ABB Correlations
| ABBDelisted Stock | USD 39.00 0.02 0.05% |
The correlation of ABB 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ABB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABB Ltd ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between ABB Ltd ADR and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABB Ltd ADR and NYA in the same portfolio, assuming nothing else is changed.
ABB |
The ability to find closely correlated positions to ABB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABB 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 ABB - 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 ABB Ltd ADR to buy it.
Moving together with ABB Stock
| 0.88 | CAT | Caterpillar Earnings Call Tomorrow | PairCorr |
| 0.79 | DIS | Walt Disney Report 8th of May 2024 | PairCorr |
| 0.79 | JPM | JPMorgan Chase Financial Report 12th of July 2024 | PairCorr |
| 0.69 | AA | Alcoa Corp Financial Report 17th of July 2024 | PairCorr |
| 0.84 | BAC | Bank of America Sell-off Trend | PairCorr |
| 0.76 | MMM | 3M Company Earnings Call This Week | PairCorr |
Moving against ABB Stock
| 0.85 | BA | Boeing Financial Report 24th of July 2024 | PairCorr |
| 0.73 | MCD | McDonalds Earnings Call This Week | PairCorr |
| 0.72 | TLK | Telkom Indonesia Tbk Financial Report 26th of April 2024 | PairCorr |
| 0.61 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.53 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.52 | PTAIF | PT Astra International | PairCorr |
| 0.49 | TLKMF | Telkom Indonesia Tbk | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ABB Stock performing well and ABB 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 ABB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NVT | 1.18 | 0.21 | 0.19 | 0.23 | 1.06 | 3.41 | 8.03 | |||
| ENS | 1.04 | (0.21) | 0.00 | (0.08) | 0.00 | 1.63 | 9.33 | |||
| AYI | 1.02 | 0.04 | 0.06 | 0.12 | 0.97 | 2.37 | 6.22 | |||
| WIRE | 1.87 | 0.38 | 0.18 | 0.47 | 1.76 | 3.79 | 12.50 | |||
| KE | 1.70 | (0.27) | 0.00 | (0.11) | 0.00 | 4.02 | 18.10 | |||
| HUBB | 1.17 | 0.22 | 0.14 | 0.49 | 1.04 | 2.66 | 6.32 | |||
| FCEL | 3.98 | (0.55) | 0.00 | (0.07) | 0.00 | 9.49 | 19.60 | |||
| PLUG | 4.76 | (0.05) | 0.02 | 0.07 | 4.46 | 11.47 | 39.94 | |||
| SLDP | 4.47 | 0.32 | 0.14 | 0.15 | 4.23 | 9.88 | 37.42 | |||
| MVST | 5.14 | (1.01) | 0.00 | (0.33) | 0.00 | 8.60 | 51.11 |
ABB Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ABB stock to make a market-neutral strategy. Peer analysis of ABB could also be used in its relative valuation, which is a method of valuing ABB by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
ABB Corporate Directors
ABB corporate directors refer to members of an ABB board of directors. The board of directors generally takes responsibility for the ABB's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of ABB's board members must vote for the resolution. The ABB board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Frederico Curado | Non-Executive Member of the Board of Directors | Profile | |
| Jennifer Li | Non-Executive Independent Director | Profile | |
| David Constable | Non-Executive Member of the Board of Directors | Profile | |
| Gunnar Brock | Non-Executive Independent Director | Profile |
Still Interested in ABB Ltd ADR?
Investing in delisted delisted stocks can be risky, as the stock is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics. Note that the ABB Ltd ADR information on this page should be used as a complementary analysis to other ABB's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Other Consideration for investing in ABB Stock
If you are still planning to invest in ABB Ltd ADR check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the ABB's history and understand the potential risks before investing.
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