CGI Correlations

GIB Stock

USD 92.47 1.44 1.58%

The current 90-days correlation between CGI Inc and Gartner is 0.58 (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

Weak diversification

The correlation between CGI Inc and DJI is 0.34 (i.e., Weak 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

0.78	ACN	Accenture plc	Pair Corr
0.77	DXC	DXC Technology	Pair Corr
0.78	WIT	Wipro Limited ADR	Pair Corr
0.66	INFY	Infosys Ltd ADR	Pair Corr
0.62	NXDR	NXDR Symbol Change	Pair Corr
0.72	SAIC	Science Applications	Pair Corr
0.61	FORTY	Formula Systems 1985	Pair Corr
0.65	CTSH	Cognizant Technology	Pair Corr

Moving against CGI Stock

0.7	600764	China Marine Information	Pair Corr
0.69	300168	Wonders Information	Pair Corr
0.61	300608	SI TECH Information	Pair Corr
0.57	DVLT	Datavault AI Symbol Change	Pair Corr
0.36	LDOS	Leidos Holdings	Pair Corr
0.76	301390	Hangzhou Gisway Info	Pair Corr
0.71	301311	KSEC Intelligent Tec	Pair Corr
0.53	301299	Sublime China Information	Pair Corr
0.49	UBXG	U BX Technology	Pair Corr
0.47	301236	iSoftStone Information	Pair Corr
0.47	002065	Dhc Software	Pair Corr
0.33	000555	Digital China Information	Pair Corr
0.64	NMRD	Nemaura Medical	Pair Corr
0.6	301178	Guangdong TianYiMa	Pair Corr
0.39	LUMN	Lumen Technologies	Pair Corr
0.37	FSTF	First State Financial	Pair Corr

Related Correlations Analysis

	IT	CDW	CPAY	UMC	LDOS	J	GDDY	WIT	SSNC	LOGI
IT		0.44	0.15	0.26	-0.13	0.19	0.21	0.22	0.28	-0.42	IT
CDW	0.44		-0.35	-0.21	0.31	0.69	0.67	-0.47	-0.24	0.37	CDW
CPAY	0.15	-0.35		0.64	-0.42	-0.67	-0.46	0.82	0.64	-0.38	CPAY
UMC	0.26	-0.21	0.64		-0.43	-0.49	-0.32	0.79	0.63	-0.15	UMC
LDOS	-0.13	0.31	-0.42	-0.43		0.53	0.62	-0.58	-0.01	0.5	LDOS
J	0.19	0.69	-0.67	-0.49	0.53		0.71	-0.67	-0.55	0.31	J
GDDY	0.21	0.67	-0.46	-0.32	0.62	0.71		-0.59	-0.17	0.43	GDDY
WIT	0.22	-0.47	0.82	0.79	-0.58	-0.67	-0.59		0.59	-0.47	WIT
SSNC	0.28	-0.24	0.64	0.63	-0.01	-0.55	-0.17	0.59		-0.1	SSNC
LOGI	-0.42	0.37	-0.38	-0.15	0.5	0.31	0.43	-0.47	-0.1		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

WIT	+ 0.82	CPAY
WIT	+ 0.79	UMC
GDDY	+ 0.71	J
J	+ 0.69	CDW
GDDY	+ 0.67	CDW
UMC	+ 0.64	CPAY

High negative correlations

WIT	- 0.67	J
J	- 0.67	CPAY
WIT	- 0.59	GDDY
WIT	- 0.58	LDOS
SSNC	- 0.55	J
J	- 0.49	UMC

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	1.48	(0.14)	0.00	(0.05)	0.00	0.00	4.38	(4.35)	15.43
CDW	1.32	(0.35)	0.00	(0.18)	0.00	0.00	1.92	(3.29)	10.43
CPAY	1.41	0.03	0.03	0.09	1.82	(1.50)	3.76	(3.57)	8.99
UMC	1.38	0.02	0.00	0.10	2.02	(1.29)	2.76	(3.14)	12.21
LDOS	1.17	(0.04)	(0.03)	0.04	1.38	(1.25)	2.51	(2.43)	6.28
J	1.37	(0.24)	0.00	(0.08)	0.00	0.00	2.67	(2.84)	15.57
GDDY	1.04	(0.21)	0.00	(0.26)	0.00	0.00	1.71	(2.33)	9.52
WIT	1.11	0.10	0.04	0.34	1.02	(1.49)	2.26	(2.05)	9.01
SSNC	1.03	(0.07)	(0.05)	0.01	1.34	(1.04)	2.14	(2.46)	7.41
LOGI	1.57	(0.24)	0.00	(0.10)	0.00	0.00	3.08	(4.56)	10.55

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