USANA Health Correlations

USNA Stock

USD 34.86 0.14 0.40%

The current 90-days correlation between USANA Health Sciences and J J Snack is 0.36 (i.e., Weak diversification). The correlation of USANA Health 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.

USANA Health Correlation With Market

Modest diversification

The correlation between USANA Health Sciences and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding USANA Health Sciences 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 USANA Health Sciences. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

Moving together with USANA Stock

0.91	WDFC	WD 40 Company	Pair Corr
0.81	ACU	Acme United	Pair Corr
0.64	CLX	Clorox	Pair Corr
0.7	EPC	Edgewell Personal Care Earnings Call This Week	Pair Corr
0.67	KMB	Kimberly Clark	Pair Corr
0.75	RAY	Raytech Holding	Pair Corr
0.78	SPB	Spectrum Brands Holdings Earnings Call This Week	Pair Corr
0.88	KVUE	Kenvue Inc Earnings Call This Week	Pair Corr
0.79	SHOT	Safety Shot	Pair Corr
0.81	BG	Bunge Limited Earnings Call This Week	Pair Corr
0.78	JZ	Jianzhi Education	Pair Corr

Moving against USANA Stock

0.78	ODC	Oil Dri	Pair Corr
0.73	MTEX	Mannatech Incorporated	Pair Corr
0.53	EL	Estee Lauder Companies Earnings Call This Week	Pair Corr
0.45	NWL	Newell Brands Earnings Call This Week	Pair Corr
0.33	IPAR	Inter Parfums	Pair Corr
0.87	VITL	Vital Farms	Pair Corr
0.84	EAST	Eastside Distilling Symbol Change	Pair Corr
0.7	K	Kellanova Earnings Call This Week	Pair Corr
0.65	DLTR	Dollar Tree	Pair Corr
0.36	DTCK	Davis Commodities	Pair Corr
0.32	BJ	BJs Wholesale Club	Pair Corr

Related Correlations Analysis

	JJSF	LANC	SENEB	SENEA	BRID	BRBR	POST	SMPL	THS	CENTA
JJSF		0.84	-0.44	-0.36	-0.66	-0.16	0.59	0.22	0.25	0.33	JJSF
LANC	0.84		-0.27	-0.21	-0.43	0.02	0.5	0.3	0.23	0.4	LANC
SENEB	-0.44	-0.27		0.25	0.46	0.1	-0.1	-0.12	0.13	-0.05	SENEB
SENEA	-0.36	-0.21	0.25		0.85	0.78	0.34	0.64	-0.55	0.65	SENEA
BRID	-0.66	-0.43	0.46	0.85		0.53	0.03	0.29	-0.37	0.34	BRID
BRBR	-0.16	0.02	0.1	0.78	0.53		0.49	0.85	-0.6	0.74	BRBR
POST	0.59	0.5	-0.1	0.34	0.03	0.49		0.68	-0.12	0.76	POST
SMPL	0.22	0.3	-0.12	0.64	0.29	0.85	0.68		-0.42	0.84	SMPL
THS	0.25	0.23	0.13	-0.55	-0.37	-0.6	-0.12	-0.42		-0.43	THS
CENTA	0.33	0.4	-0.05	0.65	0.34	0.74	0.76	0.84	-0.43		CENTA
	JJSF	LANC	SENEB	SENEA	BRID	BRBR	POST	SMPL	THS	CENTA

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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

BRID	+ 0.85	SENEA
SMPL	+ 0.85	BRBR
LANC	+ 0.84	JJSF
CENTA	+ 0.84	SMPL
BRBR	+ 0.78	SENEA
CENTA	+ 0.76	POST

High negative correlations

BRID	- 0.66	JJSF
THS	- 0.6	BRBR
THS	- 0.55	SENEA
SENEB	- 0.44	JJSF
CENTA	- 0.43	THS
BRID	- 0.43	LANC

Risk-Adjusted Indicators

There is a big difference between USANA Stock performing well and USANA 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 USANA 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
JJSF	1.11	(0.31)	0.00	(0.65)	0.00	0.00	2.23	(2.56)	9.60
LANC	1.46	(0.10)	0.00	(0.09)	0.00	0.00	3.28	(2.41)	8.36
SENEB	1.41	0.32	0.07	(0.41)	1.45	(2.47)	4.02	(2.64)	17.89
SENEA	1.48	0.20	0.07	0.72	1.64	(1.66)	3.12	(2.43)	13.63
BRID	1.51	0.26	0.10	3.18	1.52	(1.82)	4.07	(2.70)	10.57
BRBR	1.18	0.26	0.15	0.63	1.10	(1.25)	2.80	(2.07)	6.20
POST	0.93	(0.11)	0.00	(0.13)	0.00	0.00	2.07	(1.85)	6.08
SMPL	1.31	0.18	0.07	0.55	1.60	(1.49)	3.11	(3.03)	9.70
THS	1.65	(0.19)	0.00	(0.17)	0.00	0.00	3.00	(3.55)	17.32
CENTA	1.42	0.13	0.02	24.42	1.59	(1.56)	3.15	(2.45)	10.79

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