Colgate Palmolive Correlations

CL Stock

USD 92.94 1.29 1.37%

The current 90-days correlation between Colgate Palmolive and Unilever PLC ADR is 0.65 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Colgate Palmolive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Colgate Palmolive moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Colgate Palmolive Correlation With Market

Good diversification

The correlation between Colgate Palmolive and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Colgate Palmolive and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Colgate Palmolive. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in bureau of economic analysis.

For more information on how to buy Colgate Stock please use our How to buy in Colgate Stock guide.

Moving together with Colgate Stock

0.73	EL	Estee Lauder Companies	Pair Corr
0.72	UG	United Guardian	Pair Corr
0.92	UL	Unilever PLC ADR	Pair Corr
0.65	VERU	Veru Inc Fiscal Year End 13th of December 2024	Pair Corr
0.62	WALD	Waldencast Acquisition	Pair Corr
0.63	DSY	Big Tree Cloud Upward Rally	Pair Corr
0.89	KMB	Kimberly Clark Fiscal Year End 22nd of January 2025	Pair Corr
0.79	NAII	Natural Alternatives	Pair Corr
0.75	OLPX	Olaplex Holdings	Pair Corr

Moving against Colgate Stock

0.79	WDFC	WD 40 Company	Pair Corr
0.77	NWL	Newell Brands Buyout Trend	Pair Corr
0.73	ODD	ODDITY Tech	Pair Corr
0.66	ENR	Energizer Holdings	Pair Corr
0.65	YSG	Yatsen Holding	Pair Corr
0.64	HLF	Herbalife Nutrition	Pair Corr
0.6	HELE	Helen of Troy	Pair Corr
0.58	ODC	Oil Dri	Pair Corr
0.38	ELF	ELF Beauty	Pair Corr
0.36	CHD	Church Dwight	Pair Corr
0.83	LFVN	Lifevantage	Pair Corr
0.77	BRBR	Bellring Brands LLC	Pair Corr
0.74	KR	Kroger Company	Pair Corr
0.68	BJ	BJs Wholesale Club	Pair Corr
0.57	IPAR	Inter Parfums	Pair Corr
0.56	NATR	Natures Sunshine Products	Pair Corr
0.55	K	Kellanova Sell-off Trend	Pair Corr
0.51	SKIN	Beauty Health	Pair Corr
0.5	HNST	Honest Company	Pair Corr
0.43	USNA	USANA Health Sciences	Pair Corr
0.42	MTEX	Mannatech Incorporated	Pair Corr

Related Correlations Analysis

	CLX	CL	UL	CHD	KMB	EL	ELF	COTY	KVUE
CLX		-0.25	-0.47	0.91	-0.17	-0.6	0.74	-0.35	0.72	CLX
CL	-0.25		0.92	-0.36	0.89	0.73	-0.38	0.82	-0.3	CL
UL	-0.47	0.92		-0.6	0.77	0.8	-0.55	0.86	-0.46	UL
CHD	0.91	-0.36	-0.6		-0.21	-0.63	0.77	-0.55	0.77	CHD
KMB	-0.17	0.89	0.77	-0.21		0.72	-0.3	0.68	-0.39	KMB
EL	-0.6	0.73	0.8	-0.63	0.72		-0.49	0.78	-0.64	EL
ELF	0.74	-0.38	-0.55	0.77	-0.3	-0.49		-0.42	0.64	ELF
COTY	-0.35	0.82	0.86	-0.55	0.68	0.78	-0.42		-0.44	COTY
KVUE	0.72	-0.3	-0.46	0.77	-0.39	-0.64	0.64	-0.44		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

UL	+ 0.92	CL
CHD	+ 0.91	CLX
KMB	+ 0.89	CL
COTY	+ 0.86	UL
COTY	+ 0.82	CL
EL	+ 0.8	UL

High negative correlations

KVUE	- 0.64	EL
EL	- 0.63	CHD
CHD	- 0.6	UL
EL	- 0.6	CLX
COTY	- 0.55	CHD
ELF	- 0.55	UL

Risk-Adjusted Indicators

There is a big difference between Colgate Stock performing well and Colgate Palmolive 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 Colgate Palmolive'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	0.68	0.01	(0.13)	0.28	0.80	(0.74)	1.42	(1.63)	4.64
CL	0.85	(0.20)	0.00	1.47	0.00	0.00	1.30	(2.05)	6.33
UL	0.67	(0.14)	0.00	3.56	0.00	0.00	1.08	(1.31)	6.60
CHD	0.86	(0.03)	(0.12)	0.03	1.04	(0.94)	1.53	(1.79)	6.62
KMB	0.72	(0.15)	0.00	(2.15)	0.00	0.00	1.03	(1.97)	5.67
EL	2.07	(0.13)	0.00	(0.06)	0.00	0.00	4.80	(3.43)	30.90
ELF	2.64	0.18	0.04	0.44	2.95	(2.83)	6.38	(4.76)	17.98
COTY	1.66	(0.30)	0.00	(0.30)	0.00	0.00	3.48	(2.62)	15.90
KVUE	0.91	0.05	(0.11)	(0.03)	1.12	(1.02)	2.03	(1.53)	8.74

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