Cognizant Technology Correlations
| CTSH Stock | USD 75.68 0.12 0.16% |
The current 90-days correlation between Cognizant Technology and Infosys Ltd ADR is 0.66 (i.e., Poor diversification). The correlation of Cognizant Technology 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.
Cognizant Technology Correlation With Market
Poor diversification
The correlation between Cognizant Technology Solutions and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cognizant Technology Solutions and DJI in the same portfolio, assuming nothing else is changed.
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Moving together with Cognizant Stock
| 0.83 | KD | Kyndryl Holdings | PairCorr |
| 0.68 | DMRC | Digimarc | PairCorr |
| 0.63 | VEEA | Veea Inc Symbol Change | PairCorr |
| 0.66 | VRRM | Verra Mobility Corp | PairCorr |
| 0.9 | EPAM | EPAM Systems | PairCorr |
| 0.82 | ACN | Accenture plc Sell-off Trend | PairCorr |
| 0.75 | GMM | Global Mofy Metaverse | PairCorr |
| 0.8 | III | Information Services | PairCorr |
| 0.78 | UIS | Unisys | PairCorr |
| 0.82 | XRX | Xerox Corp Earnings Call This Week | PairCorr |
| 0.77 | IBEX | IBEX | PairCorr |
| 0.79 | INFY | Infosys Ltd ADR | PairCorr |
Moving against Cognizant Stock
| 0.71 | FI | Fiserv, Earnings Call This Week | PairCorr |
| 0.57 | G | Genpact Limited | PairCorr |
| 0.35 | WNS | WNS Holdings | PairCorr |
| 0.53 | SLNHP | Soluna Holdings Preferred | PairCorr |
| 0.47 | ARBB | ARB IOT Group | PairCorr |
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cognizant Stock performing well and Cognizant Technology 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 Cognizant Technology'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INFY | 1.07 | 0.03 | 0.00 | 0.17 | 1.30 | 2.23 | 10.68 | |||
| IT | 1.01 | (0.33) | 0.00 | (0.22) | 0.00 | 1.88 | 6.93 | |||
| BR | 0.82 | (0.07) | (0.07) | 0.03 | 1.48 | 1.63 | 8.97 | |||
| FI | 1.67 | (0.37) | 0.00 | (0.83) | 0.00 | 3.29 | 21.81 | |||
| CDW | 1.35 | 0.10 | 0.10 | 0.21 | 1.13 | 2.72 | 10.41 | |||
| WIT | 1.16 | (0.02) | (0.03) | 0.10 | 1.49 | 2.07 | 10.91 | |||
| ADSK | 1.12 | 0.09 | 0.04 | 0.23 | 1.39 | 2.44 | 9.64 | |||
| FAST | 0.97 | 0.10 | 0.05 | 0.25 | 1.10 | 2.05 | 7.13 |
Cognizant Technology Corporate Management
| Shinji Murakami | Head Market | Profile | |
| Katie CFA | Global Relations | Profile | |
| Rajesh MCA | Chairman VP | Profile | |
| Anil Cheriyan | Ex Technology | Profile |