Correlation Analysis Between Accenture and iGATE

       
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. You can also utilize pair trading strategies of matching a long position in Accenture with a short position of iGATE. Please also check ongoing floating volatility patterns of Accenture and iGATE.
 Accenture plc  vs   iGATE Corp.
Daily Returns (%)
IGTE   ACN   
Benchmark  Embed   Timeline 
If you would invest  4,800  in iGATE Corporation on August 5, 2015 and sell it today you would earn a total of  0.00  from holding iGATE Corporation or generate 0.0% return on investment over 30 days.

Correlation Coefficient

0.0

Parameters

Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns
  

Diversification

Pay attention

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

Historical Performance Chart

Comparative Volatility

Predicted Return Density  
Benchmark  Embed   Returns 

Accenture plc

  

Risk-adjusted Performance

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

Pair trading matchups for Accenture

  

iGATE

  

Risk-adjusted Performance

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

Pair trading matchups for iGATE