Correlation Analysis Between Computer Task and Genpact

This module allows you to analyze existing cross correlation between Computer Task Group Incorporated and Genpact Limited. You can compare the effects of market volatilities on Computer Task and Genpact 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 Computer Task with a short position of Genpact. See also your portfolio center. Please also check ongoing floating volatility patterns of Computer Task and Genpact.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Computer Task Group Incorporat  vs.  Genpact Limited

 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3,038  in Genpact Limited on June 20, 2018 and sell it today you would earn a total of  7.00  from holding Genpact Limited or generate 0.23% return on investment over 30 days.

Pair Corralation between Computer Task and Genpact

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Computer Task Group Incorporat and Genpact Limited in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Genpact Limited and Computer Task is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Computer Task Group Incorporated are associated (or correlated) with Genpact. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Genpact Limited has no effect on the direction of Computer Task i.e. Computer Task and Genpact go up and down completely randomly.

Comparative Volatility

Computer Task Group  
0 

Risk-Adjusted Performance

Over the last 30 days Computer Task Group Incorporated has generated negative risk-adjusted returns adding no value to investors with long positions.
Genpact Limited  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Genpact Limited are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

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GOOG - USA Stock
Alphabet
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1186.96

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See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.


 
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