Kimberly Clark Correlations

KMB Stock

USD 130.13 1.84 1.43%

The current 90-days correlation between Kimberly Clark and Colgate Palmolive is 0.78 (i.e., Poor diversification). The correlation of Kimberly Clark 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.

Kimberly Clark Correlation With Market

Modest diversification

The correlation between Kimberly Clark and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kimberly Clark and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kimberly Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimberly Clark. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Kimberly Stock refer to our How to Trade Kimberly Stock guide.

Moving together with Kimberly Stock

0.64	PG	Procter Gamble	Pair Corr
0.75	CENTA	Central Garden Pet	Pair Corr

Moving against Kimberly Stock

0.34

YSG

Yatsen Holding

Pair Corr

Related Correlations Analysis

	CL	CHD	UL	PG	CLX	EL	RBGLY
CL		0.34	0.21	0.54	0.49	-0.38	-0.19	CL
CHD	0.34		-0.56	0.66	0.34	-0.12	-0.07	CHD
UL	0.21	-0.56		0.03	-0.31	0.07	0.32	UL
PG	0.54	0.66	0.03		0.2	0.01	0.16	PG
CLX	0.49	0.34	-0.31	0.2		-0.61	-0.63	CLX
EL	-0.38	-0.12	0.07	0.01	-0.61		0.74	EL
RBGLY	-0.19	-0.07	0.32	0.16	-0.63	0.74		RBGLY
	CL	CHD	UL	PG	CLX	EL	RBGLY

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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

RBGLY	+ 0.74	EL
PG	+ 0.66	CHD
PG	+ 0.54	CL
CLX	+ 0.49	CL
CHD	+ 0.34	CL
CLX	+ 0.34	CHD

High negative correlations

RBGLY	- 0.63	CLX
EL	- 0.61	CLX
UL	- 0.56	CHD
EL	- 0.38	CL
CLX	- 0.31	UL
RBGLY	- 0.19	CL

Risk-Adjusted Indicators

There is a big difference between Kimberly Stock performing well and Kimberly Clark 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 Kimberly Clark'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
CL	1.09	(0.01)	(0.02)	(0.05)	1.44	(1.23)	2.40	(2.70)	7.25
CHD	1.10	(0.16)	0.00	(0.60)	0.00	0.00	2.03	(2.12)	9.36
UL	0.97	0.09	0.05	0.52	1.26	(1.08)	2.63	(1.85)	8.71
PG	1.07	(0.07)	0.00	(0.16)	0.00	0.00	2.29	(2.15)	7.30
CLX	1.12	(0.22)	0.00	(2.23)	0.00	0.00	2.18	(2.69)	5.81
EL	2.41	0.26	0.07	0.17	3.74	(2.39)	5.29	(5.08)	18.21
RBGLY	1.25	0.11	0.03	(108.30)	2.33	(1.26)	2.34	(3.09)	11.35

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