Brunswick Correlations

BC Stock

USD 74.24 0.79 1.05%

The current 90-days correlation between Brunswick and Polaris Industries is 0.67 (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

Very weak diversification

The correlation between Brunswick and DJI is 0.54 (i.e., Very weak 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 services.

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

Moving together with Brunswick Stock

0.79	HAS	Hasbro Inc	Pair Corr
0.66	MAT	Mattel Inc	Pair Corr
0.66	MPX	Marine Products	Pair Corr
0.8	002348	Goldlok Toys Holdings	Pair Corr
0.72	PII	Polaris Industries	Pair Corr
0.69	GOLF	Acushnet Holdings Corp	Pair Corr
0.84	YETI	YETI Holdings	Pair Corr
0.63	JOUT	Johnson Outdoors	Pair Corr

Moving against Brunswick Stock

0.82	VMAR	Vision Marine Techno	Pair Corr
0.72	CYQ	CYCLIQ Group	Pair Corr
0.57	600818	Zhonglu Co	Pair Corr
0.5	300651	Jiangsu Jinling Sports	Pair Corr
0.41	TND	Tandem Group	Pair Corr
0.39	300994	Joy Kie	Pair Corr
0.44	300043	Rastar Group	Pair Corr
0.37	RGR	Sturm Ruger	Pair Corr
0.32	900915	Zhonglu Co	Pair Corr
0.79	CCT	Character Group	Pair Corr
0.44	603579	Shanghai Rongtai Health	Pair Corr
0.37	KBSX	FST Corp Ordinary	Pair Corr
0.33	603398	Guangdong Banbao Toy	Pair Corr

Related Correlations Analysis

	PII	DOOO	CZR	WHR	BBBY	DORM	KBH	HOG	ABG	CHH
PII		0.03	-0.05	0.17	-0.33	-0.32	0.24	-0.41	0.22	-0.38	PII
DOOO	0.03		0.05	-0.25	-0.25	-0.28	-0.49	-0.36	-0.24	0.03	DOOO
CZR	-0.05	0.05		0.71	0.37	0.32	0.3	-0.01	0.66	0.39	CZR
WHR	0.17	-0.25	0.71		0.22	0.14	0.66	-0.02	0.57	-0.03	WHR
BBBY	-0.33	-0.25	0.37	0.22		0.82	0.25	0.81	0.57	0.75	BBBY
DORM	-0.32	-0.28	0.32	0.14	0.82		0.3	0.84	0.46	0.77	DORM
KBH	0.24	-0.49	0.3	0.66	0.25	0.3		0.29	0.35	-0.02	KBH
HOG	-0.41	-0.36	-0.01	-0.02	0.81	0.84	0.29		0.25	0.62	HOG
ABG	0.22	-0.24	0.66	0.57	0.57	0.46	0.35	0.25		0.45	ABG
CHH	-0.38	0.03	0.39	-0.03	0.75	0.77	-0.02	0.62	0.45		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	+ 0.84	DORM
DORM	+ 0.82	BBBY
HOG	+ 0.81	BBBY
CHH	+ 0.77	DORM
CHH	+ 0.75	BBBY
WHR	+ 0.71	CZR

High negative correlations

KBH	- 0.49	DOOO
HOG	- 0.41	PII
CHH	- 0.38	PII
HOG	- 0.36	DOOO
BBBY	- 0.33	PII
DORM	- 0.32	PII

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	2.07	0.04	0.05	0.08	2.58	(2.26)	6.12	(3.77)	19.51
DOOO	1.63	0.26	0.12	(29.70)	1.47	(2.05)	4.39	(2.13)	8.88
CZR	2.41	(0.26)	0.00	(0.11)	0.00	0.00	4.23	(4.96)	18.87
WHR	1.78	(0.15)	0.00	(0.05)	0.00	0.00	4.70	(3.90)	11.79
BBBY	3.31	(0.91)	0.00	(0.22)	0.00	0.00	6.07	(8.92)	31.23
DORM	1.48	(0.36)	0.00	(0.35)	0.00	0.00	3.69	(3.12)	13.70
KBH	1.39	(0.22)	0.00	(0.11)	0.00	0.00	4.30	(2.68)	15.09
HOG	1.49	(0.46)	0.00	(0.93)	0.00	0.00	2.51	(3.63)	9.20
ABG	1.42	(0.09)	(0.04)	(0.01)	1.74	(1.51)	2.87	(3.10)	8.25
CHH	1.54	(0.23)	0.00	(0.20)	0.00	0.00	3.24	(3.12)	10.12

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