Unilever PLC Correlations

UL Stock

USD 60.88 0.11 0.18%

The current 90-days correlation between Unilever PLC ADR and Procter Gamble is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Unilever PLC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Unilever PLC ADR moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Unilever PLC Correlation With Market

Good diversification

The correlation between Unilever PLC ADR and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Unilever PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Unilever Stock

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Unilever PLC ADR. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Unilever Stock

0.63	003006	Chongqing Baiya Sanitary	Pair Corr
0.63	ZIVO	Zivo Bioscience	Pair Corr
0.64	DABUR	Dabur India Limited	Pair Corr
0.69	MARICO	Marico Limited	Pair Corr
0.87	0IZ8	Henkel AG	Pair Corr
0.81	HINDUNILVR	Hindustan Unilever Earnings Call This Week	Pair Corr
0.71	300146	By health	Pair Corr

Moving against Unilever Stock

0.56	VERU	Veru Inc	Pair Corr
0.33	JHS	JHS Svendgaard Labor	Pair Corr
0.4	PGHH	Procter Gamble Hygiene	Pair Corr
0.31	HNST	Honest Company	Pair Corr
0.35	SBTX	SkinBioTherapeutics PLC	Pair Corr

Related Correlations Analysis

	CLX	CL	PG	CHD	KMB	EL	ELF	COTY	KVUE
CLX		0.52	0.32	0.54	0.09	-0.28	-0.2	0.51	0.33	CLX
CL	0.52		0.55	0.91	0.63	-0.09	-0.68	0.67	0.92	CL
PG	0.32	0.55		0.61	0.44	-0.25	0.08	0.03	0.39	PG
CHD	0.54	0.91	0.61		0.49	-0.04	-0.46	0.6	0.83	CHD
KMB	0.09	0.63	0.44	0.49		0.02	-0.58	0.36	0.69	KMB
EL	-0.28	-0.09	-0.25	-0.04	0.02		0.0	0.24	0.1	EL
ELF	-0.2	-0.68	0.08	-0.46	-0.58	0.0		-0.59	-0.76	ELF
COTY	0.51	0.67	0.03	0.6	0.36	0.24	-0.59		0.72	COTY
KVUE	0.33	0.92	0.39	0.83	0.69	0.1	-0.76	0.72		KVUE
	CLX	CL	PG	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

KVUE	+ 0.92	CL
CHD	+ 0.91	CL
KVUE	+ 0.83	CHD
KVUE	+ 0.72	COTY
KVUE	+ 0.69	KMB
COTY	+ 0.67	CL

High negative correlations

KVUE	- 0.76	ELF
ELF	- 0.68	CL
COTY	- 0.59	ELF
ELF	- 0.58	KMB
ELF	- 0.46	CHD
EL	- 0.28	CLX

Risk-Adjusted Indicators

There is a big difference between Unilever Stock performing well and Unilever PLC 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 Unilever PLC'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	1.08	(0.12)	0.00	(0.14)	0.00	0.00	2.20	(2.22)	6.21
CL	0.85	(0.20)	0.00	(0.67)	0.00	0.00	1.87	(1.96)	4.65
PG	0.71	(0.06)	0.00	(0.16)	0.00	0.00	1.44	(1.59)	4.50
CHD	1.00	(0.18)	0.00	(0.62)	0.00	0.00	1.56	(2.27)	6.15
KMB	0.84	(0.09)	0.00	(0.33)	0.00	0.00	1.72	(2.06)	7.10
EL	2.03	0.01	0.03	0.06	2.41	(2.36)	4.18	(3.89)	11.26
ELF	2.66	0.27	0.08	0.17	3.76	(2.59)	6.33	(5.33)	20.27
COTY	2.35	(0.30)	0.00	(0.06)	0.00	0.00	4.54	(3.75)	26.64
KVUE	1.61	(0.47)	0.00	(0.50)	0.00	0.00	2.71	(3.90)	12.54

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