Teradata Corp Correlations

TDC Stock

USD 28.52 0.31 1.08%

The current 90-days correlation between Teradata Corp and Payoneer Global is -0.2 (i.e., Good diversification). The correlation of Teradata 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.

Teradata Corp Correlation With Market

Very weak diversification

The correlation between Teradata Corp and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Teradata Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Teradata Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Teradata 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 small area income & poverty estimates.

For information on how to trade Teradata Stock refer to our How to Trade Teradata Stock guide.

Moving together with Teradata Stock

0.61	AA	Alcoa Corp	Pair Corr
0.75	MRK	Merck Company Earnings Call This Week	Pair Corr
0.64	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.61	PFE	Pfizer Inc Earnings Call This Week	Pair Corr

Moving against Teradata Stock

0.67	MSFT	Microsoft	Pair Corr
0.54	HPQ	HP Inc	Pair Corr
0.36	T	ATT Inc Earnings Call This Week	Pair Corr
0.31	FSTF	First State Financial	Pair Corr

Related Correlations Analysis

	PAYO	NTCT	CSGS	MQ	PGY	EVTC	CXM	EVCM	PLUS	ODD
PAYO		0.21	-0.21	-0.24	-0.04	0.14	-0.15	0.23	-0.11	0.13	PAYO
NTCT	0.21		0.15	0.08	0.12	-0.25	0.18	0.36	0.03	-0.08	NTCT
CSGS	-0.21	0.15		-0.33	-0.5	-0.3	-0.49	-0.03	0.35	-0.67	CSGS
MQ	-0.24	0.08	-0.33		0.17	0.05	0.68	-0.22	0.41	0.47	MQ
PGY	-0.04	0.12	-0.5	0.17		0.04	0.48	-0.15	-0.53	0.53	PGY
EVTC	0.14	-0.25	-0.3	0.05	0.04		0.09	0.37	0.03	0.01	EVTC
CXM	-0.15	0.18	-0.49	0.68	0.48	0.09		0.09	-0.06	0.72	CXM
EVCM	0.23	0.36	-0.03	-0.22	-0.15	0.37	0.09		-0.26	-0.22	EVCM
PLUS	-0.11	0.03	0.35	0.41	-0.53	0.03	-0.06	-0.26		-0.23	PLUS
ODD	0.13	-0.08	-0.67	0.47	0.53	0.01	0.72	-0.22	-0.23		ODD
	PAYO	NTCT	CSGS	MQ	PGY	EVTC	CXM	EVCM	PLUS	ODD

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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

ODD	+ 0.72	CXM
CXM	+ 0.68	MQ
ODD	+ 0.53	PGY
CXM	+ 0.48	PGY
ODD	+ 0.47	MQ
PLUS	+ 0.41	MQ

High negative correlations

ODD	- 0.67	CSGS
PLUS	- 0.53	PGY
PGY	- 0.5	CSGS
CXM	- 0.49	CSGS
MQ	- 0.33	CSGS
EVTC	- 0.3	CSGS

Risk-Adjusted Indicators

There is a big difference between Teradata Stock performing well and Teradata 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 Teradata 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
PAYO	1.67	0.03	0.01	0.06	1.98	(1.91)	3.70	(3.66)	10.15
NTCT	1.41	0.04	0.01	0.16	1.69	(1.57)	2.52	(2.83)	11.36
CSGS	0.59	0.27	0.68	(7.27)	0.00	(0.75)	0.63	(0.59)	15.33
MQ	1.78	(0.18)	0.00	(0.50)	0.00	0.00	3.24	(3.28)	14.05
PGY	3.38	(0.54)	0.00	(0.22)	0.00	0.00	6.60	(6.84)	22.52
EVTC	1.49	(0.08)	0.00	(0.90)	0.00	0.00	2.94	(3.16)	9.49
CXM	1.39	(0.32)	0.00	(0.63)	0.00	0.00	2.65	(3.99)	10.05
EVCM	2.72	0.12	0.01	(0.08)	4.54	(2.81)	4.95	(5.45)	22.27
PLUS	1.55	0.20	0.14	0.19	1.34	(1.89)	3.71	(2.34)	19.34
ODD	2.35	(0.54)	0.00	(0.52)	0.00	0.00	4.24	(5.12)	18.82

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