Herbalife Nutrition Correlations

HLF Stock

USD 8.43 0.44 5.51%

The current 90-days correlation between Herbalife Nutrition and Nomad Foods is 0.1 (i.e., Average diversification). The correlation of Herbalife Nutrition 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.

Herbalife Nutrition Correlation With Market

Good diversification

The correlation between Herbalife Nutrition and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Herbalife Nutrition and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Herbalife Nutrition. 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 detail on how to invest in Herbalife Stock please use our How to Invest in Herbalife Nutrition guide.

Moving together with Herbalife Stock

0.67	CL	Colgate Palmolive	Pair Corr
0.65	CHD	Church Dwight	Pair Corr
0.75	KMB	Kimberly Clark	Pair Corr
0.86	NUS	Nu Skin Enterprises	Pair Corr
0.86	KVUE	Kenvue Inc	Pair Corr
0.63	DG	Dollar General	Pair Corr
0.62	IH	Ihuman Inc	Pair Corr
0.64	KO	Coca Cola	Pair Corr

Moving against Herbalife Stock

0.68	SKIN	Beauty Health	Pair Corr
0.64	HNST	Honest Company	Pair Corr
0.62	EWCZ	European Wax Center	Pair Corr
0.53	NWL	Newell Brands	Pair Corr
0.48	SPB	Spectrum Brands Holdings	Pair Corr
0.44	UG	United Guardian	Pair Corr
0.42	HELE	Helen of Troy	Pair Corr
0.4	ELF	ELF Beauty	Pair Corr
0.38	IPAR	Inter Parfums	Pair Corr
0.35	DSYWW	Big Tree Cloud	Pair Corr
0.31	DSY	Big Tree Cloud	Pair Corr
0.77	GO	Grocery Outlet Holding	Pair Corr
0.73	VINE	Fresh Grapes LLC	Pair Corr
0.7	DNUT	Krispy Kreme	Pair Corr
0.64	VITL	Vital Farms	Pair Corr
0.55	COTY	Coty Inc	Pair Corr
0.54	EDBL	Edible Garden AG	Pair Corr
0.53	TANH	Tantech Holdings	Pair Corr
0.49	DLTR	Dollar Tree	Pair Corr
0.4	LW	Lamb Weston Holdings	Pair Corr
0.36	DTCK	Davis Commodities	Pair Corr

Related Correlations Analysis

	NOMD	BRBR	PPC	INGR	THS	JBSS	TWNK	JJSF	POST	HAIN
NOMD		-0.62	0.81	-0.39	-0.79	-0.77	0.0	-0.51	0.44	-0.65	NOMD
BRBR	-0.62		-0.38	0.25	0.7	0.37	0.0	0.22	-0.21	0.51	BRBR
PPC	0.81	-0.38		-0.45	-0.59	-0.72	0.0	-0.47	0.56	-0.53	PPC
INGR	-0.39	0.25	-0.45		0.44	0.74	0.0	0.88	0.2	0.8	INGR
THS	-0.79	0.7	-0.59	0.44		0.67	0.0	0.49	-0.32	0.64	THS
JBSS	-0.77	0.37	-0.72	0.74	0.67		0.0	0.8	-0.15	0.74	JBSS
TWNK	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TWNK
JJSF	-0.51	0.22	-0.47	0.88	0.49	0.8	0.0		0.3	0.88	JJSF
POST	0.44	-0.21	0.56	0.2	-0.32	-0.15	0.0	0.3		0.17	POST
HAIN	-0.65	0.51	-0.53	0.8	0.64	0.74	0.0	0.88	0.17		HAIN
	NOMD	BRBR	PPC	INGR	THS	JBSS	TWNK	JJSF	POST	HAIN

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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

JJSF	+ 0.88	INGR
HAIN	+ 0.88	JJSF
PPC	+ 0.81	NOMD
HAIN	+ 0.8	INGR
JJSF	+ 0.8	JBSS
JBSS	+ 0.74	INGR

High negative correlations

THS	- 0.79	NOMD
JBSS	- 0.77	NOMD
JBSS	- 0.72	PPC
HAIN	- 0.65	NOMD
BRBR	- 0.62	NOMD
THS	- 0.59	PPC

Risk-Adjusted Indicators

There is a big difference between Herbalife Stock performing well and Herbalife Nutrition 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 Herbalife Nutrition'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
NOMD	1.27	0.16	0.15	1.53	1.36	(1.43)	2.72	(2.27)	8.04
BRBR	1.54	(0.05)	0.00	(0.10)	0.00	0.00	3.09	(4.16)	10.54
PPC	1.80	0.01	0.02	(0.04)	2.40	(1.75)	3.62	(4.22)	9.58
INGR	0.93	(0.13)	0.00	(0.55)	0.00	0.00	1.48	(2.02)	6.81
THS	1.51	(0.36)	0.00	(0.78)	0.00	0.00	2.10	(3.65)	13.25
JBSS	1.33	(0.34)	0.00	(1.12)	0.00	0.00	2.11	(3.18)	13.09
TWNK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JJSF	1.23	(0.41)	0.00	16.69	0.00	0.00	2.51	(3.31)	9.16
POST	1.00	(0.06)	0.00	(0.27)	0.00	0.00	1.73	(1.91)	8.75
HAIN	3.51	(0.98)	0.00	3.10	0.00	0.00	5.25	(8.78)	27.76

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