CDW Corp Correlations

CDW Stock

USD 134.34 0.73 0.55%

The current 90-days correlation between CDW Corp and CGI Inc is 0.5 (i.e., Very weak diversification). The correlation of CDW Corp 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.

CDW Corp Correlation With Market

Very weak diversification

The correlation between CDW Corp and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CDW Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CDW Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CDW Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in small area income & poverty estimates.

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

Moving together with CDW Stock

0.79	000938	Unisplendour Corp	Pair Corr
0.68	300333	Sinosun Tech	Pair Corr
0.75	ARW	Arrow Electronics	Pair Corr
0.75	300296	Leyard Optoelectronic	Pair Corr
0.79	LPL	LG Display	Pair Corr
0.7	VSH	Vishay Intertechnology	Pair Corr
0.77	301379	Techshine Electronics	Pair Corr
0.84	ZBRA	Zebra Technologies	Pair Corr
0.69	300184	Wuhan PS Information	Pair Corr
0.75	IMTE	Integrated Media Tec	Pair Corr
0.67	KULR	KULR Technology Group	Pair Corr
0.77	LINK	Interlink Electronics	Pair Corr
0.64	300852	Sihui Fuji Electronics	Pair Corr
0.62	SNT	Sabien Technology	Pair Corr
0.78	300657	XiaMen HongXin Electron	Pair Corr

Moving against CDW Stock

0.38	301123	YiDong Electronics	Pair Corr
0.38	BHE	Benchmark Electronics	Pair Corr
0.66	300076	Ningbo GQY Video	Pair Corr
0.56	000829	Telling Telecommunicatio	Pair Corr
0.38	TTG	TT Electronics Plc	Pair Corr
0.38	601231	Universal Scientific	Pair Corr

Related Correlations Analysis

	GIB	IT	LDOS	CHKP	SSNC	WIT	UMC	GDDY	CPAY	ON
GIB		0.48	-0.36	-0.21	0.78	0.78	0.7	-0.27	0.79	0.63	GIB
IT	0.48		-0.13	0.16	0.28	0.22	0.26	0.21	0.15	0.31	IT
LDOS	-0.36	-0.13		0.62	-0.01	-0.58	-0.43	0.62	-0.42	-0.37	LDOS
CHKP	-0.21	0.16	0.62		-0.04	-0.46	-0.28	0.72	-0.32	-0.26	CHKP
SSNC	0.78	0.28	-0.01	-0.04		0.59	0.63	-0.17	0.64	0.48	SSNC
WIT	0.78	0.22	-0.58	-0.46	0.59		0.79	-0.59	0.82	0.75	WIT
UMC	0.7	0.26	-0.43	-0.28	0.63	0.79		-0.32	0.64	0.84	UMC
GDDY	-0.27	0.21	0.62	0.72	-0.17	-0.59	-0.32		-0.46	-0.36	GDDY
CPAY	0.79	0.15	-0.42	-0.32	0.64	0.82	0.64	-0.46		0.69	CPAY
ON	0.63	0.31	-0.37	-0.26	0.48	0.75	0.84	-0.36	0.69		ON
	GIB	IT	LDOS	CHKP	SSNC	WIT	UMC	GDDY	CPAY	ON

Please upgrade your account to get full access to Macroaxis premium features

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

ON	+ 0.84	UMC
CPAY	+ 0.82	WIT
CPAY	+ 0.79	GIB
UMC	+ 0.79	WIT
SSNC	+ 0.78	GIB
WIT	+ 0.78	GIB

High negative correlations

GDDY	- 0.59	WIT
WIT	- 0.58	LDOS
CPAY	- 0.46	GDDY
WIT	- 0.46	CHKP
UMC	- 0.43	LDOS
CPAY	- 0.42	LDOS

Risk-Adjusted Indicators

There is a big difference between CDW Stock performing well and CDW Corp 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 CDW Corp'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
GIB	0.88	(0.03)	(0.03)	0.03	1.48	(0.84)	1.62	(1.96)	10.29
IT	1.48	(0.14)	0.00	(0.05)	0.00	0.00	4.38	(4.35)	15.43
LDOS	1.17	(0.04)	(0.03)	0.04	1.38	(1.25)	2.51	(2.43)	6.28
CHKP	1.24	(0.21)	0.00	(0.17)	0.00	0.00	2.06	(2.65)	9.38
SSNC	1.03	(0.07)	(0.05)	0.01	1.34	(1.04)	2.14	(2.46)	7.41
WIT	1.11	0.10	0.04	0.34	1.02	(1.49)	2.26	(2.05)	9.01
UMC	1.38	0.02	0.00	0.10	2.02	(1.29)	2.76	(3.14)	12.21
GDDY	1.04	(0.21)	0.00	(0.26)	0.00	0.00	1.71	(2.33)	9.52
CPAY	1.41	0.03	0.03	0.09	1.82	(1.50)	3.76	(3.57)	8.99
ON	2.33	0.15	0.10	0.13	2.52	(2.74)	5.18	(4.32)	15.27

CDW Corp Corporate Management

Steven OBrien	Vice Relations	Profile
Anand Rao	Senior Officer	Profile
Peter Locy	Controller VP	Profile
Beth Coronelli	VP Relations	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2026 Macroaxis LLC