Coty Correlations

COTY Stock

USD 4.94 0.02 0.40%

The current 90-days correlation between Coty Inc and Union Bankshares is -0.01 (i.e., Good diversification). The correlation of Coty 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.

Coty Correlation With Market

Good diversification

The correlation between Coty Inc and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Coty Inc and DJI in the same portfolio, assuming nothing else is changed.

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Coty Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Moving against Coty Stock

0.31

Bunge Limited

Pair Corr

Related Correlations Analysis

	UNB	UTMD	CL	EL	PG	UL	VERU	EMPG	WALD
UNB		-0.65	0.28	-0.7	0.14	0.28	-0.72	-0.06	0.42	UNB
UTMD	-0.65		-0.28	0.85	-0.34	-0.43	0.64	0.21	-0.23	UTMD
CL	0.28	-0.28		-0.48	0.7	0.61	-0.33	0.21	0.26	CL
EL	-0.7	0.85	-0.48		-0.57	-0.62	0.56	0.15	-0.21	EL
PG	0.14	-0.34	0.7	-0.57		0.71	-0.27	0.11	-0.02	PG
UL	0.28	-0.43	0.61	-0.62	0.71		-0.23	-0.01	0.05	UL
VERU	-0.72	0.64	-0.33	0.56	-0.27	-0.23		0.06	-0.32	VERU
EMPG	-0.06	0.21	0.21	0.15	0.11	-0.01	0.06		0.18	EMPG
WALD	0.42	-0.23	0.26	-0.21	-0.02	0.05	-0.32	0.18		WALD
	UNB	UTMD	CL	EL	PG	UL	VERU	EMPG	WALD

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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

EL	+ 0.85	UTMD
UL	+ 0.71	PG
PG	+ 0.7	CL
VERU	+ 0.64	UTMD
UL	+ 0.61	CL
VERU	+ 0.56	EL

High negative correlations

VERU	- 0.72	UNB
EL	- 0.7	UNB
UTMD	- 0.65	UNB
UL	- 0.62	EL
PG	- 0.57	EL
EL	- 0.48	CL

Risk-Adjusted Indicators

There is a big difference between Coty Stock performing well and Coty 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 Coty'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
UNB	1.96	(0.11)	0.00	(0.20)	0.00	0.00	4.37	(3.85)	13.66
UTMD	0.94	(0.02)	(0.05)	0.10	1.13	(1.01)	2.31	(1.65)	6.19
CL	0.88	(0.15)	0.00	(0.54)	0.00	0.00	1.86	(1.64)	5.85
EL	1.95	0.50	0.28	0.44	1.53	(2.24)	5.33	(3.30)	14.71
PG	0.85	(0.17)	0.00	(0.25)	0.00	0.00	1.29	(1.78)	6.28
UL	0.74	(0.07)	0.00	(0.55)	0.00	0.00	1.76	(1.68)	5.16
VERU	3.11	0.04	0.02	0.17	3.51	(4.17)	5.77	(5.71)	25.85
EMPG	5.67	(2.60)	0.00	(6.85)	0.00	0.00	9.47	(17.90)	17.90
WALD	3.66	(0.08)	(0.02)	0.03	4.92	(4.50)	9.22	(7.04)	33.24

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