Brunello Cucinelli Correlations

BCUCY Stock

USD 65.31 0.74 1.15%

The current 90-days correlation between Brunello Cucinelli SpA and Burberry Group plc is 0.06 (i.e., Significant diversification). The correlation of Brunello Cucinelli 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Brunello Cucinelli Correlation With Market

Average diversification

The correlation between Brunello Cucinelli SpA and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Brunello Cucinelli SpA and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Brunello Cucinelli could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Brunello Cucinelli 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 Brunello Cucinelli - 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 Brunello Cucinelli SpA to buy it.

Moving together with Brunello Pink Sheet

0.89	LVMHF	LVMH Mot Hennessy	Pair Corr
0.96	HESAY	Hermes International	Pair Corr
0.96	HESAF	Hermes International SCA	Pair Corr
0.85	CHDRY	Christian Dior SE	Pair Corr
0.89	CHDRF	Christian Dior SE	Pair Corr
0.93	CFRUY	Compagnie Financiere	Pair Corr
0.94	CFRHF	Compagnie Financière	Pair Corr
0.61	EC	Ecopetrol SA ADR	Pair Corr
0.75	RGTI	Rigetti Computing Buyout Trend	Pair Corr
0.78	RUM	Rumble Inc	Pair Corr
0.71	62878U2A9	NBNAUS 145 05	Pair Corr
0.66	ISRG	Intuitive Surgical	Pair Corr
0.61	CHKP	Check Point Software Earnings Call This Week	Pair Corr

Moving against Brunello Pink Sheet

0.82	PTITF	PT Indosat Tbk Earnings Call This Week	Pair Corr
0.82	PIFMF	PT Indofood Sukses	Pair Corr
0.76	PTAIF	PT Astra International	Pair Corr
0.5	PTAIY	Astra International Tbk	Pair Corr
0.49	TLKMF	Telkom Indonesia Tbk	Pair Corr
0.31	SWGAY	Swatch Group AG	Pair Corr
0.65	906548CR1	US906548CR12	Pair Corr
0.49	RELIW	Reliance Global Group	Pair Corr
0.41	HDGHF	Haydale Graphene Ind	Pair Corr

Related Correlations Analysis

	HESAY	PPRUY	PPRUF	PRDSF	CFRUY	SWGAY	PRDSY	BBRYF	BURBY	CFRHF
HESAY		0.7	0.62	0.67	0.98	-0.2	0.71	0.77	0.81	0.98	HESAY
PPRUY	0.7		0.81	0.34	0.71	0.44	0.53	0.43	0.49	0.7	PPRUY
PPRUF	0.62	0.81		0.41	0.62	0.39	0.44	0.34	0.34	0.61	PPRUF
PRDSF	0.67	0.34	0.41		0.59	-0.32	0.78	0.59	0.59	0.62	PRDSF
CFRUY	0.98	0.71	0.62	0.59		-0.14	0.62	0.75	0.78	0.99	CFRUY
SWGAY	-0.2	0.44	0.39	-0.32	-0.14		-0.28	-0.52	-0.46	-0.16	SWGAY
PRDSY	0.71	0.53	0.44	0.78	0.62	-0.28		0.68	0.69	0.64	PRDSY
BBRYF	0.77	0.43	0.34	0.59	0.75	-0.52	0.68		0.96	0.75	BBRYF
BURBY	0.81	0.49	0.34	0.59	0.78	-0.46	0.69	0.96		0.78	BURBY
CFRHF	0.98	0.7	0.61	0.62	0.99	-0.16	0.64	0.75	0.78		CFRHF
	HESAY	PPRUY	PPRUF	PRDSF	CFRUY	SWGAY	PRDSY	BBRYF	BURBY	CFRHF

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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

CFRHF	+ 0.99	CFRUY
CFRUY	+ 0.98	HESAY
CFRHF	+ 0.98	HESAY
BURBY	+ 0.96	BBRYF
BURBY	+ 0.81	HESAY
PPRUF	+ 0.81	PPRUY

High negative correlations

BBRYF	- 0.52	SWGAY
BURBY	- 0.46	SWGAY
SWGAY	- 0.32	PRDSF
PRDSY	- 0.28	SWGAY
SWGAY	- 0.2	HESAY
CFRHF	- 0.16	SWGAY

Risk-Adjusted Indicators

There is a big difference between Brunello Pink Sheet performing well and Brunello Cucinelli 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 Brunello Cucinelli'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
HESAY	1.20	0.33	0.15	7.76	1.30	(1.33)	4.26	(2.21)	9.40
PPRUY	1.95	0.10	0.00	(2.99)	2.62	(2.06)	5.34	(3.79)	13.97
PPRUF	2.43	0.09	0.01	0.34	2.94	(2.42)	5.61	(5.02)	12.02
PRDSF	1.81	0.14	0.01	(0.56)	2.31	(4.74)	6.20	(5.22)	21.85
CFRUY	1.40	0.47	0.19	(1.06)	1.30	(1.67)	2.94	(2.15)	18.09
SWGAY	1.35	(0.16)	0.00	0.68	0.00	0.00	2.86	(3.37)	9.69
PRDSY	1.85	0.25	0.07	(1.67)	1.96	(2.22)	3.84	(3.42)	10.33
BBRYF	2.69	0.78	0.13	(1.95)	2.93	(4.41)	7.17	(5.72)	22.20
BURBY	2.56	0.74	0.21	(1.75)	2.37	(2.97)	5.78	(4.89)	22.82
CFRHF	2.13	0.54	0.14	(0.61)	2.04	(2.57)	5.49	(4.59)	18.83

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Our tools can tell you how much better you can do entering a position in Brunello Cucinelli 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.

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