Automatic Data Correlations

ADP Stock

EUR 220.30 1.20 0.54%

The current 90-days correlation between Automatic Data Processing and Fiserv Inc is 0.2 (i.e., Modest 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

Significant diversification

The correlation between Automatic Data Processing and DJI is 0.02 (i.e., Significant 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

0.96	FIV	Fiserv Inc	Pair Corr
0.95	PCX	Paychex	Pair Corr
0.79	J2B	Experian plc	Pair Corr
0.89	GLO	Global Payments	Pair Corr
0.9	VA7A	Verisk Analytics	Pair Corr
0.86	EFX	Equifax	Pair Corr

Moving against Automatic Stock

0.86	PQ9	BANK MANDIRI	Pair Corr
0.69	RLS	Rollins	Pair Corr
0.57	PQ9	PT Bank Mandiri	Pair Corr
0.34	BYRA	BANK RAKYAT IND	Pair Corr
0.92	IBE5	IBERDROLA ADR1 EO	Pair Corr
0.86	APC	Apple Inc	Pair Corr
0.84	S92	SMA SOLAR TECH	Pair Corr
0.76	A5G	AIB Group plc	Pair Corr
0.76	4FV	Grupo Simec SAB	Pair Corr
0.74	ZWS	Telia Lietuva AB	Pair Corr
0.73	4H7	TROPHY GAMES DEV	Pair Corr
0.71	ZEGA	AstraZeneca PLC	Pair Corr
0.55	9IRA	Broadwind	Pair Corr
0.43	NSE	Nomura Holdings	Pair Corr
0.38	RSK	Arch Capital Group	Pair Corr
0.81	HY9H	SK hynix	Pair Corr
0.78	AK3	Akamai Technologies	Pair Corr
0.77	WSU	WashTec AG	Pair Corr
0.64	OS3	Otello ASA	Pair Corr

Related Correlations Analysis

	ADP	FIV	PCX	ZGY	J2B	GLO	VA7A	EFX	RLS
ADP		0.96	0.95	0.42	0.79	0.89	0.9	0.86	-0.69	ADP
FIV	0.96		0.94	0.34	0.82	0.87	0.86	0.82	-0.8	FIV
PCX	0.95	0.94		0.35	0.81	0.87	0.81	0.8	-0.8	PCX
ZGY	0.42	0.34	0.35		-0.01	0.43	0.47	0.37	-0.06	ZGY
J2B	0.79	0.82	0.81	-0.01		0.74	0.63	0.63	-0.77	J2B
GLO	0.89	0.87	0.87	0.43	0.74		0.68	0.75	-0.69	GLO
VA7A	0.9	0.86	0.81	0.47	0.63	0.68		0.79	-0.47	VA7A
EFX	0.86	0.82	0.8	0.37	0.63	0.75	0.79		-0.51	EFX
RLS	-0.69	-0.8	-0.8	-0.06	-0.77	-0.69	-0.47	-0.51		RLS
	ADP	FIV	PCX	ZGY	J2B	GLO	VA7A	EFX	RLS

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

FIV	+ 0.96	ADP
PCX	+ 0.95	ADP
PCX	+ 0.94	FIV
VA7A	+ 0.9	ADP
GLO	+ 0.89	ADP
GLO	+ 0.87	FIV

High negative correlations

RLS	- 0.8	PCX
RLS	- 0.8	FIV
RLS	- 0.77	J2B
RLS	- 0.69	GLO
RLS	- 0.69	ADP
RLS	- 0.51	EFX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ADP	0.80	(0.18)	0.00	(5.84)	0.00	0.00	1.47	(1.64)	5.76
FIV	2.10	(0.79)	0.00	(0.69)	0.00	0.00	2.78	(3.92)	49.77
PCX	1.03	(0.19)	0.00	(1.27)	0.00	0.00	2.06	(2.05)	6.46
ZGY	1.31	0.01	(0.01)	0.08	1.97	(1.40)	2.36	(2.15)	12.79
J2B	1.20	(0.19)	0.00	(3.21)	0.00	0.00	2.19	(2.66)	8.75
GLO	1.70	(0.15)	0.00	(0.07)	0.00	0.00	3.30	(3.43)	11.38
VA7A	1.24	(0.13)	0.00	0.54	0.00	0.00	2.32	(2.30)	12.73
EFX	1.44	(0.19)	0.00	1.11	0.00	0.00	2.58	(2.66)	13.78
RLS	1.13	0.15	0.07	(0.94)	1.18	(1.25)	2.67	(2.23)	6.91

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.

Did you try this?

Run Stocks Directory Now

Stocks Directory

Find actively traded stocks across global markets

All Next

Launch Module

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.

Christian Greyenbuhl	VP Relation	Profile
David Kwon	Chief VP	Profile
Carlos Rodriguez	CEO Director	Profile
Don McGuire	Chief Officer	Profile
Vipul Nagrath	Global Officer	Profile
Michael Bonarti	Chief Officer	Profile
Maria Black	President	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC