Infosys Correlations

INFY Stock

USD 16.14 0.44 2.65%

The current 90-days correlation between Infosys Ltd ADR and Cognizant Technology Solutions is 0.75 (i.e., Poor 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

Good diversification

The correlation between Infosys Ltd ADR and DJI is -0.07 (i.e., Good 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.

Build AI portfolio with Infosys Stock

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

0.96	IT	Gartner Earnings Call This Week	Pair Corr
0.93	KD	Kyndryl Holdings	Pair Corr
0.91	DMRC	Digimarc	Pair Corr
0.86	VEEA	Veea Inc Symbol Change	Pair Corr
0.88	DTST	Data Storage Corp	Pair Corr
0.83	VRRM	Verra Mobility Corp	Pair Corr
0.95	EPAM	EPAM Systems	Pair Corr
0.83	EXLS	ExlService Holdings	Pair Corr
0.95	ACN	Accenture plc	Pair Corr
0.96	DXC	DXC Technology	Pair Corr
0.84	GIB	CGI Inc Earnings Call Next Week	Pair Corr
0.64	GMM	Global Mofy Metaverse	Pair Corr
0.68	JFU	9F Inc	Pair Corr
0.68	PSN	Parsons Corp Earnings Call Next Week	Pair Corr
0.86	UIS	Unisys	Pair Corr
0.98	VYX	NCR Voyix	Pair Corr
0.95	WIT	Wipro Limited ADR	Pair Corr
0.97	GDYN	Grid Dynamics Holdings	Pair Corr
0.8	WYY	Widepoint C	Pair Corr
0.95	XRX	Xerox Corp	Pair Corr
0.94	GLOB	Globant SA	Pair Corr
0.92	HCKT	Hackett Group	Pair Corr
0.88	JDZG	JIADE LIMITED Common	Pair Corr

Moving against Infosys Stock

0.44	GLE	Global Engine Group	Pair Corr
0.74	III	Information Services Earnings Call This Week	Pair Corr
0.62	WNS	WNS Holdings Earnings Call This Week	Pair Corr

Related Correlations Analysis

	CTSH	TWKS	WNS	CLVT	IT	BR	FISV	CDW	EPAM	IBM
CTSH		0.0	-0.38	0.65	0.78	0.46	0.0	0.71	0.79	0.65	CTSH
TWKS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TWKS
WNS	-0.38	0.0		-0.48	-0.54	0.15	0.0	-0.48	-0.48	0.11	WNS
CLVT	0.65	0.0	-0.48		0.94	0.31	0.0	0.95	0.92	0.0	CLVT
IT	0.78	0.0	-0.54	0.94		0.35	0.0	0.95	0.96	0.18	IT
BR	0.46	0.0	0.15	0.31	0.35		0.0	0.38	0.38	0.38	BR
FISV	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	FISV
CDW	0.71	0.0	-0.48	0.95	0.95	0.38	0.0		0.95	0.13	CDW
EPAM	0.79	0.0	-0.48	0.92	0.96	0.38	0.0	0.95		0.19	EPAM
IBM	0.65	0.0	0.11	0.0	0.18	0.38	0.0	0.13	0.19		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

EPAM	+ 0.96	IT
CDW	+ 0.95	CLVT
CDW	+ 0.95	IT
EPAM	+ 0.95	CDW
IT	+ 0.94	CLVT
EPAM	+ 0.92	CLVT

High negative correlations

IT	- 0.54	WNS
EPAM	- 0.48	WNS
CDW	- 0.48	WNS
CLVT	- 0.48	WNS
WNS	- 0.38	CTSH
IBM	- 0.0	FISV

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	1.33	(0.16)	0.00	1.80	0.00	0.00	1.94	(3.60)	14.31
TWKS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WNS	2.32	0.84	0.39	0.45	1.69	(3.12)	5.63	(3.53)	27.01
CLVT	2.52	(0.63)	0.00	1.05	0.00	0.00	3.81	(7.10)	26.67
IT	1.49	(0.34)	0.00	3.75	0.00	0.00	2.02	(3.47)	11.06
BR	1.09	0.17	0.11	0.01	1.78	(1.05)	1.79	(2.63)	8.62
FISV	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CDW	1.70	(0.11)	0.00	(0.28)	0.00	0.00	2.17	(3.92)	17.22
EPAM	2.14	(0.60)	0.00	(10.73)	0.00	0.00	2.91	(7.21)	18.93
IBM	1.56	0.14	0.18	(1.11)	1.83	(1.69)	2.58	(3.09)	19.54

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