Science Applications Correlations

SAIC Stock

USD 101.76 0.06 0.06%

The current 90-days correlation between Science Applications and Avnet Inc is 0.08 (i.e., Significant diversification). The correlation of Science Applications 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.

Science Applications Correlation With Market

Almost no diversification

The correlation between Science Applications Internati and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Science Applications Internati and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Science Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Science Applications International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Science Stock

0.79	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.77	SAR	Saratoga Investment Corp	Pair Corr
0.89	ACN	Accenture plc	Pair Corr
0.61	VLKAF	Volkswagen AG	Pair Corr
0.63	VWAGY	Volkswagen AG 110	Pair Corr
0.7	VLKPF	Volkswagen AG VZO	Pair Corr
0.69	LILIF	Argentina Lithium Energy	Pair Corr
0.76	CAT	Caterpillar	Pair Corr
0.7	MRK	Merck Company Earnings Call This Week	Pair Corr
0.7	DIS	Walt Disney Earnings Call This Week	Pair Corr

Moving against Science Stock

0.77	T	ATT Inc Earnings Call This Week	Pair Corr
0.61	HPQ	HP Inc	Pair Corr
0.54	MSFT	Microsoft	Pair Corr
0.4	HNHPF	Hon Hai Precision	Pair Corr
0.39	PG	Procter Gamble	Pair Corr
0.39	MMM	3M Company	Pair Corr
0.34	JD	JD Inc Adr	Pair Corr

Related Correlations Analysis

	PSFE	AVT	NIQ	VRRM	INGM	PAY	VICR	DLO	SLAB	CNXC
PSFE		-0.17	-0.69	0.68	0.41	0.12	-0.37	0.61	-0.1	0.23	PSFE
AVT	-0.17		0.49	-0.53	0.15	-0.59	0.71	0.3	0.65	0.36	AVT
NIQ	-0.69	0.49		-0.44	-0.19	-0.53	0.77	0.02	0.65	0.41	NIQ
VRRM	0.68	-0.53	-0.44		0.09	0.16	-0.34	0.44	-0.13	0.27	VRRM
INGM	0.41	0.15	-0.19	0.09		-0.09	-0.18	0.39	0.24	0.34	INGM
PAY	0.12	-0.59	-0.53	0.16	-0.09		-0.68	-0.43	-0.58	-0.69	PAY
VICR	-0.37	0.71	0.77	-0.34	-0.18	-0.68		0.32	0.8	0.53	VICR
DLO	0.61	0.3	0.02	0.44	0.39	-0.43	0.32		0.48	0.74	DLO
SLAB	-0.1	0.65	0.65	-0.13	0.24	-0.58	0.8	0.48		0.68	SLAB
CNXC	0.23	0.36	0.41	0.27	0.34	-0.69	0.53	0.74	0.68		CNXC
	PSFE	AVT	NIQ	VRRM	INGM	PAY	VICR	DLO	SLAB	CNXC

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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

SLAB	+ 0.8	VICR
VICR	+ 0.77	NIQ
CNXC	+ 0.74	DLO
VICR	+ 0.71	AVT
VRRM	+ 0.68	PSFE
CNXC	+ 0.68	SLAB

High negative correlations

CNXC	- 0.69	PAY
NIQ	- 0.69	PSFE
VICR	- 0.68	PAY
PAY	- 0.59	AVT
SLAB	- 0.58	PAY
PAY	- 0.53	NIQ

Risk-Adjusted Indicators

There is a big difference between Science Stock performing well and Science Applications 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 Science Applications' 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
PSFE	2.89	(0.88)	0.00	(0.38)	0.00	0.00	4.29	(5.16)	31.29
AVT	1.43	0.29	0.22	0.27	1.07	(1.81)	3.50	(1.89)	9.18
NIQ	2.11	0.30	0.14	0.34	1.96	(2.67)	4.93	(3.20)	10.33
VRRM	1.10	(0.36)	0.00	(0.47)	0.00	0.00	2.25	(2.63)	7.22
INGM	1.46	(0.10)	0.00	(0.04)	0.00	0.00	3.53	(2.64)	9.36
PAY	2.26	(0.18)	0.00	(0.83)	0.00	0.00	3.65	(5.50)	36.06
VICR	2.68	0.83	0.22	0.41	2.93	(2.80)	6.34	(6.12)	22.45
DLO	1.91	(0.26)	0.00	(0.09)	0.00	0.00	3.11	(4.02)	11.21
SLAB	1.88	0.03	0.03	0.05	2.03	(2.18)	4.49	(3.26)	11.70
CNXC	2.43	(0.32)	0.00	(0.14)	0.00	0.00	4.30	(5.96)	19.52

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