Macroaxis: Personalized Investing
Personalized Investing and
Digital Wealth Optimization

Benchmark  United States  NYSE  10,893   96.929 Index Moved Down -0.88%  

Collecting data for ACN and IGTE ...

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 (%)
Change Benchmark  Embed   Timeline 
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 3.23 times less risky than iGATE. The stock trades about -0.18 of its potential returns per unit of risk. The iGATE Corporation is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest  3,499  in iGATE Corporation on August 24, 2014 and sell it today you would earn a total of  226.00  from holding iGATE Corporation or generate 6.46% return on investment over 30 days.

Correlation Coefficient

Time Period1 Month [change]
DirectionNegative ACN Moved Down vs IGTE
ValuesDaily Returns


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
Investing ideals could easily outperform a given market if properly optimized
iGATE Report  
Accenture Report  

Historical Performance Chart

Comparative Volatility

Predicted Return Density

Accenture plc

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

International Business Machines Corporation vs. Accenture plc
Wipro Ltd vs. Accenture plc
Fidelity National Information Services Inc vs. Accenture plc
Xerox Corporation vs. Accenture plc
IMS Health Holdings Inc vs. Accenture plc
ServiceNow Inc vs. Accenture plc
Computer Sciences Corporation vs. Accenture plc
Gartner Inc vs. Accenture plc
NCR Corp vs. Accenture plc


Compared with the overall equity markets, risk-adjusted returns on investments in iGATE Corporation are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.

Pair trading matchups for iGATE

International Business Machines Corporation vs. iGATE Corporation
Accenture plc vs. iGATE Corporation
Wipro Ltd vs. iGATE Corporation
Fidelity National Information Services Inc vs. iGATE Corporation
Xerox Corporation vs. iGATE Corporation
IMS Health Holdings Inc vs. iGATE Corporation
ServiceNow Inc vs. iGATE Corporation
Computer Sciences Corporation vs. iGATE Corporation
Gartner Inc vs. iGATE Corporation
NCR Corp vs. iGATE Corporation



Risk Adjusted Returns Landscape
Live Efficient Frontier
Market Correlation Analysis
Watchlist Analysis
Financial Content
Portfolio Estimation and Projections
Portfolio Theme Builder

Research Modules

Equities Backtesting Analysis
Instant Retirement Optimizer
Cross-portfolio RSS and Mobile Access
Company, fund, and ETF Directory
Financial Advisor Directory
Insider and Manager Directory
Wealth Management

Services And Technology

Frequently Asked Questions
Quick Product Tour
Product Technology Overview
Solution Methodology
Plans and Pricing

Free Investor Tools

World Market Correlations
Instant Equity Comparator
Watchlist Analysis
Position Suggestions
Equity Alpha Analysis

About Us

About Macroaxis
Contact Us
Product Terms Of Use
Service Privacy Policy
Advertising Opportunities