Adecco Correlations
| AHEXY Stock | USD 13.32 0.37 2.86% |
The current 90-days correlation between Adecco Group and ManpowerGroup is 0.44 (i.e., Very weak diversification). The correlation of Adecco 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Adecco Correlation With Market
Significant diversification
The correlation between Adecco Group and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adecco Group and DJI in the same portfolio, assuming nothing else is changed.
Adecco |
The ability to find closely correlated positions to Adecco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adecco 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 Adecco - 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 Adecco Group to buy it.
Moving together with Adecco Pink Sheet
| 0.85 | RANJY | Randstad Holdings | PairCorr |
| 0.62 | RANJF | Randstad NV | PairCorr |
| 0.83 | AHEXF | Adecco Group AG | PairCorr |
| 0.9 | LNDNF | Lundin Energy AB | PairCorr |
| 0.62 | AWCMY | Alumina Limited PK | PairCorr |
Moving against Adecco Pink Sheet
| 0.85 | ADP | Automatic Data Processing | PairCorr |
| 0.82 | RHI | Robert Half International | PairCorr |
| 0.75 | PAYX | Paychex | PairCorr |
| 0.94 | V | Visa Class A | PairCorr |
| 0.91 | SFM | Sprouts Farmers Market | PairCorr |
| 0.88 | FICO | Fair Isaac | PairCorr |
| 0.88 | WMT | Walmart Aggressive Push | PairCorr |
| 0.88 | SPOT | Spotify Technology | PairCorr |
| 0.86 | DEC | Diversified Energy | PairCorr |
| 0.85 | GRMN | Garmin | PairCorr |
| 0.83 | DOCU | DocuSign Earnings Call This Week | PairCorr |
| 0.78 | PANW | Palo Alto Networks | PairCorr |
| 0.73 | UMAC | Unusual Machines, Trending | PairCorr |
| 0.72 | BLK | BlackRock Fiscal Year End 10th of January 2025 | PairCorr |
| 0.55 | ZIM | ZIM Integrated Shipping Sell-off Trend | PairCorr |
| 0.49 | FLR | Fluor | PairCorr |
| 0.36 | GMNFF | GobiMin | PairCorr |
| 0.92 | NDAQ | Nasdaq Inc Sell-off Trend | PairCorr |
| 0.89 | IBKR | Interactive Brokers Fiscal Year End 21st of January 2025 | PairCorr |
| 0.88 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.86 | ELMD | Electromed | PairCorr |
| 0.85 | FTAIM | FTAI Aviation | PairCorr |
| 0.84 | CRM | Salesforce Sell-off Trend | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Adecco Pink Sheet performing well and Adecco 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 Adecco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MAN | 1.43 | (0.34) | 0.00 | (0.13) | 0.00 | 2.76 | 12.95 | |||
| RHI | 1.21 | 0.07 | 0.11 | 0.16 | 1.02 | 2.24 | 13.22 | |||
| HIRRF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| CWLPF | 1.65 | 0.27 | 0.03 | 1.00 | 1.83 | 6.76 | 29.40 | |||
| TREP | 8.97 | 1.10 | 0.06 | 3.36 | 10.33 | 27.27 | 85.80 | |||
| FTRS | 4.66 | 0.05 | 0.02 | 0.13 | 6.24 | 20.00 | 49.33 | |||
| KFY | 1.30 | (0.06) | 0.02 | 0.08 | 1.36 | 3.56 | 9.56 | |||
| KELYA | 1.76 | (0.66) | 0.00 | (0.28) | 0.00 | 2.89 | 27.28 | |||
| KFRC | 1.30 | (0.26) | 0.00 | (0.12) | 0.00 | 2.48 | 9.02 | |||
| HSON | 1.81 | (0.27) | 0.00 | 2.43 | 0.00 | 4.12 | 16.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Adecco 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.Did you try this?
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Adecco Corporate Management
| Christophe Catoir | Member of the Executive Committee, Regional Head of France | Profile | |
| Gordana BSc | Chief Officer | Profile | |
| Philippe ForielDestezet | Honorary Pres | Profile | |
| Mary Waddill | Director Communications | Profile | |
| Benita Barretto | Head Relations | Profile | |
| Ralf Weissbeck | Chief Officer | Profile | |
| Coram Williams | Chief Officer | Profile |