Unisys Correlations

UIS Stock

USD 7.80 0.36 4.84%

The current 90-days correlation between Unisys and The Hackett Group is 0.17 (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

Modest diversification

The correlation between Unisys and DJI is 0.28 (i.e., Modest 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

0.85	FI	Fiserv,	Pair Corr
0.75	IT	Gartner	Pair Corr
0.78	KD	Kyndryl Holdings	Pair Corr
0.66	DMRC	Digimarc	Pair Corr
0.72	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.65	EPAM	EPAM Systems	Pair Corr
0.73	WEBB	Web Global Holdings	Pair Corr
0.62	GDS	GDS Holdings	Pair Corr
0.71	WIT	Wipro Limited ADR	Pair Corr
0.86	GDYN	Grid Dynamics Holdings	Pair Corr
0.74	GLOB	Globant SA	Pair Corr
0.75	HCKT	Hackett Group	Pair Corr
0.77	LDOS	Leidos Holdings	Pair Corr

Moving against Unisys Stock

0.77	GMM	Global Mofy Metaverse	Pair Corr
0.33	JFU	9F Inc	Pair Corr
0.7	XRX	Xerox Corp	Pair Corr
0.67	NABL	N Able Inc	Pair Corr
0.53	INFY	Infosys Ltd ADR Sell-off Trend	Pair Corr
0.37	WNS	WNS Holdings	Pair Corr

Related Correlations Analysis

	HCKT	WNS	ASGN	TASK	PRFT	CACI	G	CD	TSSI
HCKT		0.09	0.06	0.77	0.56	0.09	0.92	0.55	0.25	HCKT
WNS	0.09		0.01	0.35	-0.42	-0.56	0.02	-0.42	-0.34	WNS
ASGN	0.06	0.01		0.17	-0.17	0.59	-0.04	0.16	0.19	ASGN
TASK	0.77	0.35	0.17		0.4	0.14	0.72	0.46	0.14	TASK
PRFT	0.56	-0.42	-0.17	0.4		0.42	0.58	0.54	0.25	PRFT
CACI	0.09	-0.56	0.59	0.14	0.42		0.1	0.51	0.27	CACI
G	0.92	0.02	-0.04	0.72	0.58	0.1		0.59	0.26	G
CD	0.55	-0.42	0.16	0.46	0.54	0.51	0.59		0.22	CD
TSSI	0.25	-0.34	0.19	0.14	0.25	0.27	0.26	0.22		TSSI
	HCKT	WNS	ASGN	TASK	PRFT	CACI	G	CD	TSSI

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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

G	+ 0.92	HCKT
TASK	+ 0.77	HCKT
G	+ 0.72	TASK
CACI	+ 0.59	ASGN
CD	+ 0.59	G
G	+ 0.58	PRFT

High negative correlations

CACI	- 0.56	WNS
CD	- 0.42	WNS
PRFT	- 0.42	WNS
TSSI	- 0.34	WNS
PRFT	- 0.17	ASGN
G	- 0.04	ASGN

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	1.37	0.11	0.15	0.15	0.94	(1.76)	2.61	(1.80)	19.63
WNS	1.60	(0.30)	0.00	(0.25)	0.00	0.00	2.95	(3.12)	13.48
ASGN	1.49	(0.26)	0.00	(0.04)	0.00	0.00	3.32	(3.35)	13.02
TASK	2.44	0.02	0.01	0.10	4.11	(2.52)	4.93	(4.81)	40.44
PRFT	0.10	0.01	(0.57)	(3.10)	0.00	(0.12)	0.23	(0.21)	0.58
CACI	1.20	(0.10)	0.00	(0.03)	0.00	0.00	2.31	(4.18)	14.84
G	0.95	0.15	0.13	0.27	0.82	(1.08)	2.05	(1.63)	11.64
CD	2.23	0.21	0.08	0.26	2.40	(2.85)	5.00	(3.69)	16.11
TSSI	3.16	0.02	0.00	0.12	4.49	(8.79)	10.00	(11.43)	35.76

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