Beauty Health Correlations

SKIN Stock

USD 1.39 0.10 6.71%

The current 90-days correlation between Beauty Health and Clear Secure is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Beauty Health moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Beauty Health Co moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Beauty Health Correlation With Market

Modest diversification

The correlation between Beauty Health Co and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Beauty Health Co and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Beauty Health Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving against Beauty Stock

0.43	PG	Procter Gamble	Pair Corr
0.37	PURE	Pure Bioscience	Pair Corr
0.31	RAY	Raytech Holding	Pair Corr
0.42	GV	Visionary Education	Pair Corr
0.31	YQ	17 Education Technology	Pair Corr

Related Correlations Analysis

	YOU	GXO	DOCS	FIGS	LPRO
YOU		0.37	-0.23	0.69	-0.29	YOU
GXO	0.37		0.5	-0.03	0.21	GXO
DOCS	-0.23	0.5		-0.38	0.49	DOCS
FIGS	0.69	-0.03	-0.38		-0.16	FIGS
LPRO	-0.29	0.21	0.49	-0.16		LPRO
	YOU	GXO	DOCS	FIGS	LPRO

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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

FIGS	+ 0.69	YOU
DOCS	+ 0.5	GXO
LPRO	+ 0.49	DOCS
GXO	+ 0.37	YOU
LPRO	+ 0.21	GXO

High negative correlations

FIGS	- 0.38	DOCS
LPRO	- 0.29	YOU
DOCS	- 0.23	YOU
LPRO	- 0.16	FIGS
FIGS	- 0.03	GXO

Risk-Adjusted Indicators

There is a big difference between Beauty Stock performing well and Beauty Health 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 Beauty Health'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
YOU	2.49	(0.22)	0.00	(0.02)	0.00	0.00	4.68	(3.85)	32.62
GXO	1.57	0.27	0.14	0.89	1.28	(2.03)	2.56	(2.59)	17.49
DOCS	2.15	0.39	0.14	0.43	2.31	(2.34)	4.53	(3.81)	43.10
FIGS	2.85	(0.22)	0.00	(0.23)	0.00	0.00	6.45	(4.24)	35.29
LPRO	2.32	0.01	0.02	0.11	2.96	(2.68)	5.71	(3.43)	18.76

Beauty Health Corporate Management

Paul JD	VP Counsel	Profile
Daniel Watson	Chief Officer	Profile
Amy Juaristi	Chief Officer	Profile
Sheri Lewis	Chief Officer	Profile
Ronald Menezes	Chief Officer	Profile
Kellie Sears	Chief Officer	Profile
Carrie Caulkins	Chief Officer	Profile

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