Nu Skin Correlations

Stocks . USA . 
Stock . Nu Skin Enterprises
NUS Stock  USD 7.13  0.09  1.25%   
The current 90-days correlation between Nu Skin Enterprises and USANA Health Sciences is 0.19 (i.e., Average diversification). The correlation of Nu Skin 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.

Nu Skin Correlation With Market

Good diversification

The correlation between Nu Skin Enterprises and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nu Skin Enterprises and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nu Skin Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with NUS Stock

  0.63CHD Church DwightPairCorr
  0.77HLF Herbalife NutritionPairCorr
  0.72KMB Kimberly ClarkPairCorr
  0.68ODC Oil DriPairCorr
  0.78KVUE Kenvue IncPairCorr

Moving against NUS Stock

  0.58ENR Energizer HoldingsPairCorr
  0.55ELF ELF BeautyPairCorr
  0.54EWCZ European Wax CenterPairCorr
  0.47XAGE Longevity Health Hol Symbol ChangePairCorr
  0.46DSY Big Tree CloudPairCorr
  0.46FTLF FitLife Brands, CommonPairCorr
  0.34VERU Veru IncPairCorr
  0.33WALD Waldencast AcquisitionPairCorr
  0.32CLX CloroxPairCorr
  0.67HNST Honest CompanyPairCorr
  0.63NWL Newell BrandsPairCorr
  0.6NAII Natural AlternativesPairCorr
  0.58MED MEDIFAST INCPairCorr
  0.54SPB Spectrum Brands HoldingsPairCorr
  0.54LFVN LifevantagePairCorr
  0.48HELE Helen of TroyPairCorr
  0.37MTEX Mannatech IncorporatedPairCorr
  0.35NATR Natures Sunshine ProductsPairCorr
  0.81GO Grocery Outlet HoldingPairCorr
  0.7BRBR Bellring Brands LLCPairCorr

Related Correlations Analysis

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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   
PII
+ 0.84
USNA
FLO
+ 0.75
USNA
PII
+ 0.71
FLO
IPAR
+ 0.62
USNA
PII
+ 0.4
IPAR
FLO
+ 0.25
IPAR
  
High negative correlations   
IPAR
- 0.57
HLF
USNA
- 0.46
HLF
PII
- 0.38
HLF
FLO
- 0.21
HLF

Risk-Adjusted Indicators

There is a big difference between NUS Stock performing well and Nu Skin 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 Nu Skin'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.

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