Science Applications Correlations

SAIC Stock

USD 92.26 0.56 0.61%

The current 90-days correlation between Science Applications and Magic Software Enterprises is -0.05 (i.e., Good 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

Modest diversification

The correlation between Science Applications Internati and DJI is 0.27 (i.e., Modest 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

0.85	SOP	Sopra Steria Group	Pair Corr
0.81	AN3	Alten SA	Pair Corr
0.87	MKL	Atea ASA	Pair Corr
0.68	DTT0	DATATEC LTD 2	Pair Corr
0.74	EPAM	EPAM Systems	Pair Corr
0.65	NCR1	NCR Corporation	Pair Corr
0.8	FIGR	Figure Technology	Pair Corr
0.64	LHV	ExlService Holdings	Pair Corr
0.77	ACN	Accenture plc	Pair Corr
0.76	1S3	SeSa SpA	Pair Corr
0.86	BAH	Booz Allen Hamilton	Pair Corr
0.85	DOX	Amdocs Sell-off Trend	Pair Corr
0.79	DXC	DXC Technology	Pair Corr

Moving against Science Stock

0.64	DM	Datametrex AI Earnings Call Tomorrow	Pair Corr
0.38	MI	NFT Limited	Pair Corr
0.35	DVLT	Datavault AI	Pair Corr
0.56	GNIP	GenIP PLC	Pair Corr
0.41	7GS	OPTEAM SA ZY	Pair Corr
0.41	BEO	Beonic	Pair Corr
0.37	0MD	SQUIRREL MEDIA SA	Pair Corr

Related Correlations Analysis

	CSCO	SAP	CRM	MU	INFY	III	MGIC
CSCO		-0.5	-0.45	0.29	-0.3	-0.31	0.11	CSCO
SAP	-0.5		0.93	-0.79	0.76	0.81	-0.48	SAP
CRM	-0.45	0.93		-0.72	0.79	0.88	-0.45	CRM
MU	0.29	-0.79	-0.72		-0.52	-0.51	0.38	MU
INFY	-0.3	0.76	0.79	-0.52		0.9	-0.66	INFY
III	-0.31	0.81	0.88	-0.51	0.9		-0.55	III
MGIC	0.11	-0.48	-0.45	0.38	-0.66	-0.55		MGIC
	CSCO	SAP	CRM	MU	INFY	III	MGIC

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

CRM	+ 0.93	SAP
III	+ 0.9	INFY
III	+ 0.88	CRM
III	+ 0.81	SAP
INFY	+ 0.79	CRM
INFY	+ 0.76	SAP

High negative correlations

MU	- 0.79	SAP
MU	- 0.72	CRM
MGIC	- 0.66	INFY
MGIC	- 0.55	III
INFY	- 0.52	MU
III	- 0.51	MU

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
CSCO	1.21	0.01	0.00	0.09	2.43	(1.24)	2.96	(2.00)	15.57
SAP	1.55	(0.29)	0.00	(0.24)	0.00	0.00	3.08	(3.33)	19.03
CRM	1.80	(0.30)	0.00	(0.18)	0.00	0.00	3.66	(4.75)	12.37
MU	3.38	1.02	0.33	0.90	2.54	(4.19)	9.94	(4.19)	20.06
INFY	2.07	(0.36)	0.00	(0.25)	0.00	0.00	4.32	(5.12)	20.28
III	1.96	(0.19)	0.00	(0.04)	0.00	0.00	3.82	(5.26)	13.35
MGIC	956.85	477.88	95.96	5.11	0.00	(1,071)	4.98	(8.06)	32,065

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