Gartner Correlations

IT Stock

USD 239.37 2.34 0.99%

The current 90-days correlation between Gartner and CGI Inc is 0.55 (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

Weak diversification

The correlation between Gartner and DJI is 0.33 (i.e., Weak 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.

Build AI portfolio with Gartner Stock

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 persons.

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

Moving together with Gartner Stock

0.62

SAIC

Science Applications

Pair Corr

Moving against Gartner Stock

0.64	300605	HengFeng Information	Pair Corr
0.39	300168	Wonders Information	Pair Corr
0.53	301390	Hangzhou Gisway Info	Pair Corr
0.49	000555	Digital China Information	Pair Corr
0.43	300300	Strait Innovation	Pair Corr
0.43	UBXG	U BX Technology	Pair Corr
0.4	300588	Xinjiang Sailing Inf	Pair Corr
0.34	300525	Fujian Boss Software	Pair Corr
0.51	ERHE	ERHC Energy	Pair Corr
0.48	CICOY	COSCO SHIPPING Holdings	Pair Corr
0.47	NMRD	Nemaura Medical	Pair Corr
0.32	PLTK	Playtika Holding Corp	Pair Corr

Related Correlations Analysis

	GIB	CDW	CPAY	J	UMC	GDDY	LDOS	LOGI	FTV	TRMB
GIB		-0.2	0.79	-0.54	0.7	-0.25	-0.38	-0.48	0.66	0.42	GIB
CDW	-0.2		-0.33	0.69	-0.2	0.66	0.35	0.31	-0.62	0.25	CDW
CPAY	0.79	-0.33		-0.67	0.64	-0.43	-0.46	-0.36	0.76	0.49	CPAY
J	-0.54	0.69	-0.67		-0.49	0.71	0.56	0.3	-0.84	-0.2	J
UMC	0.7	-0.2	0.64	-0.49		-0.3	-0.45	-0.14	0.68	0.57	UMC
GDDY	-0.25	0.66	-0.43	0.71	-0.3		0.71	0.36	-0.66	0.14	GDDY
LDOS	-0.38	0.35	-0.46	0.56	-0.45	0.71		0.57	-0.43	0.1	LDOS
LOGI	-0.48	0.31	-0.36	0.3	-0.14	0.36	0.57		-0.15	0.34	LOGI
FTV	0.66	-0.62	0.76	-0.84	0.68	-0.66	-0.43	-0.15		0.4	FTV
TRMB	0.42	0.25	0.49	-0.2	0.57	0.14	0.1	0.34	0.4		TRMB
	GIB	CDW	CPAY	J	UMC	GDDY	LDOS	LOGI	FTV	TRMB

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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

CPAY	+ 0.79	GIB
FTV	+ 0.76	CPAY
GDDY	+ 0.71	J
LDOS	+ 0.71	GDDY
UMC	+ 0.7	GIB
J	+ 0.69	CDW

High negative correlations

FTV	- 0.84	J
J	- 0.67	CPAY
FTV	- 0.66	GDDY
FTV	- 0.62	CDW
J	- 0.54	GIB
UMC	- 0.49	J

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
GIB	0.89	0.00	(0.01)	0.05	1.50	(0.84)	1.62	(1.96)	10.29
CDW	1.31	(0.34)	0.00	(0.18)	0.00	0.00	1.92	(3.29)	10.43
CPAY	1.38	0.00	0.01	0.06	1.87	(1.46)	3.76	(3.57)	8.99
J	1.36	(0.22)	0.00	(0.09)	0.00	0.00	2.67	(2.84)	15.57
UMC	1.40	0.01	0.00	0.07	2.06	(1.29)	2.76	(3.14)	12.21
GDDY	1.09	(0.25)	0.00	(0.33)	0.00	0.00	1.71	(3.27)	8.52
LDOS	1.09	(0.09)	0.00	(0.05)	0.00	0.00	2.11	(2.43)	6.28
LOGI	1.56	(0.20)	0.00	(0.08)	0.00	0.00	3.08	(4.56)	10.55
FTV	0.91	0.14	0.12	0.22	0.92	(1.05)	2.11	(1.41)	5.25
TRMB	1.27	(0.15)	0.00	(0.03)	0.00	0.00	2.51	(2.74)	9.57

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