Fortune Brands Correlations
| 2FB Stock | EUR 72.00 1.50 2.13% |
The current 90-days correlation between Fortune Brands Home and Whirlpool is -0.02 (i.e., Good diversification). The correlation of Fortune Brands 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.
Fortune Brands Correlation With Market
Significant diversification
The correlation between Fortune Brands Home and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fortune Brands Home and DJI in the same portfolio, assuming nothing else is changed.
Fortune |
The ability to find closely correlated positions to Fortune Brands could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fortune Brands 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 Fortune Brands - 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 Fortune Brands Home to buy it.
Moving together with Fortune Stock
| 0.88 | 10J | Howden Joinery Group | PairCorr |
| 0.84 | LP1 | Leggett Platt | PairCorr |
| 0.66 | SSU | Samsung Electronics | PairCorr |
| 0.83 | PKX | POSCO Holdings Earnings Call This Week | PairCorr |
| 0.78 | LGLG | LG Electronics | PairCorr |
Moving against Fortune Stock
| 0.76 | TPD | Tempur Sealy Interna | PairCorr |
| 0.76 | TOMA | Toyota Motor | PairCorr |
| 0.69 | WHR | Whirlpool | PairCorr |
| 0.68 | LAZ | La Z Boy | PairCorr |
| 0.65 | C6TB | CHINA BANK ADR20 | PairCorr |
| 0.64 | ICK | Industrial and Commercial | PairCorr |
| 0.62 | 5EE | MEBUKI FINANCIAL | PairCorr |
| 0.48 | 4FK | Fukuoka Financial | PairCorr |
| 0.39 | AAM | Man Wah Holdings | PairCorr |
| 0.84 | H4L1 | JSC Halyk bank | PairCorr |
| 0.82 | NU42 | Ribbon Communications | PairCorr |
| 0.81 | AW8 | Air Transport Services | PairCorr |
| 0.8 | SI3 | SEI INVESTMENTS | PairCorr |
| 0.74 | AII | Albany International Corp | PairCorr |
| 0.74 | UOF | Urban Outfitters | PairCorr |
| 0.72 | 0VF | Virtu Financial Earnings Call This Week | PairCorr |
| 0.71 | ICKB | INDCOMMBK CHINA ADR20 | PairCorr |
| 0.71 | CAI | CDN IMPERIAL BANK | PairCorr |
| 0.68 | ESY | Easy Software AG | PairCorr |
| 0.61 | AIR | Airbus SE | PairCorr |
| 0.45 | BRYN | Berkshire Hathaway | PairCorr |
| 0.44 | 1XV | Axway Software SA | PairCorr |
| 0.43 | ALS | Allstate Corp | PairCorr |
| 0.4 | 22UA | BioNTech SE | PairCorr |
| 0.36 | 8N4 | FIRST SAVINGS FINL | PairCorr |
| 0.84 | HKT | HK Electric Investments | PairCorr |
| 0.81 | 7SU | Summit Materials | PairCorr |
| 0.78 | ZSL | SLR Investment Corp | PairCorr |
| 0.75 | H0O | REVO INSURANCE SPA | 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
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Risk-Adjusted Indicators
There is a big difference between Fortune Stock performing well and Fortune Brands 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 Fortune Brands' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2FB | 1.26 | (0.16) | 0.00 | (14.41) | 0.00 | 2.29 | 10.49 | |||
| WHR | 1.73 | 0.48 | 0.25 | 3.33 | 1.46 | 4.72 | 12.29 | |||
| TPD | 1.43 | 0.34 | 0.17 | (0.85) | 1.24 | 3.85 | 13.75 | |||
| 10J | 1.17 | (0.19) | 0.00 | 2.19 | 0.00 | 2.64 | 7.71 | |||
| LP1 | 2.20 | (0.14) | 0.00 | (0.79) | 0.00 | 4.57 | 16.97 | |||
| GKE | 2.43 | 0.03 | 0.00 | (0.03) | 2.93 | 4.56 | 13.04 | |||
| LAZ | 1.17 | 0.31 | 0.18 | 2.58 | 1.09 | 2.94 | 7.28 | |||
| AHQ | 1.61 | (0.07) | 0.00 | (0.44) | 0.00 | 3.91 | 13.27 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Fortune Brands 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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Fortune Brands Corporate Management
Elected by the shareholders, the Fortune Brands' board of directors comprises two types of representatives: Fortune Brands inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortune. The board's role is to monitor Fortune Brands' management team and ensure that shareholders' interests are well served. Fortune Brands' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortune Brands' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hiranda Donoghue | Gen VP | Profile | |
| Patrick Hallinan | VP CFO | Profile | |
| Nicholas Fink | CEO Director | Profile | |
| Cheri Phyfer | Group Pres | Profile | |
| David Barry | Sr Relations | Profile | |
| David Banyard | Pres Segment | Profile | |
| Brett Finley | Advisor | Profile |