Coty Correlations

COTY Stock

USD 5.93 0.06 1.00%

The current 90-days correlation between Coty Inc and ELF Beauty is 0.22 (i.e., Modest diversification). The correlation of Coty 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Coty Correlation With Market

Average diversification

The correlation between Coty Inc and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coty Inc 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 Coty Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving together with Coty Stock

0.75	CLX	Clorox	Pair Corr
0.77	ELF	ELF Beauty	Pair Corr
0.81	ENR	Energizer Holdings	Pair Corr
0.84	EPC	Edgewell Personal Care	Pair Corr
0.63	FTLF	FitLife Brands, Common	Pair Corr
0.65	MED	MEDIFAST INC	Pair Corr
0.85	NWL	Newell Brands Buyout Trend	Pair Corr
0.8	SPB	Spectrum Brands Holdings	Pair Corr
0.72	HELE	Helen of Troy	Pair Corr
0.61	HNST	Honest Company Earnings Call This Week	Pair Corr
0.61	SHOT	Safety Shot	Pair Corr
0.69	BG	Bunge Limited	Pair Corr

Moving against Coty Stock

0.73	HIMS	Hims Hers Health	Pair Corr
0.63	GROV	Virgin Group Acquisition Earnings Call This Week	Pair Corr
0.46	EWCZ	European Wax Center	Pair Corr
0.43	UG	United Guardian	Pair Corr
0.77	KO	Coca Cola Aggressive Push	Pair Corr
0.74	KR	Kroger Company	Pair Corr
0.69	PM	Philip Morris Intern	Pair Corr
0.67	K	Kellanova Earnings Call This Week	Pair Corr
0.48	BJ	BJs Wholesale Club Earnings Call Next Week	Pair Corr

Related Correlations Analysis

	ELF	PG	CL	KVUE	EL	HNST	HIMS	IPAR	EWCZ	SPB
ELF		0.02	0.56	0.17	0.37	0.62	-0.83	-0.27	-0.69	0.79	ELF
PG	0.02		0.77	0.74	-0.08	0.68	0.08	0.19	-0.24	0.45	PG
CL	0.56	0.77		0.8	0.13	0.84	-0.41	-0.11	-0.62	0.8	CL
KVUE	0.17	0.74	0.8		-0.12	0.69	-0.01	-0.13	-0.32	0.57	KVUE
EL	0.37	-0.08	0.13	-0.12		0.06	-0.2	0.53	0.07	0.38	EL
HNST	0.62	0.68	0.84	0.69	0.06		-0.36	-0.1	-0.5	0.85	HNST
HIMS	-0.83	0.08	-0.41	-0.01	-0.2	-0.36		0.31	0.66	-0.56	HIMS
IPAR	-0.27	0.19	-0.11	-0.13	0.53	-0.1	0.31		0.51	-0.01	IPAR
EWCZ	-0.69	-0.24	-0.62	-0.32	0.07	-0.5	0.66	0.51		-0.51	EWCZ
SPB	0.79	0.45	0.8	0.57	0.38	0.85	-0.56	-0.01	-0.51		SPB
	ELF	PG	CL	KVUE	EL	HNST	HIMS	IPAR	EWCZ	SPB

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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

SPB	+ 0.85	HNST
HNST	+ 0.84	CL
KVUE	+ 0.8	CL
SPB	+ 0.8	CL
SPB	+ 0.79	ELF
CL	+ 0.77	PG

High negative correlations

HIMS	- 0.83	ELF
EWCZ	- 0.69	ELF
EWCZ	- 0.62	CL
SPB	- 0.56	HIMS
SPB	- 0.51	EWCZ
EWCZ	- 0.5	HNST

Risk-Adjusted Indicators

There is a big difference between Coty Stock performing well and Coty 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 Coty'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
ELF	2.95	(0.71)	0.00	(0.97)	0.00	0.00	5.79	(6.61)	26.67
PG	0.82	0.02	0.01	0.06	1.41	(0.69)	1.81	(2.18)	8.13
CL	0.87	(0.03)	0.00	(0.13)	0.00	0.00	1.64	(1.95)	8.40
KVUE	0.97	(0.01)	(0.01)	(0.23)	1.31	(1.15)	2.24	(2.31)	7.69
EL	1.95	0.27	0.08	0.62	3.31	(2.17)	4.76	(2.55)	21.42
HNST	2.75	(0.35)	0.00	(0.19)	0.00	0.00	5.24	(5.43)	14.58
HIMS	5.46	1.27	0.17	0.44	6.80	(6.24)	12.10	(7.67)	53.50
IPAR	1.35	0.17	0.10	0.16	1.58	(1.46)	2.91	(2.14)	8.84
EWCZ	3.02	0.22	0.06	(0.35)	3.39	(3.24)	7.27	(5.76)	21.63
SPB	1.05	(0.17)	0.00	(0.36)	0.00	0.00	1.68	(2.97)	9.90

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