Church Dwight Correlations

CHD Stock

USD 97.06 1.05 1.07%

The current 90-days correlation between Church Dwight and Kimberly Clark is 0.65 (i.e., Poor diversification). The correlation of Church Dwight is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Church Dwight Correlation With Market

Very weak diversification

The correlation between Church Dwight and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Church Dwight and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Church Dwight. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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Moving against Church Stock

0.41	FTLF	FitLife Brands, Common	Pair Corr
0.31	SPB	Spectrum Brands Holdings	Pair Corr
0.54	BSLK	Bolt Projects Holdings, Symbol Change	Pair Corr
0.41	WAFU	Wah Fu Education	Pair Corr
0.35	TKLF	Yoshitsu	Pair Corr

Related Correlations Analysis

	KMB	CL	UL	PG	CLX	RBGPF	KCDMY	LRLCY	SSDOY	EL
KMB		0.59	0.63	0.87	0.32	-0.14	-0.19	0.02	-0.43	-0.48	KMB
CL	0.59		0.69	0.69	0.4	-0.08	-0.14	0.49	-0.07	-0.46	CL
UL	0.63	0.69		0.78	0.4	-0.09	-0.48	0.19	-0.4	-0.71	UL
PG	0.87	0.69	0.78		0.3	-0.15	-0.32	0.11	-0.38	-0.56	PG
CLX	0.32	0.4	0.4	0.3		-0.57	-0.22	0.28	-0.61	-0.78	CLX
RBGPF	-0.14	-0.08	-0.09	-0.15	-0.57		0.48	0.23	0.35	0.51	RBGPF
KCDMY	-0.19	-0.14	-0.48	-0.32	-0.22	0.48		0.09	0.22	0.53	KCDMY
LRLCY	0.02	0.49	0.19	0.11	0.28	0.23	0.09		0.28	-0.04	LRLCY
SSDOY	-0.43	-0.07	-0.4	-0.38	-0.61	0.35	0.22	0.28		0.57	SSDOY
EL	-0.48	-0.46	-0.71	-0.56	-0.78	0.51	0.53	-0.04	0.57		EL
	KMB	CL	UL	PG	CLX	RBGPF	KCDMY	LRLCY	SSDOY	EL

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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

PG	+ 0.87	KMB
PG	+ 0.78	UL
UL	+ 0.69	CL
PG	+ 0.69	CL
UL	+ 0.63	KMB
CL	+ 0.59	KMB

High negative correlations

EL	- 0.78	CLX
EL	- 0.71	UL
SSDOY	- 0.61	CLX
RBGPF	- 0.57	CLX
EL	- 0.56	PG
KCDMY	- 0.48	UL

Risk-Adjusted Indicators

There is a big difference between Church Stock performing well and Church Dwight 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 Church Dwight'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
KMB	0.90	(0.25)	0.00	(0.37)	0.00	0.00	1.72	(1.95)	5.15
CL	0.86	(0.17)	0.00	(0.34)	0.00	0.00	1.86	(1.64)	5.44
UL	0.73	(0.11)	0.00	(0.29)	0.00	0.00	1.35	(1.68)	5.16
PG	0.83	(0.21)	0.00	(0.18)	0.00	0.00	1.29	(1.90)	5.02
CLX	1.13	0.03	0.00	0.15	0.00	0.00	2.44	(2.54)	5.76
RBGPF	1.20	0.09	(0.03)	0.77	1.45	(2.20)	3.81	(2.44)	13.22
KCDMY	1.26	0.26	(0.01)	(0.57)	1.36	(1.50)	3.11	(2.01)	7.80
LRLCY	1.23	(0.07)	(0.09)	0.11	1.38	(1.31)	2.66	(2.14)	6.96
SSDOY	1.84	(0.13)	(0.08)	0.00	2.34	(2.04)	4.16	(3.83)	13.77
EL	1.88	0.44	0.29	0.46	1.32	(2.20)	5.33	(3.30)	14.71

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