LOreal Co Correlations
| LRLCY Stock | USD 70.61 0.86 1.23% |
The current 90-days correlation between LOreal Co ADR and Unilever PLC is -0.06 (i.e., Good diversification). The correlation of LOreal Co 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.
LOreal Co Correlation With Market
Significant diversification
The correlation between LOreal Co ADR and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LOreal Co ADR and DJI in the same portfolio, assuming nothing else is changed.
LOreal |
The ability to find closely correlated positions to LOreal Co could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LOreal Co 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 LOreal Co - 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 LOreal Co ADR to buy it.
Moving together with LOreal Pink Sheet
| 0.78 | PKX | POSCO Holdings Earnings Call This Week | PairCorr |
| 0.67 | SWZNF | Schweizerische Nationalbank | PairCorr |
| 0.82 | HYMTF | Hyundai Motor Earnings Call This Week | PairCorr |
Moving against LOreal Pink Sheet
| 0.86 | QNCX | Quince Therapeutics, | PairCorr |
| 0.83 | MCK | McKesson | PairCorr |
| 0.79 | RNMBF | Rheinmetall AG | PairCorr |
| 0.76 | GS | Goldman Sachs Group Fiscal Year End 21st of January 2025 | PairCorr |
| 0.74 | PLTR | Palantir Technologies Aggressive Push | PairCorr |
| 0.74 | OPFI | OppFi Inc | PairCorr |
| 0.72 | FSK | FS KKR Capital | PairCorr |
| 0.7 | MOGO | Mogo Inc | PairCorr |
| 0.68 | TATT | Tat Techno | PairCorr |
| 0.66 | MO | Altria Group | PairCorr |
| 0.66 | ZVIA | Zevia Pbc | PairCorr |
| 0.66 | WMT | Walmart | PairCorr |
| 0.61 | JBL | Jabil Circuit | PairCorr |
| 0.55 | MITQ | Moving iMage Technologies | PairCorr |
| 0.46 | ITCI | Intracellular Th Trending | PairCorr |
| 0.45 | SOUN | SoundHound AI | PairCorr |
| 0.43 | RUM | Rumble Inc Buyout Trend | PairCorr |
| 0.88 | UAL | United Airlines Holdings Earnings Call This Week | PairCorr |
| 0.82 | CLS | Celestica | PairCorr |
| 0.76 | AROC | Archrock | PairCorr |
| 0.75 | CSCO | Cisco Systems Aggressive Push | PairCorr |
| 0.75 | PRVA | Privia Health Group | PairCorr |
| 0.73 | HBI | Hanesbrands Sell-off Trend | PairCorr |
| 0.73 | TSLA | Tesla Inc Aggressive Push | PairCorr |
| 0.72 | VST | Vistra Energy Corp | PairCorr |
| 0.69 | AXP | American Express Earnings Call This Week | PairCorr |
| 0.69 | PAYC | Paycom Soft | PairCorr |
| 0.64 | AAL | American Airlines Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between LOreal Pink Sheet performing well and LOreal Co 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 LOreal Co'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SPCO | 3.14 | (0.17) | 0.00 | 0.70 | 0.00 | 12.28 | 21.23 | |||
| UNLYF | 2.06 | (0.13) | 0.00 | 0.41 | 0.00 | 4.91 | 13.31 | |||
| EL | 1.89 | (0.23) | 0.00 | 2.02 | 0.00 | 4.63 | 22.58 | |||
| CHD | 0.85 | 0.05 | 0.03 | 0.39 | 0.98 | 2.35 | 7.68 | |||
| MTEX | 4.82 | 0.78 | 0.14 | (0.39) | 4.68 | 10.87 | 43.88 | |||
| EPC | 1.16 | (0.07) | 0.00 | (0.12) | 0.00 | 2.12 | 6.50 | |||
| IPAR | 1.25 | 0.20 | 0.10 | 0.39 | 1.64 | 2.62 | 6.87 | |||
| NUS | 2.66 | 0.26 | 0.09 | 0.41 | 2.70 | 5.47 | 22.36 | |||
| HELE | 1.51 | (0.08) | 0.00 | 0.40 | 0.00 | 3.38 | 10.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in LOreal Co 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.Did you try this?
Run Stocks Directory Now
Stocks DirectoryFind actively traded stocks across global markets |
| All Next | Launch Module |
LOreal Co Corporate Management
| Antoine Vanlaeys | Chief Officer | Profile | |
| Asmita Dubey | Chief Officer | Profile | |
| Franoise Lauvin | Head Relations | Profile | |
| Emmanuel Goulin | Managing France | Profile | |
| Jacques Challes | Chief Officer | Profile | |
| Vismay Sharma | Middle Pacific | Profile | |
| Christophe Babule | Ex CFO | Profile |