Gartner Correlations

IT Stock

USD 232.00 4.58 1.94%

The current 90-days correlation between Gartner and CGI Inc is 0.61 (i.e., Poor 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

Modest diversification

The correlation between Gartner and DJI is 0.24 (i.e., Modest 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 producer price index.

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

Moving together with Gartner Stock

0.63

300468

Shenzhen Forms Syntron

Pair Corr

Moving against Gartner Stock

0.6	300605	HengFeng Information	Pair Corr
0.54	301390	Hangzhou Gisway Info	Pair Corr
0.34	300608	SI TECH Information	Pair Corr
0.32	300168	Wonders Information	Pair Corr
0.46	002065	Dhc Software	Pair Corr
0.34	REM	Remsense Technologies	Pair Corr

Related Correlations Analysis

	GIB	CDW	CPAY	J	UMC	GDDY	LDOS	LOGI	FTV	TRMB
GIB		-0.35	0.78	-0.57	0.22	-0.35	-0.16	-0.52	0.83	0.3	GIB
CDW	-0.35		-0.63	0.58	-0.66	0.8	-0.19	0.79	-0.58	0.59	CDW
CPAY	0.78	-0.63		-0.65	0.6	-0.71	0.01	-0.71	0.85	-0.08	CPAY
J	-0.57	0.58	-0.65		-0.29	0.42	0.4	0.48	-0.79	0.06	J
UMC	0.22	-0.66	0.6	-0.29		-0.84	0.12	-0.71	0.39	-0.67	UMC
GDDY	-0.35	0.8	-0.71	0.42	-0.84		-0.17	0.86	-0.51	0.65	GDDY
LDOS	-0.16	-0.19	0.01	0.4	0.12	-0.17		-0.04	-0.19	-0.07	LDOS
LOGI	-0.52	0.79	-0.71	0.48	-0.71	0.86	-0.04		-0.55	0.55	LOGI
FTV	0.83	-0.58	0.85	-0.79	0.39	-0.51	-0.19	-0.55		0.05	FTV
TRMB	0.3	0.59	-0.08	0.06	-0.67	0.65	-0.07	0.55	0.05		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

LOGI	+ 0.86	GDDY
FTV	+ 0.85	CPAY
FTV	+ 0.83	GIB
GDDY	+ 0.8	CDW
LOGI	+ 0.79	CDW
CPAY	+ 0.78	GIB

High negative correlations

GDDY	- 0.84	UMC
FTV	- 0.79	J
LOGI	- 0.71	UMC
LOGI	- 0.71	CPAY
GDDY	- 0.71	CPAY
TRMB	- 0.67	UMC

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	1.00	(0.05)	(0.03)	0.02	1.58	(0.99)	1.97	(2.15)	10.29
CDW	1.37	(0.42)	0.00	(0.21)	0.00	0.00	2.31	(3.34)	10.15
CPAY	1.58	0.09	0.06	0.13	1.81	(1.77)	3.76	(3.06)	11.04
J	1.19	(0.29)	0.00	(0.17)	0.00	0.00	2.18	(2.47)	12.89
UMC	2.11	0.89	0.34	(1.15)	1.48	(2.40)	7.50	(3.15)	19.22
GDDY	1.13	(0.41)	0.00	(0.60)	0.00	0.00	1.77	(2.69)	9.52
LDOS	1.11	(0.06)	(0.06)	(0.01)	1.33	(1.19)	2.11	(2.25)	9.17
LOGI	1.51	(0.29)	0.00	(0.25)	0.00	0.00	2.58	(4.49)	10.55
FTV	1.06	0.06	0.04	0.13	1.32	(1.16)	2.40	(2.36)	8.01
TRMB	1.35	(0.30)	0.00	(0.10)	0.00	0.00	2.64	(3.70)	9.57

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