Automatic Data Correlations

Stocks . Brazil . 
Stock . Automatic Data Processing
ADPR34 Stock  BRL 72.31  2.03  2.89%   
The current 90-days correlation between Automatic Data Processing and United States Steel is 0.05 (i.e., Significant diversification). The correlation of Automatic Data 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.

Automatic Data Correlation With Market

Good diversification

The correlation between Automatic Data Processing 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 Automatic Data Processing and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Automatic Data could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Automatic Data 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 Automatic Data - 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 Automatic Data Processing to buy it.

Moving together with Automatic Stock

  0.67AAPL34 Apple IncPairCorr
  0.61GOGL34 AlphabetPairCorr
  0.61GOGL35 AlphabetPairCorr
  0.66AMZO34 Amazon IncPairCorr

Moving against Automatic Stock

  0.76CMIN3 CSN Minerao SAPairCorr
  0.72ELET3 Centrais EltricasPairCorr
  0.7HBOR3 Helbor EmpreendimentosPairCorr
  0.69AMAR3 Marisa Lojas SAPairCorr
  0.66ABEV3 Ambev SAPairCorr
  0.6ALUP3 Alupar InvestimentoPairCorr
  0.57CEAB3 CA Modas SAPairCorr
  0.55ENEV3 Eneva SAPairCorr
  0.54B3SA3 B3 SAPairCorr
  0.51CVSH34 CVS HealthPairCorr
  0.49BERK34 Berkshire HathawayPairCorr
  0.48C1MS34 CMS EnergyPairCorr
  0.48BABA34 Alibaba Group HoldingPairCorr
  0.43KRSA3 Kora Saude ParticipacoesPairCorr
  0.42BMKS3 Bicicletas MonarkPairCorr
  0.41B1CS34 Barclays PLCPairCorr
  0.37P1SX34 Phillips 66PairCorr

Related Correlations Analysis

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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   
MTSA4
+ 0.85
BROF11
MTSA4
+ 0.81
P2EN34
USSX34
+ 0.77
BROF11
P2EN34
+ 0.76
BROF11
O2HI34
+ 0.75
AALL34
C1AH34
+ 0.72
USSX34
  
High negative correlations   
O2HI34
- 0.85
BROF11
MTSA4
- 0.83
O2HI34
AALL34
- 0.81
P2EN34
MTSA4
- 0.78
AALL34
O2HI34
- 0.75
USSX34
O2HI34
- 0.7
C1AH34

Risk-Adjusted Indicators

There is a big difference between Automatic Stock performing well and Automatic Data 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 Automatic Data'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Automatic Data 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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Automatic Data Corporate Management

Elected by the shareholders, the Automatic Data's board of directors comprises two types of representatives: Automatic Data inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Automatic. The board's role is to monitor Automatic Data's management team and ensure that shareholders' interests are well served. Automatic Data's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Automatic Data's outside directors are responsible for providing unbiased perspectives on the board's policies.
David KwonChief VPProfile
Douglas PolitiPresident - Compliance SolutionsProfile
Maria BlackPresident - Worldwide Sales and MarketingProfile
Brock AlbinsonCorporate Controller, Principal Accounting OfficerProfile
Dermot OBrienChief Transformation OfficerProfile
Laura BrownPresident Major Account Services and ADP CanadaProfile
John JonesNon-Executive Independent Chairman of the BoardProfile
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