Correlation Analysis Between Genpact and Iron Mountain

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

Comparative Performance

Genpact Limited  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Genpact Limited are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. In spite of rather sound fundamental drivers, Genpact is not utilizing all of its potentials. The continuing stock price tumult, may contribute to shorter-term losses for the shareholders.
Iron Mountain Incorp  
00

Risk-Adjusted Performance

Over the last 30 days Iron Mountain Incorporated Del has generated negative risk-adjusted returns adding no value to investors with long positions. Even with considerably steady technical indicators, Iron Mountain is not utilizing all of its potentials. The ongoing stock price chaos, may contribute to medium term losses for the stakeholders.

Genpact and Iron Mountain Volatility Contrast

 Predicted Return Density 
      Returns 

Genpact Limited  vs.  Iron Mountain Incorporated Del

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Genpact Limited is expected to generate 0.96 times more return on investment than Iron Mountain. However, Genpact Limited is 1.05 times less risky than Iron Mountain. It trades about 0.05 of its potential returns per unit of risk. Iron Mountain Incorporated Del is currently generating about 0.0 per unit of risk. If you would invest  3,815  in Genpact Limited on August 19, 2019 and sell it today you would earn a total of  176.00  from holding Genpact Limited or generate 4.61% return on investment over 30 days.

Pair Corralation between Genpact and Iron Mountain

0.98
Time Period3 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy98.44%
ValuesDaily Returns

Diversification Opportunities for Genpact and Iron Mountain

Genpact Limited diversification synergy

Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding Genpact Limited and Iron Mountain Incorporated Del in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Iron Mountain Incorp and Genpact 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 Genpact Limited are associated (or correlated) with Iron Mountain. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Iron Mountain Incorp has no effect on the direction of Genpact i.e. Genpact and Iron Mountain go up and down completely randomly.
See also your portfolio center. Please also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.


 
Search macroaxis.com