CGI Correlations

GIB Stock

USD 73.36 0.14 0.19%

The current 90-days correlation between CGI Inc and Gartner is 0.57 (i.e., Very weak diversification). The correlation of CGI 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.

CGI Correlation With Market

Very good diversification

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

Build AI portfolio with CGI Stock

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

Moving together with CGI Stock

0.84	SOP	Sopra Steria Group	Pair Corr
0.94	IT	Gartner	Pair Corr
0.94	KD	Kyndryl Holdings	Pair Corr
0.77	IL8	IT Link SA	Pair Corr
0.68	DUG	DUG Technology	Pair Corr
0.77	AN3	Alten SA	Pair Corr
0.77	CVB	Computer And Technologies	Pair Corr
0.63	RZC	CAICA Inc	Pair Corr
0.94	7XU	KYNDRYL HLDGS INC	Pair Corr
0.89	EPAM	EPAM Systems	Pair Corr
0.84	NCR1	NCR Corporation	Pair Corr
0.95	LHV	ExlService Holdings	Pair Corr
0.92	ACN	Accenture plc	Pair Corr
0.65	1S3	SeSa SpA	Pair Corr
0.65	BAH	Booz Allen Hamilton	Pair Corr
0.86	DOX	Amdocs Sell-off Trend	Pair Corr
0.7	DXC	DXC Technology	Pair Corr

Moving against CGI Stock

0.73	MI	NFT Limited	Pair Corr
0.58	FDM	FDM Group Holdings	Pair Corr
0.38	DM	Datametrex AI Earnings Call This Week	Pair Corr
0.58	BEO	Beonic	Pair Corr
0.55	G40	GDS Holdings Limited	Pair Corr
0.42	XTIA	XTI Aerospace	Pair Corr

Related Correlations Analysis

	IT	CDW	CPAY	UMC	LDOS	J	GDDY	WIT	SSNC	LOGI
IT		0.43	-0.58	-0.6	0.54	-0.33	0.85	0.86	0.97	0.58	IT
CDW	0.43		-0.4	-0.76	0.32	0.07	0.77	0.56	0.5	0.84	CDW
CPAY	-0.58	-0.4		0.62	-0.22	0.63	-0.7	-0.48	-0.55	-0.61	CPAY
UMC	-0.6	-0.76	0.62		-0.25	0.33	-0.86	-0.66	-0.6	-0.81	UMC
LDOS	0.54	0.32	-0.22	-0.25		0.32	0.41	0.62	0.62	0.2	LDOS
J	-0.33	0.07	0.63	0.33	0.32		-0.33	-0.09	-0.19	-0.26	J
GDDY	0.85	0.77	-0.7	-0.86	0.41	-0.33		0.8	0.86	0.87	GDDY
WIT	0.86	0.56	-0.48	-0.66	0.62	-0.09	0.8		0.89	0.55	WIT
SSNC	0.97	0.5	-0.55	-0.6	0.62	-0.19	0.86	0.89		0.61	SSNC
LOGI	0.58	0.84	-0.61	-0.81	0.2	-0.26	0.87	0.55	0.61		LOGI
	IT	CDW	CPAY	UMC	LDOS	J	GDDY	WIT	SSNC	LOGI

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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

SSNC	+ 0.97	IT
SSNC	+ 0.89	WIT
LOGI	+ 0.87	GDDY
WIT	+ 0.86	IT
SSNC	+ 0.86	GDDY
GDDY	+ 0.85	IT

High negative correlations

GDDY	- 0.86	UMC
LOGI	- 0.81	UMC
UMC	- 0.76	CDW
GDDY	- 0.7	CPAY
WIT	- 0.66	UMC
LOGI	- 0.61	CPAY

Risk-Adjusted Indicators

There is a big difference between CGI Stock performing well and CGI 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 CGI'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
IT	2.26	(0.68)	0.00	(0.29)	0.00	0.00	4.33	(5.70)	26.20
CDW	1.37	(0.27)	0.00	(0.10)	0.00	0.00	2.30	(3.58)	15.48
CPAY	2.00	0.11	0.08	0.18	2.26	(2.18)	4.46	(4.15)	18.86
UMC	2.33	0.72	0.18	(0.68)	2.29	(2.69)	7.50	(3.78)	24.73
LDOS	1.55	(0.19)	0.00	(0.05)	0.00	0.00	3.51	(2.62)	17.71
J	1.55	(0.04)	0.01	0.09	1.99	(1.86)	3.54	(2.90)	15.45
GDDY	1.79	(0.61)	0.00	(0.67)	0.00	0.00	2.28	(4.48)	19.45
WIT	1.83	(0.32)	0.00	(0.22)	0.00	0.00	3.98	(4.60)	14.08
SSNC	1.26	(0.24)	0.00	(0.11)	0.00	0.00	2.83	(2.40)	13.44
LOGI	1.67	(0.34)	0.00	(0.15)	0.00	0.00	2.91	(5.11)	11.25

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