Accenture Plc Correlations

ACN Stock

USD 361.05 0.00 0.00%

The current 90-days correlation between Accenture plc and Globant SA is 0.54 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Accenture Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accenture plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Accenture Plc Correlation With Market

Weak diversification

The correlation between Accenture plc and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accenture plc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accenture plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Accenture Stock, please use our How to Invest in Accenture Plc guide.

Moving together with Accenture Stock

0.66	FI	Fiserv, Sell-off Trend	Pair Corr
0.75	IT	Gartner	Pair Corr
0.63	VNET	VNET Group DRC Trending	Pair Corr
0.61	WEBB	Web Global Holdings	Pair Corr
0.68	AUR	Aurora Innovation	Pair Corr
0.77	FIS	Fidelity National	Pair Corr
0.68	GDS	GDS Holdings	Pair Corr
0.74	IBM	International Business Fiscal Year End 22nd of January 2025	Pair Corr
0.64	PSN	Parsons Corp	Pair Corr
0.66	GLOB	Globant SA	Pair Corr
0.75	JKHY	Jack Henry Associates	Pair Corr
0.75	AUROW	Aurora Innovation	Pair Corr

Moving against Accenture Stock

0.75	GMM	Global Mofy Metaverse	Pair Corr
0.75	WNS	WNS Holdings	Pair Corr

Related Correlations Analysis

	GLOB	CNXC	CTSH	CDW	KD	BBAI	XRX	FISV	WIT	IT
GLOB		-0.68	0.56	-0.47	0.69	0.6	-0.48	0.44	0.66	0.71	GLOB
CNXC	-0.68		-0.19	0.61	-0.59	-0.53	0.64	-0.6	-0.73	-0.78	CNXC
CTSH	0.56	-0.19		-0.31	0.68	0.37	-0.2	-0.21	0.52	0.54	CTSH
CDW	-0.47	0.61	-0.31		-0.66	-0.47	0.89	-0.02	-0.61	-0.4	CDW
KD	0.69	-0.59	0.68	-0.66		0.72	-0.53	0.02	0.7	0.68	KD
BBAI	0.6	-0.53	0.37	-0.47	0.72		-0.42	0.21	0.61	0.54	BBAI
XRX	-0.48	0.64	-0.2	0.89	-0.53	-0.42		-0.15	-0.6	-0.43	XRX
FISV	0.44	-0.6	-0.21	-0.02	0.02	0.21	-0.15		0.12	0.36	FISV
WIT	0.66	-0.73	0.52	-0.61	0.7	0.61	-0.6	0.12		0.79	WIT
IT	0.71	-0.78	0.54	-0.4	0.68	0.54	-0.43	0.36	0.79		IT
	GLOB	CNXC	CTSH	CDW	KD	BBAI	XRX	FISV	WIT	IT

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

XRX	+ 0.89	CDW
IT	+ 0.79	WIT
BBAI	+ 0.72	KD
IT	+ 0.71	GLOB
WIT	+ 0.7	KD
KD	+ 0.69	GLOB

High negative correlations

IT	- 0.78	CNXC
WIT	- 0.73	CNXC
CNXC	- 0.68	GLOB
KD	- 0.66	CDW
WIT	- 0.61	CDW
WIT	- 0.6	XRX

Risk-Adjusted Indicators

There is a big difference between Accenture Stock performing well and Accenture Plc Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Accenture Plc's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GLOB	1.71	0.03	0.02	0.11	2.62	(1.66)	3.32	(3.37)	20.70
CNXC	2.12	(0.82)	0.00	(0.89)	0.00	0.00	3.42	(4.17)	22.69
CTSH	0.94	(0.05)	(0.03)	0.04	1.43	(0.85)	1.93	(1.89)	9.84
CDW	1.42	(0.46)	0.00	(0.22)	0.00	0.00	2.02	(3.50)	14.62
KD	1.43	0.22	0.15	0.25	1.36	(1.67)	2.61	(2.98)	15.71
BBAI	4.51	0.71	0.16	0.47	4.24	(5.84)	11.36	(7.14)	36.73
XRX	2.09	(0.40)	0.00	(0.11)	0.00	0.00	3.33	(4.61)	23.04
FISV	1.05	(0.04)	0.00	0.62	0.00	0.00	2.14	(1.80)	9.17
WIT	1.33	0.07	0.06	0.14	1.23	(1.69)	3.14	(2.21)	8.35
IT	0.82	0.00	0.01	0.09	1.07	(0.78)	1.37	(2.06)	7.23

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