Nu Skin Correlations

Stocks USA . 
Stock . Nu Skin Enterprises
NUS Stock  USD 7.71  0.41  5.05%   
The current 90-days correlation between Nu Skin Enterprises and Herbalife Nutrition is 0.05 (i.e., Significant diversification). The correlation of Nu Skin 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.

Nu Skin Correlation With Market

Weak diversification

The correlation between Nu Skin Enterprises and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nu Skin Enterprises 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 Nu Skin Enterprises. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in employment.

Moving together with NUS Stock

  0.69CHD Church DwightPairCorr
  0.81KMB Kimberly ClarkPairCorr
  0.89KVUE Kenvue IncPairCorr
  0.65K KellanovaPairCorr
  0.64DG Dollar GeneralPairCorr
  0.62GV Visionary EducationPairCorr
  0.73IH Ihuman IncPairCorr
  0.77KO Coca ColaPairCorr

Moving against NUS Stock

  0.7HNST Honest CompanyPairCorr
  0.65NWL Newell BrandsPairCorr
  0.62SKIN Beauty HealthPairCorr
  0.59SPB Spectrum Brands HoldingsPairCorr
  0.58ELF ELF BeautyPairCorr
  0.54EWCZ European Wax CenterPairCorr
  0.51HELE Helen of TroyPairCorr
  0.49DSY Big Tree CloudPairCorr
  0.43MTEX Mannatech Incorporated Earnings Call This WeekPairCorr
  0.39CLX CloroxPairCorr
  0.38DSYWW Big Tree CloudPairCorr
  0.31IPAR Inter ParfumsPairCorr
  0.77DNUT Krispy KremePairCorr
  0.76GO Grocery Outlet HoldingPairCorr
  0.69TANH Tantech HoldingsPairCorr
  0.68VINE Fresh Grapes LLCPairCorr
  0.68VITL Vital FarmsPairCorr
  0.67COTY Coty IncPairCorr
  0.64EDBL Edible Garden AGPairCorr
  0.54DLTR Dollar TreePairCorr
  0.52DTCK Davis CommoditiesPairCorr
  0.48LW Lamb Weston HoldingsPairCorr

Related Correlations Analysis

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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   
PII
+ 0.87
USNA
PII
+ 0.85
FLO
FLO
+ 0.82
USNA
IPAR
+ 0.27
USNA
FLO
+ 0.08
IPAR
PII
+ 0.05
IPAR
  
High negative correlations   
IPAR
- 0.38
HLF
USNA
- 0.27
HLF
PII
- 0.22
HLF
FLO
- 0.13
HLF

Risk-Adjusted Indicators

There is a big difference between NUS Stock performing well and Nu Skin 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 Nu Skin'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.

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