Unilever PLC Correlations

UL Stock

USD 59.92 2.63 4.20%

The current 90-days correlation between Unilever PLC ADR and Utah Medical Products is -0.02 (i.e., Good 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

Significant diversification

The correlation between Unilever PLC ADR 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 Unilever PLC ADR and DJI in the same portfolio, assuming nothing else is changed.

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 bureau of economic analysis.

Moving together with Unilever Stock

0.68	CL	Colgate Palmolive	Pair Corr
0.68	WDFC	WD 40 Company Earnings Call This Week	Pair Corr
0.63	CHD	Church Dwight	Pair Corr
0.68	KMB	Kimberly Clark	Pair Corr
0.68	ODC	Oil Dri	Pair Corr
0.74	PHH	Park Ha Biological	Pair Corr
0.74	NHTC	Natural Health Trend	Pair Corr

Moving against Unilever Stock

0.76	DSY	Big Tree Cloud	Pair Corr
0.75	EWCZ	European Wax Center	Pair Corr
0.7	FTLF	FitLife Brands, Common	Pair Corr
0.66	ELF	ELF Beauty Sell-off Trend	Pair Corr
0.66	ENR	Energizer Holdings	Pair Corr
0.62	XAGE	Longevity Health Hol Symbol Change	Pair Corr
0.62	CLX	Clorox	Pair Corr
0.52	EL	Estee Lauder Companies	Pair Corr
0.48	UG	United Guardian	Pair Corr
0.45	VERU	Veru Inc	Pair Corr
0.32	EPC	Edgewell Personal Care	Pair Corr
0.77	SPB	Spectrum Brands Holdings	Pair Corr
0.77	NAII	Natural Alternatives	Pair Corr
0.73	HNST	Honest Company	Pair Corr
0.69	HELE	Helen of Troy	Pair Corr
0.68	MTEX	Mannatech Incorporated	Pair Corr
0.61	MED	MEDIFAST INC	Pair Corr
0.6	IPAR	Inter Parfums	Pair Corr
0.57	LFVN	Lifevantage	Pair Corr
0.56	NWL	Newell Brands	Pair Corr
0.54	NATR	Natures Sunshine Products	Pair Corr
0.75	SNYR	Synergy CHC Corp	Pair Corr
0.69	SKIN	Beauty Health	Pair Corr

Related Correlations Analysis

	UTMD	UNB	UNTY	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3
UTMD		0.09	0.58	0.79	-0.2	-0.04	-0.81	-0.06	0.0	0.7	UTMD
UNB	0.09		0.51	0.27	0.45	0.32	-0.06	0.54	0.0	-0.08	UNB
UNTY	0.58	0.51		0.43	0.5	0.51	-0.49	0.65	0.0	0.4	UNTY
AQUI	0.79	0.27	0.43		-0.42	-0.33	-0.83	-0.27	0.0	0.52	AQUI
MSTSX	-0.2	0.45	0.5	-0.42		0.73	0.26	0.95	0.0	-0.15	MSTSX
LBHIX	-0.04	0.32	0.51	-0.33	0.73		0.18	0.78	0.0	0.07	LBHIX
VIASP	-0.81	-0.06	-0.49	-0.83	0.26	0.18		0.16	0.0	-0.74	VIASP
RRTLX	-0.06	0.54	0.65	-0.27	0.95	0.78	0.16		0.0	-0.11	RRTLX
OSHDF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	OSHDF
70082LAB3	0.7	-0.08	0.4	0.52	-0.15	0.07	-0.74	-0.11	0.0		70082LAB3
	UTMD	UNB	UNTY	AQUI	MSTSX	LBHIX	VIASP	RRTLX	OSHDF	70082LAB3

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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

RRTLX	+ 0.95	MSTSX
AQUI	+ 0.79	UTMD
RRTLX	+ 0.78	LBHIX
LBHIX	+ 0.73	MSTSX
70082LAB3	+ 0.7	UTMD
RRTLX	+ 0.65	UNTY

High negative correlations

VIASP	- 0.83	AQUI
VIASP	- 0.81	UTMD
70082LAB3	- 0.74	VIASP
VIASP	- 0.49	UNTY
MSTSX	- 0.42	AQUI
LBHIX	- 0.33	AQUI

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
UTMD	0.59	(0.11)	0.00	(0.53)	0.00	0.00	1.10	(1.39)	4.92
UNB	1.67	0.13	0.06	0.00	2.66	(1.54)	3.21	(5.56)	11.02
UNTY	1.68	(0.07)	0.00	(0.38)	0.00	0.00	3.23	(3.79)	11.40
AQUI	1.49	(0.80)	0.00	4.50	0.00	0.00	0.00	0.00	50.00
MSTSX	0.56	0.01	0.24	(0.27)	0.68	(0.60)	1.31	(1.20)	2.87
LBHIX	0.15	0.01	0.39	(0.02)	0.19	(0.29)	0.24	(0.47)	1.68
VIASP	0.57	0.11	0.25	0.20	0.81	(0.59)	1.09	(1.17)	2.91
RRTLX	0.31	0.00	0.00	(0.31)	0.00	0.00	0.57	(0.57)	1.65
OSHDF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
70082LAB3	1.21	(0.23)	0.00	0.04	0.00	0.00	2.46	(2.17)	19.18

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