Kenvue Correlations

KVUE Stock

16.49 0.34 2.11%

The current 90-days correlation between Kenvue Inc and Kimberly Clark is -0.27 (i.e., Very good 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

Average diversification

The correlation between Kenvue Inc and DJI is 0.1 (i.e., Average 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 housing.

Moving together with Kenvue Stock

0.67	603605	Proya Cosmetics	Pair Corr
0.7	003006	Chongqing Baiya Sanitary	Pair Corr
0.72	AMBICAAGAR	Ambica Agarbathies Aroma	Pair Corr
0.63	GILLETTE	Gillette India	Pair Corr
0.8	EPC	Edgewell Personal Care	Pair Corr
0.78	HLF	Herbalife Nutrition Buyout Trend	Pair Corr
0.72	EMAMILTD	Emami Limited	Pair Corr
0.61	YSG	Yatsen Holding	Pair Corr
0.78	IPAR	Inter Parfums	Pair Corr
0.69	PG	PROCTER GAMBLE CDR	Pair Corr
0.66	HINDUNILVR	Hindustan Unilever	Pair Corr

Moving against Kenvue Stock

0.62	JHS	JHS Svendgaard Labor	Pair Corr
0.61	BAJAJCON	Bajaj Consumer Care	Pair Corr
0.54	FTLF	FitLife Brands, Common	Pair Corr
0.47	EL	Estee Lauder Companies	Pair Corr
0.38	600249	Liuzhou Liangmianzhen	Pair Corr
0.8	001206	Tianjin Yiyi Hygiene	Pair Corr
0.39	PGHH	Procter Gamble Hygiene	Pair Corr
0.61	S66	Star Combo Pharma	Pair Corr
0.6	001218	Hunan Resun	Pair Corr
0.47	603059	Perfect Group Corp	Pair Corr

Related Correlations Analysis

	KMB	EL	ADM	K	HSY	CHD	JBS	SYY	KDP	KHC
KMB		-0.11	0.73	-0.67	0.56	0.75	0.64	0.82	0.39	0.84	KMB
EL	-0.11		0.25	0.49	-0.25	-0.28	-0.56	-0.34	0.08	-0.3	EL
ADM	0.73	0.25		-0.33	0.51	0.5	0.26	0.55	0.31	0.59	ADM
K	-0.67	0.49	-0.33		-0.34	-0.63	-0.84	-0.63	-0.24	-0.75	K
HSY	0.56	-0.25	0.51	-0.34		0.28	0.23	0.8	-0.18	0.43	HSY
CHD	0.75	-0.28	0.5	-0.63	0.28		0.75	0.6	0.5	0.79	CHD
JBS	0.64	-0.56	0.26	-0.84	0.23	0.75		0.59	0.31	0.81	JBS
SYY	0.82	-0.34	0.55	-0.63	0.8	0.6	0.59		0.05	0.74	SYY
KDP	0.39	0.08	0.31	-0.24	-0.18	0.5	0.31	0.05		0.51	KDP
KHC	0.84	-0.3	0.59	-0.75	0.43	0.79	0.81	0.74	0.51		KHC
	KMB	EL	ADM	K	HSY	CHD	JBS	SYY	KDP	KHC

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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

KHC	+ 0.84	KMB
SYY	+ 0.82	KMB
KHC	+ 0.81	JBS
SYY	+ 0.8	HSY
KHC	+ 0.79	CHD
CHD	+ 0.75	KMB

High negative correlations

JBS	- 0.84	K
KHC	- 0.75	K
K	- 0.67	KMB
SYY	- 0.63	K
CHD	- 0.63	K
JBS	- 0.56	EL

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
KMB	1.04	(0.36)	0.00	(0.74)	0.00	0.00	1.48	(2.21)	17.56
EL	1.96	(0.06)	0.00	(0.05)	0.00	0.00	4.11	(3.66)	11.26
ADM	1.23	(0.05)	0.00	0.42	0.00	0.00	2.94	(2.33)	9.63
K	0.30	0.07	0.12	1.29	0.12	(0.37)	0.56	(0.57)	5.35
HSY	1.19	0.02	0.00	0.07	1.48	(1.22)	2.37	(2.51)	8.57
CHD	1.02	(0.19)	0.00	(0.94)	0.00	0.00	1.52	(2.39)	9.75
JBS	1.29	(0.15)	0.00	1.42	0.00	0.00	2.40	(2.71)	8.81
SYY	0.89	(0.11)	0.00	(0.35)	0.00	0.00	1.81	(1.75)	5.09
KDP	1.56	(0.37)	0.00	(0.56)	0.00	0.00	2.34	(4.28)	13.51
KHC	1.14	(0.12)	0.00	(0.26)	0.00	0.00	2.03	(3.03)	9.65

Kenvue Corporate Management

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

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