Infosys Correlations

INFY Stock

USD 21.96 0.03 0.14%

The current 90-days correlation between Infosys Ltd ADR and Gartner is 0.55 (i.e., Very weak diversification). The correlation of Infosys 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Infosys Correlation With Market

Very weak diversification

The correlation between Infosys Ltd ADR and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infosys Ltd ADR 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 Infosys Ltd ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Infosys Stock

0.72

XRX

Xerox Corp

Pair Corr

Moving against Infosys Stock

0.63	SAIHW	SAIHEAT Limited Symbol Change	Pair Corr
0.59	FI	Fiserv, Sell-off Trend	Pair Corr
0.58	DMRC	Digimarc	Pair Corr
0.49	WEBB	Web Global Holdings	Pair Corr
0.44	FIS	Fidelity National	Pair Corr
0.43	GDS	GDS Holdings	Pair Corr
0.33	AUR	Aurora Innovation	Pair Corr
0.57	LDOS	Leidos Holdings	Pair Corr
0.53	UIS	Unisys	Pair Corr
0.51	GDYN	Grid Dynamics Holdings	Pair Corr
0.44	AUROW	Aurora Innovation	Pair Corr
0.41	GLOB	Globant SA	Pair Corr
0.39	PSN	Parsons Corp	Pair Corr
0.38	WIT	Wipro Limited ADR	Pair Corr

Related Correlations Analysis

	WNS	CLVT	IT	BR	CDW	EPAM	IBM	FIS	JKHY
WNS		0.03	-0.58	-0.44	0.27	0.15	-0.72	-0.82	-0.83	WNS
CLVT	0.03		-0.56	-0.76	0.78	-0.89	0.15	-0.29	0.11	CLVT
IT	-0.58	-0.56		0.79	-0.4	0.51	0.62	0.77	0.57	IT
BR	-0.44	-0.76	0.79		-0.62	0.73	0.38	0.58	0.32	BR
CDW	0.27	0.78	-0.4	-0.62		-0.64	0.19	-0.44	-0.05	CDW
EPAM	0.15	-0.89	0.51	0.73	-0.64		-0.13	0.14	-0.27	EPAM
IBM	-0.72	0.15	0.62	0.38	0.19	-0.13		0.54	0.7	IBM
FIS	-0.82	-0.29	0.77	0.58	-0.44	0.14	0.54		0.81	FIS
JKHY	-0.83	0.11	0.57	0.32	-0.05	-0.27	0.7	0.81		JKHY
	WNS	CLVT	IT	BR	CDW	EPAM	IBM	FIS	JKHY

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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

JKHY	+ 0.81	FIS
BR	+ 0.79	IT
CDW	+ 0.78	CLVT
FIS	+ 0.77	IT
EPAM	+ 0.73	BR
JKHY	+ 0.7	IBM

High negative correlations

EPAM	- 0.89	CLVT
JKHY	- 0.83	WNS
FIS	- 0.82	WNS
BR	- 0.76	CLVT
IBM	- 0.72	WNS
EPAM	- 0.64	CDW

Risk-Adjusted Indicators

There is a big difference between Infosys Stock performing well and Infosys 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 Infosys' 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
WNS	1.60	(0.30)	0.00	(0.25)	0.00	0.00	2.95	(3.12)	13.48
CLVT	2.16	(0.16)	0.00	0.19	0.00	0.00	4.12	(3.78)	31.28
IT	0.82	0.00	0.01	0.09	1.07	(0.78)	1.37	(2.06)	7.23
BR	0.67	0.07	0.04	0.23	0.60	(0.77)	1.66	(1.26)	5.12
CDW	1.42	(0.46)	0.00	(0.22)	0.00	0.00	2.02	(3.50)	14.62
EPAM	1.49	0.15	0.11	0.21	1.36	(1.75)	3.03	(2.49)	18.82
IBM	0.92	0.08	0.04	0.19	1.37	(0.88)	2.07	(1.70)	8.66
FIS	0.77	0.11	0.05	0.48	0.96	(0.79)	1.44	(1.35)	5.40
JKHY	0.84	0.05	(0.03)	(4.95)	1.00	(0.85)	1.83	(1.51)	5.31

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