Correlation Analysis Between Visa and Genpact

This module allows you to analyze existing cross correlation between Visa and Genpact Limited. You can compare the effects of market volatilities on Visa and Genpact and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Visa with a short position of Genpact. See also your portfolio center. Please also check ongoing floating volatility patterns of Visa and Genpact.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

Visa  
33

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Visa are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. Inspite fairly stable primary indicators, Visa is not utilizing all of its potentials. The continuing stock price fuss, may contribute to near short-term losses for the directors.
Genpact Limited  
00

Risk-Adjusted Performance

Over the last 30 days Genpact Limited has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Genpact is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders.

Visa and Genpact Volatility Contrast

 Predicted Return Density 
      Returns 

Visa Inc  vs.  Genpact Limited

 Performance (%) 
      Timeline 

Pair Volatility

Taking into account the 30 trading days horizon, Visa is expected to generate 1.03 times more return on investment than Genpact. However, Visa is 1.03 times more volatile than Genpact Limited. It trades about 0.05 of its potential returns per unit of risk. Genpact Limited is currently generating about 0.01 per unit of risk. If you would invest  17,302  in Visa on October 13, 2019 and sell it today you would earn a total of  672.00  from holding Visa or generate 3.88% return on investment over 30 days.

Pair Corralation between Visa and Genpact

0.71
Time Period3 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for Visa and Genpact

Visa Inc diversification synergy

Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Visa Inc and Genpact Limited in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Genpact Limited and Visa is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Visa are associated (or correlated) with Genpact. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Genpact Limited has no effect on the direction of Visa i.e. Visa and Genpact go up and down completely randomly.
See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.


 
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