Infosys Correlations

INFY Stock

USD 18.32 0.26 1.44%

The current 90-days correlation between Infosys Ltd ADR and Cognizant Technology Solutions is 0.42 (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

Weak diversification

The correlation between Infosys Ltd ADR and DJI is 0.35 (i.e., 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

0.88	DMRC	Digimarc	Pair Corr
0.88	VEEA	Veea Inc Symbol Change	Pair Corr
0.83	DTST	Data Storage Corp Earnings Call This Week	Pair Corr
0.79	EPAM	EPAM Systems	Pair Corr
0.83	DXC	DXC Technology	Pair Corr
0.75	FIS	Fidelity National	Pair Corr
0.85	PSN	Parsons Corp	Pair Corr
0.86	UIS	Unisys	Pair Corr
0.94	VYX	NCR Voyix	Pair Corr
0.77	WIT	Wipro Limited ADR	Pair Corr
0.71	GDYN	Grid Dynamics Holdings	Pair Corr
0.64	WYY	Widepoint C	Pair Corr
0.84	XRX	Xerox Corp	Pair Corr
0.9	GLOB	Globant SA	Pair Corr
0.71	HCKT	Hackett Group	Pair Corr

Moving against Infosys Stock

0.69	VNET	VNET Group DRC Earnings Call This Week	Pair Corr
0.67	GDS	GDS Holdings Earnings Call This Week	Pair Corr
0.54	G	Genpact Limited	Pair Corr
0.4	FI	Fiserv,	Pair Corr
0.33	CTM	Castellum	Pair Corr
0.69	IBEX	IBEX	Pair Corr
0.64	WNS	WNS Holdings	Pair Corr
0.52	IBM	International Business	Pair Corr
0.69	ARBB	ARB IOT Group	Pair Corr
0.63	MGIC	Magic Software Enter	Pair Corr
0.41	NYAX	Nayax	Pair Corr
0.39	INOD	Innodata	Pair Corr

Related Correlations Analysis

	CTSH	TWKS	WNS	CLVT	IT	BR	FISV	CDW	EPAM	IBM
CTSH		0.0	0.6	-0.23	0.34	0.78	0.0	0.36	0.25	0.83	CTSH
TWKS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TWKS
WNS	0.6	0.0		-0.33	0.1	0.69	0.0	0.23	-0.17	0.74	WNS
CLVT	-0.23	0.0	-0.33		0.7	-0.08	0.0	0.64	0.79	-0.52	CLVT
IT	0.34	0.0	0.1	0.7		0.48	0.0	0.89	0.81	0.05	IT
BR	0.78	0.0	0.69	-0.08	0.48		0.0	0.49	0.19	0.7	BR
FISV	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FISV
CDW	0.36	0.0	0.23	0.64	0.89	0.49	0.0		0.71	0.16	CDW
EPAM	0.25	0.0	-0.17	0.79	0.81	0.19	0.0	0.71		-0.17	EPAM
IBM	0.83	0.0	0.74	-0.52	0.05	0.7	0.0	0.16	-0.17		IBM
	CTSH	TWKS	WNS	CLVT	IT	BR	FISV	CDW	EPAM	IBM

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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

CDW	+ 0.89	IT
IBM	+ 0.83	CTSH
EPAM	+ 0.81	IT
EPAM	+ 0.79	CLVT
BR	+ 0.78	CTSH
IBM	+ 0.74	WNS

High negative correlations

IBM	- 0.52	CLVT
CLVT	- 0.33	WNS
CLVT	- 0.23	CTSH
IBM	- 0.17	EPAM
EPAM	- 0.17	WNS
BR	- 0.08	CLVT

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
CTSH	0.96	(0.02)	0.00	(0.11)	0.00	0.00	1.70	(3.08)	7.78
TWKS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WNS	1.84	0.56	0.26	0.33	1.66	(2.17)	4.57	(3.21)	26.44
CLVT	1.83	(0.26)	0.00	(0.61)	0.00	0.00	3.51	(4.06)	15.50
IT	1.15	(0.24)	0.00	(0.32)	0.00	0.00	1.90	(3.01)	5.12
BR	0.87	0.05	0.05	(0.01)	1.38	(0.81)	1.51	(2.63)	5.12
FISV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDW	1.27	(0.02)	0.00	(0.09)	0.00	0.00	2.47	(3.09)	7.33
EPAM	1.65	(0.45)	0.00	(0.43)	0.00	0.00	2.91	(4.75)	17.00
IBM	1.30	0.15	0.11	0.13	1.45	(1.48)	2.16	(3.09)	16.71

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