Accenture Plc Correlations

Stocks . Germany . 
Stock . Accenture plc
CSA Stock  EUR 239.60  4.90  2.00%   
The current 90-days correlation between Accenture plc and Delta Air Lines is 0.09 (i.e., Significant diversification). The correlation of Accenture Plc 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.

Accenture Plc Correlation With Market

Average diversification

The correlation between Accenture plc and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accenture plc and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Accenture Plc could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accenture Plc 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 Accenture Plc - 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 Accenture plc to buy it.

Moving together with Accenture Stock

  0.67CGM Capgemini SE Earnings Call This WeekPairCorr
  0.8COZ Cognizant Technology Earnings Call This WeekPairCorr
  0.69FUJA FUJITSU LTD ADRPairCorr
  0.61BYRA PT Bank Rakyat Earnings Call This WeekPairCorr
  0.63PQ9 PT Bank Mandiri Earnings Call This WeekPairCorr
  0.7BZG2 PT Bank Central Earnings Call This WeekPairCorr

Moving against Accenture Stock

  0.67SSUN Samsung Electronics Earnings Call This WeekPairCorr
  0.61SSU Samsung Electronics Earnings Call This WeekPairCorr
  0.61SSU Samsung Electronics Earnings Call This WeekPairCorr
  0.57SSUN Samsung Electronics Earnings Call This WeekPairCorr
  0.32IBM International BusinessPairCorr
  0.31IBM International BusinessPairCorr
  0.710M7 COFCO Joycome FoodsPairCorr
  0.67UGI Sugi Holdings CoLtdPairCorr
  0.559XJ DETALION GAMES SAPairCorr
  0.51KBIA KB Financial GroupPairCorr
  0.47TUI1 TUI AGPairCorr
  0.41TQR Beijing Tong RenPairCorr
  0.4MSF Microsoft Earnings Call This WeekPairCorr

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   
VIP
+ 0.87
12P
VIP
+ 0.86
1IZ1
VIP
+ 0.85
OYC
12P
+ 0.84
OYC
1IZ1
+ 0.82
OYC
12P
+ 0.79
1IZ1
  
High negative correlations   
10N
- 0.34
4OQ1
10N
- 0.13
1IZ1
KEC
- 0.1
10N
10N
- 0.09
12P
10N
- 0.05
VIP
10N
- 0.05
OYC

Risk-Adjusted Indicators

There is a big difference between Accenture Stock performing well and Accenture Plc 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 Accenture Plc'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Accenture Plc 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 Analyst Advice Now

   

Analyst Advice

Analyst recommendations and target price estimates broken down by several categories
All  Next Launch Module

Accenture Plc Corporate Management

Elected by the shareholders, the Accenture Plc's board of directors comprises two types of representatives: Accenture Plc inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Accenture. The board's role is to monitor Accenture Plc's management team and ensure that shareholders' interests are well served. Accenture Plc's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Accenture Plc's outside directors are responsible for providing unbiased perspectives on the board's policies.
Paul DaughertyGroup CTOProfile
Manish SharmaChief OfficerProfile
Angie ParkManaging RelationsProfile
Gianfranco CasatiChairman MarketsProfile
Melissa BurgumChief ControllerProfile
Kathleen McClureChief OfficerProfile
JeanMarc OllagnierChief EuropeProfile
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2025 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY