Kimberly Clark Correlations

KMB Stock

USD 137.03 0.66 0.48%

The current 90-days correlation between Kimberly Clark and Colgate Palmolive is 0.54 (i.e., Very weak diversification). The correlation of Kimberly Clark 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.

Kimberly Clark Correlation With Market

Good diversification

The correlation between Kimberly Clark and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kimberly Clark and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kimberly Clark. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population.

For information on how to trade Kimberly Stock refer to our How to Trade Kimberly Stock guide.

Moving together with Kimberly Stock

0.91	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.76	EL	Estee Lauder Companies	Pair Corr
0.74	PG	Procter Gamble	Pair Corr
0.62	UG	United Guardian	Pair Corr
0.8	UL	Unilever PLC ADR	Pair Corr
0.71	VERU	Veru Inc Fiscal Year End 13th of December 2024	Pair Corr
0.7	OLPX	Olaplex Holdings Buyout Trend	Pair Corr

Moving against Kimberly Stock

0.82	NWL	Newell Brands	Pair Corr
0.75	YSG	Yatsen Holding	Pair Corr
0.74	WDFC	WD 40 Company	Pair Corr
0.6	ODD	ODDITY Tech	Pair Corr
0.57	ODC	Oil Dri	Pair Corr
0.49	IPAR	Inter Parfums	Pair Corr
0.46	HELE	Helen of Troy	Pair Corr
0.38	HNST	Honest Company	Pair Corr
0.33	EWCZ	European Wax Center	Pair Corr
0.81	LW	Lamb Weston Holdings	Pair Corr
0.77	BRBR	Bellring Brands LLC	Pair Corr
0.74	LFVN	Lifevantage	Pair Corr
0.73	KR	Kroger Company Earnings Call This Week	Pair Corr
0.62	BJ	BJs Wholesale Club Buyout Trend	Pair Corr
0.62	PM	Philip Morris Intern	Pair Corr
0.52	KVUE	Kenvue Inc Aggressive Push	Pair Corr
0.48	NATR	Natures Sunshine Products Potential Growth	Pair Corr
0.48	K	Kellanova	Pair Corr
0.46	MO	Altria Group	Pair Corr
0.44	SPPJY	Sappi Ltd ADR	Pair Corr

Related Correlations Analysis

	CL	EL	PG	UG	UL	EWCZ	CENTA	CHD	CLX	DSY
CL		0.74	0.76	0.68	0.89	-0.32	0.48	-0.25	-0.27	0.55	CL
EL	0.74		0.46	0.78	0.78	-0.26	-0.04	-0.6	-0.52	0.44	EL
PG	0.76	0.46		0.44	0.67	-0.37	0.34	0.23	0.25	0.47	PG
UG	0.68	0.78	0.44		0.88	0.02	0.07	-0.57	-0.27	0.5	UG
UL	0.89	0.78	0.67	0.88		-0.08	0.28	-0.44	-0.22	0.6	UL
EWCZ	-0.32	-0.26	-0.37	0.02	-0.08		-0.1	-0.15	0.12	0.16	EWCZ
CENTA	0.48	-0.04	0.34	0.07	0.28	-0.1		0.26	-0.05	0.03	CENTA
CHD	-0.25	-0.6	0.23	-0.57	-0.44	-0.15	0.26		0.74	-0.21	CHD
CLX	-0.27	-0.52	0.25	-0.27	-0.22	0.12	-0.05	0.74		0.0	CLX
DSY	0.55	0.44	0.47	0.5	0.6	0.16	0.03	-0.21	0.0		DSY
	CL	EL	PG	UG	UL	EWCZ	CENTA	CHD	CLX	DSY

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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	+ 0.89	CL
UL	+ 0.88	UG
UG	+ 0.78	EL
UL	+ 0.78	EL
PG	+ 0.76	CL
EL	+ 0.74	CL

High negative correlations

CHD	- 0.6	EL
CHD	- 0.57	UG
CLX	- 0.52	EL
CHD	- 0.44	UL
EWCZ	- 0.37	PG
EWCZ	- 0.32	CL

Risk-Adjusted Indicators

There is a big difference between Kimberly Stock performing well and Kimberly Clark 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 Kimberly Clark'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
CL	0.81	(0.11)	0.00	0.52	0.00	0.00	1.20	(1.74)	6.33
EL	1.86	(0.49)	0.00	(0.70)	0.00	0.00	3.49	(3.42)	30.90
PG	0.67	0.02	(0.09)	(0.04)	0.85	(0.73)	1.56	(1.26)	4.66
UG	2.86	(0.32)	0.00	1.16	0.00	0.00	5.03	(6.49)	23.10
UL	0.69	(0.08)	0.00	1.12	0.00	0.00	1.16	(1.31)	6.60
EWCZ	2.59	(0.16)	0.00	(0.04)	0.00	0.00	4.35	(4.61)	31.55
CENTA	1.25	(0.16)	0.00	(0.06)	0.00	0.00	2.74	(2.72)	6.82
CHD	0.88	0.13	0.05	1.08	0.91	(0.97)	1.80	(1.74)	6.54
CLX	0.74	0.16	0.10	1.48	0.57	(0.91)	1.48	(0.99)	3.92
DSY	9.89	0.48	0.05	0.29	11.84	(10.88)	19.11	(20.59)	107.58

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