Stock Analysis on Net

Automatic Data Processing Inc. (NASDAQ:ADP)

$17.99

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Capital Asset Pricing Model (CAPM)

Microsoft Excel LibreOffice Calc

Paying users area

The data is hidden behind: . Unhide it.

  • Get 1-month access to Automatic Data Processing Inc. for $17.99, or

  • get full access to the entire website for at least 3 months from $49.99.

This is a one-time payment. There is no automatic renewal.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Apple Pay Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Rates of Return

Automatic Data Processing Inc., monthly rates of return

Microsoft Excel LibreOffice Calc
Automatic Data Processing Inc. (ADP) Standard & Poor’s 500 (S&P 500)
t Date PriceADP,t1 DividendADP,t1 RADP,t2 PriceS&P 500,t RS&P 500,t3
Jul 31, 2015
1. Aug 31, 2015
2. Sep 30, 2015
3. Oct 31, 2015
. . . . . . .
. . . . . . .
. . . . . . .
70. May 31, 2021
71. Jun 30, 2021
Average (R):
Standard deviation:
Automatic Data Processing Inc. (ADP) Standard & Poor’s 500 (S&P 500)
t Date PriceADP,t1 DividendADP,t1 RADP,t2 PriceS&P 500,t RS&P 500,t3
Jul 31, 2015
1. Aug 31, 2015
2. Sep 30, 2015
3. Oct 31, 2015
4. Nov 30, 2015
5. Dec 31, 2015
6. Jan 31, 2016
7. Feb 29, 2016
8. Mar 31, 2016
9. Apr 30, 2016
10. May 31, 2016
11. Jun 30, 2016
12. Jul 31, 2016
13. Aug 31, 2016
14. Sep 30, 2016
15. Oct 31, 2016
16. Nov 30, 2016
17. Dec 31, 2016
18. Jan 31, 2017
19. Feb 28, 2017
20. Mar 31, 2017
21. Apr 30, 2017
22. May 31, 2017
23. Jun 30, 2017
24. Jul 31, 2017
25. Aug 31, 2017
26. Sep 30, 2017
27. Oct 31, 2017
28. Nov 30, 2017
29. Dec 31, 2017
30. Jan 31, 2018
31. Feb 28, 2018
32. Mar 31, 2018
33. Apr 30, 2018
34. May 31, 2018
35. Jun 30, 2018
36. Jul 31, 2018
37. Aug 31, 2018
38. Sep 30, 2018
39. Oct 31, 2018
40. Nov 30, 2018
41. Dec 31, 2018
42. Jan 31, 2019
43. Feb 28, 2019
44. Mar 31, 2019
45. Apr 30, 2019
46. May 31, 2019
47. Jun 30, 2019
48. Jul 31, 2019
49. Aug 31, 2019
50. Sep 30, 2019
51. Oct 31, 2019
52. Nov 30, 2019
53. Dec 31, 2019
54. Jan 31, 2020
55. Feb 29, 2020
56. Mar 31, 2020
57. Apr 30, 2020
58. May 31, 2020
59. Jun 30, 2020
60. Jul 31, 2020
61. Aug 31, 2020
62. Sep 30, 2020
63. Oct 31, 2020
64. Nov 30, 2020
65. Dec 31, 2020
66. Jan 31, 2021
67. Feb 28, 2021
68. Mar 31, 2021
69. Apr 30, 2021
70. May 31, 2021
71. Jun 30, 2021
Average (R):
Standard deviation:

Show all

1 Data in US$ per share of common stock, adjusted for splits and stock dividends.

2 Rate of return on common stock of ADP during period t

3 Rate of return on S&P 500 (the market portfolio proxy) during period t


Variance and Covariance

Automatic Data Processing Inc., calculation of variance and covariance of returns

Microsoft Excel LibreOffice Calc
t Date RADP,t RS&P 500,t (RADP,tRADP)2 (RS&P 500,tRS&P 500)2 (RADP,tRADP)×(RS&P 500,tRS&P 500)
1. Aug 31, 2015
2. Sep 30, 2015
3. Oct 31, 2015
. . . . . . .
. . . . . . .
. . . . . . .
70. May 31, 2021
71. Jun 30, 2021
Total (Σ):
t Date RADP,t RS&P 500,t (RADP,tRADP)2 (RS&P 500,tRS&P 500)2 (RADP,tRADP)×(RS&P 500,tRS&P 500)
1. Aug 31, 2015
2. Sep 30, 2015
3. Oct 31, 2015
4. Nov 30, 2015
5. Dec 31, 2015
6. Jan 31, 2016
7. Feb 29, 2016
8. Mar 31, 2016
9. Apr 30, 2016
10. May 31, 2016
11. Jun 30, 2016
12. Jul 31, 2016
13. Aug 31, 2016
14. Sep 30, 2016
15. Oct 31, 2016
16. Nov 30, 2016
17. Dec 31, 2016
18. Jan 31, 2017
19. Feb 28, 2017
20. Mar 31, 2017
21. Apr 30, 2017
22. May 31, 2017
23. Jun 30, 2017
24. Jul 31, 2017
25. Aug 31, 2017
26. Sep 30, 2017
27. Oct 31, 2017
28. Nov 30, 2017
29. Dec 31, 2017
30. Jan 31, 2018
31. Feb 28, 2018
32. Mar 31, 2018
33. Apr 30, 2018
34. May 31, 2018
35. Jun 30, 2018
36. Jul 31, 2018
37. Aug 31, 2018
38. Sep 30, 2018
39. Oct 31, 2018
40. Nov 30, 2018
41. Dec 31, 2018
42. Jan 31, 2019
43. Feb 28, 2019
44. Mar 31, 2019
45. Apr 30, 2019
46. May 31, 2019
47. Jun 30, 2019
48. Jul 31, 2019
49. Aug 31, 2019
50. Sep 30, 2019
51. Oct 31, 2019
52. Nov 30, 2019
53. Dec 31, 2019
54. Jan 31, 2020
55. Feb 29, 2020
56. Mar 31, 2020
57. Apr 30, 2020
58. May 31, 2020
59. Jun 30, 2020
60. Jul 31, 2020
61. Aug 31, 2020
62. Sep 30, 2020
63. Oct 31, 2020
64. Nov 30, 2020
65. Dec 31, 2020
66. Jan 31, 2021
67. Feb 28, 2021
68. Mar 31, 2021
69. Apr 30, 2021
70. May 31, 2021
71. Jun 30, 2021
Total (Σ):

Show all

VarianceADP = Σ(RADP,tRADP)2 ÷ (71 – 1)
= ÷ (71 – 1)
=

VarianceS&P 500 = Σ(RS&P 500,tRS&P 500)2 ÷ (71 – 1)
= ÷ (71 – 1)
=

CovarianceADP, S&P 500 = Σ(RADP,tRADP)×(RS&P 500,tRS&P 500) ÷ (71 – 1)
= ÷ (71 – 1)
=


Systematic Risk (β) Estimation

Microsoft Excel LibreOffice Calc
VarianceADP
VarianceS&P 500
CovarianceADP, S&P 500
Correlation coefficientADP, S&P 5001
βADP2
αADP3

Calculations

1 Correlation coefficientADP, S&P 500
= CovarianceADP, S&P 500 ÷ (Standard deviationADP × Standard deviationS&P 500)
= ÷ ( × )
=

2 βADP
= CovarianceADP, S&P 500 ÷ VarianceS&P 500
= ÷
=

3 αADP
= AverageADP – βADP × AverageS&P 500
= ×
=


Expected Rate of Return

Microsoft Excel LibreOffice Calc
Assumptions
Rate of return on LT Treasury Composite1 RF
Expected rate of return on market portfolio2 E(RM)
Systematic risk (β) of Automatic Data Processing Inc. common stock βADP
 
Expected rate of return on Automatic Data Processing Inc. common stock3 E(RADP)

1 Unweighted average of bid yields on all outstanding fixed-coupon U.S. Treasury bonds neither due or callable in less than 10 years (risk-free rate of return proxy).

2 See details »

3 E(RADP) = RF + βADP [E(RM) – RF]
= + []
=