Accenture Plc Correlations

ACN Stock

USD 247.65 2.16 0.86%

The current 90-days correlation between Accenture plc and Cisco Systems is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Accenture Plc moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Accenture plc moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Accenture Plc Correlation With Market

Very weak diversification

The correlation between Accenture plc and DJI is 0.58 (i.e., Very weak 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.

Build AI portfolio with Accenture Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Accenture plc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

To learn how to invest in Accenture Stock, please use our How to Invest in Accenture Plc guide.

Moving together with Accenture Stock

0.65	RSSOFTWARE	R S Software Earnings Call Tomorrow	Pair Corr
0.7	RAMP	Liveramp Holdings	Pair Corr

Moving against Accenture Stock

0.61	LDOS	Leidos Holdings	Pair Corr
0.49	DIGISPICE	DiGiSPICE Technologies	Pair Corr
0.49	DUG	DUG Technology	Pair Corr
0.42	TERASOFT	Tera Software Limited	Pair Corr
0.32	300588	Xinjiang Sailing Inf	Pair Corr
0.53	KYP	Kinatico	Pair Corr
0.48	DTL	Data 3	Pair Corr
0.44	GRAB	Grab Holdings Aggressive Push	Pair Corr
0.39	REM	Remsense Technologies	Pair Corr
0.32	301178	Guangdong TianYiMa	Pair Corr

Related Correlations Analysis

	CSCO	CRM	SAP	MU	INTU	APP	UBER	SHOP	ANET
CSCO		-0.09	0.38	0.45	-0.05	0.17	-0.09	0.57	0.35	CSCO
CRM	-0.09		0.35	-0.21	0.45	-0.43	-0.37	-0.39	-0.5	CRM
SAP	0.38	0.35		-0.39	0.75	-0.66	-0.68	-0.27	-0.53	SAP
MU	0.45	-0.21	-0.39		-0.58	0.81	0.5	0.82	0.76	MU
INTU	-0.05	0.45	0.75	-0.58		-0.66	-0.66	-0.64	-0.76	INTU
APP	0.17	-0.43	-0.66	0.81	-0.66		0.76	0.69	0.8	APP
UBER	-0.09	-0.37	-0.68	0.5	-0.66	0.76		0.52	0.62	UBER
SHOP	0.57	-0.39	-0.27	0.82	-0.64	0.69	0.52		0.88	SHOP
ANET	0.35	-0.5	-0.53	0.76	-0.76	0.8	0.62	0.88		ANET
	CSCO	CRM	SAP	MU	INTU	APP	UBER	SHOP	ANET

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

ANET	+ 0.88	SHOP
SHOP	+ 0.82	MU
APP	+ 0.81	MU
ANET	+ 0.8	APP
ANET	+ 0.76	MU
UBER	+ 0.76	APP

High negative correlations

ANET	- 0.76	INTU
UBER	- 0.68	SAP
UBER	- 0.66	INTU
APP	- 0.66	INTU
APP	- 0.66	SAP
SHOP	- 0.64	INTU

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CSCO	0.98	0.01	(0.01)	0.09	1.26	(1.05)	2.04	(1.71)	7.18
CRM	1.59	(0.14)	0.00	(0.06)	0.00	0.00	3.59	(3.33)	8.74
SAP	1.18	(0.14)	0.00	(0.12)	0.00	0.00	1.95	(3.22)	6.90
MU	2.58	0.93	0.35	0.58	2.05	(2.96)	6.15	(3.91)	14.44
INTU	1.09	(0.25)	0.00	(0.30)	0.00	0.00	1.92	(2.29)	7.35
APP	2.85	0.82	0.20	0.89	3.42	(3.20)	7.54	(5.07)	26.00
UBER	1.43	0.00	(0.01)	0.07	1.85	(1.46)	3.62	(3.30)	8.86
SHOP	2.29	0.40	0.22	0.23	2.04	(2.85)	5.57	(3.61)	29.81
ANET	2.15	0.45	0.14	0.77	2.58	(2.26)	4.33	(4.32)	26.41

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