Gartner, Inc. (IT) — Stock Correlations & Overview
Over the past year, IT has moved most closely with TRI, EXLS, ACN. Explore the stocks most correlated and inversely correlated with IT below, along with its price, financials, and company profile.
Stocks correlated with IT
Correlation of daily returns. Higher positive values move with IT; negative values move opposite it. Informational only, not investment advice.
Most correlated with IT
| Symbol | Company | Correlation |
|---|---|---|
| TRI | Thomson Reuters Corporation Common Shares | 0.69 |
| EXLS | ExlService Holdings, Inc.SERVICES-BUSINESS SERVICES, NEC | 0.68 |
| ACN | Accenture PLCSERVICES-BUSINESS SERVICES, NEC | 0.67 |
| GLOB | GLOBANT S.A. | 0.65 |
| CTSH | Cognizant Technology SolutionsSERVICES-COMPUTER PROGRAMMING SERVICES | 0.64 |
Most inversely correlated with IT
| Symbol | Company | Correlation |
|---|---|---|
| HDGE | AdvisorShares Ranger Equity Bear ETF | -0.56 |
| DWSH | AdvisorShares Dorsey Wright Short ETF | -0.50 |
| PLTZ | Defiance Daily Target 2x Short PLTR ETF | -0.37 |
| WEBS | Direxion Daily Dow Jones Internet Bear 3X ETF | -0.37 |
| PLTD | Direxion Shares ETF Trust Direxion Dailly PLTR Bear 1X ETF | -0.35 |
Frequently asked questions about IT correlations
- Which stocks are most correlated with IT?
- Based on one year of daily returns, the stocks most correlated with Gartner, Inc. (IT) are TRI (0.69), EXLS (0.68) and ACN (0.67). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with IT?
- Over the past year, the stocks most inversely correlated with Gartner, Inc. (IT) are HDGE (-0.56), DWSH (-0.50) and PLTZ (-0.37). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these IT correlations calculated?
- We compute the correlation of daily returns between IT and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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