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Benchmark  United States  NYSE  10,522   16.473 Index Moved Up 0.16%  


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Collecting data for ACN and IGTE ...

Correlation analysis between Accenture and iGATE

 
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Investment horizon:  
  30 Days    Login   to change
  
This module allows you to analyze existing cross correlation between Accenture plc and iGATE Corporation. You can compare the effects of market volatilities on Accenture and iGATE and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. Please also check ongoing floating volatility patterns of Accenture and iGATE.
 
 Accenture plc  vs   iGATE Corp.
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Daily Returns (%)
IGTE   ACN   
 
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Considering 30-days investment horizon, Accenture plc is expected to under-perform the iGATE. But the stock apears to be less risky and, when comparing its historical volatility, Accenture plc is 3.03 times less risky than iGATE. The stock trades about -0.17 of its potential returns per unit of risk. The iGATE Corporation is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  3,202  in iGATE Corporation on March 18, 2014 and sell it today you would earn a total of  551  from holding iGATE Corporation or generate 17.21% return on investment over 30 days.

Diversification

Very good diversification
Overlapping area represents amount of risk that can be diversified away by holding Accenture plc and iGATE Corp. in the same portfolio assuming nothing else is changed

Correlation Coefficient

-0.21
Parameters
Time Period1 Month [change]
DirectionNegative ACN Moved Down vs IGTE
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns
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Predicted Return Density
 
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Returns:   
IGTE   ACN   

Accenture plc

 
    
Over the last 30 days Accenture plc has generated negative risk-adjusted returns adding no value to investors with long positions.
    

Match-ups for Accenture

International Business Machines Corporation vs. Accenture plc
Xerox Corporation vs. Accenture plc
  

iGATE Corporation

 
    
Compared with the overall equity markets, risk-adjusted returns on investments in iGATE Corporation are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
    

Match-ups for iGATE

International Business Machines Corporation vs. iGATE Corporation
Accenture plc vs. iGATE Corporation
Xerox Corporation vs. iGATE Corporation