Benchmark  United States  NYSE  10,882   0.53  0.0% 


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Correlation analysis between Accenture and iGATE

    
  
Summary
Performance
FundamentalsTechnicalsRecomendation
   Valuation
   Backtest
   Forecast
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  9,734  in Accenture plc on July 3, 2015 and sell it today you would earn a total of  577  from holding Accenture plc or generate 5.93% return on investment over 30 days.

Correlation Coefficient

0.0

Parameters

Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.76%
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

Compared to the overall equity markets, risk-adjusted returns on investments in Accenture plc are ranked lower than 19 (%) of all global equities and portfolios over the last 30 days.

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
ServiceNow Inc vs. Accenture plc
Xerox Corporation vs. Accenture plc
IMS Health Holdings Inc vs. Accenture plc
Computer Sciences Corporation vs. Accenture plc
INFINITE COMPUTER SOL LTD vs. Accenture plc
Gartner Inc vs. Accenture plc
  

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

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
ServiceNow Inc vs. iGATE Corporation
Xerox Corporation vs. iGATE Corporation
IMS Health Holdings Inc vs. iGATE Corporation
Computer Sciences Corporation vs. iGATE Corporation
INFINITE COMPUTER SOL LTD vs. iGATE Corporation
Gartner Inc vs. iGATE Corporation