Acco Brands Correlations

ACCO Stock

USD 5.32 0.04 0.76%

The current 90-days correlation between Acco Brands and HNI Corp is 0.61 (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

Modest diversification

The correlation between Acco Brands and DJI is 0.23 (i.e., Modest 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.

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

0.67	DLX	Deluxe	Pair Corr
0.62	MGRC	McGrath RentCorp	Pair Corr
0.8	MLKN	MillerKnoll	Pair Corr
0.7	R	Ryder System	Pair Corr
0.74	AL	Air Lease	Pair Corr
0.7	BV	BrightView Holdings	Pair Corr
0.8	CR	Crane Company	Pair Corr
0.66	CW	Curtiss Wright	Pair Corr
0.8	IR	Ingersoll Rand	Pair Corr
0.75	KE	Kimball Electronics Earnings Call This Week	Pair Corr
0.86	PH	Parker Hannifin	Pair Corr

Moving against Acco Stock

0.54	LNZA	LanzaTech Global	Pair Corr
0.44	HDSN	Hudson Technologies	Pair Corr
0.42	BA	Boeing	Pair Corr
0.35	B	Barnes Group	Pair Corr
0.59	CODI-PB	Compass Diversified	Pair Corr
0.59	CODI-PC	Compass Diversified	Pair Corr
0.55	CODI-PA	Compass Diversified	Pair Corr
0.5	RR	Richtech Robotics Class	Pair Corr
0.44	MG	Mistras Group	Pair Corr
0.42	VACH	Voyager Acquisition Corp	Pair Corr

Related Correlations Analysis

	HNI	SCS	EBF	ACTG
HNI		0.95	0.62	0.38	HNI
SCS	0.95		0.57	0.46	SCS
EBF	0.62	0.57		0.13	EBF
ACTG	0.38	0.46	0.13		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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HNI	1.21	(0.09)	0.00	(0.07)	0.00	0.00	3.21	(1.96)	9.67
SCS	1.37	(0.12)	0.00	(0.24)	0.00	0.00	3.29	(2.96)	10.72
EBF	0.88	(0.03)	(0.06)	0.01	1.04	(0.95)	1.40	(1.69)	8.06
ACTG	1.28	(0.17)	0.00	(0.65)	0.00	0.00	2.29	(2.94)	14.71

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