Acco Brands Correlations

ACCO Stock

USD 3.87 0.08 2.11%

The current 90-days correlation between Acco Brands and SBC Communications is -0.04 (i.e., Good 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

Average diversification

The correlation between Acco Brands and DJI is 0.11 (i.e., Average 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.

Build AI portfolio with Acco Stock

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 unemployment.

To learn how to invest in Acco Stock, please use our How to Invest in Acco Brands guide.

Moving together with Acco Stock

0.62	NL	NL Industries	Pair Corr
0.79	GEO	Geo Group	Pair Corr
0.64	MSA	MSA Safety	Pair Corr
0.74	MCHP	Microchip Technology	Pair Corr
0.64	ASTS	Ast Spacemobile Aggressive Push	Pair Corr
0.72	JAKK	JAKKS Pacific	Pair Corr

Moving against Acco Stock

0.55	603600	UE Furniture	Pair Corr
0.5	LAND	Gladstone Land	Pair Corr
0.45	PNGZF	Paringa Resources	Pair Corr
0.56	SANM	Sanmina	Pair Corr
0.55	WEICF	Weichai Power	Pair Corr
0.46	DQ	Daqo New Energy	Pair Corr
0.4	ASXSF	Elysee Development Corp	Pair Corr
0.38	CLS	Celestica Downward Rally	Pair Corr

Related Correlations Analysis

	SBC	KNOP	MTW	LXFR	EBF	SPIR	WNC	BBCP	FSTR	PKOH
SBC		0.09	0.62	0.89	0.78	0.25	0.77	0.91	0.37	0.55	SBC
KNOP	0.09		0.73	0.24	0.59	-0.78	0.2	0.17	0.55	0.56	KNOP
MTW	0.62	0.73		0.74	0.84	-0.38	0.69	0.67	0.66	0.81	MTW
LXFR	0.89	0.24	0.74		0.79	0.18	0.81	0.93	0.51	0.69	LXFR
EBF	0.78	0.59	0.84	0.79		-0.23	0.72	0.81	0.6	0.76	EBF
SPIR	0.25	-0.78	-0.38	0.18	-0.23		0.27	0.24	-0.36	-0.16	SPIR
WNC	0.77	0.2	0.69	0.81	0.72	0.27		0.79	0.3	0.76	WNC
BBCP	0.91	0.17	0.67	0.93	0.81	0.24	0.79		0.52	0.68	BBCP
FSTR	0.37	0.55	0.66	0.51	0.6	-0.36	0.3	0.52		0.56	FSTR
PKOH	0.55	0.56	0.81	0.69	0.76	-0.16	0.76	0.68	0.56		PKOH
	SBC	KNOP	MTW	LXFR	EBF	SPIR	WNC	BBCP	FSTR	PKOH

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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

BBCP	+ 0.93	LXFR
BBCP	+ 0.91	SBC
LXFR	+ 0.89	SBC
EBF	+ 0.84	MTW
PKOH	+ 0.81	MTW
WNC	+ 0.81	LXFR

High negative correlations

SPIR	- 0.78	KNOP
SPIR	- 0.38	MTW
FSTR	- 0.36	SPIR
SPIR	- 0.23	EBF
PKOH	- 0.16	SPIR

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
SBC	2.43	0.00	0.01	0.08	3.13	(2.80)	6.43	(6.65)	16.73
KNOP	1.50	0.27	0.15	0.70	1.20	(1.80)	3.99	(2.12)	12.60
MTW	2.26	0.23	0.11	0.19	2.45	(2.70)	4.54	(5.02)	14.96
LXFR	1.41	(0.02)	0.00	0.06	1.92	(1.37)	2.90	(3.16)	10.48
EBF	0.98	0.04	0.00	0.17	1.11	(1.07)	1.91	(1.87)	6.77
SPIR	4.48	(0.45)	0.00	(0.04)	0.00	0.00	7.95	(12.50)	31.88
WNC	2.14	0.03	0.03	0.09	2.04	(2.77)	5.40	(3.47)	13.68
BBCP	1.91	(0.07)	(0.01)	0.03	2.26	(2.16)	3.51	(4.01)	9.67
FSTR	1.61	0.05	0.03	0.13	1.60	(1.90)	3.69	(2.79)	10.80
PKOH	1.90	(0.01)	0.01	0.07	2.54	(2.02)	3.63	(3.66)	14.74

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