Pair Correlation Between Accenture plc and iGATE Corporation

  
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 Corporation 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 Corporation. Please also check ongoing floating volatility patterns of Accenture plc and iGATE Corporation.
 Accenture plc  vs   iGATE Corp.
Daily Returns (%)
IGTE   ACN   
Benchmark  Embed   Timeline 
If you would invest  9,916  in Accenture plc on January 7, 2016 and sell it today you would lose (19.00) from holding Accenture plc or give up 0.19% of portfolio value over 30 days.

Correlation Coefficient

0.0

Parameters

Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
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 plc

  

iGATE

  

Pair trading matchups for iGATE Corporation