Unisys Correlations

UIS Stock

USD 6.76 0.33 5.13%

The current 90-days correlation between Unisys and The Hackett Group is 0.18 (i.e., Average diversification). The correlation of Unisys 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.

Unisys Correlation With Market

Significant diversification

The correlation between Unisys and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unisys and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unisys. 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.

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

Moving together with Unisys Stock

0.64	FI	Fiserv, Earnings Call This Week	Pair Corr
0.7	DXC	DXC Technology	Pair Corr

Moving against Unisys Stock

0.84	VEEA	Veea Inc Symbol Change	Pair Corr
0.47	AUR	Aurora Innovation	Pair Corr
0.47	JFU	9F Inc	Pair Corr
0.41	CTM	Castellum	Pair Corr
0.38	DMRC	Digimarc	Pair Corr
0.57	NOTE	FiscalNote Holdings	Pair Corr
0.42	AUROW	Aurora Innovation	Pair Corr
0.38	XRX	Xerox Corp	Pair Corr

Related Correlations Analysis

	HCKT	WNS	ASGN	TASK	PRFT	CACI	G	CD	TSSI
HCKT		0.24	-0.3	0.71	0.38	-0.59	0.85	0.08	0.42	HCKT
WNS	0.24		0.52	0.13	0.2	0.13	0.46	-0.17	0.26	WNS
ASGN	-0.3	0.52		-0.29	-0.27	0.77	-0.13	-0.32	-0.22	ASGN
TASK	0.71	0.13	-0.29		0.5	-0.64	0.53	0.51	0.59	TASK
PRFT	0.38	0.2	-0.27	0.5		-0.6	0.53	0.54	0.71	PRFT
CACI	-0.59	0.13	0.77	-0.64	-0.6		-0.47	-0.52	-0.56	CACI
G	0.85	0.46	-0.13	0.53	0.53	-0.47		0.05	0.49	G
CD	0.08	-0.17	-0.32	0.51	0.54	-0.52	0.05		0.59	CD
TSSI	0.42	0.26	-0.22	0.59	0.71	-0.56	0.49	0.59		TSSI
	HCKT	WNS	ASGN	TASK	PRFT	CACI	G	CD	TSSI

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

G	+ 0.85	HCKT
CACI	+ 0.77	ASGN
TASK	+ 0.71	HCKT
TSSI	+ 0.71	PRFT
TSSI	+ 0.59	TASK
TSSI	+ 0.59	CD

High negative correlations

CACI	- 0.64	TASK
CACI	- 0.6	PRFT
CACI	- 0.59	HCKT
TSSI	- 0.56	CACI
CD	- 0.52	CACI
G	- 0.47	CACI

Risk-Adjusted Indicators

There is a big difference between Unisys Stock performing well and Unisys 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 Unisys' 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
HCKT	1.28	0.34	0.19	(9.11)	1.12	(1.49)	1.76	(2.10)	21.66
WNS	1.91	0.36	0.15	0.37	2.12	(2.05)	5.39	(3.44)	23.92
ASGN	1.40	(0.04)	(0.03)	0.02	1.74	(1.51)	2.64	(2.47)	13.33
TASK	3.08	0.50	0.10	0.35	4.66	(3.14)	9.26	(6.22)	40.44
PRFT	0.10	0.01	(0.49)	(1.82)	0.00	(0.12)	0.23	(0.21)	0.58
CACI	1.90	(0.44)	0.00	(1.00)	0.00	0.00	3.54	(4.84)	14.84
G	1.06	0.33	0.26	2.65	0.68	(1.31)	2.72	(1.77)	12.64
CD	2.23	0.39	0.09	(0.29)	2.40	(2.85)	5.00	(3.69)	16.11
TSSI	5.53	1.35	0.15	2.36	7.44	(6.14)	15.26	(14.43)	46.49

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC