Pair Correlation Between Accenture plc 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 plc 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 plc with a short position of iGATE. Please also check ongoing floating volatility patterns of Accenture plc and iGATE.
 Accenture plc  vs   iGATE Corp.
 Daily Returns (%) 
Benchmark  Embed   Timeline 

Pair Volatility

If you would invest  4,800  in iGATE Corporation on June 23, 2016 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
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
 1.20 (0.21) 0.00  1.12  0.00 (0.19) 0.00  1.83 (2.68) 6.27 
 0.12  0.03 (0.38)(0.52) 0.00 (0.46)(0.13) 0.32 (0.34) 0.65 

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 plc

  

iGATE

  

Pair trading matchups for iGATE