ELF Beauty Correlations

ELF Stock

USD 124.44 1.89 1.50%

The current 90-days correlation between ELF Beauty and Alcoa Corp is 0.45 (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 0.48 (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.

Build AI portfolio with ELF Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ELF Beauty. 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.

For more detail on how to invest in ELF Stock please use our How to Invest in ELF Beauty guide.

Moving together with ELF Stock

0.88	EL	Estee Lauder Companies	Pair Corr
0.9	EWCZ	European Wax Center	Pair Corr
0.85	NUS	Nu Skin Enterprises	Pair Corr
0.72	PHH	Park Ha Biological	Pair Corr
0.89	YSG	Yatsen Holding	Pair Corr
0.7	HIMS	Hims Hers Health Aggressive Push	Pair Corr
0.92	IPAR	Inter Parfums	Pair Corr
0.77	SKIN	Beauty Health	Pair Corr
0.68	SLSN	Solesence, Common Stock	Pair Corr
0.9	DG	Dollar General Sell-off Trend	Pair Corr
0.73	IH	Ihuman Inc	Pair Corr

Moving against ELF Stock

0.89	CLX	Clorox	Pair Corr
0.87	EPC	Edgewell Personal Care	Pair Corr
0.75	SPB	Spectrum Brands Holdings	Pair Corr
0.57	BSLKW	Bolt Projects Holdings, Symbol Change	Pair Corr
0.57	RAY	Raytech Holding	Pair Corr
0.49	KVUE	Kenvue Inc Potential Growth	Pair Corr
0.47	CL	Colgate Palmolive	Pair Corr
0.47	HELE	Helen of Troy	Pair Corr
0.38	CHD	Church Dwight	Pair Corr
0.34	DSYWW	Big Tree Cloud	Pair Corr
0.32	KMB	Kimberly Clark	Pair Corr
0.9	JZ	Jianzhi Education	Pair Corr
0.87	BSLK	Bolt Projects Holdings, Symbol Change	Pair Corr
0.81	DNUT	Krispy Kreme Buyout Trend	Pair Corr
0.62	K	Kellanova	Pair Corr
0.59	BJ	BJs Wholesale Club Downward Rally	Pair Corr
0.57	GO	Grocery Outlet Holding	Pair Corr
0.48	VSTA	Vasta Platform	Pair Corr
0.33	COTY	Coty Inc	Pair Corr
0.32	GV	Visionary Education	Pair Corr

Related Correlations Analysis

	DIS	BAC	TRV	KO	CAT	AXP	AA	MCD	T
DIS		0.96	0.7	-0.22	0.97	0.95	0.69	-0.42	0.59	DIS
BAC	0.96		0.77	-0.15	0.98	0.97	0.72	-0.35	0.65	BAC
TRV	0.7	0.77		0.25	0.72	0.77	0.51	0.23	0.62	TRV
KO	-0.22	-0.15	0.25		-0.19	-0.14	-0.23	0.6	0.29	KO
CAT	0.97	0.98	0.72	-0.19		0.96	0.75	-0.42	0.65	CAT
AXP	0.95	0.97	0.77	-0.14	0.96		0.64	-0.3	0.59	AXP
AA	0.69	0.72	0.51	-0.23	0.75	0.64		-0.21	0.51	AA
MCD	-0.42	-0.35	0.23	0.6	-0.42	-0.3	-0.21		-0.13	MCD
T	0.59	0.65	0.62	0.29	0.65	0.59	0.51	-0.13		T
	DIS	BAC	TRV	KO	CAT	AXP	AA	MCD	T

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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

CAT	+ 0.98	BAC
CAT	+ 0.97	DIS
AXP	+ 0.97	BAC
BAC	+ 0.96	DIS
AXP	+ 0.96	CAT
AXP	+ 0.95	DIS

High negative correlations

MCD	- 0.42	CAT
MCD	- 0.42	DIS
MCD	- 0.35	BAC
MCD	- 0.3	AXP
AA	- 0.23	KO
KO	- 0.22	DIS

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
DIS	1.64	0.27	0.11	0.25	2.32	(1.89)	3.12	(2.63)	18.68
BAC	1.41	0.11	0.04	0.16	2.75	(1.35)	3.59	(3.22)	12.23
TRV	1.08	0.00	(0.01)	0.06	1.71	(1.09)	2.33	(2.16)	8.94
KO	0.90	0.01	(0.03)	0.10	1.17	(0.90)	1.84	(1.70)	7.02
CAT	1.56	0.14	0.06	0.17	2.14	(1.60)	3.10	(2.83)	13.82
AXP	1.68	0.16	0.07	0.16	2.56	(1.70)	3.09	(3.50)	19.28
AA	2.80	(0.22)	0.00	(0.06)	0.00	0.00	5.57	(8.15)	22.73
MCD	0.92	(0.12)	0.00	(0.31)	0.00	0.00	2.07	(1.86)	7.86
T	1.17	0.07	0.01	0.28	1.83	(1.14)	2.36	(2.62)	8.83

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