ELF Beauty Correlations
ELF Stock | USD 119.22 1.56 1.33% |
The current 90-days correlation between ELF Beauty and Coty Inc is 0.5 (i.e., Very weak diversification). The correlation of ELF Beauty 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.
ELF Beauty Correlation With Market
Very weak diversification
The correlation between ELF Beauty and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ELF Beauty and DJI in the same portfolio, assuming nothing else is changed.
Moving together with ELF Stock
0.78 | EL | Estee Lauder Companies | PairCorr |
0.86 | EWCZ | European Wax Center | PairCorr |
0.62 | MED | MEDIFAST INC | PairCorr |
0.85 | NUS | Nu Skin Enterprises | PairCorr |
0.87 | YSG | Yatsen Holding Downward Rally | PairCorr |
0.89 | IPAR | Inter Parfums | PairCorr |
0.76 | SKIN | Beauty Health | PairCorr |
0.8 | SLSN | Solesence, Common Stock | PairCorr |
0.89 | DG | Dollar General | PairCorr |
Moving against ELF Stock
0.9 | CLX | Clorox Earnings Call This Week | PairCorr |
0.87 | EPC | Edgewell Personal Care | PairCorr |
0.83 | SPB | Spectrum Brands Holdings | PairCorr |
0.74 | KVUE | Kenvue Inc Aggressive Push | PairCorr |
0.7 | XAGE | Longevity Health Hol Symbol Change | PairCorr |
0.57 | FTLF | FitLife Brands, Common | PairCorr |
0.53 | BSLKW | Bolt Projects Holdings, Symbol Change | PairCorr |
0.47 | MTEX | Mannatech Incorporated | PairCorr |
0.36 | CL | Colgate Palmolive | PairCorr |
0.35 | DSY | Big Tree Cloud | PairCorr |
0.34 | UL | Unilever PLC ADR Earnings Call This Week | PairCorr |
0.32 | SHOT | Safety Shot | PairCorr |
0.89 | WGRX | Wellgistics Health, | PairCorr |
0.88 | JZ | Jianzhi Education | PairCorr |
0.82 | GO | Grocery Outlet Holding | PairCorr |
0.73 | BSLK | Bolt Projects Holdings, Symbol Change | PairCorr |
0.71 | K | Kellanova Earnings Call Tomorrow | PairCorr |
0.64 | DOLE | Dole PLC | PairCorr |
0.63 | BJ | BJs Wholesale Club | PairCorr |
0.63 | DNUT | Krispy Kreme Trending | PairCorr |
0.46 | YI | 111 Inc | PairCorr |
0.41 | KO | Coca Cola Sell-off Trend | PairCorr |
Related Correlations Analysis
-0.01 | 0.36 | 0.07 | 0.01 | COTY | ||
-0.01 | 0.45 | 0.27 | -0.53 | EL | ||
0.36 | 0.45 | 0.28 | 0.05 | FIZZ | ||
0.07 | 0.27 | 0.28 | -0.03 | HIMS | ||
0.01 | -0.53 | 0.05 | -0.03 | PG | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between ELF Stock performing well and ELF Beauty 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 ELF Beauty'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
COTY | 2.01 | (0.32) | (0.05) | 0.05 | 2.80 | 5.47 | 14.59 | |||
EL | 1.92 | 0.28 | 0.24 | 0.37 | 1.50 | 5.33 | 14.71 | |||
FIZZ | 1.25 | (0.06) | (0.08) | 0.15 | 1.29 | 2.99 | 6.95 | |||
HIMS | 5.17 | 1.23 | 0.18 | 1.24 | 6.16 | 15.92 | 57.66 | |||
PG | 0.80 | (0.17) | 0.00 | (0.12) | 0.00 | 1.29 | 5.02 |