Colgate Palmolive Correlations

CL Stock

USD 74.98 2.07 2.69%

The current 90-days correlation between Colgate Palmolive and Kimberly Clark is 0.59 (i.e., Very weak 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

Significant diversification

The correlation between Colgate Palmolive and DJI is 0.06 (i.e., Significant 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 inflation.

For more information on how to buy Colgate Stock please use our How to buy in Colgate Stock guide.

Moving together with Colgate Stock

0.75	PG	Procter Gamble	Pair Corr
0.94	WDFC	WD 40 Company	Pair Corr
0.84	CENTA	Central Garden Pet	Pair Corr
0.89	CHD	Church Dwight	Pair Corr
0.81	ENR	Energizer Holdings	Pair Corr
0.91	KMB	Kimberly Clark	Pair Corr
0.87	603515	Opple Lighting	Pair Corr
0.8	002094	Qingdao Kingking Applied	Pair Corr
0.84	CENT	Central Garden Pet	Pair Corr
0.77	VFSWW	VinFast Auto	Pair Corr
0.68	VFS	VinFast Auto	Pair Corr

Moving against Colgate Stock

0.9	000737	North Copper Shanxi	Pair Corr
0.83	PZC	PZ Cussons PLC	Pair Corr
0.76	600651	Shanghai Feilo Acoustics	Pair Corr
0.69	REYN	Reynolds Consumer	Pair Corr
0.64	RKT	Reckitt Benckiser	Pair Corr
0.32	MCB	McBride plc	Pair Corr
0.88	MXC	Mexco Energy	Pair Corr
0.88	TEL	TE Connectivity Sell-off Trend	Pair Corr
0.82	AAPL	Apple Inc	Pair Corr
0.78	ALIUSD	Aluminum Futures	Pair Corr
0.74	J	Jacobs Solutions	Pair Corr
0.68	SHG	Shinhan Financial	Pair Corr
0.67	RYCEY	Rolls Royce Holdings	Pair Corr
0.59	FSTR	LB Foster Earnings Call This Week	Pair Corr
0.39	ALNY	Alnylam Pharmaceuticals	Pair Corr

Related Correlations Analysis

	KMB	DEO	MNST	KVUE	MDLZ	KR	EL	CCEP	CLX	CHD
KMB		0.74	-0.73	0.85	0.38	0.7	-0.43	0.5	0.62	0.77	KMB
DEO	0.74		-0.56	0.82	0.03	0.63	-0.2	0.18	0.22	0.8	DEO
MNST	-0.73	-0.56		-0.83	-0.12	-0.37	0.55	-0.34	-0.4	-0.67	MNST
KVUE	0.85	0.82	-0.83		0.2	0.66	-0.46	0.38	0.42	0.83	KVUE
MDLZ	0.38	0.03	-0.12	0.2		0.2	-0.36	0.28	0.63	0.27	MDLZ
KR	0.7	0.63	-0.37	0.66	0.2		0.03	0.66	0.27	0.47	KR
EL	-0.43	-0.2	0.55	-0.46	-0.36	0.03		0.09	-0.6	-0.46	EL
CCEP	0.5	0.18	-0.34	0.38	0.28	0.66	0.09		0.23	0.18	CCEP
CLX	0.62	0.22	-0.4	0.42	0.63	0.27	-0.6	0.23		0.56	CLX
CHD	0.77	0.8	-0.67	0.83	0.27	0.47	-0.46	0.18	0.56		CHD
	KMB	DEO	MNST	KVUE	MDLZ	KR	EL	CCEP	CLX	CHD

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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

KVUE	+ 0.85	KMB
CHD	+ 0.83	KVUE
KVUE	+ 0.82	DEO
CHD	+ 0.8	DEO
CHD	+ 0.77	KMB
DEO	+ 0.74	KMB

High negative correlations

KVUE	- 0.83	MNST
MNST	- 0.73	KMB
CHD	- 0.67	MNST
CLX	- 0.6	EL
MNST	- 0.56	DEO
CHD	- 0.46	EL

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
KMB	1.06	(0.44)	0.00	(0.40)	0.00	0.00	1.55	(2.21)	5.17
DEO	1.05	(0.01)	0.00	0.25	0.00	0.00	3.10	(1.96)	8.69
MNST	1.02	0.21	0.04	(0.76)	1.25	(1.06)	2.25	(2.36)	10.38
KVUE	2.05	(0.48)	0.00	(0.45)	0.00	0.00	3.38	(4.09)	17.95
MDLZ	0.94	(0.20)	0.00	(0.79)	0.00	0.00	1.44	(2.27)	5.70
KR	1.06	(0.10)	0.00	0.29	0.00	0.00	1.85	(2.44)	7.15
EL	1.99	(0.15)	(0.02)	0.03	2.43	(2.26)	4.11	(3.88)	11.26
CCEP	1.08	(0.21)	0.00	(0.88)	0.00	0.00	1.98	(2.88)	7.76
CLX	1.02	(0.19)	0.00	(0.46)	0.00	0.00	1.80	(2.22)	6.39
CHD	1.09	(0.14)	0.00	(0.94)	0.00	0.00	1.56	(2.39)	6.15

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