Kenvue Correlations

KVUE Stock

16.66 0.11 0.66%

The current 90-days correlation between Kenvue Inc and Kimberly Clark is -0.27 (i.e., Very good diversification). The correlation of Kenvue 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.

Kenvue Correlation With Market

Significant diversification

The correlation between Kenvue Inc and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kenvue Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kenvue Stock

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

Moving together with Kenvue Stock

0.71	603983	Guangdong Marubi Bio	Pair Corr
0.86	SYHO	Synergie Wellness	Pair Corr
0.61	TCI	Transcontinental Realty	Pair Corr
0.7	MPXOF	MPX International Corp	Pair Corr

Moving against Kenvue Stock

0.93	GLW	Corning Incorporated Sell-off Trend	Pair Corr
0.92	TSLA	Tesla Inc	Pair Corr
0.86	PTITF	PT Indosat Tbk	Pair Corr
0.85	CLSK	CleanSpark	Pair Corr
0.76	EUUNF	Azarga Metals Corp	Pair Corr
0.72	XYL	Xylem Inc	Pair Corr
0.67	ATCD	Altair Corp	Pair Corr
0.66	LSRCY	Lasertec	Pair Corr
0.65	PTAIY	Astra International Tbk	Pair Corr
0.63	BLFS	BioLife Solutions	Pair Corr
0.52	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.51	EL	Estee Lauder Companies	Pair Corr
0.38	002919	Mingchen Health	Pair Corr
0.35	KEP	Korea Electric Power Earnings Call This Week	Pair Corr
0.9	CVI	CVR Energy	Pair Corr
0.88	UEC	Uranium Energy Corp	Pair Corr
0.87	DRDGF	Drdgold	Pair Corr
0.82	PATH	Uipath Inc	Pair Corr
0.81	BLNK	Blink Charging	Pair Corr
0.81	BHR-PD	Braemar Hotels Resorts	Pair Corr
0.79	PLG	Platinum Group Metals	Pair Corr
0.77	NB	NioCorp Developments Buyout Trend	Pair Corr
0.74	SSLLF	Siltronic AG	Pair Corr
0.72	IONQ	IONQ Inc	Pair Corr
0.72	FET	Forum Energy Technologies Earnings Call This Week	Pair Corr
0.72	INVX	Innovex International,	Pair Corr
0.69	NEE	Nextera Energy	Pair Corr
0.67	BK	Bank of New York	Pair Corr

Related Correlations Analysis

	KMB	EL	ADM	K	HSY	CHD	JBS	SYY	KDP	KHC
KMB		-0.19	0.6	-0.66	0.54	0.73	0.64	0.78	0.49	0.86	KMB
EL	-0.19		0.32	0.59	-0.16	-0.39	-0.62	-0.35	0.0	-0.34	EL
ADM	0.6	0.32		-0.24	0.54	0.36	0.23	0.49	0.07	0.44	ADM
K	-0.66	0.59	-0.24		-0.31	-0.62	-0.84	-0.59	-0.29	-0.75	K
HSY	0.54	-0.16	0.54	-0.31		0.25	0.22	0.82	-0.23	0.37	HSY
CHD	0.73	-0.39	0.36	-0.62	0.25		0.76	0.54	0.55	0.79	CHD
JBS	0.64	-0.62	0.23	-0.84	0.22	0.76		0.57	0.27	0.78	JBS
SYY	0.78	-0.35	0.49	-0.59	0.82	0.54	0.57		0.06	0.7	SYY
KDP	0.49	0.0	0.07	-0.29	-0.23	0.55	0.27	0.06		0.58	KDP
KHC	0.86	-0.34	0.44	-0.75	0.37	0.79	0.78	0.7	0.58		KHC
	KMB	EL	ADM	K	HSY	CHD	JBS	SYY	KDP	KHC

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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

KHC	+ 0.86	KMB
SYY	+ 0.82	HSY
KHC	+ 0.79	CHD
SYY	+ 0.78	KMB
KHC	+ 0.78	JBS
JBS	+ 0.76	CHD

High negative correlations

JBS	- 0.84	K
KHC	- 0.75	K
K	- 0.66	KMB
CHD	- 0.62	K
JBS	- 0.62	EL
SYY	- 0.59	K

Risk-Adjusted Indicators

There is a big difference between Kenvue Stock performing well and Kenvue 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 Kenvue'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	1.06	(0.39)	0.00	(0.59)	0.00	0.00	1.48	(2.21)	17.56
EL	1.90	(0.11)	(0.03)	0.00	2.30	(2.18)	4.11	(3.66)	11.26
ADM	1.16	0.00	(0.04)	(0.32)	1.61	(1.24)	2.91	(2.19)	9.64
K	0.30	0.06	(0.01)	1.11	0.13	(0.37)	0.56	(0.57)	5.35
HSY	1.17	(0.03)	(0.04)	0.01	1.52	(1.19)	2.37	(2.51)	8.57
CHD	1.03	(0.15)	0.00	(0.64)	0.00	0.00	1.52	(2.39)	9.75
JBS	1.34	(0.07)	0.00	(1.17)	0.00	0.00	2.80	(2.71)	9.98
SYY	0.92	(0.15)	0.00	(0.30)	0.00	0.00	1.87	(1.86)	5.09
KDP	1.52	(0.39)	0.00	(0.40)	0.00	0.00	2.34	(4.28)	13.51
KHC	1.14	(0.17)	0.00	(0.25)	0.00	0.00	2.03	(3.03)	9.65

Kenvue Corporate Management

Tina Romani	Head Relations	Profile
Charmaine England	Chief Officer	Profile
Bernardo Tavares	Chief Officer	Profile
Ellie Xie	Executive Officer	Profile
Heather Howlett	Chief Officer	Profile
Sofya Tsinis	Head Relations	Profile
Caroline Tillett	Chief Officer	Profile

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