CGI Correlations

GIB Stock

USD 99.51 0.91 0.91%

The current 90-days correlation between CGI Inc and CACI International is 0.09 (i.e., Significant diversification). The correlation of CGI 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.

CGI Correlation With Market

Very weak diversification

The correlation between CGI Inc and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CGI Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with CGI Stock

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in CGI Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with CGI Stock

0.76	IT	Gartner	Pair Corr
0.7	EXLS	ExlService Holdings	Pair Corr
0.84	ACN	Accenture plc Sell-off Trend	Pair Corr

Moving against CGI Stock

0.79	WNS	WNS Holdings	Pair Corr
0.59	VNET	VNET Group DRC Tech Boost	Pair Corr
0.52	GDS	GDS Holdings	Pair Corr
0.41	PSN	Parsons Corp	Pair Corr
0.36	GLE	Global Engine Group Tech Boost	Pair Corr
0.32	G	Genpact Limited	Pair Corr
0.73	DAICW	CID HoldCo, Warrants	Pair Corr
0.51	NTRP	NextTrip	Pair Corr
0.49	SLNHP	Soluna Holdings Preferred	Pair Corr
0.47	MGIC	Magic Software Enter	Pair Corr
0.37	INOD	Innodata	Pair Corr
0.37	BNAIW	Brand Engagement Network	Pair Corr
0.35	LDOS	Leidos Holdings	Pair Corr

Related Correlations Analysis

	G	CACI	EXLS	ASGN	OTEX	GIB-A	DSGX	GIL
G		-0.03	-0.14	0.15	-0.54	-0.2	-0.09	-0.42	G
CACI	-0.03		-0.24	-0.42	0.56	-0.3	0.05	0.74	CACI
EXLS	-0.14	-0.24		0.31	-0.05	0.67	0.14	-0.08	EXLS
ASGN	0.15	-0.42	0.31		-0.54	0.55	0.26	-0.53	ASGN
OTEX	-0.54	0.56	-0.05	-0.54		-0.21	-0.06	0.8	OTEX
GIB-A	-0.2	-0.3	0.67	0.55	-0.21		0.42	-0.28	GIB-A
DSGX	-0.09	0.05	0.14	0.26	-0.06	0.42		0.18	DSGX
GIL	-0.42	0.74	-0.08	-0.53	0.8	-0.28	0.18		GIL
	G	CACI	EXLS	ASGN	OTEX	GIB-A	DSGX	GIL

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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

GIL	+ 0.8	OTEX
GIL	+ 0.74	CACI
GIB-A	+ 0.67	EXLS
OTEX	+ 0.56	CACI
GIB-A	+ 0.55	ASGN
DSGX	+ 0.42	GIB-A

High negative correlations

OTEX	- 0.54	ASGN
OTEX	- 0.54	G
GIL	- 0.53	ASGN
ASGN	- 0.42	CACI
GIL	- 0.42	G
GIB-A	- 0.3	CACI

Risk-Adjusted Indicators

There is a big difference between CGI Stock performing well and CGI 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 CGI'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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
G	1.33	(0.16)	0.00	(0.08)	0.00	0.00	2.55	(2.12)	17.95
CACI	1.33	0.15	0.04	0.50	1.63	(1.43)	2.88	(2.89)	12.26
EXLS	1.34	(0.01)	0.00	0.15	0.00	0.00	2.06	(3.79)	14.09
ASGN	1.84	(0.26)	0.00	3.14	0.00	0.00	3.49	(3.88)	13.51
OTEX	1.15	0.06	0.03	0.20	1.57	(1.21)	2.51	(2.62)	8.40
GIB-A	0.74	(0.08)	0.00	1.03	0.00	0.00	1.50	(1.61)	4.51
DSGX	1.31	(0.07)	(0.03)	0.07	2.58	(1.28)	2.64	(2.16)	17.43
GIL	1.28	0.24	0.17	0.37	1.06	(1.46)	3.27	(1.91)	10.73

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