AMDocs Correlations

DOX Stock

USD 66.34 -0.58 -0.87%

Current 90-days correlation between AMDocs and Dropbox is 0.44 (i.e., Very weak diversification).The rolling correlation of AMDocs with major benchmarks helps investors assess how its diversification benefit changes during periods of stress versus calm markets.

Market Correlation Summary - AMDocs

Average diversification

Across the chosen horizon, DOX and DJI show a correlation of 0.15 and fall into the Average diversification bucket. In portfolio terms, the overlap visualization shows how much shared movement remains after both positions are combined.

Build AI portfolio with AMDocs Stock

AMDocs has a market cap of 7.16 B, operating margin of 18.86%, ROE of 16.48%. See Investing Opportunities for portfolio-level analysis. This suggests a position in Amdocs inside the allocation mix. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Ready to invest in AMDocs Stock? Our How to Invest in AMDocs guide walks you through the process.

Moving together with AMDocs Stock

0.91	SOP	Sopra Steria Group	Pair Corr
0.9	IT	Gartner	Pair Corr
0.81	CVB	Computer And Technologies	Pair Corr
0.95	EPAM	EPAM Systems	Pair Corr
0.97	ACN	Accenture plc Earnings Call This Week	Pair Corr
0.94	GIB	CGI Inc	Pair Corr
0.87	IBM	International Business	Pair Corr
0.89	UIS	Unisys	Pair Corr
0.83	WIT	Wipro Limited ADR	Pair Corr
0.68	HPAI	Helport AI Limited	Pair Corr
0.86	ALITL	IT Link	Pair Corr
0.93	INFY	Infosys Ltd ADR	Pair Corr
0.73	CCR	Credit Clear	Pair Corr
0.85	NRO	Neurones	Pair Corr
0.91	ATE	Alten SA	Pair Corr
0.8	LDOS	Leidos Holdings	Pair Corr
0.78	DTL	Data 3	Pair Corr
0.93	WAVE	Wavestone SA	Pair Corr
0.91	ZZG	INFORMATION SVC GRP	Pair Corr
0.94	MGK	Magic Software	Pair Corr
0.91	SAIC	Science Applications	Pair Corr
0.9	ATO	Atos SE	Pair Corr
0.96	CTSH	Cognizant Technology	Pair Corr
0.68	20Y	Data3 Limited	Pair Corr
0.94	DAVA	Endava	Pair Corr
0.95	AUB	Aubay Socit Anonyme Earnings Call This Week	Pair Corr

Moving against AMDocs Stock

0.56	REM	Remsense Technologies	Pair Corr
0.5	ORKT	Orangekloud Technology	Pair Corr
0.5	SPOT	Goldspot Discoveries Corp	Pair Corr
0.88	ELKEF	Elkem ASA	Pair Corr
0.68	CLPS	CLPS Inc	Pair Corr
0.58	OSCUF	Japan Exchange Group	Pair Corr
0.55	JRFIF	Japan Metropolitan	Pair Corr
0.51	HYMTF	Hyundai Motor	Pair Corr
0.5	BNAI	Brand Engagement Network	Pair Corr
0.47	NHNCF	NAVER Corp	Pair Corr
0.39	CGJTF	Cargojet	Pair Corr

Related Correlations Analysis

	DBX	AKAM	OTEX	NICE	EPAM	IDCC	CFLT	APPF	WIX	PAYC
DBX		-0.68	0.89	0.02	0.59	-0.42	-0.79	0.88	0.93	0.91	DBX
AKAM	-0.68		-0.8	0.11	-0.69	0.55	0.8	-0.77	-0.65	-0.78	AKAM
OTEX	0.89	-0.8		-0.14	0.76	-0.57	-0.83	0.95	0.83	0.96	OTEX
NICE	0.02	0.11	-0.14		-0.34	0.03	0.41	-0.11	0.06	-0.08	NICE
EPAM	0.59	-0.69	0.76	-0.34		-0.74	-0.66	0.84	0.63	0.77	EPAM
IDCC	-0.42	0.55	-0.57	0.03	-0.74		0.4	-0.64	-0.46	-0.56	IDCC
CFLT	-0.79	0.8	-0.83	0.41	-0.66	0.4		-0.81	-0.76	-0.81	CFLT
APPF	0.88	-0.77	0.95	-0.11	0.84	-0.64	-0.81		0.87	0.96	APPF
WIX	0.93	-0.65	0.83	0.06	0.63	-0.46	-0.76	0.87		0.88	WIX
PAYC	0.91	-0.78	0.96	-0.08	0.77	-0.56	-0.81	0.96	0.88		PAYC
	DBX	AKAM	OTEX	NICE	EPAM	IDCC	CFLT	APPF	WIX	PAYC

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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

PAYC	+ 0.96	OTEX
PAYC	+ 0.96	APPF
APPF	+ 0.95	OTEX
WIX	+ 0.93	DBX
PAYC	+ 0.91	DBX
OTEX	+ 0.89	DBX

High negative correlations

CFLT	- 0.83	OTEX
PAYC	- 0.81	CFLT
APPF	- 0.81	CFLT
OTEX	- 0.8	AKAM
CFLT	- 0.79	DBX
PAYC	- 0.78	AKAM

Risk-Adjusted Indicators

There is a big difference between AMDocs Stock performing well and AMDocs 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 AMDocs' 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
DBX	1.25	-0.16	0.00	-0.76	0.00	0.00	2.53	-2.67	9.20
AKAM	2.09	0.40	0.14	1.74	2.91	-2.42	4.66	-2.99	24.42
OTEX	1.83	-0.47	0.00	-0.38	0.00	0.00	2.79	-4.20	16.88
NICE	1.82	0.21	0.10	0.30	2.12	-2.01	4.33	-2.84	16.08
EPAM	2.49	-0.45	0.00	-0.29	0.00	0.00	4.44	-7.11	22.71
IDCC	2.04	0.07	0.03	0.06	2.51	-2.45	5.09	-3.67	16.69
CFLT	0.17	0.03	0.39	0.38	0.00	-0.21	0.47	-0.30	1.19
APPF	1.97	-0.38	0.00	-0.41	0.00	0.00	3.16	-5.17	11.47
WIX	2.76	-0.12	0.00	-0.28	0.00	0.00	6.04	-4.83	16.00
PAYC	1.92	-0.36	0.00	-0.99	0.00	0.00	4.29	-4.59	9.61

AMDocs Corporate Management

Darcy Antonellis	Head Media	Profile
Oren Marmur	Head Network	Profile
Gary Miles	Chief Officer	Profile
Matthew Smith	Corporate Secretary	Profile
Shimie Hortig	Group Group	Profile

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