Fidelity National Correlations

FIS Stock

USD 80.44 0.50 0.62%

The current 90-days correlation between Fidelity National and Cognizant Technology Solutions is 0.58 (i.e., Very weak diversification). The correlation of Fidelity National 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.

Fidelity National Correlation With Market

Poor diversification

The correlation between Fidelity National Information and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fidelity National Information and DJI in the same portfolio, assuming nothing else is changed.

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fidelity National Information. 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.

Moving together with Fidelity Stock

0.75	KD	Kyndryl Holdings	Pair Corr
0.65	VEEA	Veea Inc Symbol Change	Pair Corr
0.73	VRRM	Verra Mobility Corp	Pair Corr
0.84	GIB	CGI Inc	Pair Corr
0.74	IBM	International Business	Pair Corr
0.76	PSN	Parsons Corp	Pair Corr
0.64	VYX	NCR Voyix	Pair Corr
0.73	IBEX	IBEX	Pair Corr
0.66	LDOS	Leidos Holdings	Pair Corr
0.61	LZMH	LZ Technology Holdings Trending	Pair Corr
0.82	MGIC	Magic Software Enter	Pair Corr
0.66	NABL	N Able Inc	Pair Corr

Moving against Fidelity Stock

0.73	FI	Fiserv,	Pair Corr
0.7	JZ	Jianzhi Education	Pair Corr
0.39	VNET	VNET Group DRC	Pair Corr
0.59	HCKT	Hackett Group	Pair Corr
0.59	SLNHP	Soluna Holdings Preferred	Pair Corr
0.51	NOTE	FiscalNote Holdings	Pair Corr
0.48	GDYN	Grid Dynamics Holdings	Pair Corr
0.37	JDZG	JIADE LIMITED Common	Pair Corr

Related Correlations Analysis

	JKHY	CTSH	CDW	IT	BR	FISV	G	INFY	LDOS	CACI
JKHY		0.78	0.72	0.53	0.7	0.0	-0.46	0.69	0.45	0.25	JKHY
CTSH	0.78		0.93	0.78	0.49	0.0	-0.44	0.9	0.57	0.38	CTSH
CDW	0.72	0.93		0.82	0.43	0.0	-0.58	0.75	0.72	0.54	CDW
IT	0.53	0.78	0.82		0.22	0.0	-0.12	0.6	0.57	0.37	IT
BR	0.7	0.49	0.43	0.22		0.0	-0.38	0.42	0.32	0.25	BR
FISV	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FISV
G	-0.46	-0.44	-0.58	-0.12	-0.38	0.0		-0.23	-0.59	-0.59	G
INFY	0.69	0.9	0.75	0.6	0.42	0.0	-0.23		0.29	0.11	INFY
LDOS	0.45	0.57	0.72	0.57	0.32	0.0	-0.59	0.29		0.94	LDOS
CACI	0.25	0.38	0.54	0.37	0.25	0.0	-0.59	0.11	0.94		CACI
	JKHY	CTSH	CDW	IT	BR	FISV	G	INFY	LDOS	CACI

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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

CACI	+ 0.94	LDOS
CDW	+ 0.93	CTSH
INFY	+ 0.9	CTSH
IT	+ 0.82	CDW
CTSH	+ 0.78	JKHY
IT	+ 0.78	CTSH

High negative correlations

CACI	- 0.59	G
LDOS	- 0.59	G
G	- 0.58	CDW
G	- 0.46	JKHY
G	- 0.44	CTSH
G	- 0.38	BR

Risk-Adjusted Indicators

There is a big difference between Fidelity Stock performing well and Fidelity National 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 Fidelity National'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
JKHY	0.99	0.03	0.02	0.07	1.50	(1.08)	2.35	(1.83)	9.13
CTSH	1.32	(0.02)	(0.01)	0.00	1.95	(1.33)	2.45	(3.07)	14.29
CDW	1.81	0.00	0.00	0.02	2.43	(2.02)	2.86	(3.34)	17.23
IT	1.39	(0.22)	0.00	(0.21)	0.00	0.00	2.77	(3.47)	11.06
BR	1.06	0.09	0.03	(0.56)	1.80	(1.06)	2.13	(2.58)	12.87
FISV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
G	1.44	(0.25)	0.00	(0.32)	0.00	0.00	2.55	(3.26)	21.91
INFY	1.32	0.01	0.00	0.02	1.87	(1.39)	2.23	(2.73)	11.38
LDOS	1.18	0.11	0.06	0.19	1.51	(1.26)	2.51	(2.71)	10.54
CACI	1.41	0.24	0.13	0.60	1.60	(1.54)	3.05	(2.89)	12.26

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