Correlation Analysis Between Genpact and Visa

This module allows you to analyze existing cross correlation between Genpact Limited and Visa. You can compare the effects of market volatilities on Genpact and Visa 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 Visa. See also your portfolio center. Please also check ongoing floating volatility patterns of Genpact and Visa.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

Genpact Limited  
55

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Genpact Limited are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days. In spite of rather uncertain fundamental drivers, Genpact may actually be approaching a critical reversion point that can send shares even higher in September 2019.
Visa  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Visa are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Inspite fairly stable primary indicators, Visa is not utilizing all of its potentials. The ongoing stock price fuss, may contribute to near short-term losses for the directors.

Genpact and Visa Volatility Contrast

 Predicted Return Density 
      Returns 

Genpact Limited  vs.  Visa Inc

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Genpact Limited is expected to generate 1.33 times more return on investment than Visa. However, Genpact is 1.33 times more volatile than Visa. It trades about 0.09 of its potential returns per unit of risk. Visa is currently generating about 0.05 per unit of risk. If you would invest  3,738  in Genpact Limited on July 26, 2019 and sell it today you would earn a total of  230.00  from holding Genpact Limited or generate 6.15% return on investment over 30 days.

Pair Corralation between Genpact and Visa

0.51
Time Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy97.73%
ValuesDaily Returns

Diversification Opportunities for Genpact and Visa

Genpact Limited diversification synergy

Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Genpact Limited and Visa Inc in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Visa 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 Visa. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Visa has no effect on the direction of Genpact i.e. Genpact and Visa go up and down completely randomly.
See also your portfolio center. Please also try Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.


 
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