Infosys Correlations

I1FO34 Stock  BRL 60.16  2.19  3.51%   
The current 90-days correlation between Infosys Limited and Applied Materials, is 0.11 (i.e., Average 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.

Infosys Correlation With Market

Good diversification

The correlation between Infosys Limited and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Infosys Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Infosys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Infosys when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Infosys - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Infosys Limited to buy it.

Moving together with Infosys Stock

  0.72F1NI34 Fidelity NationalPairCorr
  0.7D1XC34 DXC TechnologyPairCorr

Moving against Infosys Stock

  0.79SHUL4 Schulz SAPairCorr
  0.78RPMG3 Refinaria de PetrleosPairCorr
  0.72BMKS3 Bicicletas MonarkPairCorr
  0.58CTSH34 Cognizant TechnologyPairCorr
  0.57IBMB34 International BusinessPairCorr
  0.56NMRH34 Nomura HoldingsPairCorr
  0.45M1UF34 Mitsubishi UFJ FinancialPairCorr
  0.43F1IS34 Fiserv IncPairCorr
  0.39CXTL11 Fundo De InvestimentoPairCorr
  0.37SNEC34 Sony GroupPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
RSUL4BROF11
CLOV34BROF11
V1MC34M1LC34
LEVE3TTEN3
LEVE3BROF11
CLOV34TTEN3
  
High negative correlations   
CLOV34M1LC34
RSUL4V1MC34
BROF11M1LC34
V1MC34BROF11
CLOV34V1MC34
RSUL4M1LC34

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Infosys without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Financial Widgets Now

   

Financial Widgets

Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets
All  Next Launch Module

Infosys Corporate Management

Elected by the shareholders, the Infosys' board of directors comprises two types of representatives: Infosys inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Infosys. The board's role is to monitor Infosys' management team and ensure that shareholders' interests are well served. Infosys' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Infosys' outside directors are responsible for providing unbiased perspectives on the board's policies.