Accenture Plc Correlations

ACN Stock

USD 273.74 1.70 0.62%

The current 90-days correlation between Accenture plc and Adobe Systems Incorporated is 0.49 (i.e., Very weak 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 0.44 (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 world development indicators.

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

Moving together with Accenture Stock

0.63	IBM	International Business	Pair Corr
0.72	INFY	Infosys Ltd ADR	Pair Corr
0.65	300300	Strait Innovation	Pair Corr

Moving against Accenture Stock

0.81	MASK	3 E Network	Pair Corr
0.79	300608	SI TECH Information	Pair Corr
0.69	600764	China Marine Information	Pair Corr
0.67	300168	Wonders Information	Pair Corr
0.66	002987	Northking Information	Pair Corr
0.55	DUG	DUG Technology	Pair Corr
0.55	301299	Sublime China Information	Pair Corr
0.49	301311	KSEC Intelligent Tec	Pair Corr
0.45	301390	Hangzhou Gisway Info	Pair Corr
0.41	DOX	Amdocs	Pair Corr
0.35	KD	Kyndryl Holdings	Pair Corr
0.76	301236	iSoftStone Information	Pair Corr
0.64	301178	Guangdong TianYiMa	Pair Corr
0.59	CTDD	Qwest Corp 6	Pair Corr
0.56	TDTH	Trident Digital Tech	Pair Corr
0.55	300846	Capitalonline Data	Pair Corr
0.54	CTBB	Qwest Corp NT	Pair Corr
0.51	RIME	Algorhythm Holdings,	Pair Corr
0.51	SKM	SK Telecom	Pair Corr
0.46	CRCL	Circle Internet Group,	Pair Corr
0.45	CYCU	Cycurion, Symbol Change	Pair Corr
0.31	002065	Dhc Software	Pair Corr

Related Correlations Analysis

	ADBE	SONY	TXN	KLAC	INFY	PANW	APH	AMAT	QCOM	LDOS
ADBE		-0.06	0.64	-0.29	-0.1	0.36	-0.56	-0.44	0.2	-0.16	ADBE
SONY	-0.06		-0.1	-0.36	-0.37	0.33	-0.17	-0.37	-0.38	0.3	SONY
TXN	0.64	-0.1		-0.27	0.07	-0.14	-0.53	-0.06	0.0	-0.28	TXN
KLAC	-0.29	-0.36	-0.27		0.43	-0.05	0.85	0.84	0.78	0.33	KLAC
INFY	-0.1	-0.37	0.07	0.43		-0.57	0.44	0.58	0.36	-0.22	INFY
PANW	0.36	0.33	-0.14	-0.05	-0.57		-0.08	-0.36	0.14	0.45	PANW
APH	-0.56	-0.17	-0.53	0.85	0.44	-0.08		0.75	0.57	0.33	APH
AMAT	-0.44	-0.37	-0.06	0.84	0.58	-0.36	0.75		0.53	0.16	AMAT
QCOM	0.2	-0.38	0.0	0.78	0.36	0.14	0.57	0.53		0.18	QCOM
LDOS	-0.16	0.3	-0.28	0.33	-0.22	0.45	0.33	0.16	0.18		LDOS
	ADBE	SONY	TXN	KLAC	INFY	PANW	APH	AMAT	QCOM	LDOS

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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

APH	+ 0.85	KLAC
AMAT	+ 0.84	KLAC
QCOM	+ 0.78	KLAC
AMAT	+ 0.75	APH
TXN	+ 0.64	ADBE
AMAT	+ 0.58	INFY

High negative correlations

PANW	- 0.57	INFY
APH	- 0.56	ADBE
APH	- 0.53	TXN
AMAT	- 0.44	ADBE
QCOM	- 0.38	SONY
AMAT	- 0.37	SONY

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
ADBE	1.31	(0.06)	(0.03)	0.01	1.67	(1.42)	3.04	(2.44)	10.25
SONY	1.38	(0.18)	0.00	(0.08)	0.00	0.00	3.13	(2.79)	9.26
TXN	1.38	(0.07)	(0.03)	0.01	1.84	(1.41)	2.64	(2.72)	8.17
KLAC	1.90	0.23	0.11	0.19	2.24	(2.08)	4.30	(4.19)	12.45
INFY	1.30	0.05	0.02	0.13	1.40	(1.49)	3.33	(2.43)	7.08
PANW	1.34	(0.18)	0.00	(0.10)	0.00	0.00	2.27	(3.03)	10.62
APH	1.51	0.07	0.03	0.13	2.14	(1.53)	3.42	(3.60)	12.03
AMAT	2.16	0.56	0.21	0.40	2.18	(2.27)	5.00	(4.04)	12.68
QCOM	1.62	0.04	0.04	0.08	2.24	(1.65)	3.53	(3.93)	15.46
LDOS	1.10	(0.05)	(0.04)	0.00	1.51	(1.05)	2.11	(2.64)	6.28

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