Procter Gamble Correlations

PG Stock

USD 161.13 0.63 0.39%

The current 90-days correlation between Procter Gamble and Unilever PLC ADR is 0.64 (i.e., Poor diversification). The correlation of Procter Gamble 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.

Procter Gamble Correlation With Market

Modest diversification

The correlation between Procter Gamble and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Procter Gamble 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 Procter Gamble. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.

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

Moving together with Procter Stock

0.69	CL	Colgate Palmolive Earnings Call This Week	Pair Corr
0.61	WDFC	WD 40 Company	Pair Corr
0.63	CHD	Church Dwight	Pair Corr
0.63	CLX	Clorox	Pair Corr
0.75	EPC	Edgewell Personal Care	Pair Corr
0.71	KMB	Kimberly Clark Earnings Call This Week	Pair Corr
0.74	YSG	Yatsen Holding	Pair Corr
0.77	HELE	Helen of Troy	Pair Corr
0.62	KVUE	Kenvue Inc	Pair Corr
0.67	OLPX	Olaplex Holdings	Pair Corr

Moving against Procter Stock

0.32	EWCZ	European Wax Center	Pair Corr
0.53	LFVN	Lifevantage	Pair Corr
0.44	MTEX	Mannatech Incorporated	Pair Corr
0.37	ODC	Oil Dri	Pair Corr
0.52	SKIN	Beauty Health	Pair Corr
0.37	K	Kellanova	Pair Corr

Related Correlations Analysis

	CLX	CL	UL	CHD	KMB	EL	ELF	COTY	KVUE
CLX		0.08	-0.11	0.91	0.2	-0.47	0.47	-0.02	0.65	CLX
CL	0.08		0.89	0.07	0.94	0.59	-0.47	0.74	0.33	CL
UL	-0.11	0.89		-0.21	0.82	0.57	-0.61	0.79	0.26	UL
CHD	0.91	0.07	-0.21		0.2	-0.44	0.49	-0.13	0.65	CHD
KMB	0.2	0.94	0.82	0.2		0.49	-0.42	0.7	0.34	KMB
EL	-0.47	0.59	0.57	-0.44	0.49		-0.2	0.59	-0.38	EL
ELF	0.47	-0.47	-0.61	0.49	-0.42	-0.2		-0.33	0.0	ELF
COTY	-0.02	0.74	0.79	-0.13	0.7	0.59	-0.33		0.16	COTY
KVUE	0.65	0.33	0.26	0.65	0.34	-0.38	0.0	0.16		KVUE
	CLX	CL	UL	CHD	KMB	EL	ELF	COTY	KVUE

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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

KMB	+ 0.94	CL
CHD	+ 0.91	CLX
UL	+ 0.89	CL
KMB	+ 0.82	UL
COTY	+ 0.79	UL
COTY	+ 0.74	CL

High negative correlations

ELF	- 0.61	UL
ELF	- 0.47	CL
EL	- 0.47	CLX
EL	- 0.44	CHD
ELF	- 0.42	KMB
KVUE	- 0.38	EL

Risk-Adjusted Indicators

There is a big difference between Procter Stock performing well and Procter Gamble 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 Procter Gamble'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
CLX	0.69	0.01	0.01	0.05	0.99	(0.69)	1.37	(1.76)	6.13
CL	0.82	(0.18)	0.00	(1.89)	0.00	0.00	1.13	(2.57)	5.20
UL	0.68	(0.18)	0.00	(1.61)	0.00	0.00	1.32	(1.91)	6.60
CHD	0.88	0.07	0.07	0.70	0.97	(0.98)	2.35	(1.74)	7.68
KMB	0.76	(0.17)	0.00	(0.50)	0.00	0.00	1.03	(1.97)	5.67
EL	1.91	(0.26)	0.00	2.84	0.00	0.00	4.63	(3.64)	22.58
ELF	2.77	0.36	0.12	0.57	2.76	(3.12)	6.93	(5.03)	17.98
COTY	1.53	(0.36)	0.00	(2.34)	0.00	0.00	2.85	(2.62)	10.80
KVUE	0.93	(0.01)	0.00	(0.03)	1.19	(1.02)	2.03	(2.29)	8.74

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