Capgemini Correlations

CAPMF Stock

USD 127.62 1.30 1.03%

The correlation of Capgemini is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Capgemini Correlation With Market

Very good diversification

The correlation between Capgemini SE and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capgemini SE and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Capgemini could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capgemini when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Capgemini - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Capgemini SE to buy it.

Moving together with Capgemini Pink Sheet

0.81	IBM	International Business	Pair Corr
0.87	ACN	Accenture plc	Pair Corr
0.84	INFY	Infosys Ltd ADR Aggressive Push	Pair Corr
0.97	CGEMY	Capgemini SE ADR	Pair Corr
0.79	FISV	Fiserv Common Stock Symbol Change	Pair Corr
0.87	CTSH	Cognizant Technology	Pair Corr

Moving against Capgemini Pink Sheet

0.85	MEGI	MainStay CBRE Global	Pair Corr
0.77	PLSE	Pulse Biosciences	Pair Corr
0.7	SHIP	Seanergy Maritime	Pair Corr
0.69	CYD	China Yuchai Interna Earnings Call This Week	Pair Corr
0.65	JLHL	Julong Holding	Pair Corr
0.59	HNI	HNI Corp	Pair Corr
0.54	PYTCY	Playtech PLC ADR	Pair Corr
0.48	MASS	908 Devices	Pair Corr
0.46	ASML	ASML Holding NV	Pair Corr
0.43	BNEFF	Bonterra Energy Corp	Pair Corr
0.43	ABOS	Acumen Pharmaceuticals	Pair Corr
0.39	EMMA	Emmaus Life Sciences	Pair Corr
0.34	THXPF	Thor Explorations	Pair Corr
0.82	MXCHY	Orbia Advance Corp	Pair Corr
0.75	482480AN0	KLAC 525 15	Pair Corr
0.73	LAND	Gladstone Land Earnings Call This Week	Pair Corr
0.72	PRTS	CarPartsCom	Pair Corr
0.7	BBDO	Banco Bradesco SA	Pair Corr
0.51	NTZ	Natuzzi SpA	Pair Corr

Related Correlations Analysis

	NRILY	NURAF	ZTCOF	PCRFF	CAJPY	NTDTY	KONMY	CAJFF	LNVGY	ERIXF
NRILY		0.85	0.39	-0.78	-0.77	0.53	0.75	-0.64	0.34	-0.89	NRILY
NURAF	0.85		0.28	-0.74	-0.6	0.64	0.6	-0.44	0.14	-0.79	NURAF
ZTCOF	0.39	0.28		-0.28	-0.24	0.14	0.14	-0.29	0.33	-0.48	ZTCOF
PCRFF	-0.78	-0.74	-0.28		0.78	-0.33	-0.81	0.69	-0.52	0.69	PCRFF
CAJPY	-0.77	-0.6	-0.24	0.78		-0.17	-0.78	0.79	-0.35	0.71	CAJPY
NTDTY	0.53	0.64	0.14	-0.33	-0.17		0.33	-0.08	-0.03	-0.45	NTDTY
KONMY	0.75	0.6	0.14	-0.81	-0.78	0.33		-0.76	0.51	-0.6	KONMY
CAJFF	-0.64	-0.44	-0.29	0.69	0.79	-0.08	-0.76		-0.57	0.56	CAJFF
LNVGY	0.34	0.14	0.33	-0.52	-0.35	-0.03	0.51	-0.57		-0.28	LNVGY
ERIXF	-0.89	-0.79	-0.48	0.69	0.71	-0.45	-0.6	0.56	-0.28		ERIXF
	NRILY	NURAF	ZTCOF	PCRFF	CAJPY	NTDTY	KONMY	CAJFF	LNVGY	ERIXF

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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

NURAF	+ 0.85	NRILY
CAJFF	+ 0.79	CAJPY
CAJPY	+ 0.78	PCRFF
KONMY	+ 0.75	NRILY
ERIXF	+ 0.71	CAJPY
CAJFF	+ 0.69	PCRFF

High negative correlations

ERIXF	- 0.89	NRILY
KONMY	- 0.81	PCRFF
ERIXF	- 0.79	NURAF
KONMY	- 0.78	CAJPY
PCRFF	- 0.78	NRILY
CAJPY	- 0.77	NRILY

Risk-Adjusted Indicators

There is a big difference between Capgemini Pink Sheet performing well and Capgemini 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 Capgemini'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
NRILY	1.64	(0.80)	0.00	(1.02)	0.00	0.00	1.81	(4.14)	22.94
NURAF	1.85	(0.68)	0.00	3.90	0.00	0.00	4.25	(6.42)	38.31
ZTCOF	1.61	0.01	0.00	(0.03)	0.00	0.00	5.48	0.00	41.05
PCRFF	3.31	0.59	0.11	3.98	3.82	(3.52)	6.15	(6.74)	20.36
CAJPY	1.11	0.02	0.00	0.10	1.22	(1.19)	2.50	(2.01)	9.81
NTDTY	4.15	0.24	0.03	0.38	4.95	(8.87)	13.10	(10.42)	32.19
KONMY	1.82	(0.34)	0.00	(2.16)	0.00	0.00	3.01	(6.13)	12.83
CAJFF	1.48	0.11	0.01	(0.61)	2.00	(2.56)	3.46	(4.16)	13.58
LNVGY	1.54	(0.21)	0.00	(0.20)	0.00	0.00	3.14	(3.69)	9.25
ERIXF	1.26	0.21	0.04	(0.28)	1.27	(3.65)	4.63	(2.76)	15.01

Be your own money manager

Our tools can tell you how much better you can do entering a position in Capgemini without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Capgemini Corporate Management

Fernando Alvarez	Head of Partnerships and Strategic Initiatives	Profile
Franck Greverie	Head of Cloud & Cybersecurity	Profile
Olivier Sevillia	Head of Application Services Two, Member of the Group Management Board and Executive Committee	Profile
Anirban Bose	Head of Bank and Financial Services	Profile

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