Accel Solutions Correlations

ACCL Stock

ILA 180.60 3.60 2.03%

The current 90-days correlation between Accel Solutions Group and Suny Cellular Communication is 0.07 (i.e., Significant diversification). The correlation of Accel Solutions 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.

Accel Solutions Correlation With Market

Good diversification

The correlation between Accel Solutions Group and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Accel Solutions Group and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Accel Solutions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Accel Solutions when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Accel Solutions - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Accel Solutions Group to buy it.

Moving together with Accel Stock

0.79	BRMG	Brimag L	Pair Corr
0.7	RLCO	Ralco Agencies	Pair Corr
0.87	ELAL	El Al Israel	Pair Corr
0.61	MGIC	Magic Software Enter	Pair Corr
0.79	NTML	Neto Malinda	Pair Corr

Moving against Accel Stock

0.63	NICE	Nice	Pair Corr
0.54	STCM	Satcom Systems	Pair Corr
0.47	ICON	Icon Group	Pair Corr

Related Correlations Analysis

	PRTC	ONE	SNCM	BCOM	MPRS	DANH	LBRA
PRTC		-0.14	0.29	0.37	0.0	0.15	-0.06	PRTC
ONE	-0.14		0.09	0.39	-0.61	-0.07	0.67	ONE
SNCM	0.29	0.09		0.68	-0.27	0.68	0.23	SNCM
BCOM	0.37	0.39	0.68		-0.64	0.55	0.5	BCOM
MPRS	0.0	-0.61	-0.27	-0.64		-0.13	-0.63	MPRS
DANH	0.15	-0.07	0.68	0.55	-0.13		0.11	DANH
LBRA	-0.06	0.67	0.23	0.5	-0.63	0.11		LBRA
	PRTC	ONE	SNCM	BCOM	MPRS	DANH	LBRA

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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

BCOM	+ 0.68	SNCM
DANH	+ 0.68	SNCM
LBRA	+ 0.67	ONE
DANH	+ 0.55	BCOM
LBRA	+ 0.5	BCOM
BCOM	+ 0.39	ONE

High negative correlations

MPRS	- 0.64	BCOM
LBRA	- 0.63	MPRS
MPRS	- 0.61	ONE
MPRS	- 0.27	SNCM
ONE	- 0.14	PRTC
DANH	- 0.13	MPRS

Risk-Adjusted Indicators

There is a big difference between Accel Stock performing well and Accel Solutions 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 Accel Solutions' 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
PRTC	2.25	(0.11)	0.00	0.54	0.00	0.00	4.30	(4.33)	20.25
ONE	1.69	0.20	0.10	(1.26)	1.68	(2.01)	4.03	(2.67)	10.99
SNCM	1.43	0.21	0.11	0.36	1.63	(1.64)	3.48	(2.72)	9.98
BCOM	1.75	0.16	0.06	(1.92)	2.34	(1.92)	4.32	(3.40)	15.49
MPRS	1.41	(0.16)	0.00	(0.27)	0.00	0.00	6.13	(3.93)	15.66
DANH	1.29	0.06	0.02	2.15	1.81	(2.10)	3.88	(3.03)	15.98
LBRA	2.24	0.64	0.25	2.19	2.02	(2.57)	7.32	(3.59)	17.07

Be your own money manager

Our tools can tell you how much better you can do entering a position in Accel Solutions without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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