Xerox Corp Correlations

XRX Stock

USD 5.70 0.05 0.87%

The current 90-days correlation between Xerox Corp and Rivian Automotive is -0.15 (i.e., Good 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

Good diversification

The correlation between Xerox Corp and DJI is -0.15 (i.e., Good 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.

Build AI portfolio with Xerox Stock

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

0.71	KD	Kyndryl Holdings	Pair Corr
0.67	DMRC	Digimarc	Pair Corr
0.74	NABL	N Able Inc	Pair Corr
0.74	EPAM	EPAM Systems	Pair Corr
0.67	ACN	Accenture plc	Pair Corr
0.7	CDW	CDW Corp	Pair Corr
0.64	DXC	DXC Technology	Pair Corr
0.73	FIS	Fidelity National	Pair Corr
0.83	GDS	GDS Holdings	Pair Corr
0.62	GIB	CGI Inc	Pair Corr
0.69	IBM	International Business	Pair Corr
0.85	III	Information Services	Pair Corr
0.81	JFU	9F Inc	Pair Corr
0.67	UIS	Unisys	Pair Corr
0.85	VYX	NCR Voyix	Pair Corr
0.77	WIT	Wipro Limited ADR	Pair Corr

Moving against Xerox Stock

0.4	FI	Fiserv,	Pair Corr
0.35	G	Genpact Limited	Pair Corr
0.72	SLNHP	Soluna Holdings Preferred	Pair Corr
0.52	WNS	WNS Holdings	Pair Corr

Related Correlations Analysis

	GP	RIVN	PH	BC	DOOO	VC	J	PCAR
GP		0.12	-0.29	-0.33	-0.67	-0.45	-0.33	0.09	GP
RIVN	0.12		0.77	0.5	0.24	0.57	0.73	0.57	RIVN
PH	-0.29	0.77		0.84	0.7	0.91	0.95	0.75	PH
BC	-0.33	0.5	0.84		0.86	0.87	0.85	0.77	BC
DOOO	-0.67	0.24	0.7	0.86		0.79	0.71	0.46	DOOO
VC	-0.45	0.57	0.91	0.87	0.79		0.91	0.67	VC
J	-0.33	0.73	0.95	0.85	0.71	0.91		0.71	J
PCAR	0.09	0.57	0.75	0.77	0.46	0.67	0.71		PCAR
	GP	RIVN	PH	BC	DOOO	VC	J	PCAR

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

J	+ 0.95	PH
VC	+ 0.91	PH
J	+ 0.91	VC
VC	+ 0.87	BC
DOOO	+ 0.86	BC
J	+ 0.85	BC

High negative correlations

DOOO	- 0.67	GP
VC	- 0.45	GP
J	- 0.33	GP
BC	- 0.33	GP
PH	- 0.29	GP

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
GP	2.19	(0.28)	0.00	(0.50)	0.00	0.00	4.65	(4.44)	22.24
RIVN	2.63	0.01	0.00	0.11	3.03	(2.75)	4.88	(4.45)	14.76
PH	1.59	0.13	0.06	0.18	2.59	(1.60)	3.14	(2.69)	19.46
BC	2.47	0.04	0.03	0.13	3.44	(2.69)	5.70	(5.15)	22.61
DOOO	2.23	0.61	0.23	0.66	2.11	(2.54)	5.75	(3.28)	19.19
VC	1.94	0.34	0.13	0.39	2.44	(2.13)	4.61	(3.33)	18.79
J	1.31	0.06	0.03	0.16	1.81	(1.53)	3.04	(3.11)	12.64
PCAR	1.45	(0.08)	(0.04)	0.02	1.96	(1.52)	3.30	(2.27)	14.21

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

2025 Macroaxis LLC