Edgewell Personal Correlations

Stocks . USA . 
Stock . Edgewell Personal Care
EPC Stock  USD 36.70  0.27  0.73%   
The current 90-days correlation between Edgewell Personal Care and Inter Parfums is 0.52 (i.e., Very weak diversification). The correlation of Edgewell Personal 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.

Edgewell Personal Correlation With Market

Very weak diversification

The correlation between Edgewell Personal Care and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Edgewell Personal Care and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edgewell Personal Care. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

Moving together with Edgewell Stock

  0.61CL Colgate Palmolive Fiscal Year End 24th of January 2025 PairCorr
  0.81CENTA Central Garden PetPairCorr
  0.79ELF ELF BeautyPairCorr
  0.83NUS Nu Skin EnterprisesPairCorr
  0.79CENT Central Garden PetPairCorr

Moving against Edgewell Stock

  0.73HELE Helen of TroyPairCorr
  0.71LFVN LifevantagePairCorr
  0.46YSG Yatsen HoldingPairCorr
  0.34MTEX Mannatech Incorporated Potential GrowthPairCorr
  0.31NWL Newell BrandsPairCorr
  0.76VINE Fresh Grapes LLCPairCorr
  0.61LW Lamb Weston Holdings Sell-off TrendPairCorr
  0.57JZ Jianzhi EducationPairCorr
  0.56K KellanovaPairCorr
  0.51KR Kroger Company Earnings Call TodayPairCorr
  0.46BJ BJs Wholesale ClubPairCorr
  0.4VITL Vital FarmsPairCorr
  0.33TANH Tantech HoldingsPairCorr

Related Correlations Analysis

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   
NTCO
+ 0.83
HELE
HELKF
+ 0.55
EWCZ
NTCO
+ 0.41
IPAR
HELE
+ 0.38
IPAR
NTCO
+ 0.36
MTEX
HELE
+ 0.33
MTEX
  
High negative correlations   
NTCO
- 0.66
NUS
HELE
- 0.66
NUS
HELKF
- 0.51
NUS
HELKF
- 0.39
IPAR
NUS
- 0.35
MTEX
EWCZ
- 0.26
NUS

Risk-Adjusted Indicators

There is a big difference between Edgewell Stock performing well and Edgewell Personal 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 Edgewell Personal'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY