Automatic Data Correlations

ADPR34 Stock

BRL 59.40 0.52 0.88%

The current 90-days correlation between Automatic Data Processing and Deutsche Bank Aktiengesellschaft is 0.02 (i.e., Significant 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

Good diversification

The correlation between Automatic Data Processing and DJI is -0.09 (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.

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

0.63

HOND34

Honda Motor

Pair Corr

Moving against Automatic Stock

0.89	IGTI11	Jereissati Participaes	Pair Corr
0.85	EQTL3	Equatorial Energia	Pair Corr
0.77	C1AH34	Cardinal Health	Pair Corr
0.76	U1HS34	Universal Health Services	Pair Corr
0.73	I1DX34	IDEXX Laboratories	Pair Corr
0.67	AAPL34	Apple Inc	Pair Corr
0.59	B1SA34	Banco Santander Chile	Pair Corr
0.53	L1MN34	Lumen Technologies	Pair Corr
0.53	F1AN34	Diamondback Energy	Pair Corr
0.39	H1ST34	Host Hotels Resorts	Pair Corr
0.38	U2ST34	Unity Software	Pair Corr
0.35	TF623	TF623	Pair Corr
0.89	BBDC4	Banco Bradesco SA	Pair Corr
0.86	ALLD3	Allied Tecnologia	Pair Corr
0.84	COGN3	Cogna Educao SA Split	Pair Corr
0.77	EGIE3	Engie Brasil Energia Split	Pair Corr
0.76	H1CA34	HCA Healthcare	Pair Corr
0.76	C1BO34	Cboe Global Markets	Pair Corr
0.67	P2CO34	Procore Technologies	Pair Corr
0.66	DESK3	Desktop Sigmanet	Pair Corr
0.64	G2ME34	Globus Medical	Pair Corr
0.6	O2HI34	Omega Healthcare Inv	Pair Corr
0.58	CLSC4	Centrais Eltricas	Pair Corr
0.56	A1KA34	Akamai Technologies	Pair Corr
0.54	LPSB3	LPS Brasil	Pair Corr
0.45	N2LY34	Annaly Capital Management	Pair Corr
0.43	A1ME34	AMETEK	Pair Corr

Related Correlations Analysis

	A1LG34	P1FG34	DBAG34	S1PO34	P1DT34	MUTC34	J1EF34
A1LG34		0.89	0.8	-0.74	0.93	0.83	0.66	A1LG34
P1FG34	0.89		0.76	-0.63	0.86	0.71	0.76	P1FG34
DBAG34	0.8	0.76		-0.46	0.83	0.81	0.67	DBAG34
S1PO34	-0.74	-0.63	-0.46		-0.58	-0.67	-0.24	S1PO34
P1DT34	0.93	0.86	0.83	-0.58		0.81	0.78	P1DT34
MUTC34	0.83	0.71	0.81	-0.67	0.81		0.52	MUTC34
J1EF34	0.66	0.76	0.67	-0.24	0.78	0.52		J1EF34
	A1LG34	P1FG34	DBAG34	S1PO34	P1DT34	MUTC34	J1EF34

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

P1DT34	+ 0.93	A1LG34
P1FG34	+ 0.89	A1LG34
P1DT34	+ 0.86	P1FG34
MUTC34	+ 0.83	A1LG34
P1DT34	+ 0.83	DBAG34
MUTC34	+ 0.81	DBAG34

High negative correlations

S1PO34	- 0.74	A1LG34
MUTC34	- 0.67	S1PO34
S1PO34	- 0.63	P1FG34
P1DT34	- 0.58	S1PO34
S1PO34	- 0.46	DBAG34
J1EF34	- 0.24	S1PO34

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
A1LG34	0.94	0.40	0.20	5.29	0.00	(2.02)	3.45	(1.38)	11.23
P1FG34	0.03	0.00	0.00	0.96	0.00	0.00	0.00	0.00	0.89
DBAG34	1.41	0.14	0.04	0.42	2.00	(1.71)	2.97	(2.42)	15.44
S1PO34	1.75	(0.27)	0.00	1.64	0.00	0.00	3.55	(4.28)	12.02
P1DT34	0.51	0.22	0.14	(1.35)	0.00	(1.33)	1.05	(0.73)	7.83
MUTC34	3.20	0.94	0.29	0.62	2.78	(3.71)	7.94	(6.23)	15.57
J1EF34	1.11	0.09	0.00	(0.72)	1.89	(2.53)	3.99	(4.10)	12.28

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.

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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.

David Kwon	Chief VP	Profile
Douglas Politi	President - Compliance Solutions	Profile
Maria Black	President - Worldwide Sales and Marketing	Profile
Brock Albinson	Corporate Controller, Principal Accounting Officer	Profile
Dermot OBrien	Chief Transformation Officer	Profile
Laura Brown	President Major Account Services and ADP Canada	Profile
John Jones	Non-Executive Independent Chairman of the Board	Profile

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