Infosys Correlations

INFY Stock

USD 17.41 0.04 0.23%

The current 90-days correlation between Infosys Ltd ADR and British American Tobacco is -0.09 (i.e., Good 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 -0.16 (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 price.

Moving together with Infosys Stock

0.63	300605	HengFeng Information	Pair Corr
0.66	CAMS	Computer Age Management Split	Pair Corr

Moving against Infosys Stock

0.44	DUG	DUG Technology	Pair Corr
0.43	BAH	Booz Allen Hamilton	Pair Corr
0.42	UIS	Unisys	Pair Corr
0.39	PALREDTEC	Palred Technologies	Pair Corr
0.57	300846	Capitalonline Data	Pair Corr
0.53	CYBERTECH	Cybertech Systems And	Pair Corr
0.5	RSSOFTWARE	R S Software	Pair Corr
0.5	301178	Guangdong TianYiMa	Pair Corr
0.49	301236	iSoftStone Information	Pair Corr
0.43	SAIC	Science Applications Earnings Call Today	Pair Corr
0.4	002065	Dhc Software	Pair Corr
0.32	002987	Northking Information	Pair Corr

Related Correlations Analysis

	NTCXF	BTI	ICHMF	VGAS	CVWFF	PWWRF	TSPCF	UCTT
NTCXF		0.0	0.0	0.0	0.0	0.0	0.0	0.0	NTCXF
BTI	0.0		0.0	-0.6	-0.83	0.0	-0.43	-0.65	BTI
ICHMF	0.0	0.0		0.0	0.0	-1.0	0.0	0.0	ICHMF
VGAS	0.0	-0.6	0.0		0.57	0.0	-0.08	0.53	VGAS
CVWFF	0.0	-0.83	0.0	0.57		0.0	0.48	0.57	CVWFF
PWWRF	0.0	0.0	-1.0	0.0	0.0		0.0	0.0	PWWRF
TSPCF	0.0	-0.43	0.0	-0.08	0.48	0.0		0.33	TSPCF
UCTT	0.0	-0.65	0.0	0.53	0.57	0.0	0.33		UCTT
	NTCXF	BTI	ICHMF	VGAS	CVWFF	PWWRF	TSPCF	UCTT

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

CVWFF	+ 0.57	VGAS
UCTT	+ 0.57	CVWFF
UCTT	+ 0.53	VGAS
TSPCF	+ 0.48	CVWFF
UCTT	+ 0.33	TSPCF
BTI	+ 0.0	NTCXF

High negative correlations

PWWRF	- 1.0	ICHMF
CVWFF	- 0.83	BTI
UCTT	- 0.65	BTI
VGAS	- 0.6	BTI
TSPCF	- 0.43	BTI
TSPCF	- 0.08	VGAS

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
NTCXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTI	0.90	0.05	0.00	0.22	0.96	(0.95)	1.86	(1.52)	4.84
ICHMF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VGAS	3.24	(0.12)	0.00	(0.03)	0.00	0.00	7.27	(6.47)	23.11
CVWFF	1.35	(0.28)	0.00	1.02	0.00	0.00	2.78	(5.41)	23.72
PWWRF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TSPCF	2.03	0.09	0.00	(0.36)	2.96	(4.87)	6.94	(8.85)	23.54
UCTT	2.85	0.01	0.05	0.08	3.51	(3.02)	7.74	(6.23)	17.59

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