Procter Gamble Correlations

PG Stock

USD 153.18 0.47 0.31%

The current 90-days correlation between Procter Gamble and Unilever PLC ADR is 0.53 (i.e., Very weak diversification). The correlation of Procter Gamble 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.

Procter Gamble Correlation With Market

Modest diversification

The correlation between Procter Gamble and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Procter Gamble and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Procter Stock

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Procter Gamble. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in rate.

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

Moving together with Procter Stock

0.64	UL	Unilever PLC ADR	Pair Corr
0.71	NWL	Newell Brands	Pair Corr

Moving against Procter Stock

0.34	TKLF	Yoshitsu	Pair Corr
0.33	SNYR	Synergy CHC Corp	Pair Corr
0.31	SHOT	Safety Shot	Pair Corr

Related Correlations Analysis

	CLX	CL	UL	CHD	KMB	EL	ELF	COTY	KVUE
CLX		0.29	-0.29	0.41	-0.15	-0.04	-0.1	0.47	0.16	CLX
CL	0.29		-0.06	0.9	0.4	-0.09	-0.45	0.72	0.68	CL
UL	-0.29	-0.06		0.11	0.34	0.02	0.37	-0.39	-0.06	UL
CHD	0.41	0.9	0.11		0.33	0.02	-0.34	0.66	0.72	CHD
KMB	-0.15	0.4	0.34	0.33		0.27	-0.45	0.34	0.53	KMB
EL	-0.04	-0.09	0.02	0.02	0.27		-0.2	0.22	0.35	EL
ELF	-0.1	-0.45	0.37	-0.34	-0.45	-0.2		-0.54	-0.72	ELF
COTY	0.47	0.72	-0.39	0.66	0.34	0.22	-0.54		0.71	COTY
KVUE	0.16	0.68	-0.06	0.72	0.53	0.35	-0.72	0.71		KVUE
	CLX	CL	UL	CHD	KMB	EL	ELF	COTY	KVUE

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

CHD	+ 0.9	CL
COTY	+ 0.72	CL
KVUE	+ 0.72	CHD
KVUE	+ 0.71	COTY
KVUE	+ 0.68	CL
COTY	+ 0.66	CHD

High negative correlations

KVUE	- 0.72	ELF
COTY	- 0.54	ELF
ELF	- 0.45	KMB
ELF	- 0.45	CL
COTY	- 0.39	UL
ELF	- 0.34	CHD

Risk-Adjusted Indicators

There is a big difference between Procter Stock performing well and Procter Gamble 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 Procter Gamble'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
CLX	1.07	(0.01)	(0.02)	0.06	1.26	(1.10)	2.24	(2.20)	5.61
CL	0.83	(0.24)	0.00	(0.47)	0.00	0.00	1.74	(1.96)	4.65
UL	0.76	(0.07)	0.00	(0.20)	0.00	0.00	1.33	(1.44)	5.07
CHD	0.97	(0.17)	0.00	(0.28)	0.00	0.00	1.60	(2.27)	6.15
KMB	0.85	(0.09)	0.00	(0.14)	0.00	0.00	1.84	(1.97)	7.10
EL	1.94	(0.01)	0.02	0.07	2.16	(2.35)	4.18	(3.66)	12.37
ELF	2.77	0.02	0.03	0.08	3.74	(2.53)	6.33	(5.33)	15.55
COTY	2.27	(0.36)	0.00	(0.06)	0.00	0.00	4.54	(3.15)	27.20
KVUE	1.54	(0.48)	0.00	(0.33)	0.00	0.00	2.39	(3.90)	12.54

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