Ulta Beauty Correlations

Stocks . Germany . 
Stock . Ulta Beauty
34U Stock  EUR 559.20  15.80  2.75%   
The current 90-days correlation between Ulta Beauty and RYANAIR HLDGS ADR is 0.1 (i.e., Average diversification). The correlation of Ulta Beauty 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.

Ulta Beauty Correlation With Market

Almost no diversification

The correlation between Ulta Beauty and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ulta Beauty and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Ulta Beauty could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ulta Beauty when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Ulta Beauty - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Ulta Beauty to buy it.

Moving together with Ulta Stock

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Moving against Ulta Stock

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Related Correlations Analysis


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

AFR0
+ 0.88
OYC
OYC
+ 0.73
RY4D
52SA
+ 0.73
OYC
AFR0
+ 0.62
RY4D
52SA
+ 0.61
RY4D
52SA
+ 0.61
AFR0
  

High negative correlations

HL80
- 0.69
RY4D
OYC
- 0.38
HL80
52SA
- 0.37
HL80
AFR0
- 0.24
HL80
OIA
- 0.0
52SA
OIA
- 0.0
ARW

Risk-Adjusted Indicators

There is a big difference between Ulta Stock performing well and Ulta Beauty 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 Ulta Beauty'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ulta Beauty without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Ulta Beauty Corporate Management

Elected by the shareholders, the Ulta Beauty's board of directors comprises two types of representatives: Ulta Beauty inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ulta. The board's role is to monitor Ulta Beauty's management team and ensure that shareholders' interests are well served. Ulta Beauty's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Ulta Beauty's outside directors are responsible for providing unbiased perspectives on the board's policies.
Anita RyanChief OfficerProfile
Rene CasaresChief SecretaryProfile
Mani SuriChief OfficerProfile
Kelly MahoneyChief OfficerProfile
Andy LightfootChief NKProfile
Eileen ZiesemerVP PRProfile
Erik LopezChief OfficerProfile
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