ADP vs FORM: Correlation
Automatic Data Processing (ADP) and FormFactor, Inc. (FORM) show a negative relationship: their 3-year correlation of weekly returns is -0.21.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADP and FORM?
On 3 years of weekly data the ADP/FORM correlation comes out at -0.21, negative, meaning they tend to move in opposite directions. The past 12 months show a weaker link (-0.47) than the 3-year average (-0.21). The 5-year figure is -0.02, and annualized covariance runs at -263.4 %².
Within ADP's tracked universe of 43 assets, FORM comes in at #35 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months FORM outperformed by 280.1 percentage points (-3.5% for ADP against +276.6% for FORM). Risk is not evenly split, since FORM carries 2.7 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADP vs FORM: side by side
| ADP (Automatic Data Processing) | FORM (FormFactor, Inc.) | |
|---|---|---|
| 1-year return | -3.5% | +276.6% |
| 5-year return | +52.0% | +178.6% |
| Volatility (ann.) | 21.7% | 58.1% |
| Beta vs S&P 500 | 0.53 | 2.08 |
| Max drawdown (3Y) | -40.8% | -62.7% |
| Market cap | $113.1B | $8.6B |
| P/E (trailing) | 26.0 | 74.5 |
| Dividend yield | 2.36% | 0.00% |
| Sector / category | Industrials | US Listed |
Year-by-year returns
| Year | ADP | FORM |
|---|---|---|
| 2022 | -1.3% | -51.4% |
| 2023 | -0.2% | +87.6% |
| 2024 | +28.4% | +5.5% |
| 2025 | -10.2% | +26.8% |
| 2026 | +12.4% | +97.6% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADP and FORM good diversifiers for each other?
Yes. With a correlation of -0.21, ADP and FORM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between ADP and FORM?
As of 2026-08-27, the correlation of weekly returns between ADP and FORM is -0.21 over 3 years, -0.47 over 1 year and -0.02 over 5 years.
Is FORM a good diversifier for ADP?
Yes. With a correlation of -0.21, ADP and FORM have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.21 mean?
On the −1 to +1 scale, -0.21 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adp-vs-form.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adp-vs-form/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: ADP correlations · FORM correlations
