Church Dwight Correlations

CHD Stock

USD 108.07 0.04 0.04%

The current 90-days correlation between Church Dwight and Kimberly Clark is 0.68 (i.e., Poor diversification). The correlation of Church Dwight 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.

Church Dwight Correlation With Market

Average diversification

The correlation between Church Dwight and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Church Dwight and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Church Dwight. 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 information on how to trade Church Stock refer to our How to Trade Church Stock guide.

Moving together with Church Stock

0.66	CL	Colgate Palmolive	Pair Corr
0.78	PG	Procter Gamble	Pair Corr
0.81	KMB	Kimberly Clark	Pair Corr
0.68	NUS	Nu Skin Enterprises	Pair Corr
0.75	KVUE	Kenvue Inc	Pair Corr
0.66	K	Kellanova Sell-off Trend	Pair Corr
0.61	BJ	BJs Wholesale Club	Pair Corr

Moving against Church Stock

0.7	HNST	Honest Company	Pair Corr
0.62	DSY	Big Tree Cloud	Pair Corr
0.61	ELF	ELF Beauty	Pair Corr
0.59	ENR	Energizer Holdings	Pair Corr
0.58	MTEX	Mannatech Incorporated Earnings Call This Week	Pair Corr
0.56	NWL	Newell Brands	Pair Corr
0.56	SPB	Spectrum Brands Holdings	Pair Corr
0.52	DSYWW	Big Tree Cloud	Pair Corr
0.46	RAY	Raytech Holding	Pair Corr
0.43	HELE	Helen of Troy	Pair Corr
0.42	EWCZ	European Wax Center	Pair Corr
0.36	CLX	Clorox	Pair Corr
0.8	DNUT	Krispy Kreme	Pair Corr
0.71	GO	Grocery Outlet Holding	Pair Corr
0.7	EEIQ	Elite Education Group	Pair Corr
0.69	SKIN	Beauty Health	Pair Corr
0.68	TANH	Tantech Holdings	Pair Corr
0.67	EDBL	Edible Garden AG	Pair Corr
0.55	VITL	Vital Farms Sell-off Trend	Pair Corr
0.54	LW	Lamb Weston Holdings	Pair Corr
0.5	DTCK	Davis Commodities	Pair Corr
0.49	COTY	Coty Inc	Pair Corr

Related Correlations Analysis

	KMB	CL	UL	PG	CLX	RBGPF	KCDMY	LRLCY	SSDOY	EL
KMB		0.59	0.51	0.8	-0.53	0.79	0.68	0.7	0.74	-0.44	KMB
CL	0.59		0.59	0.67	0.2	0.18	-0.06	0.5	0.72	0.14	CL
UL	0.51	0.59		0.68	-0.29	0.46	0.23	0.68	0.55	-0.17	UL
PG	0.8	0.67	0.68		-0.27	0.66	0.41	0.62	0.6	-0.21	PG
CLX	-0.53	0.2	-0.29	-0.27		-0.75	-0.76	-0.46	-0.15	0.76	CLX
RBGPF	0.79	0.18	0.46	0.66	-0.75		0.8	0.63	0.36	-0.48	RBGPF
KCDMY	0.68	-0.06	0.23	0.41	-0.76	0.8		0.58	0.31	-0.46	KCDMY
LRLCY	0.7	0.5	0.68	0.62	-0.46	0.63	0.58		0.64	-0.1	LRLCY
SSDOY	0.74	0.72	0.55	0.6	-0.15	0.36	0.31	0.64		-0.18	SSDOY
EL	-0.44	0.14	-0.17	-0.21	0.76	-0.48	-0.46	-0.1	-0.18		EL
	KMB	CL	UL	PG	CLX	RBGPF	KCDMY	LRLCY	SSDOY	EL

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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

PG	+ 0.8	KMB
KCDMY	+ 0.8	RBGPF
RBGPF	+ 0.79	KMB
EL	+ 0.76	CLX
SSDOY	+ 0.74	KMB
SSDOY	+ 0.72	CL

High negative correlations

KCDMY	- 0.76	CLX
RBGPF	- 0.75	CLX
CLX	- 0.53	KMB
EL	- 0.48	RBGPF
EL	- 0.46	KCDMY
LRLCY	- 0.46	CLX

Risk-Adjusted Indicators

There is a big difference between Church Stock performing well and Church Dwight 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 Church Dwight'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
KMB	0.85	0.13	0.15	0.59	1.13	(0.84)	1.80	(1.98)	5.44
CL	1.06	0.00	0.00	(0.09)	0.00	0.00	1.82	(2.89)	8.40
UL	0.90	0.02	0.06	0.11	1.36	(0.95)	1.80	(1.91)	8.26
PG	0.85	0.02	0.00	(0.03)	0.00	0.00	1.67	(2.18)	8.13
CLX	1.11	(0.15)	0.00	(0.50)	0.00	0.00	1.79	(2.39)	9.28
RBGPF	1.44	0.16	0.09	1.08	1.68	(1.84)	3.64	(3.51)	8.72
KCDMY	1.45	0.31	0.19	1.47	1.67	(1.51)	2.83	(2.58)	11.38
LRLCY	1.22	0.18	0.14	0.40	1.51	(1.21)	2.76	(2.62)	5.80
SSDOY	1.79	0.17	0.09	0.15	1.95	(2.02)	5.61	(3.01)	15.17
EL	1.96	(0.17)	0.00	(0.29)	0.00	0.00	4.77	(4.13)	20.84

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