Brunswick Correlations

BC Stock

USD 85.80 3.65 4.44%

The current 90-days correlation between Brunswick and Polaris Industries is 0.73 (i.e., Poor diversification). The correlation of Brunswick 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.

Brunswick Correlation With Market

Almost no diversification

The correlation between Brunswick and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brunswick and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Brunswick Stock

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

For information on how to trade Brunswick Stock refer to our How to Trade Brunswick Stock guide.

Moving together with Brunswick Stock

0.63	2H4	Hollywood Bowl Group	Pair Corr
0.95	AOUT	American Outdoor Brands	Pair Corr
0.61	PTAIY	Astra International Tbk	Pair Corr
0.85	PHJMF	PT Hanjaya Mandala	Pair Corr
0.68	EC	Ecopetrol SA ADR	Pair Corr
0.69	PGEZF	Group Ten Metals	Pair Corr
0.82	WFG	West Fraser Timber	Pair Corr
0.85	BWA	BorgWarner Earnings Call This Week	Pair Corr
0.84	ASML	ASML Holding NV	Pair Corr
0.74	BASFY	BASF SE ADR	Pair Corr
0.8	LOVFF	Cannara Biotech	Pair Corr
0.63	TLSNF	Telia Company	Pair Corr
0.84	AAUKF	Anglo American plc	Pair Corr
0.8	TNSGF	Findev Inc	Pair Corr
0.79	CDLR	Cadeler AS	Pair Corr
0.85	WONDF	WonderFi Technologies	Pair Corr
0.75	FIX	Comfort Systems USA	Pair Corr
0.89	CDEVY	City Developments	Pair Corr

Moving against Brunswick Stock

0.65	PIFMY	Indofood Sukses Makmur	Pair Corr
0.63	PTAIF	PT Astra International	Pair Corr
0.32	3PL	Planet Fitness	Pair Corr
0.74	ENSV	Enservco	Pair Corr
0.57	50077LAD8	KRAFT HEINZ FOODS	Pair Corr

Related Correlations Analysis

	PII	DOOO	CZR	WHR	BBBY	DORM	KBH	HOG	ABG	CHH
PII		0.19	0.71	0.68	0.29	-0.27	0.2	-0.39	0.86	0.52	PII
DOOO	0.19		0.04	0.42	0.09	-0.24	0.07	-0.27	0.33	0.12	DOOO
CZR	0.71	0.04		0.59	-0.28	-0.54	0.07	-0.63	0.71	0.23	CZR
WHR	0.68	0.42	0.59		0.16	-0.46	0.2	-0.56	0.76	0.53	WHR
BBBY	0.29	0.09	-0.28	0.16		0.41	0.31	0.44	0.25	0.33	BBBY
DORM	-0.27	-0.24	-0.54	-0.46	0.41		0.43	0.88	-0.42	-0.25	DORM
KBH	0.2	0.07	0.07	0.2	0.31	0.43		0.44	0.13	-0.35	KBH
HOG	-0.39	-0.27	-0.63	-0.56	0.44	0.88	0.44		-0.51	-0.47	HOG
ABG	0.86	0.33	0.71	0.76	0.25	-0.42	0.13	-0.51		0.5	ABG
CHH	0.52	0.12	0.23	0.53	0.33	-0.25	-0.35	-0.47	0.5		CHH
	PII	DOOO	CZR	WHR	BBBY	DORM	KBH	HOG	ABG	CHH

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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

HOG	+ 0.88	DORM
ABG	+ 0.86	PII
ABG	+ 0.76	WHR
CZR	+ 0.71	PII
ABG	+ 0.71	CZR
WHR	+ 0.68	PII

High negative correlations

HOG	- 0.63	CZR
HOG	- 0.56	WHR
DORM	- 0.54	CZR
ABG	- 0.51	HOG
CHH	- 0.47	HOG
DORM	- 0.46	WHR

Risk-Adjusted Indicators

There is a big difference between Brunswick Stock performing well and Brunswick 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 Brunswick'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
PII	1.60	(0.12)	0.00	(0.02)	0.00	0.00	4.36	(2.60)	10.57
DOOO	1.63	0.26	0.13	(2.99)	1.47	(2.05)	4.39	(2.13)	8.88
CZR	2.26	(0.13)	0.00	(0.04)	0.00	0.00	5.36	(3.94)	15.21
WHR	2.01	0.03	0.02	0.07	2.41	(2.10)	4.70	(4.39)	11.82
BBBY	3.09	(0.54)	0.00	(0.14)	0.00	0.00	5.75	(6.04)	19.64
DORM	1.19	(0.19)	0.00	(0.11)	0.00	0.00	3.17	(2.08)	6.48
KBH	1.46	(0.20)	0.00	(0.10)	0.00	0.00	4.30	(2.48)	15.09
HOG	1.38	(0.55)	0.00	(0.38)	0.00	0.00	2.41	(3.31)	8.88
ABG	1.42	(0.06)	(0.02)	0.01	1.74	(1.58)	3.65	(2.74)	10.40
CHH	1.83	0.06	0.04	0.08	1.88	(2.22)	4.35	(3.41)	10.14

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