DXC Technology Correlations

DXC Stock

USD 22.38 0.15 0.67%

The current 90-days correlation between DXC Technology and Innodata is -0.1 (i.e., Good diversification). The correlation of DXC Technology 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.

DXC Technology Correlation With Market

Weak diversification

The correlation between DXC Technology Co and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding DXC Technology Co 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 DXC Technology Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with DXC Stock

0.64	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.73	EPAM	EPAM Systems	Pair Corr
0.68	III	Information Services	Pair Corr
0.61	VYX	NCR Voyix	Pair Corr
0.63	GDYN	Grid Dynamics Holdings	Pair Corr
0.7	HCKT	Hackett Group	Pair Corr

Moving against DXC Stock

0.47	NABL	N Able Inc	Pair Corr
0.35	NOTE	FiscalNote Holdings	Pair Corr
0.33	NEOM	NeoMedia Technologies	Pair Corr

Related Correlations Analysis

	INOD	IBM	AUR	BBAI	GDYN	CLPS	ARBB	JFU	CTLP
INOD		0.01	0.35	0.8	0.87	-0.53	0.69	-0.47	0.56	INOD
IBM	0.01		0.59	0.29	0.17	0.37	-0.2	0.23	0.47	IBM
AUR	0.35	0.59		0.53	0.48	0.37	0.32	-0.11	0.73	AUR
BBAI	0.8	0.29	0.53		0.78	-0.33	0.47	-0.47	0.59	BBAI
GDYN	0.87	0.17	0.48	0.78		-0.41	0.79	-0.37	0.76	GDYN
CLPS	-0.53	0.37	0.37	-0.33	-0.41		-0.38	0.4	0.09	CLPS
ARBB	0.69	-0.2	0.32	0.47	0.79	-0.38		-0.4	0.59	ARBB
JFU	-0.47	0.23	-0.11	-0.47	-0.37	0.4	-0.4		-0.12	JFU
CTLP	0.56	0.47	0.73	0.59	0.76	0.09	0.59	-0.12		CTLP
	INOD	IBM	AUR	BBAI	GDYN	CLPS	ARBB	JFU	CTLP

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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

GDYN	+ 0.87	INOD
BBAI	+ 0.8	INOD
ARBB	+ 0.79	GDYN
GDYN	+ 0.78	BBAI
CTLP	+ 0.76	GDYN
CTLP	+ 0.73	AUR

High negative correlations

CLPS	- 0.53	INOD
JFU	- 0.47	BBAI
JFU	- 0.47	INOD
CLPS	- 0.41	GDYN
JFU	- 0.4	ARBB
ARBB	- 0.38	CLPS

Risk-Adjusted Indicators

There is a big difference between DXC Stock performing well and DXC Technology 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 DXC Technology'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
INOD	5.00	1.03	0.25	0.41	4.24	(5.95)	9.36	(7.93)	90.24
IBM	0.99	0.11	0.06	0.24	1.28	(0.99)	2.22	(1.70)	8.66
AUR	4.86	0.51	0.13	0.28	5.24	(5.88)	11.73	(7.25)	45.46
BBAI	4.30	0.32	0.08	0.31	4.49	(5.26)	11.36	(7.85)	28.29
GDYN	2.13	0.36	0.17	0.33	2.20	(2.42)	5.35	(4.27)	14.75
CLPS	2.85	0.26	0.02	(0.25)	3.33	(3.67)	8.59	(6.03)	24.69
ARBB	8.49	0.92	0.10	0.40	8.79	(12.52)	12.00	(14.55)	124.90
JFU	6.51	(0.06)	0.01	0.09	7.69	(8.46)	12.73	(12.15)	99.77
CTLP	1.91	0.29	0.15	0.34	1.90	(2.42)	4.66	(2.93)	16.91

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