Kimberly Clark Correlations

KMBB34 Stock

BRL 754.50 8.57 1.12%

The current 90-days correlation between Kimberly Clark and The Este Lauder is -0.04 (i.e., Good 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 0.14 (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.

The ability to find closely correlated positions to Kimberly Clark could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kimberly Clark when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kimberly Clark - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kimberly Clark to buy it.

Moving together with Kimberly Stock

0.8	PGCO34	Procter Gamble	Pair Corr
0.72	COLG34	Colgate Palmolive	Pair Corr
0.63	AAPL34	Apple Inc	Pair Corr

Moving against Kimberly Stock

0.38	A1MT34	Applied Materials,	Pair Corr
0.37	BOBR4	Bombril SA	Pair Corr

Related Correlations Analysis

	PGCO34	ULEV34	ELCI34	KMBB34	N1WL34	COTY34	NTCO3	BOBR4	MNDL3
PGCO34		0.35	0.16	0.8	0.54	0.05	-0.26	-0.49	0.72	PGCO34
ULEV34	0.35		0.39	0.42	-0.08	0.53	0.33	0.23	0.2	ULEV34
ELCI34	0.16	0.39		0.35	-0.16	0.66	0.14	-0.15	0.21	ELCI34
KMBB34	0.8	0.42	0.35		0.31	0.26	-0.08	-0.37	0.58	KMBB34
N1WL34	0.54	-0.08	-0.16	0.31		-0.39	-0.74	-0.7	0.18	N1WL34
COTY34	0.05	0.53	0.66	0.26	-0.39		0.6	0.07	0.18	COTY34
NTCO3	-0.26	0.33	0.14	-0.08	-0.74	0.6		0.64	0.07	NTCO3
BOBR4	-0.49	0.23	-0.15	-0.37	-0.7	0.07	0.64		-0.28	BOBR4
MNDL3	0.72	0.2	0.21	0.58	0.18	0.18	0.07	-0.28		MNDL3
	PGCO34	ULEV34	ELCI34	KMBB34	N1WL34	COTY34	NTCO3	BOBR4	MNDL3

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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

KMBB34	+ 0.8	PGCO34
MNDL3	+ 0.72	PGCO34
COTY34	+ 0.66	ELCI34
BOBR4	+ 0.64	NTCO3
NTCO3	+ 0.6	COTY34
MNDL3	+ 0.58	KMBB34

High negative correlations

NTCO3	- 0.74	N1WL34
BOBR4	- 0.7	N1WL34
BOBR4	- 0.49	PGCO34
COTY34	- 0.39	N1WL34
BOBR4	- 0.37	KMBB34
MNDL3	- 0.28	BOBR4

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
PGCO34	1.28	0.05	0.03	0.16	1.83	(1.23)	2.37	(2.79)	9.18
ULEV34	1.29	(0.03)	0.00	0.58	0.00	0.00	2.83	(3.64)	10.16
ELCI34	2.22	(0.09)	0.00	0.34	0.00	0.00	5.92	(3.96)	26.93
KMBB34	0.66	(0.01)	0.00	(0.06)	0.00	0.00	2.97	(2.09)	10.01
N1WL34	2.22	0.74	0.20	(1.03)	1.37	(6.37)	8.51	(4.31)	23.29
COTY34	1.48	(0.19)	0.00	(4.11)	0.00	0.00	4.04	(5.02)	13.81
NTCO3	2.06	(0.28)	0.00	(1.08)	0.00	0.00	3.68	(4.13)	15.31
BOBR4	2.36	(0.22)	0.00	0.38	0.00	0.00	5.20	(4.79)	14.47
MNDL3	1.43	(0.05)	0.00	0.13	0.00	0.00	4.18	(5.13)	14.27

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kimberly Clark without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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