| ACCO Stock | | | USD 4.51 0.11 2.50% |
The current 90-days correlation between Acco Brands and HNI Corp is 0.61 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Acco Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Acco Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Acco Brands Correlation With Market
Weak diversification
The correlation between Acco Brands and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Acco Brands and DJI in the same portfolio, assuming nothing else is changed.
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