CDW Corp Correlations

CDW Stock

USD 126.16 0.67 0.53%

The current 90-days correlation between CDW Corp and CGI Inc is 0.51 (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

Excellent diversification

The correlation between CDW Corp and DJI is -0.55 (i.e., Excellent 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 median.

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

Moving together with CDW Stock

0.63	ZBRA	Zebra Technologies	Pair Corr
0.79	PBCRY	Bank Central Asia	Pair Corr

Moving against CDW Stock

0.84	NHYDY	Norsk Hydro ASA	Pair Corr
0.76	ASML	ASML Holding NV	Pair Corr
0.76	BWA	BorgWarner Earnings Call This Week	Pair Corr
0.72	TCX	Tucows Inc	Pair Corr
0.69	LOVFF	Cannara Biotech	Pair Corr
0.61	MNMD	Mind Medicine Symbol Change	Pair Corr
0.6	ROG	Rogers	Pair Corr
0.58	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.51	AXIN	Axiom Intelligence	Pair Corr
0.5	MTSFY	Mitsui Fudosan Earnings Call This Week	Pair Corr
0.49	HKTGF	Hikari Tsushin	Pair Corr
0.48	TLK	Telkom Indonesia Tbk	Pair Corr
0.47	VSH	Vishay Intertechnology Earnings Call Tomorrow	Pair Corr
0.33	ATGVF	Active Energy Group	Pair Corr
0.31	PPERY	Bank Mandiri Persero Earnings Call This Week	Pair Corr

Related Correlations Analysis

	GIB	IT	LDOS	CHKP	SSNC	WIT	UMC	GDDY	CPAY	ON
GIB		0.6	-0.13	-0.1	0.82	0.89	0.03	-0.1	0.67	0.45	GIB
IT	0.6		-0.18	0.23	0.64	0.51	-0.24	0.34	0.08	0.01	IT
LDOS	-0.13	-0.18		0.25	-0.1	-0.23	0.05	-0.09	-0.02	0.09	LDOS
CHKP	-0.1	0.23	0.25		0.02	-0.01	-0.62	0.72	-0.48	-0.53	CHKP
SSNC	0.82	0.64	-0.1	0.02		0.73	-0.02	0.15	0.5	0.36	SSNC
WIT	0.89	0.51	-0.23	-0.01	0.73		-0.13	0.02	0.55	0.33	WIT
UMC	0.03	-0.24	0.05	-0.62	-0.02	-0.13		-0.87	0.59	0.82	UMC
GDDY	-0.1	0.34	-0.09	0.72	0.15	0.02	-0.87		-0.67	-0.8	GDDY
CPAY	0.67	0.08	-0.02	-0.48	0.5	0.55	0.59	-0.67		0.83	CPAY
ON	0.45	0.01	0.09	-0.53	0.36	0.33	0.82	-0.8	0.83		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

WIT	+ 0.89	GIB
ON	+ 0.83	CPAY
SSNC	+ 0.82	GIB
ON	+ 0.82	UMC
WIT	+ 0.73	SSNC
GDDY	+ 0.72	CHKP

High negative correlations

GDDY	- 0.87	UMC
ON	- 0.8	GDDY
CPAY	- 0.67	GDDY
UMC	- 0.62	CHKP
ON	- 0.53	CHKP
CPAY	- 0.48	CHKP

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	1.02	(0.06)	0.00	(0.03)	0.00	0.00	1.97	(2.15)	10.29
IT	1.67	(0.37)	0.00	(0.30)	0.00	0.00	4.38	(4.50)	11.37
LDOS	1.08	(0.03)	(0.03)	0.01	1.33	(1.13)	2.11	(2.25)	9.17
CHKP	1.32	(0.22)	0.00	(0.22)	0.00	0.00	2.06	(2.74)	6.16
SSNC	0.88	(0.09)	0.00	(0.08)	0.00	0.00	1.52	(2.13)	5.01
WIT	1.44	0.02	0.01	0.07	1.78	(1.97)	3.98	(2.13)	14.08
UMC	2.37	0.51	0.14	(0.65)	2.61	(2.57)	7.50	(4.26)	24.73
GDDY	1.17	(0.43)	0.00	(0.68)	0.00	0.00	1.77	(3.27)	9.52
CPAY	1.67	0.05	0.03	0.08	1.97	(1.84)	3.76	(3.10)	11.04
ON	2.07	0.20	0.11	0.16	2.05	(2.42)	4.71	(4.13)	16.50

CDW Corp Corporate Management

Conor Waddell	Senior Solutions	Profile
Steven OBrien	Vice Relations	Profile
Anand Rao	Senior Officer	Profile
Peter Locy	Controller VP	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