Gartner Correlations

IT Stock

USD 461.70 4.29 0.94%

The current 90-days correlation between Gartner and Science Applications International is 0.18 (i.e., Average 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 0.66 (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

0.65	KD	Kyndryl Holdings	Pair Corr
0.76	EPAM	EPAM Systems	Pair Corr
0.8	ACN	Accenture plc Earnings Call This Week	Pair Corr
0.76	DXC	DXC Technology	Pair Corr
0.78	GIB	CGI Inc	Pair Corr
0.62	UIS	Unisys	Pair Corr
0.74	WIT	Wipro Limited ADR	Pair Corr
0.68	GDYN	Grid Dynamics Holdings	Pair Corr
0.67	HCKT	Hackett Group	Pair Corr

Moving against Gartner Stock

0.44	JZ	Jianzhi Education	Pair Corr
0.35	CTM	Castellum Earnings Call This Week	Pair Corr
0.5	SAIH	SAIHEAT Limited Symbol Change	Pair Corr
0.41	ARBB	ARB IOT Group	Pair Corr

Related Correlations Analysis

	SAIC	LDOS	EXLS	PSN	CLVT	CTSH	CACI	BR	FISV	FIS
SAIC		0.94	-0.44	0.85	0.62	-0.72	0.97	-0.55	0.0	0.69	SAIC
LDOS	0.94		-0.32	0.88	0.73	-0.63	0.97	-0.38	0.0	0.79	LDOS
EXLS	-0.44	-0.32		-0.37	0.08	0.76	-0.41	0.82	0.0	-0.19	EXLS
PSN	0.85	0.88	-0.37		0.8	-0.61	0.85	-0.49	0.0	0.84	PSN
CLVT	0.62	0.73	0.08	0.8		-0.3	0.65	-0.07	0.0	0.81	CLVT
CTSH	-0.72	-0.63	0.76	-0.61	-0.3		-0.75	0.79	0.0	-0.48	CTSH
CACI	0.97	0.97	-0.41	0.85	0.65	-0.75		-0.5	0.0	0.72	CACI
BR	-0.55	-0.38	0.82	-0.49	-0.07	0.79	-0.5		0.0	-0.24	BR
FISV	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	FISV
FIS	0.69	0.79	-0.19	0.84	0.81	-0.48	0.72	-0.24	0.0		FIS
	SAIC	LDOS	EXLS	PSN	CLVT	CTSH	CACI	BR	FISV	FIS

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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

CACI	+ 0.97	SAIC
CACI	+ 0.97	LDOS
LDOS	+ 0.94	SAIC
PSN	+ 0.88	LDOS
PSN	+ 0.85	SAIC
CACI	+ 0.85	PSN

High negative correlations

CACI	- 0.75	CTSH
CTSH	- 0.72	SAIC
CTSH	- 0.63	LDOS
CTSH	- 0.61	PSN
BR	- 0.55	SAIC
BR	- 0.5	CACI

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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SAIC	1.41	(0.14)	(0.88)	2.48	(4.16)	13.67
LDOS	1.34	(0.23)	(0.76)	2.53	(4.13)	11.05
EXLS	1.09	0.11	(0.01)	2.09	(2.63)	10.29
PSN	1.69	(0.71)	(1.54)	2.54	(4.93)	13.43
CLVT	1.77	(0.42)	(1.04)	3.51	(4.06)	15.50
CTSH	0.94	0.02	(0.07)	1.70	(3.05)	7.78
CACI	1.90	(0.24)	(0.85)	3.54	(4.30)	13.03
BR	0.85	0.03	(0.06)	1.49	(2.63)	5.12
FISV	0.00	0.00	0.00	0.00	0.00	0.00
FIS	1.17	(0.23)	(0.91)	1.94	(3.19)	13.86

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