Kimberly Clark Correlations

KMB Stock

USD 139.33 0.25 0.18%

The current 90-days correlation between Kimberly Clark and Colgate Palmolive is 0.81 (i.e., Very poor diversification). The correlation of Kimberly Clark 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.

Kimberly Clark Correlation With Market

Average diversification

The correlation between Kimberly Clark and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kimberly Clark and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimberly Clark. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Kimberly Stock refer to our How to Trade Kimberly Stock guide.

Moving together with Kimberly Stock

0.8	PG	Procter Gamble	Pair Corr
0.81	CHD	Church Dwight	Pair Corr
0.79	NUS	Nu Skin Enterprises	Pair Corr
0.64	GROV	Virgin Group Acquisition	Pair Corr
0.92	KVUE	Kenvue Inc	Pair Corr
0.74	K	Kellanova Sell-off Trend	Pair Corr
0.72	BJ	BJs Wholesale Club	Pair Corr
0.7	DG	Dollar General	Pair Corr
0.61	JZ	Jianzhi Education	Pair Corr

Moving against Kimberly Stock

0.83	NWL	Newell Brands	Pair Corr
0.78	ELF	ELF Beauty	Pair Corr
0.77	ENR	Energizer Holdings	Pair Corr
0.75	SPB	Spectrum Brands Holdings	Pair Corr
0.74	HNST	Honest Company	Pair Corr
0.7	HELE	Helen of Troy	Pair Corr
0.69	DSY	Big Tree Cloud	Pair Corr
0.61	DSYWW	Big Tree Cloud	Pair Corr
0.54	MTEX	Mannatech Incorporated Earnings Call This Week	Pair Corr
0.53	CLX	Clorox	Pair Corr
0.48	EWCZ	European Wax Center	Pair Corr
0.46	EPC	Edgewell Personal Care	Pair Corr
0.44	EL	Estee Lauder Companies	Pair Corr
0.41	RAY	Raytech Holding	Pair Corr
0.37	NATR	Natures Sunshine Products	Pair Corr
0.86	VITL	Vital Farms Sell-off Trend	Pair Corr
0.86	EEIQ	Elite Education Group	Pair Corr
0.84	TANH	Tantech Holdings	Pair Corr
0.81	COTY	Coty Inc	Pair Corr
0.78	DNUT	Krispy Kreme	Pair Corr
0.74	DTCK	Davis Commodities	Pair Corr
0.73	GO	Grocery Outlet Holding	Pair Corr
0.72	SKIN	Beauty Health	Pair Corr
0.7	EDBL	Edible Garden AG	Pair Corr
0.61	VINE	Fresh Grapes LLC	Pair Corr

Related Correlations Analysis

	CL	CHD	UL	PG	CLX	EL	RBGLY
CL		0.66	0.59	0.67	0.2	0.14	0.18	CL
CHD	0.66		0.57	0.78	-0.36	-0.17	0.7	CHD
UL	0.59	0.57		0.68	-0.29	-0.17	0.43	UL
PG	0.67	0.78	0.68		-0.27	-0.21	0.66	PG
CLX	0.2	-0.36	-0.29	-0.27		0.76	-0.73	CLX
EL	0.14	-0.17	-0.17	-0.21	0.76		-0.35	EL
RBGLY	0.18	0.7	0.43	0.66	-0.73	-0.35		RBGLY
	CL	CHD	UL	PG	CLX	EL	RBGLY

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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	+ 0.78	CHD
EL	+ 0.76	CLX
RBGLY	+ 0.7	CHD
PG	+ 0.68	UL
PG	+ 0.67	CL
CHD	+ 0.66	CL

High negative correlations

RBGLY	- 0.73	CLX
CLX	- 0.36	CHD
RBGLY	- 0.35	EL
CLX	- 0.29	UL
CLX	- 0.27	PG
EL	- 0.21	PG

Risk-Adjusted Indicators

There is a big difference between Kimberly Stock performing well and Kimberly Clark 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 Kimberly Clark'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
CL	1.06	0.00	0.00	(0.09)	0.00	0.00	1.82	(2.89)	8.40
CHD	0.92	0.05	0.09	0.16	1.23	(0.89)	2.35	(1.79)	5.77
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
EL	1.96	(0.17)	0.00	(0.29)	0.00	0.00	4.77	(4.13)	20.84
RBGLY	0.86	0.13	0.22	0.53	0.76	(1.04)	2.30	(1.41)	5.36

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