Amdocs Correlations

DOX Stock

USD 81.35 1.05 1.31%

The current 90-days correlation between Amdocs and Dropbox is 0.16 (i.e., Average diversification). The correlation of Amdocs 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.

Amdocs Correlation With Market

Modest diversification

The correlation between Amdocs and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amdocs and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Amdocs Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Amdocs. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

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

Moving together with Amdocs Stock

0.66	KD	Kyndryl Holdings	Pair Corr
0.67	002184	Shanghai HiTech Control	Pair Corr
0.63	DUG	DUG Technology	Pair Corr
0.64	688201	Beijing Infosec Tech	Pair Corr
0.77	WYFI	WhiteFiber, Ordinary Tech Boost	Pair Corr
0.73	GLE	Global Engine Group	Pair Corr
0.71	UIS	Unisys	Pair Corr

Moving against Amdocs Stock

0.74	300605	HengFeng Information	Pair Corr
0.67	FDM	FDM Group Holdings	Pair Corr
0.66	DM	Datametrex AI	Pair Corr
0.61	301218	Zhejiang Whyis Technology	Pair Corr
0.6	002093	Guomai Technologies	Pair Corr
0.58	EPAM	EPAM Systems	Pair Corr
0.31	ACN	Accenture plc Sell-off Trend	Pair Corr
0.41	INFY	Infosys Ltd ADR	Pair Corr
0.35	HYFT	ImmunoPrecise Antibodies Symbol Change	Pair Corr
0.32	HPAI	Helport AI Limited	Pair Corr

Related Correlations Analysis

	DBX	AKAM	OTEX	NICE	EPAM	IDCC	CFLT	APPF	WIX	PAYC
DBX		0.01	0.06	0.4	-0.3	0.0	-0.62	0.65	0.48	0.27	DBX
AKAM	0.01		-0.92	-0.79	0.85	-0.52	0.48	-0.39	-0.74	-0.84	AKAM
OTEX	0.06	-0.92		0.83	-0.87	0.5	-0.47	0.34	0.74	0.89	OTEX
NICE	0.4	-0.79	0.83		-0.82	0.32	-0.56	0.72	0.95	0.88	NICE
EPAM	-0.3	0.85	-0.87	-0.82		-0.34	0.77	-0.38	-0.78	-0.84	EPAM
IDCC	0.0	-0.52	0.5	0.32	-0.34		-0.15	0.14	0.24	0.22	IDCC
CFLT	-0.62	0.48	-0.47	-0.56	0.77	-0.15		-0.43	-0.59	-0.56	CFLT
APPF	0.65	-0.39	0.34	0.72	-0.38	0.14	-0.43		0.81	0.54	APPF
WIX	0.48	-0.74	0.74	0.95	-0.78	0.24	-0.59	0.81		0.86	WIX
PAYC	0.27	-0.84	0.89	0.88	-0.84	0.22	-0.56	0.54	0.86		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

WIX	+ 0.95	NICE
PAYC	+ 0.89	OTEX
PAYC	+ 0.88	NICE
PAYC	+ 0.86	WIX
EPAM	+ 0.85	AKAM
NICE	+ 0.83	OTEX

High negative correlations

OTEX	- 0.92	AKAM
EPAM	- 0.87	OTEX
PAYC	- 0.84	EPAM
PAYC	- 0.84	AKAM
EPAM	- 0.82	NICE
NICE	- 0.79	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	1.49	(0.17)	0.00	(0.20)	0.00	0.00	2.57	(2.48)	15.22
AKAM	1.46	0.20	0.11	0.26	1.46	(1.55)	2.86	(2.99)	18.30
OTEX	1.05	(0.21)	0.00	(0.17)	0.00	0.00	1.80	(2.56)	8.18
NICE	1.83	(0.47)	0.00	(0.34)	0.00	0.00	2.26	(3.86)	18.80
EPAM	1.47	0.39	0.20	0.42	1.64	(1.60)	4.05	(2.73)	9.92
IDCC	2.05	(0.13)	0.00	(0.06)	0.00	0.00	3.53	(4.57)	16.18
CFLT	2.41	0.64	0.30	0.77	1.51	(3.19)	7.56	(3.67)	29.45
APPF	1.57	(0.32)	0.00	(0.23)	0.00	0.00	3.08	(2.99)	12.22
WIX	2.51	(0.77)	0.00	(0.90)	0.00	0.00	5.16	(4.33)	27.47
PAYC	1.45	(0.54)	0.00	(0.39)	0.00	0.00	2.58	(4.28)	13.60

Amdocs Corporate Management

Darcy Antonellis	Head Media	Profile
Oren Marmur	Head Network	Profile
Gary Miles	Chief Officer	Profile
Matthew Smith	Corporate Secretary	Profile
Mustafa Oyumi	Head Strategy	Profile

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