Colgate Palmolive Correlations

CL Stock

USD 87.78 0.41 0.46%

The current 90-days correlation between Colgate Palmolive and Unilever PLC ADR is 0.7 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Colgate Palmolive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Colgate Palmolive moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Colgate Palmolive Correlation With Market

Modest diversification

The correlation between Colgate Palmolive and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Colgate Palmolive and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Colgate Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Colgate Palmolive. 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 information on how to buy Colgate Stock please use our How to buy in Colgate Stock guide.

Moving together with Colgate Stock

0.67

Procter Gamble

Pair Corr

Moving against Colgate Stock

0.35	EL	Estee Lauder Companies	Pair Corr
0.37	MED	MEDIFAST INC	Pair Corr
0.35	NUS	Nu Skin Enterprises	Pair Corr
0.32	ODC	Oil Dri	Pair Corr
0.32	IPAR	Inter Parfums	Pair Corr
0.31	NWL	Newell Brands	Pair Corr
0.31	ODD	ODDITY Tech	Pair Corr
0.31	YSG	Yatsen Holding	Pair Corr
0.42	USNA	USANA Health Sciences	Pair Corr
0.38	SKIN	Beauty Health	Pair Corr
0.36	NAII	Natural Alternatives	Pair Corr
0.36	NATR	Natures Sunshine Products	Pair Corr
0.34	TKLF	Yoshitsu	Pair Corr

Related Correlations Analysis

	CLX	PG	UL	CHD	KMB	EL	RBGLY
CLX		0.37	-0.53	0.59	0.35	-0.49	-0.61	CLX
PG	0.37		0.02	0.66	0.88	0.05	0.11	PG
UL	-0.53	0.02		-0.57	-0.11	0.04	0.48	UL
CHD	0.59	0.66	-0.57		0.55	-0.09	-0.21	CHD
KMB	0.35	0.88	-0.11	0.55		-0.03	0.0	KMB
EL	-0.49	0.05	0.04	-0.09	-0.03		0.7	EL
RBGLY	-0.61	0.11	0.48	-0.21	0.0	0.7		RBGLY
	CLX	PG	UL	CHD	KMB	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

KMB	+ 0.88	PG
RBGLY	+ 0.7	EL
CHD	+ 0.66	PG
CHD	+ 0.59	CLX
KMB	+ 0.55	CHD
RBGLY	+ 0.48	UL

High negative correlations

RBGLY	- 0.61	CLX
CHD	- 0.57	UL
UL	- 0.53	CLX
EL	- 0.49	CLX
RBGLY	- 0.21	CHD
KMB	- 0.11	UL

Risk-Adjusted Indicators

There is a big difference between Colgate Stock performing well and Colgate Palmolive 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 Colgate Palmolive'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
CLX	1.09	(0.27)	0.00	(0.64)	0.00	0.00	2.18	(2.69)	5.81
PG	1.06	(0.08)	0.00	(0.19)	0.00	0.00	2.29	(2.15)	7.30
UL	0.95	0.07	0.04	0.43	1.27	(1.03)	2.63	(1.85)	8.71
CHD	1.10	(0.16)	0.00	(0.59)	0.00	0.00	2.03	(2.12)	9.36
KMB	1.06	(0.12)	0.00	(0.41)	0.00	0.00	2.00	(2.28)	6.95
EL	2.36	0.17	0.05	0.12	3.81	(2.32)	5.29	(5.08)	18.21
RBGLY	1.24	0.11	0.03	(10.03)	2.27	(1.25)	2.34	(3.09)	11.35

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