Nu Skin Correlations

Stocks . USA . 
Stock . Nu Skin Enterprises
NUS Stock  USD 7.72  0.04  0.52%   
The current 90-days correlation between Nu Skin Enterprises and Herbalife Nutrition is 0.42 (i.e., Very weak diversification). The correlation of Nu Skin 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.

Nu Skin Correlation With Market

Very weak diversification

The correlation between Nu Skin Enterprises and DJI is 0.45 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nu Skin Enterprises and DJI in the same portfolio, assuming nothing else is changed.
  
Build AI portfolio with NUS Stock
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nu Skin Enterprises. 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 NUS Stock

  0.86EL Estee Lauder CompaniesPairCorr
  0.78WDFC WD 40 CompanyPairCorr
  0.84EWCZ European Wax CenterPairCorr
  0.75ELF ELF BeautyPairCorr
  0.71MED MEDIFAST INCPairCorr
  0.63NWL Newell BrandsPairCorr
  0.8ODC Oil DriPairCorr
  0.68YSG Yatsen HoldingPairCorr
  0.86IPAR Inter ParfumsPairCorr
  0.82NAII Natural AlternativesPairCorr
  0.79NATR Natures Sunshine ProductsPairCorr

Moving against NUS Stock

  0.54EPC Edgewell Personal CarePairCorr
  0.49BSLKW Bolt Projects Holdings, Symbol ChangePairCorr
  0.44CLX CloroxPairCorr
  0.39DSY Big Tree CloudPairCorr
  0.35CL Colgate PalmolivePairCorr
  0.34ENR Energizer HoldingsPairCorr
  0.72GO Grocery Outlet HoldingPairCorr
  0.65BRBR Bellring Brands LLCPairCorr

Related Correlations Analysis

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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   
IPAR
+ 0.86
USNA
PII
+ 0.76
HLF
PII
+ 0.74
IPAR
PII
+ 0.57
USNA
IPAR
+ 0.36
HLF
USNA
+ 0.24
HLF
  
High negative correlations   
FLO
- 0.76
IPAR
FLO
- 0.75
USNA
PII
- 0.22
FLO

Risk-Adjusted Indicators

There is a big difference between NUS Stock performing well and Nu Skin 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 Nu Skin'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.

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