USANA Health Correlations

USNA Stock

USD 27.24 0.07 0.26%

The current 90-days correlation between USANA Health Sciences and J J Snack is 0.3 (i.e., Weak diversification). The correlation of USANA Health 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.

USANA Health Correlation With Market

Average diversification

The correlation between USANA Health Sciences and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding USANA Health Sciences and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in USANA Health Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with USANA Stock

0.63	EL	Estee Lauder Companies	Pair Corr
0.81	CLX	Clorox	Pair Corr
0.78	DSY	Big Tree Cloud	Pair Corr
0.85	ELF	ELF Beauty	Pair Corr
0.8	EPC	Edgewell Personal Care	Pair Corr
0.8	NWL	Newell Brands	Pair Corr
0.85	SPB	Spectrum Brands Holdings	Pair Corr
0.77	HELE	Helen of Troy	Pair Corr
0.76	HNST	Honest Company	Pair Corr
0.79	TANH	Tantech Holdings	Pair Corr
0.76	COTY	Coty Inc Sell-off Trend	Pair Corr
0.65	BG	Bunge Limited	Pair Corr
0.72	LW	Lamb Weston Holdings Earnings Call Next Week	Pair Corr

Moving against USANA Stock

0.64	GROV	Virgin Group Acquisition	Pair Corr
0.58	KMB	Kimberly Clark	Pair Corr
0.51	KVUE	Kenvue Inc	Pair Corr
0.45	NUS	Nu Skin Enterprises	Pair Corr
0.42	CHD	Church Dwight Sell-off Trend	Pair Corr
0.34	PG	Procter Gamble	Pair Corr
0.34	UL	Unilever PLC ADR	Pair Corr
0.34	ACU	Acme United	Pair Corr
0.83	VSTA	Vasta Platform	Pair Corr
0.79	PM	Philip Morris Intern	Pair Corr
0.78	K	Kellanova Sell-off Trend	Pair Corr
0.77	YQ	17 Education Technology	Pair Corr
0.72	IH	Ihuman Inc	Pair Corr
0.71	BJ	BJs Wholesale Club	Pair Corr
0.71	KO	Coca Cola	Pair Corr
0.67	KR	Kroger Company	Pair Corr
0.66	MO	Altria Group	Pair Corr
0.6	YI	111 Inc	Pair Corr
0.42	DG	Dollar General	Pair Corr
0.42	GV	Visionary Education	Pair Corr
0.4	DOLE	Dole PLC	Pair Corr

Related Correlations Analysis

	JJSF	LANC	SENEB	SENEA	BRID	BRBR	POST	SMPL	THS	CENTA
JJSF		-0.28	-0.71	-0.2	0.62	0.22	0.3	0.4	0.49	0.41	JJSF
LANC	-0.28		0.05	0.56	-0.22	-0.1	0.65	0.23	-0.35	0.46	LANC
SENEB	-0.71	0.05		0.37	-0.54	-0.51	-0.12	-0.54	-0.61	-0.42	SENEB
SENEA	-0.2	0.56	0.37		-0.35	-0.66	0.68	-0.27	-0.79	0.2	SENEA
BRID	0.62	-0.22	-0.54	-0.35		0.31	0.03	0.5	0.68	0.1	BRID
BRBR	0.22	-0.1	-0.51	-0.66	0.31		-0.21	0.7	0.7	0.31	BRBR
POST	0.3	0.65	-0.12	0.68	0.03	-0.21		0.29	-0.32	0.61	POST
SMPL	0.4	0.23	-0.54	-0.27	0.5	0.7	0.29		0.59	0.54	SMPL
THS	0.49	-0.35	-0.61	-0.79	0.68	0.7	-0.32	0.59		0.09	THS
CENTA	0.41	0.46	-0.42	0.2	0.1	0.31	0.61	0.54	0.09		CENTA
	JJSF	LANC	SENEB	SENEA	BRID	BRBR	POST	SMPL	THS	CENTA

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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

SMPL	+ 0.7	BRBR
THS	+ 0.7	BRBR
POST	+ 0.68	SENEA
THS	+ 0.68	BRID
POST	+ 0.65	LANC
BRID	+ 0.62	JJSF

High negative correlations

THS	- 0.79	SENEA
SENEB	- 0.71	JJSF
BRBR	- 0.66	SENEA
THS	- 0.61	SENEB
SMPL	- 0.54	SENEB
BRID	- 0.54	SENEB

Risk-Adjusted Indicators

There is a big difference between USANA Stock performing well and USANA Health 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 USANA Health'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
JJSF	1.23	(0.41)	0.00	16.69	0.00	0.00	2.51	(3.31)	9.16
LANC	1.32	(0.12)	0.00	(0.23)	0.00	0.00	2.19	(2.73)	11.71
SENEB	1.96	0.67	0.24	1.41	1.45	(3.40)	7.46	(3.81)	18.07
SENEA	1.32	0.17	0.12	0.27	1.52	(1.42)	3.55	(2.43)	8.12
BRID	1.23	(0.15)	0.00	(2.51)	0.00	0.00	2.44	(2.85)	7.40
BRBR	1.54	(0.05)	0.00	(0.10)	0.00	0.00	3.09	(4.16)	10.54
POST	1.00	(0.06)	0.00	(0.27)	0.00	0.00	1.73	(1.91)	8.75
SMPL	1.34	(0.23)	0.00	(0.43)	0.00	0.00	2.27	(3.31)	10.02
THS	1.51	(0.36)	0.00	(0.78)	0.00	0.00	2.10	(3.65)	13.25
CENTA	1.57	(0.17)	0.00	(0.66)	0.00	0.00	2.53	(3.89)	11.78

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