Brunswick Correlations

BC Stock

USD 82.37 1.24 1.53%

The current 90-days correlation between Brunswick and Winnebago Industries is 0.68 (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

Poor diversification

The correlation between Brunswick and DJI is 0.67 (i.e., Poor 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.

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 main economic indicators.

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

Moving together with Brunswick Stock

0.64	VEEE	Twin Vee Powercats	Pair Corr
0.64	BZH	Beazer Homes USA	Pair Corr
0.63	IBP	Installed Building	Pair Corr

Moving against Brunswick Stock

0.49	VMAR	Vision Marine Techno Fiscal Year End 25th of November 2024	Pair Corr
0.4	WLDS	Wearable Devices Buyout Trend	Pair Corr
0.38	FEBO	Fenbo Holdings	Pair Corr
0.35	EZGO	EZGO Technologies	Pair Corr

Related Correlations Analysis

	MCFT	WGO	LCII	THO	EZGO	PII
MCFT		0.71	0.1	0.43	-0.51	-0.43	MCFT
WGO	0.71		0.47	0.69	-0.32	-0.04	WGO
LCII	0.1	0.47		0.57	0.03	0.52	LCII
THO	0.43	0.69	0.57		-0.5	-0.18	THO
EZGO	-0.51	-0.32	0.03	-0.5		0.7	EZGO
PII	-0.43	-0.04	0.52	-0.18	0.7		PII
	MCFT	WGO	LCII	THO	EZGO	PII

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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

WGO	+ 0.71	MCFT
PII	+ 0.7	EZGO
THO	+ 0.69	WGO
THO	+ 0.57	LCII
PII	+ 0.52	LCII
LCII	+ 0.47	WGO

High negative correlations

EZGO	- 0.51	MCFT
EZGO	- 0.5	THO
PII	- 0.43	MCFT
EZGO	- 0.32	WGO
PII	- 0.18	THO
PII	- 0.04	WGO

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
MCFT	1.90	(0.18)	0.04	0.06	2.06	(2.22)	4.13	(3.53)	28.49
WGO	1.80	(0.19)	(0.02)	0.03	2.52	(1.93)	3.89	(3.71)	15.47
LCII	1.67	(0.12)	0.00	0.06	2.09	(1.70)	3.85	(3.74)	9.65
THO	1.66	(0.04)	0.01	0.09	1.89	(1.86)	4.29	(2.77)	10.61
EZGO	4.23	(0.25)	0.00	(0.35)	0.00	0.00	11.11	(7.27)	31.19
PII	1.52	(0.43)	0.00	(0.21)	0.00	0.00	2.85	(3.06)	14.62

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