Coty Correlations

COTY Stock

USD 7.53 0.21 2.87%

The current 90-days correlation between Coty Inc and Hims Hers Health is 0.04 (i.e., Significant 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

Modest diversification

The correlation between Coty Inc and DJI is 0.21 (i.e., Modest 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.

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 together with Coty Stock

0.84	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.77	EL	Estee Lauder Companies	Pair Corr
0.71	UG	United Guardian	Pair Corr
0.83	UL	Unilever PLC ADR	Pair Corr
0.73	KMB	Kimberly Clark Fiscal Year End 22nd of January 2025	Pair Corr
0.9	BG	Bunge Limited	Pair Corr
0.68	GV	Visionary Education	Pair Corr

Moving against Coty Stock

0.84	YSG	Yatsen Holding	Pair Corr
0.82	NWL	Newell Brands	Pair Corr
0.81	HIMS	Hims Hers Health Trending	Pair Corr
0.64	HELE	Helen of Troy	Pair Corr
0.5	KVUE	Kenvue Inc Aggressive Push	Pair Corr
0.48	CHD	Church Dwight	Pair Corr
0.48	HNST	Honest Company	Pair Corr
0.45	CLX	Clorox	Pair Corr
0.37	MTEX	Mannatech Incorporated Downward Rally	Pair Corr
0.91	LW	Lamb Weston Holdings Sell-off Trend	Pair Corr
0.89	BRBR	Bellring Brands LLC	Pair Corr
0.75	KR	Kroger Company Earnings Call This Week	Pair Corr
0.74	PM	Philip Morris Intern	Pair Corr
0.67	BJ	BJs Wholesale Club	Pair Corr
0.64	K	Kellanova Sell-off Trend	Pair Corr
0.51	JZ	Jianzhi Education	Pair Corr
0.47	MO	Altria Group	Pair Corr
0.45	VINE	Fresh Grapes LLC	Pair Corr
0.39	BRCNF	Burcon NutraScience Corp	Pair Corr

Related Correlations Analysis

	HNST	HIMS	PG	KMB	CL	UL	CLX	CHD
HNST		0.37	0.07	-0.37	-0.42	-0.68	0.55	0.83	HNST
HIMS	0.37		-0.45	-0.67	-0.84	-0.8	0.31	0.39	HIMS
PG	0.07	-0.45		0.71	0.69	0.55	0.32	0.31	PG
KMB	-0.37	-0.67	0.71		0.9	0.81	-0.22	-0.2	KMB
CL	-0.42	-0.84	0.69	0.9		0.91	-0.3	-0.3	CL
UL	-0.68	-0.8	0.55	0.81	0.91		-0.36	-0.52	UL
CLX	0.55	0.31	0.32	-0.22	-0.3	-0.36		0.81	CLX
CHD	0.83	0.39	0.31	-0.2	-0.3	-0.52	0.81		CHD
	HNST	HIMS	PG	KMB	CL	UL	CLX	CHD

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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

UL	+ 0.91	CL
CL	+ 0.9	KMB
CHD	+ 0.83	HNST
UL	+ 0.81	KMB
CHD	+ 0.81	CLX
KMB	+ 0.71	PG

High negative correlations

CL	- 0.84	HIMS
UL	- 0.8	HIMS
UL	- 0.68	HNST
KMB	- 0.67	HIMS
CHD	- 0.52	UL
PG	- 0.45	HIMS

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
HNST	3.25	0.88	0.35	0.77	2.21	(4.58)	7.36	(3.95)	26.16
HIMS	4.64	0.49	0.11	0.28	6.14	(4.98)	11.22	(9.37)	43.55
PG	0.72	0.07	(0.07)	(0.49)	0.83	(0.78)	1.74	(1.26)	4.66
KMB	0.68	(0.05)	0.00	0.65	0.00	0.00	1.18	(1.76)	6.34
CL	0.81	(0.11)	0.00	0.62	0.00	0.00	1.20	(1.74)	6.33
UL	0.69	(0.09)	0.00	5.91	0.00	0.00	1.37	(1.31)	6.60
CLX	0.74	0.16	0.07	1.49	0.55	(0.89)	1.48	(0.99)	3.92
CHD	0.88	0.12	0.01	0.99	0.89	(1.00)	1.80	(1.74)	6.54

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