DXC Technology Correlations

DXC Stock

USD 14.31 0.16 1.13%

The current 90-days correlation between DXC Technology and Gartner is 0.32 (i.e., Weak 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

Poor diversification

The correlation between DXC Technology Co and DJI is 0.68 (i.e., Poor 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.

Build AI portfolio with DXC Stock

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 national income and product accounts.

Moving together with DXC Stock

0.83	FI	Fiserv,	Pair Corr
0.8	IT	Gartner	Pair Corr
0.73	KD	Kyndryl Holdings	Pair Corr
0.62	VEEA	Veea Inc Symbol Change	Pair Corr
0.83	EPAM	EPAM Systems	Pair Corr
0.85	ACN	Accenture plc	Pair Corr
0.67	FIS	Fidelity National	Pair Corr
0.87	GIB	CGI Inc	Pair Corr
0.66	IBM	International Business	Pair Corr
0.77	UIS	Unisys	Pair Corr
0.8	WIT	Wipro Limited ADR	Pair Corr
0.83	GDYN	Grid Dynamics Holdings	Pair Corr
0.66	XRX	Xerox Corp	Pair Corr
0.75	GLOB	Globant SA	Pair Corr
0.79	HCKT	Hackett Group	Pair Corr
0.89	INFY	Infosys Ltd ADR	Pair Corr
0.79	JKHY	Jack Henry Associates	Pair Corr
0.71	LZMH	LZ Technology Holdings	Pair Corr

Moving against DXC Stock

0.68	DTST	Data Storage Corp	Pair Corr
0.63	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.63	GDS	GDS Holdings	Pair Corr
0.61	VNET	VNET Group DRC Sell-off Trend	Pair Corr
0.58	PSN	Parsons Corp	Pair Corr
0.52	JFU	9F Inc Tech Boost	Pair Corr
0.51	AUR	Aurora Innovation	Pair Corr
0.36	VYX	NCR Voyix	Pair Corr
0.76	DAICW	CID HoldCo, Warrants	Pair Corr
0.65	LDOS	Leidos Holdings	Pair Corr
0.64	WNS	WNS Holdings	Pair Corr
0.53	MGIC	Magic Software Enter	Pair Corr

Related Correlations Analysis

	IT	CDW	CTSH	FIS	LDOS	HPE	KEYS	FTV	TPR
IT		0.82	0.93	0.89	-0.93	-0.73	-0.3	0.91	-0.74	IT
CDW	0.82		0.77	0.85	-0.63	-0.34	0.09	0.75	-0.38	CDW
CTSH	0.93	0.77		0.78	-0.81	-0.63	-0.22	0.94	-0.78	CTSH
FIS	0.89	0.85	0.78		-0.8	-0.5	0.0	0.78	-0.41	FIS
LDOS	-0.93	-0.63	-0.81	-0.8		0.88	0.45	-0.82	0.73	LDOS
HPE	-0.73	-0.34	-0.63	-0.5	0.88		0.62	-0.66	0.77	HPE
KEYS	-0.3	0.09	-0.22	0.0	0.45	0.62		-0.16	0.5	KEYS
FTV	0.91	0.75	0.94	0.78	-0.82	-0.66	-0.16		-0.79	FTV
TPR	-0.74	-0.38	-0.78	-0.41	0.73	0.77	0.5	-0.79		TPR
	IT	CDW	CTSH	FIS	LDOS	HPE	KEYS	FTV	TPR

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

FTV	+ 0.94	CTSH
CTSH	+ 0.93	IT
FTV	+ 0.91	IT
FIS	+ 0.89	IT
HPE	+ 0.88	LDOS
FIS	+ 0.85	CDW

High negative correlations

LDOS	- 0.93	IT
FTV	- 0.82	LDOS
LDOS	- 0.81	CTSH
LDOS	- 0.8	FIS
TPR	- 0.79	FTV
TPR	- 0.78	CTSH

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
IT	1.73	(1.04)	0.00	(0.43)	0.00	0.00	1.65	(3.45)	30.04
CDW	1.24	(0.34)	0.00	(0.09)	0.00	0.00	2.43	(3.09)	7.51
CTSH	1.05	(0.28)	0.00	(0.11)	0.00	0.00	1.82	(2.40)	7.12
FIS	1.17	(0.34)	0.00	(0.12)	0.00	0.00	2.02	(1.96)	10.76
LDOS	0.93	0.21	0.10	0.48	1.11	(1.02)	2.00	(1.93)	9.38
HPE	1.52	0.22	0.19	0.27	1.18	(1.78)	3.55	(2.13)	15.33
KEYS	1.11	(0.15)	(0.05)	0.03	1.50	(1.10)	2.30	(2.75)	6.84
FTV	1.13	(0.29)	0.00	(0.09)	0.00	0.00	2.27	(2.49)	6.15
TPR	1.77	0.23	0.09	0.26	3.03	(1.83)	5.24	(2.74)	22.49

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