Acco Brands Correlations

ACCO Stock

USD 3.67 0.19 4.92%

The current 90-days correlation between Acco Brands and HNI Corp is 0.66 (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

Good diversification

The correlation between Acco Brands and DJI is -0.01 (i.e., Good 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.

Build AI portfolio with Acco Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Acco Brands. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Acco Stock, please use our How to Invest in Acco Brands guide.

Moving together with Acco Stock

0.74	EBF	Ennis Inc	Pair Corr
0.89	HNI	HNI Corp	Pair Corr
0.82	SCS	Steelcase	Pair Corr
0.89	ACTG	Acacia Research Earnings Call This Week	Pair Corr
0.77	J	Jacobs Solutions	Pair Corr
0.79	R	Ryder System Earnings Call This Week	Pair Corr
0.84	BE	Bloom Energy Corp Earnings Call This Week	Pair Corr
0.93	BW	Babcock Wilcox Enter Earnings Call This Week	Pair Corr
0.68	CP	Canadian Pacific Railway	Pair Corr
0.78	CR	Crane Company	Pair Corr
0.72	EH	Ehang Holdings	Pair Corr
0.67	FA	First Advantage Corp Earnings Call This Week	Pair Corr
0.92	FC	Franklin Covey	Pair Corr
0.64	GE	GE Aerospace	Pair Corr
0.93	HI	Hillenbrand	Pair Corr
0.79	HY	Hyster Yale Materials Earnings Call Tomorrow	Pair Corr
0.9	IR	Ingersoll Rand	Pair Corr
0.83	KE	Kimball Electronics Earnings Call Tomorrow	Pair Corr
0.76	LZ	LegalZoom	Pair Corr
0.61	MG	Mistras Group	Pair Corr
0.9	OP	Oceanpal	Pair Corr
0.87	PH	Parker Hannifin	Pair Corr
0.87	PL	Planet Labs PBC	Pair Corr
0.61	SB	Safe Bulkers	Pair Corr
0.92	TE	T1 Energy Symbol Change	Pair Corr

Moving against Acco Stock

0.59	GD	General Dynamics	Pair Corr
0.57	AZ	A2Z Smart Technologies	Pair Corr
0.42	DIST	Distoken Acquisition	Pair Corr
0.82	VACH	Voyager Acquisition Corp	Pair Corr
0.56	NL	NL Industries	Pair Corr
0.53	PC	Premium Catering	Pair Corr
0.52	DMYY	dMY Squared Technology	Pair Corr
0.31	WM	Waste Management	Pair Corr

Related Correlations Analysis

	HNI	SCS	EBF	ACTG
HNI		0.89	0.64	0.89	HNI
SCS	0.89		0.82	0.89	SCS
EBF	0.64	0.82		0.77	EBF
ACTG	0.89	0.89	0.77		ACTG
	HNI	SCS	EBF	ACTG

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Risk-Adjusted Indicators

There is a big difference between Acco Stock performing well and Acco Brands 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 Acco Brands' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HNI	1.42	(0.11)	4.29	2.95	(3.26)	10.66
SCS	1.85	(0.11)	2.06	3.22	(3.77)	12.83
EBF	1.22	(0.18)	2.82	1.91	(2.35)	12.03
ACTG	1.84	(0.45)	2.28	2.84	(5.00)	17.30

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