MESA	0.54		0.68	0.29	-0.7	-0.11	0.76	MESA
CDNS	0.3	0.68		0.29	-0.84	0.21	0.7	CDNS
RXT	0.78	0.29	0.29		-0.04	0.56	0.1	RXT
AIQUF	-0.21	-0.7	-0.84	-0.04		0.04	-0.8	AIQUF
MFGCF	0.17	-0.11	0.21	0.56	0.04		-0.02	MFGCF
WFCF	0.31	0.76	0.7	0.1	-0.8	-0.02		WFCF
	ALK	MESA	CDNS	RXT	AIQUF	MFGCF	WFCF

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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

RXT	+ 0.78	ALK
WFCF	+ 0.76	MESA
WFCF	+ 0.7	CDNS
CDNS	+ 0.68	MESA
MFGCF	+ 0.56	RXT
MESA	+ 0.54	ALK

High negative correlations

AIQUF	- 0.84	CDNS
WFCF	- 0.8	AIQUF
AIQUF	- 0.7	MESA
AIQUF	- 0.21	ALK
MFGCF	- 0.11	MESA
AIQUF	- 0.04	RXT

Risk-Adjusted Indicators

There is a big difference between NCR Stock performing well and NCR Voyix 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 NCR Voyix'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
ALK	2.19	0.18	0.05	0.05	2.91	(2.33)	4.05	(6.18)	21.69
MESA	3.09	0.09	0.00	(0.03)	0.00	0.00	9.48	(7.20)	28.95
CDNS	1.72	(0.19)	0.00	(0.31)	0.00	0.00	2.72	(3.80)	12.93
RXT	2.99	(0.27)	0.00	(3.08)	0.00	0.00	6.20	(8.02)	20.98
AIQUF	1.16	0.23	0.23	(3.94)	1.17	(1.29)	2.81	(2.26)	6.71
MFGCF	2.10	(0.12)	0.00	0.04	0.00	0.00	5.69	(5.47)	17.86
WFCF	1.90	0.02	0.00	(0.06)	0.00	0.00	3.30	(4.76)	17.84

NCR Voyix Corporate Management

James Kelly	Executive Board	Profile
Anthony Radesca	Senior Officer	Profile
Johnson Rajakumar	Executive Officer	Profile
Ismail Amla	Executive Strategy	Profile
Paul Campbell	Chief Atleos	Profile
Jane Elliott	Executive CHRO	Profile

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