Automatic Data Correlations
| ADP Stock | USD 302.12 1.85 0.62% |
The current 90-days correlation between Automatic Data Processing and ManpowerGroup is -0.09 (i.e., Good 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Automatic Data Correlation With Market
Good diversification
The correlation between Automatic Data Processing and DJI is -0.03 (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.
Automatic | Build AI portfolio with Automatic Stock |
Moving together with Automatic Stock
| 0.68 | BR | Broadridge Financial | PairCorr |
| 0.71 | BV | BrightView Holdings | PairCorr |
| 0.76 | FA | First Advantage Corp | PairCorr |
| 0.7 | FC | Franklin Covey | PairCorr |
| 0.8 | LZ | LegalZoom | PairCorr |
| 0.69 | DRVN | Driven Brands Holdings | PairCorr |
| 0.66 | DXST | Decent Holding Ordinary | PairCorr |
| 0.63 | VLTO | Veralto | PairCorr |
| 0.88 | VRSK | Verisk Analytics | PairCorr |
| 0.67 | VSEC | VSE Corporation | PairCorr |
| 0.68 | EVGOW | EVgo Equity Warrants | PairCorr |
Moving against Automatic Stock
| 0.77 | MG | Mistras Group | PairCorr |
| 0.55 | AXR | AMREP | PairCorr |
| 0.54 | VIRC | Virco Manufacturing | PairCorr |
| 0.52 | DSS | DSS Inc | PairCorr |
| 0.69 | CDTG | CDT Environmental | PairCorr |
| 0.47 | AQMS | Aqua Metals | 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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PAYX | 1.00 | (0.16) | 0.00 | (0.05) | 0.00 | 2.07 | 11.58 | |||
| RHI | 1.65 | (0.44) | 0.00 | (0.15) | 0.00 | 3.33 | 11.45 | |||
| MAN | 2.32 | (0.50) | 0.00 | (0.08) | 0.00 | 4.85 | 19.07 | |||
| UPWK | 1.70 | 0.00 | (0.02) | 0.13 | 1.95 | 3.04 | 23.16 | |||
| NSP | 1.47 | (0.71) | 0.00 | (0.58) | 0.00 | 1.93 | 16.81 | |||
| ITW | 0.89 | 0.01 | 0.01 | 0.14 | 0.84 | 2.27 | 5.91 | |||
| APD | 1.02 | 0.00 | 0.00 | 0.14 | 1.07 | 2.01 | 5.20 | |||
| EMR | 1.10 | 0.39 | 0.38 | 0.46 | 0.50 | 2.92 | 7.65 | |||
| BDX | 1.21 | (0.30) | 0.00 | (0.20) | 0.00 | 1.82 | 19.80 |
Automatic Data Corporate Management
| M Heron | Managing Operations | Profile | |
| Jonathan Lehberger | Corporate Officer | Profile | |
| Matthew CFA | Vice Relations | Profile | |
| David Kwon | Chief VP | Profile | |
| Joseph DeSilva | Executive Operations | Profile | |
| Don McGuire | Chief Officer | Profile |