Herbalife Nutrition Correlations
| HLF Stock | USD 8.30 0.20 2.47% |
The correlation of Herbalife Nutrition 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 Herbalife Nutrition moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Herbalife Nutrition 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.
Average diversification
The correlation between Herbalife Nutrition and NYA is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Herbalife Nutrition and NYA in the same portfolio, assuming nothing else is changed.
Herbalife |
The ability to find closely correlated positions to Herbalife Nutrition could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Herbalife Nutrition 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 Herbalife Nutrition - 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 Herbalife Nutrition to buy it.
Moving together with Herbalife Stock
| 0.65 | EWCZ | European Wax Center Financial Report 8th of May 2024 | PairCorr |
| 0.9 | MED | MEDIFAST INC Financial Report 6th of May 2024 | PairCorr |
| 0.96 | NUS | Nu Skin Enterprises Financial Report 1st of May 2024 | PairCorr |
| 0.7 | NWL | Newell Brands Sell-off Trend | PairCorr |
Moving against Herbalife Stock
| 0.78 | CL | Colgate Palmolive Report 26th of April 2024 | PairCorr |
| 0.74 | LFVN | Lifevantage | PairCorr |
| 0.72 | EL | Estee Lauder Companies Financial Report 1st of May 2024 | PairCorr |
| 0.66 | CENTA | Central Garden Pet Financial Report 1st of May 2024 | PairCorr |
| 0.64 | PG | Procter Gamble Earnings Call This Week | PairCorr |
| 0.64 | ODC | Oil Dri | PairCorr |
| 0.63 | CHD | Church Dwight Financial Report 25th of April 2024 | PairCorr |
| 0.62 | ELF | ELF Beauty Financial Report 22nd of May 2024 | PairCorr |
| 0.59 | HNST | Honest Company Financial Report 14th of May 2024 | PairCorr |
| 0.51 | NATR | Natures Sunshine Products | PairCorr |
| 0.47 | SPB | Spectrum Brands Holdings Financial Report 10th of May 2024 | PairCorr |
| 0.41 | KMB | Kimberly Clark Earnings Call Next Week | PairCorr |
Related Correlations Analysis
| 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
|
Risk-Adjusted Indicators
There is a big difference between Herbalife Stock performing well and Herbalife Nutrition 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 Herbalife Nutrition'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SENEB | 1.41 | 0.21 | 0.03 | (1.73) | 1.85 | 4.08 | 15.16 | |||
| CENTA | 1.33 | (0.10) | (0.03) | 0.01 | 1.72 | 3.18 | 10.17 | |||
| CENT | 1.40 | (0.04) | 0.00 | 0.04 | 1.67 | 3.20 | 10.31 | |||
| LWAY | 3.85 | 0.70 | 0.19 | 0.90 | 3.41 | 10.47 | 35.62 | |||
| SENEA | 1.61 | 0.04 | 0.01 | 0.12 | 2.04 | 3.18 | 9.69 | |||
| JJSF | 1.05 | (0.29) | 0.00 | (0.59) | 0.00 | 1.42 | 8.79 | |||
| ARZTY | 0.94 | (0.02) | 0.00 | 0.16 | 0.00 | 3.41 | 10.62 | |||
| JVA | 2.58 | 0.52 | 0.13 | 0.65 | 3.01 | 5.88 | 14.89 | |||
| BRID | 1.01 | (0.04) | 0.00 | 1.03 | 0.00 | 2.64 | 7.48 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Herbalife Nutrition 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?
Run Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
| All Next | Launch Module |
Herbalife Nutrition Corporate Directors
Herbalife Nutrition corporate directors refer to members of a Herbalife Nutrition board of directors. The board of directors generally takes responsibility for the Herbalife Nutrition'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 Herbalife Nutrition's board members must vote for the resolution. The Herbalife Nutrition board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Keith Cozza | Director | Profile | |
| Pedro Cardoso | Director | Profile | |
| Kevin Jones | Independent Director | Profile | |
| Maria Otero | Independent Director | Profile |
Already Invested in Herbalife Nutrition?
The danger of trading Herbalife Nutrition 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 Herbalife Nutrition 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 Herbalife Nutrition. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Herbalife Nutrition 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 Herbalife Nutrition is a strong investment it is important to analyze Herbalife Nutrition's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Herbalife Nutrition's future performance. For an informed investment choice regarding Herbalife Stock, refer to the following important reports: Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Herbalife Nutrition. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis. For more detail on how to invest in Herbalife Stock please use our How to Invest in Herbalife Nutrition guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Herbalife Stock analysis
When running Herbalife Nutrition's price analysis, check to measure Herbalife Nutrition'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 Herbalife Nutrition is operating at the current time. Most of Herbalife Nutrition's value examination focuses on studying past and present price action to predict the probability of Herbalife Nutrition's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Herbalife Nutrition's price. Additionally, you may evaluate how the addition of Herbalife Nutrition to your portfolios can decrease your overall portfolio volatility.
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Fundamentals Comparison Compare fundamentals across multiple equities to find investing opportunities |
Is Herbalife Nutrition'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 Herbalife Nutrition. If investors know Herbalife 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 Herbalife Nutrition 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 (0.81) | Earnings Share 1.42 | Revenue Per Share 51.135 | Quarterly Revenue Growth 0.029 | Return On Assets 0.0926 |
The market value of Herbalife Nutrition is measured differently than its book value, which is the value of Herbalife that is recorded on the company's balance sheet. Investors also form their own opinion of Herbalife Nutrition's value that differs from its market value or its book value, called intrinsic value, which is Herbalife Nutrition'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 Herbalife Nutrition's market value can be influenced by many factors that don't directly affect Herbalife Nutrition'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 Herbalife Nutrition's value and its price as these two are different measures arrived at by different means. Investors typically determine if Herbalife Nutrition is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Herbalife Nutrition'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.