Correlation Between Natures Sunshine and FitLife Brands,
Can any of the company-specific risk be diversified away by investing in both Natures Sunshine and FitLife Brands, at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Natures Sunshine and FitLife Brands, into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Natures Sunshine Products and FitLife Brands, Common, you can compare the effects of market volatilities on Natures Sunshine and FitLife Brands, and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Natures Sunshine with a short position of FitLife Brands,. Check out your portfolio center. Please also check ongoing floating volatility patterns of Natures Sunshine and FitLife Brands,.
Diversification Opportunities for Natures Sunshine and FitLife Brands,
-0.35 | Correlation Coefficient |
Very good diversification
The 3 months correlation between Natures and FitLife is -0.35. Overlapping area represents the amount of risk that can be diversified away by holding Natures Sunshine Products and FitLife Brands, Common in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on FitLife Brands, Common and Natures Sunshine is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Natures Sunshine Products are associated (or correlated) with FitLife Brands,. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of FitLife Brands, Common has no effect on the direction of Natures Sunshine i.e., Natures Sunshine and FitLife Brands, go up and down completely randomly.
Pair Corralation between Natures Sunshine and FitLife Brands,
Given the investment horizon of 90 days Natures Sunshine Products is expected to generate 3.0 times more return on investment than FitLife Brands,. However, Natures Sunshine is 3.0 times more volatile than FitLife Brands, Common. It trades about 0.29 of its potential returns per unit of risk. FitLife Brands, Common is currently generating about 0.05 per unit of risk. If you would invest 1,418 in Natures Sunshine Products on August 18, 2025 and sell it today you would earn a total of 699.00 from holding Natures Sunshine Products or generate 49.29% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Insignificant |
| Accuracy | 100.0% |
| Values | Daily Returns |
Natures Sunshine Products vs. FitLife Brands, Common
Performance |
| Timeline |
| Natures Sunshine Products |
| FitLife Brands, Common |
Natures Sunshine and FitLife Brands, Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Natures Sunshine and FitLife Brands,
The main advantage of trading using opposite Natures Sunshine and FitLife Brands, positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Natures Sunshine position performs unexpectedly, FitLife Brands, can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in FitLife Brands, will offset losses from the drop in FitLife Brands,'s long position.| Natures Sunshine vs. FitLife Brands, Common | Natures Sunshine vs. BRC Inc | Natures Sunshine vs. European Wax Center | Natures Sunshine vs. Above Food Ingredients |
| FitLife Brands, vs. Above Food Ingredients | FitLife Brands, vs. Natures Sunshine Products | FitLife Brands, vs. Beauty Health Co | FitLife Brands, vs. European Wax Center |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
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