Fiserv Correlations

Summary

FISVDelisted Stock

USD 114.23 1.69 1.50%

The current 90-days correlation between Fiserv Inc and Cognizant Technology Solutions is -0.06 (i.e., Good diversification). The correlation of Fiserv 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.

Fiserv Correlation With Market

Significant diversification

The correlation between Fiserv Inc and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fiserv Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving against Fiserv Stock

0.61	PG	Procter Gamble	Pair Corr
0.32	KO	Coca Cola Aggressive Push	Pair Corr

Related Correlations Analysis

	JKHY	CTSH	CDW	BR	IT	FIS	G	INFY	LDOS	CACI
JKHY		-0.17	0.05	0.2	0.51	0.77	-0.23	-0.24	0.52	0.75	JKHY
CTSH	-0.17		-0.37	0.66	0.54	0.06	0.77	0.11	0.42	0.12	CTSH
CDW	0.05	-0.37		-0.67	-0.39	-0.4	-0.75	0.58	-0.45	-0.08	CDW
BR	0.2	0.66	-0.67		0.76	0.53	0.84	-0.16	0.49	0.21	BR
IT	0.51	0.54	-0.39	0.76		0.75	0.56	-0.22	0.69	0.59	IT
FIS	0.77	0.06	-0.4	0.53	0.75		0.21	-0.46	0.63	0.68	FIS
G	-0.23	0.77	-0.75	0.84	0.56	0.21		-0.18	0.41	0.0	G
INFY	-0.24	0.11	0.58	-0.16	-0.22	-0.46	-0.18		-0.58	-0.49	INFY
LDOS	0.52	0.42	-0.45	0.49	0.69	0.63	0.41	-0.58		0.88	LDOS
CACI	0.75	0.12	-0.08	0.21	0.59	0.68	0.0	-0.49	0.88		CACI
	JKHY	CTSH	CDW	BR	IT	FIS	G	INFY	LDOS	CACI

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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

CACI	+ 0.88	LDOS
G	+ 0.84	BR
FIS	+ 0.77	JKHY
G	+ 0.77	CTSH
IT	+ 0.76	BR
CACI	+ 0.75	JKHY

High negative correlations

G	- 0.75	CDW
BR	- 0.67	CDW
LDOS	- 0.58	INFY
CACI	- 0.49	INFY
INFY	- 0.46	FIS
LDOS	- 0.45	CDW

Risk-Adjusted Indicators

There is a big difference between Fiserv Stock performing well and Fiserv 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 Fiserv'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
JKHY	0.83	0.08	(0.04)	(9.16)	0.95	(0.85)	1.83	(1.51)	5.31
CTSH	0.95	(0.07)	(0.03)	0.06	1.44	(0.86)	1.93	(1.89)	9.84
CDW	1.41	(0.51)	0.00	(0.22)	0.00	0.00	2.02	(3.50)	14.62
BR	0.68	0.08	0.02	0.27	0.57	(0.79)	1.66	(1.26)	5.12
IT	0.80	0.00	0.00	0.12	1.06	(0.75)	1.37	(2.06)	7.23
FIS	0.76	0.11	0.01	0.52	0.95	(0.78)	1.44	(1.35)	5.40
G	0.98	0.17	0.14	0.32	0.81	(1.12)	2.64	(1.63)	11.64
INFY	0.94	(0.06)	(0.06)	0.05	1.11	(1.09)	1.81	(2.11)	4.88
LDOS	1.22	0.03	0.01	0.16	2.86	(1.18)	2.17	(1.90)	23.10
CACI	1.25	(0.09)	(0.04)	0.01	2.58	(1.08)	2.84	(4.18)	14.84

Fiserv Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fiserv stock to make a market-neutral strategy. Peer analysis of Fiserv could also be used in its relative valuation, which is a method of valuing Fiserv by comparing valuation metrics with similar companies.

Jack Henry Associates Cognizant Technology Solutions CDW Corp Broadridge Financial Solutions Gartner Fidelity National Information Genpact Limited Infosys Ltd ADR Leidos Holdings CACI International ExlService Holdings American Airlines Group Alcoa Corp Apple Inc Best Buy Co

Risk & Return

Correlation

Fiserv Corporate Management

Guy Chiarello	Chief Officer	Profile
Leigh Asher	Chief Officer	Profile
Adam Rosman	Chief Officer	Profile
Kenneth Best	Principal Accounting Officer	Profile
Britt Zarling	Sr Communications	Profile
James CPA	Head Devel	Profile

Still Interested in Fiserv Inc?

Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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