Genpact Correlations

G Stock

USD 46.19 0.37 0.81%

The current 90-days correlation between Genpact Limited and Oneconnect Financial Technology is 0.09 (i.e., Significant diversification). The correlation of Genpact 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.

Genpact Correlation With Market

Weak diversification

The correlation between Genpact Limited and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genpact Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Genpact Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

Moving together with Genpact Stock

0.84	BR	Broadridge Financial	Pair Corr
0.83	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.78	LZ	LegalZoom	Pair Corr
0.83	SQ	Block Inc	Pair Corr
0.81	WM	Waste Management	Pair Corr
0.88	DRVN	Driven Brands Holdings	Pair Corr
0.85	VRSK	Verisk Analytics	Pair Corr
0.75	VSEC	VSE Corporation	Pair Corr
0.82	EXLS	ExlService Holdings	Pair Corr
0.73	ADP	Automatic Data Processing	Pair Corr
0.82	CBZ	CBIZ Inc	Pair Corr
0.71	FOUR	Shift4 Payments	Pair Corr
0.73	DNB	Dun Bradstreet Holdings	Pair Corr
0.92	KAR	KAR Auction Services	Pair Corr
0.82	RBA	RB Global	Pair Corr

Moving against Genpact Stock

0.66	VCIG	VCI Global Limited	Pair Corr
0.64	FC	Franklin Covey	Pair Corr
0.64	MG	Mistras Group	Pair Corr
0.49	VLTO	Veralto	Pair Corr
0.38	FA	First Advantage Corp	Pair Corr
0.39	WHLM	Wilhelmina	Pair Corr
0.39	EXPO	Exponent	Pair Corr
0.82	DSS	DSS Inc	Pair Corr
0.63	EFX	Equifax	Pair Corr
0.6	SMX	SMX Public Limited	Pair Corr
0.58	FCN	FTI Consulting	Pair Corr
0.52	MMS	Maximus	Pair Corr
0.43	TRI	Thomson Reuters Corp	Pair Corr
0.38	YXT	YXTCOM GROUP HOLDING	Pair Corr

Related Correlations Analysis

	OCFT	GBTG	ALIT	LAW	HTCR	IFBD	SMAR	SPT	RSKD	DOMO
OCFT		0.41	0.06	0.65	0.49	0.7	0.75	-0.15	-0.68	0.33	OCFT
GBTG	0.41		0.7	0.21	0.79	0.25	0.62	0.06	-0.51	0.76	GBTG
ALIT	0.06	0.7		-0.1	0.39	0.16	0.11	0.37	-0.04	0.57	ALIT
LAW	0.65	0.21	-0.1		0.36	0.66	0.64	-0.13	-0.4	0.11	LAW
HTCR	0.49	0.79	0.39	0.36		0.27	0.73	-0.08	-0.61	0.71	HTCR
IFBD	0.7	0.25	0.16	0.66	0.27		0.52	0.06	-0.42	0.24	IFBD
SMAR	0.75	0.62	0.11	0.64	0.73	0.52		-0.37	-0.8	0.34	SMAR
SPT	-0.15	0.06	0.37	-0.13	-0.08	0.06	-0.37		0.51	0.25	SPT
RSKD	-0.68	-0.51	-0.04	-0.4	-0.61	-0.42	-0.8	0.51		-0.29	RSKD
DOMO	0.33	0.76	0.57	0.11	0.71	0.24	0.34	0.25	-0.29		DOMO
	OCFT	GBTG	ALIT	LAW	HTCR	IFBD	SMAR	SPT	RSKD	DOMO

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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

HTCR	+ 0.79	GBTG
DOMO	+ 0.76	GBTG
SMAR	+ 0.75	OCFT
SMAR	+ 0.73	HTCR
DOMO	+ 0.71	HTCR
IFBD	+ 0.7	OCFT

High negative correlations

RSKD	- 0.8	SMAR
RSKD	- 0.68	OCFT
RSKD	- 0.61	HTCR
RSKD	- 0.51	GBTG
RSKD	- 0.42	IFBD
RSKD	- 0.4	LAW

Risk-Adjusted Indicators

There is a big difference between Genpact Stock performing well and Genpact 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 Genpact'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
OCFT	7.73	1.34	0.16	1.49	7.30	(9.59)	27.92	(11.73)	75.58
GBTG	1.68	0.27	0.20	0.27	1.42	(2.15)	4.01	(2.48)	13.29
ALIT	1.60	0.05	0.06	0.15	1.59	(1.92)	3.18	(2.36)	19.70
LAW	1.54	(0.05)	0.02	0.09	1.78	(1.77)	3.63	(3.18)	10.88
HTCR	5.60	0.74	0.15	0.34	5.90	(6.58)	14.14	(10.17)	26.35
IFBD	3.32	0.03	(0.02)	0.33	4.34	(3.58)	8.11	(7.55)	25.02
SMAR	0.75	0.20	0.09	6.27	0.53	(0.89)	3.28	(1.75)	8.19
SPT	2.25	(0.15)	(0.02)	0.03	3.24	(2.46)	5.77	(4.06)	20.42
RSKD	1.57	(0.17)	(0.05)	0.00	2.40	(1.44)	2.62	(3.67)	12.56
DOMO	2.18	0.13	0.06	0.21	2.45	(2.29)	4.41	(4.10)	10.59

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