Automatic Data Correlations

ADPR34 Stock

BRL 46.23 0.42 0.90%

The current 90-days correlation between Automatic Data Processing and Comcast is 0.17 (i.e., Average 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

Very good diversification

The correlation between Automatic Data Processing and DJI is -0.34 (i.e., Very 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 against Automatic Stock

0.89	VBBR3F	VBBR3F	Pair Corr
0.88	GILD34	Gilead Sciences	Pair Corr
0.87	S1TT34	State Street	Pair Corr
0.84	ISAE4	ISA ENERGIA BRASIL	Pair Corr
0.79	BBDC4	Banco Bradesco SA	Pair Corr
0.78	BRKM5	Braskem SA	Pair Corr
0.77	CAML3	Camil Alimentos SA	Pair Corr
0.69	HONB34	Honeywell International	Pair Corr
0.66	JSLG3	JSL SA	Pair Corr
0.66	BPVE39	BPVE39 Split	Pair Corr
0.64	HOOT4	Hotis Othon SA	Pair Corr
0.62	VALE3F	VALE3F	Pair Corr
0.51	SBUB34	Starbucks	Pair Corr
0.49	KLBN3	Klabin SA Split	Pair Corr
0.43	ETER3	Eternit SA	Pair Corr
0.38	CMCS34	Comcast	Pair Corr
0.31	BMOB3	Bemobi Mobile Tech	Pair Corr
0.85	BBAS3	Banco do Brasil	Pair Corr
0.83	ALUP4	Alupar Investimento Earnings Call Tomorrow	Pair Corr
0.81	FESA4F	FESA4F	Pair Corr
0.79	FLRY3	Fleury SA	Pair Corr
0.79	RCSL4	Recrusul SA	Pair Corr
0.77	RENT3	Localiza Rent a Earnings Call This Week	Pair Corr
0.72	PTNT4	Pettenati SA Industria	Pair Corr
0.72	D1LR34	Digital Realty Trust	Pair Corr
0.72	MTRE3	Mitre Realty Empreen	Pair Corr
0.69	ALPA4	Alpargatas SA Earnings Call Today	Pair Corr
0.63	MWET4	Wetzel SA	Pair Corr

Related Correlations Analysis

	CEBR3	M1CB34	CMCS34	CTKA4	MERC4	FDMO34	ALUP4	W1MC34	OPCT3F
CEBR3		0.37	0.58	0.82	0.77	0.33	0.47	0.57	0.94	CEBR3
M1CB34	0.37		0.38	0.44	0.28	0.22	0.26	0.34	0.41	M1CB34
CMCS34	0.58	0.38		0.52	0.39	0.44	0.14	0.7	0.56	CMCS34
CTKA4	0.82	0.44	0.52		0.82	0.03	0.67	0.41	0.79	CTKA4
MERC4	0.77	0.28	0.39	0.82		-0.19	0.79	0.29	0.78	MERC4
FDMO34	0.33	0.22	0.44	0.03	-0.19		-0.44	0.5	0.28	FDMO34
ALUP4	0.47	0.26	0.14	0.67	0.79	-0.44		0.02	0.57	ALUP4
W1MC34	0.57	0.34	0.7	0.41	0.29	0.5	0.02		0.45	W1MC34
OPCT3F	0.94	0.41	0.56	0.79	0.78	0.28	0.57	0.45		OPCT3F
	CEBR3	M1CB34	CMCS34	CTKA4	MERC4	FDMO34	ALUP4	W1MC34	OPCT3F

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

OPCT3F	+ 0.94	CEBR3
CTKA4	+ 0.82	CEBR3
MERC4	+ 0.82	CTKA4
OPCT3F	+ 0.79	CTKA4
ALUP4	+ 0.79	MERC4
OPCT3F	+ 0.78	MERC4

High negative correlations

ALUP4	- 0.44	FDMO34
FDMO34	- 0.19	MERC4

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
CEBR3	1.15	0.46	0.23	(10.50)	1.22	(1.34)	3.15	(2.42)	9.30
M1CB34	0.38	0.07	0.00	0.49	0.00	0.00	0.00	0.00	16.46
CMCS34	1.54	0.19	0.05	(0.42)	1.85	(1.81)	3.54	(3.11)	12.57
CTKA4	1.62	0.52	0.17	(2.22)	1.49	(2.44)	6.73	(3.37)	15.32
MERC4	1.47	0.32	0.06	(1.07)	1.49	(4.35)	5.20	(3.38)	15.41
FDMO34	1.06	0.02	(0.03)	0.25	1.09	(1.20)	2.55	(1.72)	6.16
ALUP4	1.30	0.05	(0.01)	0.57	1.63	(1.37)	2.61	(2.82)	7.57
W1MC34	0.86	0.22	0.06	(0.45)	1.19	(1.05)	1.88	(2.16)	8.25
OPCT3F	1.80	0.17	0.07	0.30	2.03	(1.97)	3.30	(3.67)	13.27

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
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Laura Brown	President Major Account Services and ADP Canada	Profile
John Jones	Non-Executive Independent Chairman of the Board	Profile

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