Correlation Analysis
EUR/USD Exchange Rate vs Acco Group Holdings Limited Class A Ordinary Shares
DEXUSEU vs ACCL
-0.335
Light inverse
When one moves up, the other tends to move down.
EUR/USD Exchange Rate
DEXUSEU
Acco Group Holdings Limited Class A Ordinary Shares
↗ACCL
Acco Group Holdings Ltd is a holding company. Through its Operating Subsidiaries, it is a multi-disciplinary, IT-driven corporate service provider with a presence in Hong Kong and Singapore. Under the Accolade brand, it specializes in offering corporate secretarial services and accounting services in Hong Kong, as well as intellectual properties (IP) registration services in Singapore. Leveraging developed IT solutions, It provides comprehensive, reliable and professional support to its clients, enabling them to focus on their core business activities while it manages and handles their corporate compliance needs. Its clientele ranges from individual clients, small and medium-sized enterprises to multinational corporations, reflecting its ability to cater to diverse business needs.
Market cap 19.5M · 22 employees
AI Analysis
The negative correlation between the DEXUSEU exchange rate and Acco Group Holdings' stock suggests that as the value of the Euro strengthens against the U.S. dollar, Acco's stock tends to decline, indicating potential sensitivity to currency fluctuations. The lead-lag relationship, with the Euro moving ahead of Acco's stock by six periods, highlights the importance of monitoring currency trends as they may influence investment decisions in Acco. However, with only 11.2% of the variance explained, investors should be cautious; this relationship may not provide a reliable predictive signal and should be considered alongside other factors.
Time Series
Relative Performance
Who Moves First
EUR/USD Exchange Rate leads ACCL by 6 days
EUR/USD Exchange Rate tends to move before ACCL.
After testing 13 timing shifts, the strongest relationship was -0.415 (they moved in opposite directions).
Stability
Rolling Correlation
How the correlation evolves over time. A stable line means the relationship is reliable; large swings signal regime-dependent behavior.
Do They Crash Together?
Correlation by Market Regime
How these series behave when markets are rising, falling, or diverging. A correlation that holds in drawdowns is very different from one that only works in rallies.
Both Rising
+0.148
15 periods · Return correlation when both series rose
Both Falling
-0.177
33 periods · Return correlation when both series fell
Diverging
-0.616
65 periods · Return correlation when series moved apart
R-Squared
11.2%
Share of variance in one series explained by the other.
Trend Agreement
45.3%
How often both series moved in the same direction period-to-period.
Overlap Quality
114
Usable shared window — 114 usable pairs.
Significance
p < 0.001
95% CI: [-0.489, -0.161]
Scatter
XY Regression
Pipeline
Data quality details
Pipeline
Data quality details
Pipeline Summary
114 paired data points survived the daily window.
Raw input
6,834
118
Normalized
6,834
118
Prepared
6,834
118
Aligned
114
114
Invalid removed
0
A: 0 / B: 0
Duplicates removed
0
A: 0 / B: 0
Alignment drops
6,724
A: 6720 / B: 4
Series A
DEXUSEU
FRED · 6,834 raw → 6,834 prepared
Series B
Acco Group Holdings Limited Class A Ordinary Shares
ACCL
Market cap 19.5M · 22 employees
Stock · 118 raw → 118 prepared
Sign agreement
100.0%
How often both values share the same sign.
Zero crossings
3
Estimated crossover points between normalized spreads.
Slope
-31.1572
Linear regression slope.
Intercept
38.9383
Linear regression intercept.
Related Extremes
Highest and Lowest Correlated
Saved 5 hours ago · ID: fred-dexuseu-vs-stock-accl-daily