Clorox Correlations
| CLX Stock | USD 106.87 1.21 1.15% |
The current 90-days correlation between Clorox and Academy Sports Outdoors is 0.29 (i.e., Modest diversification). The correlation of Clorox 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Clorox Correlation With Market
Average diversification
The correlation between The Clorox and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Clorox and DJI in the same portfolio, assuming nothing else is changed.
Moving together with Clorox Stock
| 0.73 | PG | Procter Gamble Sell-off Trend | PairCorr |
| 0.79 | ENR | Energizer Holdings | PairCorr |
| 0.89 | KMB | Kimberly Clark | PairCorr |
| 0.83 | ODC | Oil Dri | PairCorr |
| 0.72 | AAGH | America Great Health | PairCorr |
| 0.82 | REZNF | Hash | PairCorr |
Moving against Clorox Stock
| 0.89 | PNGM | Er Therapeutics | PairCorr |
| 0.34 | STI | Solidion Technology | PairCorr |
| 0.83 | PYXS | Pyxis Oncology | PairCorr |
| 0.8 | COHR | Coherent | PairCorr |
| 0.78 | PTCT | PTC Therapeutics | PairCorr |
| 0.69 | ALIUSD | Aluminum Futures | PairCorr |
| 0.47 | AITLF | Airtificial Intelligence | PairCorr |
| 0.46 | UDIRY | United Internet AG | PairCorr |
| 0.45 | DVLT | Datavault AI Symbol Change | PairCorr |
| 0.39 | WLWHY | Woolworths Holdings | PairCorr |
| 0.34 | TORO | Toro | PairCorr |
| 0.89 | DD | Dupont De Nemours | PairCorr |
| 0.85 | NESR | National Energy Services | PairCorr |
| 0.8 | PCWLF | PCCW Limited | PairCorr |
| 0.78 | COOP | Mr Cooper Group | PairCorr |
| 0.71 | NOBH | Nobility Homes | PairCorr |
| 0.65 | CMCLF | China Molybdenum | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.09 | -0.31 | -0.46 | ASO | ||
| 0.0 | -1.0 | -1.0 | 0.0 | 0.0 | 0.0 | VICFF | ||
| 0.0 | -1.0 | 1.0 | 0.0 | 0.0 | 0.0 | XTMM | ||
| 0.0 | -1.0 | 1.0 | 0.0 | 0.0 | 0.0 | NIROF | ||
| 0.09 | 0.0 | 0.0 | 0.0 | 0.53 | -0.35 | BHC | ||
| -0.31 | 0.0 | 0.0 | 0.0 | 0.53 | -0.03 | SBRA | ||
| -0.46 | 0.0 | 0.0 | 0.0 | -0.35 | -0.03 | IPOOF | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Clorox Stock performing well and Clorox 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 Clorox'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASO | 2.15 | (0.25) | 0.00 | (0.07) | 0.00 | 4.54 | 12.38 | |||
| VICFF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XTMM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| NIROF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BHC | 2.08 | (0.19) | 0.00 | (1.87) | 0.00 | 4.30 | 17.17 | |||
| SBRA | 1.04 | 0.03 | (0.02) | 0.24 | 1.20 | 1.98 | 5.44 | |||
| IPOOF | 1.73 | 0.18 | 0.07 | 0.32 | 2.08 | 3.66 | 10.24 |