Edgewell Personal Correlations
| EPC Stock | USD 38.23 0.52 1.38% |
The correlation of Edgewell Personal 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Edgewell Personal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edgewell Personal Care moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Very weak diversification
The correlation between Edgewell Personal Care and NYA is 0.59 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Edgewell Personal Care and NYA in the same portfolio, assuming nothing else is changed.
Edgewell |
The ability to find closely correlated positions to Edgewell Personal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edgewell Personal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Edgewell Personal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Edgewell Personal Care to buy it.
Moving together with Edgewell Stock
| 0.7 | UL | Unilever PLC ADR Earnings Call Tomorrow | PairCorr |
| 0.61 | EWCZ | European Wax Center Financial Report 8th of May 2024 | PairCorr |
| 0.65 | CLX | Clorox Earnings Call This Week | PairCorr |
| 0.76 | HELE | Helen of Troy Earnings Call Today | PairCorr |
Moving against Edgewell Stock
Related Correlations Analysis
| 0.71 | 0.86 | -0.68 | 0.54 | CL | ||
| 0.71 | 0.74 | -0.35 | 0.69 | HNST | ||
| 0.86 | 0.74 | -0.68 | 0.6 | HIMS | ||
| -0.68 | -0.35 | -0.68 | -0.2 | EWCZ | ||
| 0.54 | 0.69 | 0.6 | -0.2 | SPB | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Edgewell Stock performing well and Edgewell Personal 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 Edgewell Personal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CL | 0.58 | 0.10 | 0.09 | 0.26 | 0.49 | 1.38 | 4.02 | |||
| HNST | 3.30 | 0.09 | 0.06 | 0.12 | 3.45 | 7.21 | 32.02 | |||
| HIMS | 3.14 | 0.46 | 0.21 | 0.25 | 2.47 | 7.67 | 36.38 | |||
| EWCZ | 2.45 | (0.50) | 0.00 | (0.15) | 0.00 | 3.42 | 24.02 | |||
| SPB | 1.20 | (0.04) | (0.02) | 0.05 | 1.39 | 2.39 | 10.89 |
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Our tools can tell you how much better you can do entering a position in Edgewell Personal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Edgewell Personal Corporate Directors
Edgewell Personal corporate directors refer to members of an Edgewell Personal board of directors. The board of directors generally takes responsibility for the Edgewell Personal's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Edgewell Personal's board members must vote for the resolution. The Edgewell Personal board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Daniel Heinrich | Independent Director | Profile | |
| Robert Black | Independent Director | Profile | |
| James Johnson | Independent Director | Profile | |
| Swan Sit | Independent Director | Profile |
Already Invested in Edgewell Personal Care?
The danger of trading Edgewell Personal Care is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Edgewell Personal is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Edgewell Personal. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Edgewell Personal Care is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Edgewell Personal Care offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Edgewell Personal's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Edgewell Personal Care Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Edgewell Personal Care Stock: Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Edgewell Personal Care. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in american community survey. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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When running Edgewell Personal's price analysis, check to measure Edgewell Personal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Edgewell Personal is operating at the current time. Most of Edgewell Personal's value examination focuses on studying past and present price action to predict the probability of Edgewell Personal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Edgewell Personal's price. Additionally, you may evaluate how the addition of Edgewell Personal to your portfolios can decrease your overall portfolio volatility.
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Is Edgewell Personal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Edgewell Personal. If investors know Edgewell will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Edgewell Personal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.62) | Dividend Share 0.6 | Earnings Share 2.06 | Revenue Per Share 44.691 | Quarterly Revenue Growth 0.042 |
The market value of Edgewell Personal Care is measured differently than its book value, which is the value of Edgewell that is recorded on the company's balance sheet. Investors also form their own opinion of Edgewell Personal's value that differs from its market value or its book value, called intrinsic value, which is Edgewell Personal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Edgewell Personal's market value can be influenced by many factors that don't directly affect Edgewell Personal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Edgewell Personal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Edgewell Personal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Edgewell Personal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.