Ulta Beauty Correlations

ULTA Stock

USD 338.78 4.48 1.31%

The current 90-days correlation between Ulta Beauty and Williams Sonoma is 0.12 (i.e., Average diversification). The correlation of Ulta Beauty 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.

Ulta Beauty Correlation With Market

Modest diversification

The correlation between Ulta Beauty and DJI is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ulta Beauty 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 Ulta Beauty. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

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

Moving together with Ulta Stock

0.64	ASO	Academy Sports Outdoors Earnings Call This Week	Pair Corr
0.74	HZO	MarineMax	Pair Corr
0.7	OLLI	Ollies Bargain Outlet	Pair Corr

Moving against Ulta Stock

0.51

EEIQ

Elite Education Group

Pair Corr

Related Correlations Analysis

	WSM	DKS	BBY	AZO	RH	ORLY
WSM		-0.01	0.41	-0.25	0.54	-0.16	WSM
DKS	-0.01		0.01	0.39	-0.47	-0.55	DKS
BBY	0.41	0.01		-0.12	0.14	-0.28	BBY
AZO	-0.25	0.39	-0.12		-0.27	0.29	AZO
RH	0.54	-0.47	0.14	-0.27		0.5	RH
ORLY	-0.16	-0.55	-0.28	0.29	0.5		ORLY
	WSM	DKS	BBY	AZO	RH	ORLY

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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

RH	+ 0.54	WSM
ORLY	+ 0.5	RH
BBY	+ 0.41	WSM
AZO	+ 0.39	DKS
ORLY	+ 0.29	AZO
RH	+ 0.14	BBY

High negative correlations

ORLY	- 0.55	DKS
RH	- 0.47	DKS
ORLY	- 0.28	BBY
RH	- 0.27	AZO
AZO	- 0.25	WSM
ORLY	- 0.16	WSM

Risk-Adjusted Indicators

There is a big difference between Ulta Stock performing well and Ulta Beauty 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 Ulta Beauty'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
WSM	2.24	0.40	0.13	0.90	2.35	(2.58)	4.52	(3.30)	13.79
DKS	1.39	(0.26)	0.00	(0.36)	0.00	0.00	2.49	(3.16)	9.72
BBY	1.30	0.04	(0.01)	0.25	1.59	(1.29)	2.26	(2.43)	18.06
AZO	1.06	(0.12)	0.00	(0.12)	0.00	0.00	2.14	(1.68)	6.36
RH	2.24	0.36	0.18	0.44	1.77	(2.90)	4.89	(3.29)	29.32
ORLY	0.82	0.01	(0.01)	0.10	0.92	(0.82)	1.38	(1.55)	7.77

Ulta Beauty Corporate Management

Anita Ryan	Chief Officer	Profile
Michelle Crossan	Chief Officer	Profile
Mani Suri	Chief Officer	Profile
Eileen Ziesemer	Vice Relations	Profile
Prama Bhatt	Chief Officer	Profile
Monica Arnaudo	Chief Officer	Profile

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