Herbalife Nutrition Correlations

HLF Stock

USD 5.62 0.40 7.66%

The current 90-days correlation between Herbalife Nutrition and Nomad Foods is -0.07 (i.e., Good diversification). The correlation of Herbalife Nutrition 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.

Herbalife Nutrition Correlation With Market

Average diversification

The correlation between Herbalife Nutrition and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Herbalife Nutrition and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Herbalife Nutrition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

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

Moving together with Herbalife Stock

0.8	CL	Colgate Palmolive	Pair Corr
0.8	ACU	Acme United	Pair Corr
0.86	CLX	Clorox	Pair Corr
0.72	ELF	ELF Beauty	Pair Corr
0.83	EPC	Edgewell Personal Care	Pair Corr
0.73	NUS	Nu Skin Enterprises Upward Rally	Pair Corr
0.75	RAY	Raytech Holding	Pair Corr
0.89	SPB	Spectrum Brands Holdings	Pair Corr
0.69	YSG	Yatsen Holding	Pair Corr
0.78	HELE	Helen of Troy	Pair Corr
0.85	KVUE	Kenvue Inc Aggressive Push	Pair Corr
0.62	COTY	Coty Inc	Pair Corr
0.92	BG	Bunge Limited	Pair Corr
0.69	GO	Grocery Outlet Holding	Pair Corr
0.72	JZ	Jianzhi Education	Pair Corr

Moving against Herbalife Stock

0.75	LFVN	Lifevantage	Pair Corr
0.68	UG	United Guardian	Pair Corr
0.6	HIMS	Hims Hers Health Trending	Pair Corr
0.55	MTEX	Mannatech Incorporated Upward Rally	Pair Corr
0.4	GROV	Virgin Group Acquisition	Pair Corr
0.38	IPAR	Inter Parfums Downward Rally	Pair Corr
0.85	K	Kellanova	Pair Corr
0.65	KR	Kroger Company Sell-off Trend	Pair Corr
0.62	VITL	Vital Farms	Pair Corr
0.61	DLTR	Dollar Tree	Pair Corr
0.6	BJ	BJs Wholesale Club	Pair Corr
0.45	IH	Ihuman Inc	Pair Corr
0.45	VSTA	Vasta Platform	Pair Corr
0.43	EDBL	Edible Garden AG	Pair Corr
0.37	PM	Philip Morris Intern	Pair Corr
0.32	KO	Coca Cola Aggressive Push	Pair Corr
0.31	SKIN	Beauty Health	Pair Corr

Related Correlations Analysis

	NOMD	BRBR	PPC	INGR	THS	JBSS	TWNK	JJSF	POST	HAIN
NOMD		0.66	0.5	0.08	0.11	-0.44	0.0	-0.04	0.44	0.21	NOMD
BRBR	0.66		0.04	0.05	0.09	-0.13	0.0	-0.05	0.49	0.21	BRBR
PPC	0.5	0.04		0.45	-0.17	-0.26	0.0	0.39	0.37	0.47	PPC
INGR	0.08	0.05	0.45		0.16	0.55	0.0	0.93	0.58	0.87	INGR
THS	0.11	0.09	-0.17	0.16		0.2	0.0	0.12	0.08	0.12	THS
JBSS	-0.44	-0.13	-0.26	0.55	0.2		0.0	0.63	0.33	0.46	JBSS
TWNK	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	TWNK
JJSF	-0.04	-0.05	0.39	0.93	0.12	0.63	0.0		0.66	0.92	JJSF
POST	0.44	0.49	0.37	0.58	0.08	0.33	0.0	0.66		0.78	POST
HAIN	0.21	0.21	0.47	0.87	0.12	0.46	0.0	0.92	0.78		HAIN
	NOMD	BRBR	PPC	INGR	THS	JBSS	TWNK	JJSF	POST	HAIN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

JJSF	+ 0.93	INGR
HAIN	+ 0.92	JJSF
HAIN	+ 0.87	INGR
HAIN	+ 0.78	POST
BRBR	+ 0.66	NOMD
POST	+ 0.66	JJSF

High negative correlations

JBSS	- 0.44	NOMD
JBSS	- 0.26	PPC
THS	- 0.17	PPC
JBSS	- 0.13	BRBR
JJSF	- 0.05	BRBR
JJSF	- 0.04	NOMD

Risk-Adjusted Indicators

There is a big difference between Herbalife Stock performing well and Herbalife Nutrition 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 Herbalife Nutrition'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
NOMD	1.36	0.07	0.04	0.13	1.78	(1.29)	2.83	(2.87)	8.04
BRBR	1.26	0.13	0.08	0.15	1.53	(1.25)	2.80	(2.28)	9.05
PPC	1.53	0.01	0.01	0.08	1.96	(1.55)	3.52	(3.89)	9.16
INGR	0.93	(0.26)	0.00	(0.55)	0.00	0.00	1.24	(2.02)	7.91
THS	1.62	(0.17)	0.00	(0.36)	0.00	0.00	2.54	(3.55)	14.33
JBSS	1.37	(0.25)	0.00	(0.37)	0.00	0.00	2.11	(2.94)	13.65
TWNK	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JJSF	1.23	(0.52)	0.00	(0.97)	0.00	0.00	2.23	(3.47)	9.17
POST	1.06	0.01	0.01	0.04	1.26	(1.15)	2.25	(2.03)	8.75
HAIN	3.11	(0.84)	0.00	(0.70)	0.00	0.00	5.25	(8.27)	19.15

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC