Automatic Data Correlations
| ADP Stock | EUR 289.95 1.70 0.59% |
The current 90-days correlation between Automatic Data Processing and Paychex is 0.44 (i.e., Very weak 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
Modest diversification
The correlation between Automatic Data Processing and DJI is 0.27 (i.e., Modest 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 |
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
| 0.97 | FIV | Fiserv Inc | PairCorr |
| 0.98 | PCX | Paychex | PairCorr |
| 0.88 | ZGY | Fidelity National | PairCorr |
| 0.86 | VA7A | Verisk Analytics | PairCorr |
| 0.74 | KBIA | KB Financial Group | PairCorr |
| 0.9 | UN3 | United Natural Foods | PairCorr |
Moving against Automatic Stock
| 0.86 | SSU | Samsung Electronics | PairCorr |
| 0.85 | SSUN | Samsung Electronics | PairCorr |
| 0.85 | SSUN | Samsung Electronics | PairCorr |
| 0.85 | SSU | Samsung Electronics | PairCorr |
| 0.8 | EFX | Equifax | PairCorr |
| 0.74 | PTI | Perusahaan Perseroan | PairCorr |
| 0.67 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.64 | BYRA | PT Bank Rakyat | PairCorr |
| 0.63 | TCID | Telkom Indonesia Tbk | PairCorr |
| 0.48 | DBPD | Xtrackers ShortDAX | PairCorr |
Related Correlations Analysis
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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?
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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 |