Accenture Plc Correlations

ACN Stock

USD 231.12 9.74 4.04%

The current 90-days correlation between Accenture plc and Cisco Systems is -0.02 (i.e., Good 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

Very weak diversification

The correlation between Accenture plc and DJI is 0.48 (i.e., Very 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.

Build AI portfolio with Accenture Stock

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 services.

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

Moving together with Accenture Stock

0.71	BAH	Booz Allen Hamilton	Pair Corr
0.71	CGM	Capgemini SE Earnings Call This Week	Pair Corr
0.61	ZZG	INFORMATION SVC GRP	Pair Corr
0.68	JUPGF	Jupiter Gold	Pair Corr

Moving against Accenture Stock

0.58	CN6	BII Railway Transpor	Pair Corr
0.57	DM	Datametrex AI	Pair Corr
0.49	ETHZ	ETHZilla Symbol Change	Pair Corr
0.42	BROGF	BROGF	Pair Corr

Related Correlations Analysis

	CSCO	SAP	MU	INFY	III	MGIC	EPAM
CSCO		-0.65	0.35	0.01	-0.12	-0.03	0.04	CSCO
SAP	-0.65		-0.7	0.04	0.31	0.07	-0.01	SAP
MU	0.35	-0.7		0.26	0.13	0.39	0.46	MU
INFY	0.01	0.04	0.26		0.66	0.75	0.75	INFY
III	-0.12	0.31	0.13	0.66		0.78	0.77	III
MGIC	-0.03	0.07	0.39	0.75	0.78		0.89	MGIC
EPAM	0.04	-0.01	0.46	0.75	0.77	0.89		EPAM
	CSCO	SAP	MU	INFY	III	MGIC	EPAM

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

EPAM	+ 0.89	MGIC
MGIC	+ 0.78	III
EPAM	+ 0.77	III
MGIC	+ 0.75	INFY
EPAM	+ 0.75	INFY
III	+ 0.66	INFY

High negative correlations

MU	- 0.7	SAP
SAP	- 0.65	CSCO
III	- 0.12	CSCO
MGIC	- 0.03	CSCO
EPAM	- 0.01	SAP

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
CSCO	1.13	0.25	0.16	0.83	0.97	(1.33)	3.06	(2.00)	8.38
SAP	1.44	(0.37)	0.00	(0.32)	0.00	0.00	3.00	(2.86)	19.03
MU	3.51	0.64	0.18	0.48	3.43	(4.02)	7.98	(5.56)	20.06
INFY	1.75	0.00	(0.03)	0.10	2.08	(1.95)	4.32	(3.15)	16.01
III	1.78	(0.27)	0.00	(0.12)	0.00	0.00	3.22	(4.95)	10.62
MGIC	2.30	0.15	0.03	0.28	4.09	(2.45)	4.98	(4.38)	27.35
EPAM	1.78	0.19	0.06	0.24	2.85	(1.79)	4.41	(3.57)	18.57

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