Gartner Correlations

IT Stock

USD 519.78 0.54 0.10%

The current 90-days correlation between Gartner and CGI Inc is 0.47 (i.e., Very weak diversification). The correlation of Gartner 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.

Gartner Correlation With Market

Poor diversification

The correlation between Gartner and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gartner 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 Gartner. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

For more information on how to buy Gartner Stock please use our How to Invest in Gartner guide.

Moving together with Gartner Stock

0.77	FI	Fiserv,	Pair Corr
0.61	VNET	VNET Group DRC	Pair Corr
0.64	WEBB	Web Global Holdings	Pair Corr
0.73	ACN	Accenture plc	Pair Corr
0.65	AUR	Aurora Innovation Buyout Trend	Pair Corr
0.75	FIS	Fidelity National	Pair Corr
0.75	GDS	GDS Holdings	Pair Corr
0.74	PSN	Parsons Corp	Pair Corr
0.72	UIS	Unisys	Pair Corr
0.76	WIT	Wipro Limited ADR	Pair Corr
0.75	GDYN	Grid Dynamics Holdings	Pair Corr
0.72	GLOB	Globant SA	Pair Corr
0.66	IBEX	IBEX	Pair Corr
0.69	LDOS	Leidos Holdings	Pair Corr
0.68	AUROW	Aurora Innovation Tech Boost	Pair Corr

Moving against Gartner Stock

0.73	GMM	Global Mofy Metaverse	Pair Corr
0.43	XRX	Xerox Corp	Pair Corr
0.69	BNAIW	Brand Engagement Network Symbol Change	Pair Corr
0.64	PSCO	ProtoSource	Pair Corr
0.61	TRIRF	Triterras	Pair Corr
0.6	NOTE	FiscalNote Holdings	Pair Corr

Related Correlations Analysis

	DTST	USIO	ARBB	NOTE	GIB	CTM	SLNH	HWNI	TTEC	CLPS
DTST		0.43	0.38	-0.3	-0.23	0.29	0.2	-0.24	-0.11	-0.36	DTST
USIO	0.43		0.06	0.07	-0.52	0.29	0.34	-0.24	-0.5	-0.74	USIO
ARBB	0.38	0.06		-0.73	-0.46	-0.13	0.37	-0.58	-0.01	-0.31	ARBB
NOTE	-0.3	0.07	-0.73		0.46	0.26	-0.02	0.75	-0.02	-0.02	NOTE
GIB	-0.23	-0.52	-0.46	0.46		0.07	-0.39	0.51	0.28	0.6	GIB
CTM	0.29	0.29	-0.13	0.26	0.07		-0.05	0.15	-0.29	-0.26	CTM
SLNH	0.2	0.34	0.37	-0.02	-0.39	-0.05		-0.21	0.17	-0.44	SLNH
HWNI	-0.24	-0.24	-0.58	0.75	0.51	0.15	-0.21		0.12	0.28	HWNI
TTEC	-0.11	-0.5	-0.01	-0.02	0.28	-0.29	0.17	0.12		0.4	TTEC
CLPS	-0.36	-0.74	-0.31	-0.02	0.6	-0.26	-0.44	0.28	0.4		CLPS
	DTST	USIO	ARBB	NOTE	GIB	CTM	SLNH	HWNI	TTEC	CLPS

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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

HWNI	+ 0.75	NOTE
CLPS	+ 0.6	GIB
HWNI	+ 0.51	GIB
GIB	+ 0.46	NOTE
USIO	+ 0.43	DTST
CLPS	+ 0.4	TTEC

High negative correlations

CLPS	- 0.74	USIO
NOTE	- 0.73	ARBB
HWNI	- 0.58	ARBB
GIB	- 0.52	USIO
TTEC	- 0.5	USIO
GIB	- 0.46	ARBB

Risk-Adjusted Indicators

There is a big difference between Gartner Stock performing well and Gartner 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 Gartner'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
DTST	3.25	0.02	0.02	0.13	5.62	(3.40)	7.47	(5.84)	43.14
USIO	1.53	(0.03)	(0.06)	(0.07)	1.77	(2.10)	3.70	(3.55)	9.09
ARBB	8.33	0.95	0.11	0.39	8.60	(12.39)	12.00	(14.55)	124.90
NOTE	2.79	(0.66)	0.00	(0.21)	0.00	0.00	6.03	(6.38)	20.02
GIB	0.80	(0.02)	(0.06)	0.08	1.29	(0.71)	1.39	(1.53)	6.77
CTM	2.33	0.10	(0.02)	(0.01)	3.21	(8.56)	6.25	(6.25)	33.19
SLNH	5.90	(0.74)	0.00	(0.04)	0.00	0.00	16.67	(10.00)	30.22
HWNI	4.17	(0.79)	0.00	(0.55)	0.00	0.00	10.13	(9.50)	24.79
TTEC	3.79	0.33	0.11	0.34	3.17	(5.12)	7.37	(4.94)	56.54
CLPS	3.11	0.49	0.08	(1.07)	3.38	(3.98)	10.23	(6.03)	24.69

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