Kenvue Correlations

KVUE Stock

20.76 0.06 0.29%

The current 90-days correlation between Kenvue Inc and Datadog is 0.23 (i.e., Modest diversification). The correlation of Kenvue 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.

Kenvue Correlation With Market

Very weak diversification

The correlation between Kenvue Inc and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kenvue Inc and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Kenvue Stock

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kenvue 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 employment.

Moving together with Kenvue Stock

0.63	CLX	Clorox	Pair Corr
0.63	EPC	Edgewell Personal Care	Pair Corr
0.7	SPB	Spectrum Brands Holdings	Pair Corr
0.68	K	Kellanova Sell-off Trend	Pair Corr

Moving against Kenvue Stock

0.7	YSG	Yatsen Holding	Pair Corr
0.54	ELF	ELF Beauty	Pair Corr
0.53	EL	Estee Lauder Companies	Pair Corr
0.39	EWCZ	European Wax Center	Pair Corr
0.37	NUS	Nu Skin Enterprises	Pair Corr
0.68	DG	Dollar General	Pair Corr
0.46	DTCK	Davis Commodities	Pair Corr
0.42	DLTR	Dollar Tree	Pair Corr
0.34	VITL	Vital Farms	Pair Corr
0.31	SKIN	Beauty Health	Pair Corr

Related Correlations Analysis

	DDOG	CDNS	NOW	NDAQ	GETY	SPNS	RDCM
DDOG		0.75	0.81	0.96	0.2	0.86	0.86	DDOG
CDNS	0.75		0.93	0.76	0.56	0.83	0.81	CDNS
NOW	0.81	0.93		0.85	0.5	0.91	0.88	NOW
NDAQ	0.96	0.76	0.85		0.26	0.9	0.88	NDAQ
GETY	0.2	0.56	0.5	0.26		0.42	0.22	GETY
SPNS	0.86	0.83	0.91	0.9	0.42		0.84	SPNS
RDCM	0.86	0.81	0.88	0.88	0.22	0.84		RDCM
	DDOG	CDNS	NOW	NDAQ	GETY	SPNS	RDCM

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Risk-Adjusted Indicators

There is a big difference between Kenvue Stock performing well and Kenvue 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 Kenvue'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
DDOG	2.09	0.49	0.21	0.43	2.11	(2.48)	5.14	(4.25)	16.68
CDNS	1.77	0.23	0.08	0.23	2.70	(1.74)	5.10	(4.02)	24.92
NOW	1.84	0.26	0.13	0.25	1.96	(2.07)	3.63	(3.08)	18.66
NDAQ	1.11	0.12	0.05	0.19	2.00	(1.03)	1.95	(2.16)	10.79
GETY	3.54	0.08	0.00	(0.42)	4.58	(3.73)	6.91	(6.91)	23.43
SPNS	1.34	0.08	0.05	0.16	1.49	(1.46)	3.11	(2.51)	12.16
RDCM	2.31	0.17	0.06	0.26	2.55	(2.48)	5.42	(4.28)	12.44

Kenvue Corporate Management

Tina Romani	Head Relations	Profile
Charmaine England	Chief Officer	Profile
Bernardo Tavares	Chief Officer	Profile
Ellie Xie	Group Pacific	Profile
Heather Howlett	Chief Officer	Profile
Sofya Tsinis	Head Relations	Profile
Caroline Tillett	Chief Officer	Profile

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