Newell Brands Correlations

NWL Stock

USD 9.11 0.29 3.29%

The current 90-days correlation between Newell Brands and The Clorox is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Newell Brands moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newell Brands moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Newell Brands Correlation With Market

Average diversification

The correlation between Newell Brands and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Newell Brands 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 Newell Brands. 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.

For more information on how to buy Newell Stock please use our How to buy in Newell Stock guide.

Moving together with Newell Stock

0.7	WDFC	WD 40 Company	Pair Corr
0.69	LFVN	Lifevantage	Pair Corr

Moving against Newell Stock

0.75	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.61	EL	Estee Lauder Companies	Pair Corr
0.44	CENTA	Central Garden Pet Fiscal Year End 18th of November 2024	Pair Corr
0.43	ELF	ELF Beauty Buyout Trend	Pair Corr
0.4	PG	Procter Gamble	Pair Corr
0.34	VERU	Veru Inc Fiscal Year End 13th of December 2024	Pair Corr
0.34	EPC	Edgewell Personal Care Fiscal Year End 14th of November 2024	Pair Corr
0.32	UL	Unilever PLC ADR	Pair Corr
0.61	KMB	Kimberly Clark Fiscal Year End 22nd of January 2025	Pair Corr
0.52	NUS	Nu Skin Enterprises	Pair Corr
0.43	NHTC	Natural Health Trend	Pair Corr
0.41	NAII	Natural Alternatives	Pair Corr
0.72	COTY	Coty Inc	Pair Corr
0.69	TKLF	Yoshitsu	Pair Corr

Related Correlations Analysis

	CLX	CL	PG	UL	CHD	KMB	EL	ELF	NTCO	IPAR
CLX		0.01	0.43	0.6	0.63	0.18	-0.2	-0.79	0.67	-0.53	CLX
CL	0.01		0.78	0.73	0.33	0.84	0.56	0.38	-0.54	-0.23	CL
PG	0.43	0.78		0.82	0.65	0.76	0.41	-0.1	-0.12	-0.45	PG
UL	0.6	0.73	0.82		0.52	0.69	0.39	-0.21	0.01	-0.39	UL
CHD	0.63	0.33	0.65	0.52		0.45	-0.17	-0.28	0.17	-0.33	CHD
KMB	0.18	0.84	0.76	0.69	0.45		0.59	0.17	-0.23	-0.34	KMB
EL	-0.2	0.56	0.41	0.39	-0.17	0.59		0.22	-0.17	0.16	EL
ELF	-0.79	0.38	-0.1	-0.21	-0.28	0.17	0.22		-0.86	0.44	ELF
NTCO	0.67	-0.54	-0.12	0.01	0.17	-0.23	-0.17	-0.86		-0.17	NTCO
IPAR	-0.53	-0.23	-0.45	-0.39	-0.33	-0.34	0.16	0.44	-0.17		IPAR
	CLX	CL	PG	UL	CHD	KMB	EL	ELF	NTCO	IPAR

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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

KMB	+ 0.84	CL
UL	+ 0.82	PG
PG	+ 0.78	CL
KMB	+ 0.76	PG
UL	+ 0.73	CL
KMB	+ 0.69	UL

High negative correlations

NTCO	- 0.86	ELF
ELF	- 0.79	CLX
NTCO	- 0.54	CL
IPAR	- 0.53	CLX
IPAR	- 0.45	PG
IPAR	- 0.39	UL

Risk-Adjusted Indicators

There is a big difference between Newell Stock performing well and Newell Brands 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 Newell Brands' 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
CLX	0.82	0.17	0.04	1.02	0.57	(1.00)	1.78	(0.99)	4.62
CL	0.77	(0.14)	0.00	0.87	0.00	0.00	1.19	(1.74)	6.33
PG	0.66	(0.04)	0.00	0.51	0.00	0.00	1.47	(1.36)	4.66
UL	0.70	(0.03)	0.00	(2.15)	0.00	0.00	1.17	(1.13)	6.61
CHD	0.83	0.01	(0.14)	0.27	0.96	(0.87)	1.53	(1.73)	6.55
KMB	0.68	(0.08)	0.00	25.58	0.00	0.00	1.01	(1.76)	6.34
EL	1.93	(0.58)	0.00	(0.46)	0.00	0.00	4.79	(3.31)	30.90
ELF	2.95	(0.80)	0.00	(0.55)	0.00	0.00	5.20	(8.69)	17.84
NTCO	2.47	0.86	0.30	1.48	1.76	(3.00)	5.72	(4.03)	20.38
IPAR	1.43	(0.25)	0.00	(0.06)	0.00	0.00	2.23	(3.02)	7.90

Newell Brands Corporate Management

Kristine Malkoski	Segment Development	Profile
Dennis Senovich	Chief Officer	Profile
Jeffrey Sesplankis	Chief Officer	Profile
Sofya Tsinis	Vice Relations	Profile
Michael McDermott	Segment Solutions	Profile
Tom Russo	Business Security	Profile
Steve Nikolopoulos	Chief Officer	Profile

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