Correlation analysis between Accenture and iGATE

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 2.91 times less risky than iGATE. The stock trades about -0.09 of its potential returns per unit of risk. The iGATE Corporation is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest  2,940  in iGATE Corporation on March 24, 2014 and sell it today you would earn a total of  740  from holding iGATE Corporation or generate 25.17% return on investment over 30 days.