CDW Corp Correlations

CDW Stock

USD 156.80 0.52 0.33%

The current 90-days correlation between CDW Corp and CGI Inc is 0.18 (i.e., Average diversification). The correlation of CDW 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.

CDW Corp Correlation With Market

Very weak diversification

The correlation between CDW Corp and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CDW Corp and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CDW Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CDW 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 world development indicators.

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

Moving together with CDW Stock

0.77	300333	Sinosun Tech	Pair Corr
0.78	PAR	PAR Technology Earnings Call Next Week	Pair Corr

Moving against CDW Stock

0.71	301379	Techshine Electronics	Pair Corr
0.61	688375	Guobo Electronics	Pair Corr
0.6	FLEX	Flex	Pair Corr
0.6	601231	Universal Scientific	Pair Corr
0.58	688519	Nanya New Material	Pair Corr
0.53	LST	Light Science Techno	Pair Corr
0.49	301123	YiDong Electronics	Pair Corr
0.48	000938	Unisplendour Corp	Pair Corr
0.48	300852	Sihui Fuji Electronics	Pair Corr
0.47	603936	Bomin Electronics	Pair Corr
0.36	300296	Leyard Optoelectronic	Pair Corr
0.31	VSH	Vishay Intertechnology Earnings Call This Week	Pair Corr
0.31	688630	Circuit Fabology Mic	Pair Corr
0.73	688103	Kunshan Guoli Electronic	Pair Corr
0.68	002289	Success Electronics	Pair Corr
0.68	RVSN	Rail Vision	Pair Corr
0.67	002049	Unigroup Guoxin Micr	Pair Corr
0.66	DDR	Dicker Data	Pair Corr
0.6	SNT	Sabien Technology	Pair Corr
0.59	600082	Tianjin Hi Tech	Pair Corr
0.58	REFR	Research Frontiers Earnings Call This Week	Pair Corr
0.57	688538	Everdisplay Optronics	Pair Corr
0.55	603920	Olympic Circuit Tech	Pair Corr
0.38	OPTX	Syntec Optics Holdings	Pair Corr
0.35	ASNS	Actelis Networks	Pair Corr

Related Correlations Analysis

	GIB	IT	LDOS	FFIV	CPAY	SSNC	CHKP	GDDY	J	UMC
GIB		-0.15	-0.67	0.33	0.79	0.61	-0.4	0.61	-0.68	-0.86	GIB
IT	-0.15		-0.11	-0.1	0.21	-0.04	0.07	0.52	-0.35	0.03	IT
LDOS	-0.67	-0.11		-0.01	-0.6	-0.13	0.54	-0.55	0.68	0.67	LDOS
FFIV	0.33	-0.1	-0.01		0.28	0.37	0.11	0.25	-0.28	-0.17	FFIV
CPAY	0.79	0.21	-0.6	0.28		0.56	-0.51	0.85	-0.78	-0.84	CPAY
SSNC	0.61	-0.04	-0.13	0.37	0.56		0.2	0.52	-0.56	-0.49	SSNC
CHKP	-0.4	0.07	0.54	0.11	-0.51	0.2		-0.31	0.27	0.62	CHKP
GDDY	0.61	0.52	-0.55	0.25	0.85	0.52	-0.31		-0.85	-0.68	GDDY
J	-0.68	-0.35	0.68	-0.28	-0.78	-0.56	0.27	-0.85		0.73	J
UMC	-0.86	0.03	0.67	-0.17	-0.84	-0.49	0.62	-0.68	0.73		UMC
	GIB	IT	LDOS	FFIV	CPAY	SSNC	CHKP	GDDY	J	UMC

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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

GDDY	+ 0.85	CPAY
CPAY	+ 0.79	GIB
UMC	+ 0.73	J
J	+ 0.68	LDOS
UMC	+ 0.67	LDOS
UMC	+ 0.62	CHKP

High negative correlations

UMC	- 0.86	GIB
J	- 0.85	GDDY
UMC	- 0.84	CPAY
J	- 0.78	CPAY
UMC	- 0.68	GDDY
J	- 0.68	GIB

Risk-Adjusted Indicators

There is a big difference between CDW Stock performing well and CDW 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 CDW 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
GIB	1.00	(0.20)	0.00	(0.22)	0.00	0.00	1.56	(2.82)	6.30
IT	2.13	(0.58)	0.00	(0.21)	0.00	0.00	3.67	(4.52)	30.04
LDOS	0.97	0.21	0.14	0.36	1.01	(1.05)	2.21	(2.11)	10.55
FFIV	1.54	(0.33)	0.00	(0.16)	0.00	0.00	2.68	(3.62)	15.53
CPAY	1.38	(0.56)	0.00	(0.19)	0.00	0.00	2.59	(3.57)	10.38
SSNC	0.95	(0.15)	0.00	(0.02)	0.00	0.00	2.14	(2.44)	7.10
CHKP	1.08	0.03	0.01	0.13	1.09	(1.25)	1.97	(1.69)	9.26
GDDY	1.51	(0.50)	0.00	(0.28)	0.00	0.00	2.12	(3.27)	12.32
J	1.11	0.05	0.05	0.14	1.32	(1.13)	2.67	(2.53)	8.72
UMC	1.19	(0.01)	0.00	0.08	1.48	(1.33)	2.15	(3.14)	9.55

CDW Corp Corporate Management

Steven OBrien	Vice Relations	Profile
Anand Rao	Senior Officer	Profile
Peter Locy	Controller VP	Profile
Beth Coronelli	VP Relations	Profile

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