Xerox Corp Correlations

XRX Stock

USD 9.04 0.29 3.31%

The current 90-days correlation between Xerox Corp and ASGN Inc is 0.34 (i.e., Weak diversification). The correlation of Xerox 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Xerox Corp Correlation With Market

Very weak diversification

The correlation between Xerox Corp and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Xerox Corp and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Xerox 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 metropolitan statistical area.

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

Moving together with Xerox Stock

0.88	CDW	CDW Corp	Pair Corr
0.82	SMCI	Super Micro Computer Trending	Pair Corr
0.67	CLFD	Clearfield	Pair Corr
0.68	DIOD	Diodes Incorporated	Pair Corr

Moving against Xerox Stock

0.88	EHGO	Eshallgo Class A Downward Rally	Pair Corr
0.75	IONQ	IONQ Inc	Pair Corr
0.73	PAR	PAR Technology	Pair Corr
0.72	RGTI	Rigetti Computing Buyout Trend	Pair Corr
0.71	RGTIW	Rigetti Computing	Pair Corr
0.67	NTGR	NETGEAR	Pair Corr
0.66	IDN	Intellicheck Mobilisa	Pair Corr
0.64	ZBRA	Zebra Technologies	Pair Corr
0.62	LITE	Lumentum Holdings	Pair Corr
0.59	QUBT	Quantum Computing Trending	Pair Corr
0.57	MSI	Motorola Solutions	Pair Corr
0.56	QBTS	D Wave Quantum Buyout Trend	Pair Corr
0.51	ERIC	Telefonaktiebolaget Aggressive Push	Pair Corr
0.5	SSYS	Stratasys	Pair Corr
0.47	RCAT	Red Cat Holdings Trending	Pair Corr
0.41	HPE	Hewlett Packard Ente Earnings Call Tomorrow	Pair Corr
0.4	EXTR	Extreme Networks	Pair Corr
0.36	HPQ	HP Inc	Pair Corr
0.34	NOK	Nokia Corp ADR	Pair Corr
0.76	ZM	Zoom Video Communications Earnings Call Today	Pair Corr
0.67	DOMO	Domo Inc Earnings Call This Week	Pair Corr
0.66	DOCU	DocuSign	Pair Corr
0.64	ML	MoneyLion	Pair Corr
0.62	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.62	WK	Workiva	Pair Corr
0.61	BKTI	BK Technologies	Pair Corr
0.56	S	SentinelOne	Pair Corr
0.55	BL	Blackline	Pair Corr
0.52	KD	Kyndryl Holdings Tech Boost	Pair Corr
0.51	AI	C3 Ai Inc Trending	Pair Corr
0.48	CIEN	Ciena Corp Fiscal Year End 5th of December 2024	Pair Corr

Related Correlations Analysis

	EXLS	CSPI	CTG	ASGN	FISV	JKHY	CTSH	CDW	BR	KD
EXLS		0.24	0.8	-0.02	0.36	0.23	0.61	-0.82	0.87	0.8	EXLS
CSPI	0.24		0.29	0.01	0.09	-0.24	0.28	-0.14	0.31	0.51	CSPI
CTG	0.8	0.29		-0.04	0.54	0.45	0.24	-0.67	0.7	0.59	CTG
ASGN	-0.02	0.01	-0.04		0.46	0.36	0.28	0.47	-0.05	-0.21	ASGN
FISV	0.36	0.09	0.54	0.46		0.65	-0.04	-0.02	0.23	0.06	FISV
JKHY	0.23	-0.24	0.45	0.36	0.65		-0.17	0.05	0.2	-0.12	JKHY
CTSH	0.61	0.28	0.24	0.28	-0.04	-0.17		-0.37	0.66	0.66	CTSH
CDW	-0.82	-0.14	-0.67	0.47	-0.02	0.05	-0.37		-0.67	-0.71	CDW
BR	0.87	0.31	0.7	-0.05	0.23	0.2	0.66	-0.67		0.87	BR
KD	0.8	0.51	0.59	-0.21	0.06	-0.12	0.66	-0.71	0.87		KD
	EXLS	CSPI	CTG	ASGN	FISV	JKHY	CTSH	CDW	BR	KD

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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

BR	+ 0.87	EXLS
KD	+ 0.87	BR
CTG	+ 0.8	EXLS
KD	+ 0.8	EXLS
BR	+ 0.7	CTG
BR	+ 0.66	CTSH

High negative correlations

CDW	- 0.82	EXLS
KD	- 0.71	CDW
BR	- 0.67	CDW
CDW	- 0.67	CTG
CDW	- 0.37	CTSH
JKHY	- 0.24	CSPI

Risk-Adjusted Indicators

There is a big difference between Xerox Stock performing well and Xerox 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 Xerox 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
EXLS	1.04	0.26	0.31	0.35	0.38	(1.34)	2.56	(1.41)	8.35
CSPI	2.24	0.15	0.07	0.22	2.62	(2.44)	4.30	(4.28)	9.61
CTG	1.34	0.27	0.08	(1.00)	1.26	(1.72)	2.72	(2.11)	8.01
ASGN	1.52	(0.29)	0.00	(0.02)	0.00	0.00	3.32	(3.35)	13.02
FISV	1.05	(0.06)	0.00	(1.12)	0.00	0.00	2.14	(1.80)	9.17
JKHY	0.83	0.08	(0.04)	(9.16)	0.95	(0.85)	1.83	(1.51)	5.31
CTSH	0.95	(0.07)	(0.03)	0.06	1.44	(0.86)	1.93	(1.89)	9.84
CDW	1.41	(0.51)	0.00	(0.22)	0.00	0.00	2.02	(3.50)	14.62
BR	0.68	0.08	0.02	0.27	0.57	(0.79)	1.66	(1.26)	5.12
KD	1.68	0.36	0.26	0.34	1.15	(2.03)	3.41	(2.98)	15.71

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