Olaplex Holdings Correlations

OLPX Stock

USD 1.59 0.05 3.25%

The current 90-days correlation between Olaplex Holdings and 1 800 FLOWERSCOM is 0.16 (i.e., Average diversification). The correlation of Olaplex Holdings 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.

Olaplex Holdings Correlation With Market

Significant diversification

The correlation between Olaplex Holdings and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Olaplex Holdings and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Olaplex Holdings. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in american community survey.

For more information on how to buy Olaplex Stock please use our How to Invest in Olaplex Holdings guide.

Moving together with Olaplex Stock

0.8	CL	Colgate Palmolive	Pair Corr
0.74	PG	Procter Gamble	Pair Corr
0.74	UL	Unilever PLC ADR	Pair Corr
0.67	WDFC	WD 40 Company	Pair Corr
0.74	EPC	Edgewell Personal Care Earnings Call This Week	Pair Corr
0.75	KMB	Kimberly Clark	Pair Corr
0.73	MED	MEDIFAST INC	Pair Corr
0.67	SPB	Spectrum Brands Holdings Earnings Call This Week	Pair Corr
0.76	YSG	Yatsen Holding	Pair Corr
0.7	HELE	Helen of Troy	Pair Corr

Moving against Olaplex Stock

0.44	ODC	Oil Dri	Pair Corr
0.67	LFVN	Lifevantage	Pair Corr
0.47	MTEX	Mannatech Incorporated	Pair Corr
0.4	SKIN	Beauty Health	Pair Corr

Related Correlations Analysis

	FLWS	EYE	LESL	ODP	SPWH	ULTA	RH	DKS	AZO	BBY
FLWS		0.24	0.21	0.18	0.06	-0.09	-0.11	0.02	0.01	0.22	FLWS
EYE	0.24		0.02	-0.09	-0.29	-0.03	0.15	-0.03	0.22	-0.06	EYE
LESL	0.21	0.02		0.66	0.15	-0.76	-0.8	-0.8	-0.68	0.7	LESL
ODP	0.18	-0.09	0.66		0.44	-0.51	-0.68	-0.71	-0.55	0.69	ODP
SPWH	0.06	-0.29	0.15	0.44		0.28	-0.27	-0.16	-0.07	0.27	SPWH
ULTA	-0.09	-0.03	-0.76	-0.51	0.28		0.72	0.74	0.75	-0.5	ULTA
RH	-0.11	0.15	-0.8	-0.68	-0.27	0.72		0.88	0.77	-0.74	RH
DKS	0.02	-0.03	-0.8	-0.71	-0.16	0.74	0.88		0.78	-0.64	DKS
AZO	0.01	0.22	-0.68	-0.55	-0.07	0.75	0.77	0.78		-0.54	AZO
BBY	0.22	-0.06	0.7	0.69	0.27	-0.5	-0.74	-0.64	-0.54		BBY
	FLWS	EYE	LESL	ODP	SPWH	ULTA	RH	DKS	AZO	BBY

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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

DKS	+ 0.88	RH
AZO	+ 0.78	DKS
AZO	+ 0.77	RH
AZO	+ 0.75	ULTA
DKS	+ 0.74	ULTA
RH	+ 0.72	ULTA

High negative correlations

DKS	- 0.8	LESL
RH	- 0.8	LESL
ULTA	- 0.76	LESL
BBY	- 0.74	RH
DKS	- 0.71	ODP
RH	- 0.68	ODP

Risk-Adjusted Indicators

There is a big difference between Olaplex Stock performing well and Olaplex Holdings 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 Olaplex Holdings' 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
FLWS	2.32	0.08	0.03	0.15	2.79	(2.57)	5.39	(4.77)	13.29
EYE	2.08	0.23	0.08	0.44	2.30	(2.25)	4.97	(4.45)	11.05
LESL	3.83	(0.40)	0.00	(0.37)	0.00	0.00	9.42	(6.11)	41.35
ODP	2.27	(0.36)	0.00	303.98	0.00	0.00	5.25	(5.88)	14.90
SPWH	3.57	(0.10)	0.00	0.52	0.00	0.00	9.09	(6.69)	25.49
ULTA	1.59	0.18	0.06	11.51	1.53	(1.86)	4.23	(3.16)	12.40
RH	2.26	0.38	0.15	0.64	2.15	(2.76)	5.50	(3.72)	23.92
DKS	1.59	0.25	0.12	0.55	1.54	(1.89)	3.92	(2.70)	9.12
AZO	1.03	0.04	(0.02)	0.22	1.04	(1.12)	2.15	(1.72)	6.89
BBY	1.32	(0.14)	0.00	(0.39)	0.00	0.00	2.90	(2.96)	8.78

Olaplex Holdings Corporate Management

James MacPherson	Advisor	Profile
Charlotte Watson	Chief Officer	Profile
Kristi Belhumeur	Senior Accounting	Profile
Trisha Fox	Chief Officer	Profile
Eric Tiziani	Chief Officer	Profile
JuE Wong	CEO Pres	Profile
John Duffy	General Secretary	Profile

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