Colgate Palmolive Correlations

CL Stock

USD 90.30 0.02 0.02%

The current 90-days correlation between Colgate Palmolive and Unilever PLC ADR is 0.5 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Colgate Palmolive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Colgate Palmolive moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Colgate Palmolive Correlation With Market

Modest diversification

The correlation between Colgate Palmolive and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Colgate Palmolive 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 Colgate Palmolive. 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.

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

Moving together with Colgate Stock

0.67	PG	Procter Gamble	Pair Corr
0.67	CHD	Church Dwight	Pair Corr
0.63	KVUE	Kenvue Inc Aggressive Push	Pair Corr

Moving against Colgate Stock

0.59	UG	United Guardian	Pair Corr
0.53	EWCZ	European Wax Center	Pair Corr
0.33	DSYWW	Big Tree Cloud	Pair Corr
0.61	SKIN	Beauty Health	Pair Corr
0.43	VINE	Fresh Grapes LLC	Pair Corr
0.42	EDBL	Edible Garden AG	Pair Corr
0.39	EDTK	Skillful Craftsman	Pair Corr
0.38	GO	Grocery Outlet Holding	Pair Corr
0.36	VITL	Vital Farms	Pair Corr
0.35	DLTR	Dollar Tree	Pair Corr
0.35	EEIQ	Elite Education Group	Pair Corr
0.32	DNUT	Krispy Kreme	Pair Corr

Related Correlations Analysis

	CLX	PG	UL	CHD	KMB	EL	RBGLY
CLX		-0.3	-0.33	-0.37	-0.57	0.71	-0.73	CLX
PG	-0.3		0.66	0.78	0.8	-0.22	0.67	PG
UL	-0.33	0.66		0.58	0.53	-0.21	0.46	UL
CHD	-0.37	0.78	0.58		0.81	-0.17	0.7	CHD
KMB	-0.57	0.8	0.53	0.81		-0.44	0.79	KMB
EL	0.71	-0.22	-0.21	-0.17	-0.44		-0.36	EL
RBGLY	-0.73	0.67	0.46	0.7	0.79	-0.36		RBGLY
	CLX	PG	UL	CHD	KMB	EL	RBGLY

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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	+ 0.81	CHD
KMB	+ 0.8	PG
RBGLY	+ 0.79	KMB
CHD	+ 0.78	PG
EL	+ 0.71	CLX
RBGLY	+ 0.7	CHD

High negative correlations

RBGLY	- 0.73	CLX
KMB	- 0.57	CLX
EL	- 0.44	KMB
CHD	- 0.37	CLX
RBGLY	- 0.36	EL
UL	- 0.33	CLX

Risk-Adjusted Indicators

There is a big difference between Colgate Stock performing well and Colgate Palmolive 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 Colgate Palmolive'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	1.11	(0.20)	0.00	0.47	0.00	0.00	1.79	(2.39)	9.28
PG	0.86	0.00	0.00	(0.06)	0.00	0.00	1.67	(2.18)	8.13
UL	0.90	0.03	0.07	0.19	1.38	(0.93)	1.80	(1.91)	8.26
CHD	0.92	0.06	0.08	0.17	1.23	(0.87)	2.35	(1.79)	5.77
KMB	0.86	0.12	0.14	0.54	1.11	(0.85)	1.80	(1.98)	5.44
EL	1.98	(0.16)	0.00	(0.27)	0.00	0.00	4.77	(4.13)	20.84
RBGLY	0.87	0.16	0.25	0.68	0.74	(1.05)	2.30	(1.41)	5.36

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC