ELF Beauty Correlations

ELF Stock

USD 94.83 4.76 5.28%

The current 90-days correlation between ELF Beauty and TAL Education Group is 0.07 (i.e., Significant diversification). The correlation of ELF 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.

ELF Beauty Correlation With Market

Poor diversification

The correlation between ELF Beauty and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ELF Beauty and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ELF Stock

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ELF Beauty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more detail on how to invest in ELF Stock please use our How to Invest in ELF Beauty guide.

Moving together with ELF Stock

0.86	EL	Estee Lauder Companies	Pair Corr
0.65	BB	Socit BIC SA	Pair Corr
0.77	HLF	Herbalife Nutrition	Pair Corr
0.62	3RBB	Reckitt Benckiser Split	Pair Corr

Moving against ELF Stock

0.62	DSY	Big Tree Cloud	Pair Corr
0.49	FTLF	FitLife Brands Common	Pair Corr
0.47	OT7	Ontex Group NV	Pair Corr
0.47	YSG	Yatsen Holding	Pair Corr
0.45	ODD	ODDITY Tech	Pair Corr
0.69	DSFIR	DSM Firmenich AG	Pair Corr
0.31	HNST	Honest Company Earnings Call This Week	Pair Corr

Related Correlations Analysis

	TAL	INGR	OLLI	POST	SFM	CAG	DAR	COTY	LOPE	SFD
TAL		0.4	-0.09	0.2	-0.29	0.31	0.31	-0.11	0.2	0.25	TAL
INGR	0.4		-0.58	0.45	-0.88	0.69	0.87	-0.56	0.48	0.91	INGR
OLLI	-0.09	-0.58		-0.15	0.56	-0.38	-0.46	0.34	-0.25	-0.63	OLLI
POST	0.2	0.45	-0.15		-0.59	0.78	0.62	-0.77	-0.19	0.58	POST
SFM	-0.29	-0.88	0.56	-0.59		-0.76	-0.87	0.68	-0.3	-0.84	SFM
CAG	0.31	0.69	-0.38	0.78	-0.76		0.82	-0.66	-0.18	0.79	CAG
DAR	0.31	0.87	-0.46	0.62	-0.87	0.82		-0.73	0.11	0.93	DAR
COTY	-0.11	-0.56	0.34	-0.77	0.68	-0.66	-0.73		0.06	-0.72	COTY
LOPE	0.2	0.48	-0.25	-0.19	-0.3	-0.18	0.11	0.06		0.22	LOPE
SFD	0.25	0.91	-0.63	0.58	-0.84	0.79	0.93	-0.72	0.22		SFD
	TAL	INGR	OLLI	POST	SFM	CAG	DAR	COTY	LOPE	SFD

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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

SFD	+ 0.93	DAR
SFD	+ 0.91	INGR
DAR	+ 0.87	INGR
DAR	+ 0.82	CAG
SFD	+ 0.79	CAG
CAG	+ 0.78	POST

High negative correlations

SFM	- 0.88	INGR
DAR	- 0.87	SFM
SFD	- 0.84	SFM
COTY	- 0.77	POST
CAG	- 0.76	SFM
COTY	- 0.73	DAR

Risk-Adjusted Indicators

There is a big difference between ELF Stock performing well and ELF 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 ELF 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TAL	2.19	(0.08)	(0.03)	0.01	2.35	(2.60)	5.32	(3.66)	23.09
INGR	0.77	0.10	0.06	0.28	0.71	(0.90)	2.27	(1.58)	4.88
OLLI	1.61	(0.29)	0.00	(0.13)	0.00	0.00	3.30	(2.82)	9.34
POST	1.35	(0.08)	(0.05)	(0.01)	1.86	(1.59)	2.28	(3.04)	13.53
SFM	1.71	(0.16)	0.00	(0.34)	0.00	0.00	3.16	(3.58)	11.57
CAG	1.37	0.17	0.05	1.75	1.48	(1.51)	3.57	(2.54)	8.37
DAR	1.58	0.53	0.29	0.59	1.26	(1.76)	4.27	(2.13)	8.41
COTY	2.16	(0.31)	0.00	(0.83)	0.00	0.00	2.95	(4.14)	24.10
LOPE	1.47	(0.14)	0.00	(0.06)	0.00	0.00	2.78	(3.09)	11.89
SFD	0.86	0.24	0.16	3.66	0.68	(0.99)	2.15	(1.52)	4.79

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