Unilever PLC Correlations

UL Stock

USD 59.01 0.32 0.54%

The current 90-days correlation between Unilever PLC ADR and Colgate Palmolive is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Unilever PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unilever PLC ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Unilever PLC Correlation With Market

Average diversification

The correlation between Unilever PLC ADR and DJI 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 Unilever PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unilever PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

Moving together with Unilever Stock

0.7	CL	Colgate Palmolive	Pair Corr
0.74	PG	Procter Gamble	Pair Corr
0.65	KMB	Kimberly Clark Earnings Call This Week	Pair Corr
0.61	K	Kellanova Earnings Call Tomorrow	Pair Corr

Moving against Unilever Stock

0.72	EL	Estee Lauder Companies	Pair Corr
0.6	ACU	Acme United	Pair Corr
0.58	NWL	Newell Brands Earnings Call This Week	Pair Corr
0.57	YSG	Yatsen Holding	Pair Corr
0.49	NUS	Nu Skin Enterprises	Pair Corr
0.44	UG	United Guardian	Pair Corr
0.43	GROV	Virgin Group Acquisition	Pair Corr
0.4	MED	MEDIFAST INC Earnings Call This Week	Pair Corr
0.31	ELF	ELF Beauty Earnings Call This Week	Pair Corr
0.73	DTCK	Davis Commodities	Pair Corr
0.68	DLTR	Dollar Tree	Pair Corr
0.66	VITL	Vital Farms Earnings Call Next Week	Pair Corr
0.56	DSYWW	Big Tree Cloud	Pair Corr
0.51	SHOT	Safety Shot	Pair Corr
0.48	YQ	17 Education Technology	Pair Corr
0.46	TR	Tootsie Roll Industries	Pair Corr
0.41	SKIN	Beauty Health	Pair Corr
0.37	KR	Kroger Company	Pair Corr

Related Correlations Analysis

	CLX	CL	PG	CHD	KMB	EL	ELF	COTY	KVUE
CLX		0.34	0.23	-0.23	0.28	-0.65	-0.89	0.42	0.81	CLX
CL	0.34		0.62	0.37	0.59	-0.43	-0.26	0.18	0.22	CL
PG	0.23	0.62		0.34	0.87	-0.5	-0.11	0.02	0.44	PG
CHD	-0.23	0.37	0.34		0.18	0.28	0.45	0.21	-0.39	CHD
KMB	0.28	0.59	0.87	0.18		-0.48	-0.22	0.03	0.53	KMB
EL	-0.65	-0.43	-0.5	0.28	-0.48		0.75	0.04	-0.67	EL
ELF	-0.89	-0.26	-0.11	0.45	-0.22	0.75		-0.15	-0.77	ELF
COTY	0.42	0.18	0.02	0.21	0.03	0.04	-0.15		0.18	COTY
KVUE	0.81	0.22	0.44	-0.39	0.53	-0.67	-0.77	0.18		KVUE
	CLX	CL	PG	CHD	KMB	EL	ELF	COTY	KVUE

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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

KMB	+ 0.87	PG
KVUE	+ 0.81	CLX
ELF	+ 0.75	EL
PG	+ 0.62	CL
KMB	+ 0.59	CL
KVUE	+ 0.53	KMB

High negative correlations

ELF	- 0.89	CLX
KVUE	- 0.77	ELF
KVUE	- 0.67	EL
EL	- 0.65	CLX
EL	- 0.5	PG
EL	- 0.48	KMB

Risk-Adjusted Indicators

There is a big difference between Unilever Stock performing well and Unilever PLC 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 Unilever PLC'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
CLX	1.08	(0.30)	0.00	(0.11)	0.00	0.00	2.20	(2.64)	5.76
CL	0.83	(0.15)	0.00	(0.25)	0.00	0.00	1.86	(1.64)	5.44
PG	0.73	(0.12)	0.00	(0.04)	0.00	0.00	1.23	(1.62)	4.87
CHD	0.84	(0.18)	0.00	(0.06)	0.00	0.00	1.68	(1.61)	7.34
KMB	0.83	(0.14)	0.00	(0.07)	0.00	0.00	1.72	(1.94)	5.15
EL	1.94	0.37	0.26	0.32	1.52	(2.23)	5.33	(3.30)	14.71
ELF	2.52	0.77	0.35	0.50	1.99	(3.02)	9.28	(4.41)	30.14
COTY	2.01	(0.26)	(0.04)	0.02	2.77	(2.27)	5.47	(3.05)	14.59
KVUE	1.15	(0.08)	0.00	(0.07)	0.00	0.00	2.25	(2.10)	10.27

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